Statistics Botswana figures released last week indicate that real Gross Domestic Product (GDP), a measure of economic activity, slowed to a negative 0.5 percent year on year in the second quarter, after a -5.3 percent performance in the first...
The plans are contained in the corporation’s financial results for the year ended June 30, 2024, which were published to the Botswana Stock Exchange this week.Beyond the financial services, BDC’s investment pipeline includes significant...
Maatla controls the Mmamabula Coal Project on the well-explored eastern coalfields, which contains over 90 million tonnes of high-grade thermal coal.CEO Jacques Badenhorst told BusinessWeek funding was in place to finalise construction of the mine...
Established by senior officials from central banks and ministries of Finance, MEFMI has evolved into a significant capacity-building institution serving countries such as Botswana, Kenya, Zambia, and South Sudan.According to officials, the institute...
The BAOA is the oversight body of the accounting and auditing profession in Botswana, regulating the activities of auditors as well as the financial reporting and corporate governance of Public Interest Entities (PIE) and the corporate...
According to the results published on the Botswana Stock Exchange recently, BBS Bank’s interest income shot up 42% year on year to P233 million, off the back of a stronger loan book which went from P3.3 billion to P4.2 billion between June 2023 and...
The study was developed last year by the Botswana Investment and Trade Centre (BITC) in partnership with the European Union’s Africa RISE (Reform for Investment and Sustainable Economies) programme.The study aims to help Botswana develop its...
Whilst the first draft for the NDP12 is expected to be released in October this year, economic advisor in the Office of the President, Noma Sephuma, lifted the lid on government’s intentions to anchor its roadmap on accelerated infrastructure...
Disclosing the figures during a full council meeting this week, the northern city mayor, Godisang Radisigo, stated that since 2019, the LEA client portfolio in their jurisdiction increased from 44 to 373.“This portfolio depicts 41% of clients in...
Running from September 23, 2023, until December 15, 2024, the campaign is expected to thrill customers with opportunities to win on a weekly and monthly basis.The promotion, now in its third edition, builds on the success of previous campaigns, where...
Giving an update on the 1,529-hectare Leupane Energy Hub and Industrial Park the company is developing, Botala CEO Kris Martinick said the company was looking at gas sales agreements within Botswana and into the region, as well as solar to the...
The owner of The Hot Chilli Sauce, which is based in Gaborone’s Main Mail, explains that it is the reason behind her delicacy selling for a premium. In an interview, Tshenolo Pearl Mogotsi, said her product is distinct not only for its flavour but...
The project commenced in April and is expected to reach completion by December 2024. The Nossop-Ncojane Project aims to carry out a comprehensive high-resolution aeromagnetic survey over the remaining part of the country, approximately 320, 000-line...
Utande Botswana marks a significant milestone in the Zimbabwean tech giant’s regional expansion drive. Already the innovative, cutting-edge ICT solutions powerhouse has established operations in Namibia and South Africa, and its entry into the...
According to directors, the current phase of the programme brings innovation and skills development to 500 local retailers and in the process helping them navigate the evolving retail landscape. G.R.I.T Managing Director, Carlos Bernitt, emphasised...
The call was made by officials of the Companies and Intellectual Property Authority (CIPA) at a recent SME project event, highlighting that Intellectual Property (IP) is an essential asset for small businesses looking to grow in local and global...
Banking is amongst the country’s most profitable sectors, with local banks’ collective profits breaking historic records in two of the three years since the pandemic year of 2020. Banks’ profits have defied downturns such as COVID-19, with...
A property market update by Riberry, cited in the Bank of Botswana’s (BoB) latest household indebtedness report, noted a softening in the local property market during the first quarter of this year. The residential market, in particular,...
The significant green loan approvals and other sustainable projects FNBB is engaged in are steps forward in the commercial bank’s long-term strategy to contribute positively to Botswana’s green economy while advancing its own operational...
The handover represents part of the total P263 million payout to all shareholders, the highest since BTCL’s 2016 listing on the Botswana Stock Exchange. The BTCL recently unveiled results for the year ended March 31 2024 showing a 35% increase in...
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