The loan will help the BDC support local investment in green technologies and industries as well as other funding needs in key sectors of the economy.BDC officials said the funding would enhance the organisation’s ability to stimulate local...
Listed and unlisted banks are due to unveil their annual and interim financials in the coming weeks, with several estimates already indicating that profits will be elevated.Bank of Botswana data shows that cumulative after-tax commercial bank profits...
Before its closure in 2015, BCL Mine was the economic backbone of Selebi Phikwe and surrounding areas for decades.Premium Nickel Resources Botswana (PNRB) Environment, Social and Governance (ESG) vice president, Shamil Agosi, said that entrepreneurs...
BIHL, the country’s largest and most diversified financial services group, has been generally enjoying an upswing in its share price this year, and before Tuesday, had gained a net 11% on its share price since January.On Tuesday, BIHL gained five...
For many years, the state-owned national flag carrier has been doing business manually by carrying out its operations through a conventional call centre booking portal.Speaking at the launch, Air Botswana general manager, Magdeline Mookodi said the...
The strategy was launched last week in Sua Pan, under the tagline “Double in Five Safely”. During the launch, Botash managing director (MD), Kangangwani Phatshwane and other members of the company’s executive team said the strategy will see the...
Born with an ear for good music and a heart that leaps at the thought of attending an event, Chinhengo says his dream and passion was always to make other people happy through his love for music and sense of creativity.This flare would later lead him...
The P500 million Selebi-Phikwe citrus project is expected to produce its first harvest of lemon, oranges, grapefruit and naartjies in January next year.On Wednesday, Ministry of Trade and Industry permanent secretary, Malebogo Morakaladi, told...
For several years, Letshego, an 11-country group headquartered in Gaborone, has battled to lift the performance of its East and West African divisions, which include operations in countries like Ghana, Nigeria, Tanzania, Uganda, Rwanda, and...
Last August, the High Court placed FirstCred, formally known as GetBucks Botswana, under judicial management following a period of financial turbulence with part of the troubles involving the alleged mismanagement of hundreds of millions of pula by...
BTCL shares trade under an ownership restriction policy imposed by the government as a condition of the 2016 listing. The restriction means only Batswana can own the shares, an effort by government to empower citizens.Since listing in 2016 as part of...
Group CEO, Al Cook said the prevailing economic environment was leading to softer end-client demand for diamond jewellery in key consumer markets. He added that the summer period (in the US) was associated with traditionally lower levels of midstream...
Having started off as descendants of pastoral farmers in their infancy, Lydia Pansiri and Nkobi Pansiri are the masterminds behind the recently opened multi-purpose complex in the remote area of Xuxwakam. Their company, Xuxwakam Butchery and...
The central bank raised interest rates three times last year, by a collective 151 basis points as it fought soaring inflation which peaked at 14-year highs in August. However, since then, inflation has been falling – largely due to dissipating...
In his address, Moagi said electrifying the villages will contribute to the country's Vision 2036 which aims to improve the standard of living for its citizens. He said electricity is essential to the transformation of the nation’s economy from...
Known formally as the Pension Fund Rule 2 or PFR 2, the NBFIRA (Non-Bank Financial Institutions Regulatory Authority) statute previously required pension funds to invest at least 30% of their assets locally.Under changes to the Retirement Funds Act,...
Thomas left office on August 14 after five years at the helm and was replaced by her predecessor, William Lamb, who occupied the top seat between May 2011 and February 2018.Her departure has stoked shareholder debate as the high-flying miner enters...
The advice to establish the authority came through a draft ownership policy that will be presented to Cabinet, after a series of stakeholder engagements between various government research arms.The new State Owned Entity’s ownership policy, which...
Developed by Stefanutti Stocks, the revamp started in April 2019 and was delayed by eight months due to the COVID-19 pandemic in early 2020, which brought about supply chain bottlenecks and work management issues.The outbreak of the Russia and...
The developments are the latest in an exhaustive bid to revive Pula Steel, the country’s pioneering steel producer. Pula Steel closed in 2017, just two years after it was built at a cost of P130 million, strained by financial and technical...
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