In its latest financial results for the six months ended September 30, 2022, the state owned entity said profits after tax dropped by 84% to P3.5 million, which is a decrease of P14.5 million when compared to the P18 million that was recorded in the...
The shares sold at P3.16 each, a drop from the P3.51 Grit sold previously on March 7. Prior to that, the Mauritius-domiciled entity, with roots in London, sold at P3.51 in February and P3.48 in December.Grit at one point held more than 30% equity in...
HB Antwerp, a three-year-old firm that focuses on applying high technology to extract the best value from the diamond ecosystem, opened a state-of-the-art facility at the Diamond Technology Park on Monday.Last November, the firm leveraged its...
Presenting his inaugural budget recently, Entrepreneurship minister, Karabo Gare told Parliament that the first phase of the project had started and activities such as fencing of the plot and construction of access roads would be undertaken soon.He...
Companies listed on the Botswana Stock Exchange’s (BSE) main Domestic Companies Index have until March 31 to file their full year and interim financials for the period to December 2022, under a listing rule that requires financials to be published...
Data from the Banking Ombudsman has revealed complaints that flooded Gabriel Maotwanyane’s office ranged from customers who defaulted on their loans to those who lost their properties after being retrenched.The Office of the Banking Ombudsman was...
He said then: “When the guest arrives, give him an experience that's ahead of what he anticipates. What I'm hoping is that folks come away from [our hotels] having expected something, and come away thinking 'wow, so much better than...
The government has provided funding for construction of silos in Pandamatenga as part of the common facilities to be utilised by commercial farmers operating within the agricultural Special Economic Zone.These modern facilities are expected to...
When complete, the facility will be used to offload coal from Botswana into train at Walvis Bay, Namibia.“As a stop gap measure, my ministry is developing a coal siding facility in Gobabis, Namibia whereby coal from Botswana will be off loaded from...
In his last week address at Committee of Supply in the National Assembly, the Minister of Transport and Public Works, Eric Molale said progress has been made as the cargo project is underway.He added the airline has signed agreements with cargo...
Local authorities secured a key legal victory in Brussels recently and have the stones under their control, a situation that will bring finality to the saga at Lerala where creditors had filed claims worth P30 million.“The diamonds are still in...
Presenting his budget requests for 2023–2024 in Parliament this week, Trade and Industry minister, Mmusi Kgafela said the Botswana Development Corporation (BDC) had disbursed about P355.6 million to Delta Automotive Technologies Botswana and LCW.He...
The Norwegian firm won a highly contested tender for the contract last August and this week published an estimate for the costs, as part of disclosures in its annual report.The project is being done on an Independent Power Producer (IPP) basis, where...
The latest bond, which carries a 9.15 percent fixed rate and matures in March 2028, was listed on the Botswana Stock Exchange (BSE) last week. With the placement, Stanbic now has nine outstanding bonds issued under its P2 billion programme, which...
Since February 2017, Ghaghoo Mine has been on care and maintenance activities which entail keeping the mine's infrastructure in prime condition in preparation for a possible reopening.However, after prioritising a sale of the mine last year and...
She said it all started 30 years ago when she was developing her garden at home. By then she was just following her passion without knowing that it would at some point pay her bills.By then her garden was also coming up nicely catching the eye of...
Briefing Parliamentarians recently, Ministry of Entrepreneurship Karabo Gare said BMC is also reviving its tannery to have adequate base raw-material for the leather park project.“To this end given its existing assets, already serviced land, skills...
The Minister of Entrepreneurship, Karabo Gare said the greenlight follows the negotiations that were conducted at the Dubai Expo 2020 in February 2022 “Plans are underway to complete accreditation of the BMC Maun abattoir to also gain access to the...
Special Economic Zones (SEZA) CEO, Lonely Mogara said Fairgrounds is targeted at FinTech investors interested in Business Processing Outsourcing (BPO), Investment Fund Management, International Banking and International Insurance amongst others....
Previously, the highest after-tax profits the banks enjoyed was in 2018 at P2.02 billion. Bank of Botswana (BoB) figures released last week indicate that the collective net interest incomes of commercial banks rose to P5 billion last year from P4.4...