Key sectors such as diamonds and tourism, dependent on external demand, will be affected.Speaking during First National Bank Botswana’s post-budget briefing recently, Cairns said an additional concern for Botswana was the uncertainty load-shedding...
Grit Services which is LLR’s Africa expansion strategy partner, recently offloaded millions of its shares in the local group, cutting its stake from 25%to 18.31%. The pan-African real estate firm at some point held 30% equity in LLR, second only to...
Under the rule, 40% of mineral revenues in any particular financial year would be saved for future generations, through investment in the Pula Fund managed by the Bank of Botswana.The budget has been running deficits since 2017–18, peaking at P16.4...
The company also holds convertible debt in Minergy Ltd, the coal producer based in Medie. MDCB chief investment officer, Modise Mokone told BusinessMonitor that the company was analysing the opportunities available in critical minerals, rare earth...
Christopher Nakabale told BusinessMonitor that despite promises made at top government level to support local manufacturing, Lupro had failed to secure any business over the years, while debts and running costs were piling up. Lupro, a wholly...
The wholesaler’s Head of Marketing and Communications Thapelo Mmono told journalists recently at a media engagement session and tour of its retail wholesale store in Gaborone (Old Lobatse Road) that Trans has opened its doors for local...
According to draft budget estimates released by the Finance ministry this week, Air Botswana was initially due to receive support of P133.6 million under the Transitional National Development Plan which runs from April this year until March...
The Indaba, one of the world’s largest meetings of the mining industry, kicked off on Monday and ended on Thursday.Minerals and Energy minister, Lefoko Moagi told BusinessWeek that government’s mission at the Indaba was to remind investors,...
In an announcement to the Botswana Stock Exchange this afternoon, BIHL said all regulatory approvals for the deal had been granted and the P250 million paid as agreed.FSG is a leading funeral services provider, with operations in Botswana, South...
Giving an update on the market, Minergy CEO Morné du Plessis said their objective is to secure additional long-term export seaborne offtake agreements since the logistics and coal qualities have been established. “At the same time, we assess...
The group reported that the effective tax rate for the period of 27% is significantly lower than that of the prior period which was 42% with the absorption of the accelerated withholding tax paid on dividends declared by subsidiary companies to...
The economy rebounded strongly after the 2020 COVID-19 shock, recording 11.8 percent growth in 2021-22 and a higher than expected 6.7 percent for 2022-23. However, the continued recovery is threatened by the possibility of a slowdown in the global...
Preliminary receipts from the first auction this year, held in Gaborone were, however, higher than the $417 million seen from the last auction of 2022.Outgoing CEO, Bruce Cleaver said sightholders, the exclusive list of buyers contracted for De...
AfCFTA, which came into operation last year, is an African Union trade deal that grants easier access to the continent’s 1.2 billion people who collectively represent a market valued at more than $2.6 trillion.President Mokgweetsi Masisi signed...
Bank of Botswana data released this week indicates that Debswana’s sales were nearly 50% higher year-on-year, a trend the Finance ministry has attributed to a rebound in global economic activity and sanctions on the world-leading rough diamond...
The ministries of Agriculture and Entrepreneurship are studying whether the country’s farmers and manufacturers have enough capacity that could allow government to restrict the importation of cooking oil.Assistant Agriculture minister, Molebatsi...
CAH, a 100% subsidiary of the Bud Group, holds its equity in Botash alongside government which equally owns 50%. The SA firm announced plans to dispose of Botash shares late last year.This week, sources told BusinessWeek that the process to dispose...
The business, which is located along the ever buzzing Molepolole main road, Motswedi Tyre Services specialises in tyre repairs, retreaded and selling of second hand tyres.Last week, Motswedi Tyre Services manager, Aobakwe Hirchfeld who is also the...
It is expected that the innovation will benefit the property outfit’s unit holders financially while also delivering on its drive to provide sustainable power to tenants.It is estimated the system will have a 120,000 kWh monthly output. The system...
Headquartered in Hong Kong with over 15,000 employees worldwide, the company currently operates in Botswana as a diamond cutting and polishing company.It also has a training institute that specialises in diamond cutting and polishing. SEZA Director...