The negative credit growth technically means that in May, borrowers were paying back more than they were taking up new loans.The May position is down from a negative 1.5 percent in April and 0.02 percent in March.General credit growth, or the rate of...
The target will be achieved through the completion of three strategic fuel depots in Francistown, Gantsi and Tshele Hills, with the latter to be developed under a Public-Private Partnership (PPP) after government secured an investment partner through...
In a move aimed at increasing domestic revenue collection and strengthening compliance, the tax agency last week announced that those earning more than P33,000 a month will face a new 27.5% personal income tax. This affects those who rake in more...
Managing Director Fritzgerald Dube made the announcement last Thursday at the company’s official launch, marking its transformation from Marsh Botswana. Pan-African insurance giant OLEA Insurance Solutions completed a takeover of Marsh Botswana...
Last week, the two entities signed a Memorandum of Understanding which builds on the eco tourism group’s' ongoing efforts to integrate more citizen-owned businesses into its supply chain while strengthening enterprise development through...
Last week, officials announced that private medical practitioners and deputy sheriffs will need to start registering for this form of taxation as government moves to modernise tax administration and boost domestic revenue collection. BURS Acting...
According to Statistics Botswana figures, in the first quarter, electricity generation figures show that solar plants produced 82,519.96 megawatt hours (MWh), accounting for 9.1 percent of total domestic electricity generation.The output marks a...
In its simplest definition, Artificial Intelligence, better known as AI, is the revolutionary technology that uses large datasets and machine learning to replicate and improve on tasks done by humans. Botswana has developed a draft AI policy that is...
Jamie Carratti, director and asset president of Sandfire’s Motheo operations, told the recent Future of Mining Summit that the Australian company was pulling out all the stops to extend its time on the Kalahari Copperbelt.“We see huge value in...
The reforms, supported by the African Tax Administration Forum (ATAF), have positioned Botswana amongst African countries that are reaping the benefits of digital taxes on remote services.According to the ATAF’s 2025 annual report released this...
OLEA Insurance Solutions, a pan-African group, received regulators’ approval to wholly takeover and rebrand Marsh Botswana last December.Marsh Botswana, an entity with a more than 40-year history in Botswana, is amongst the major players in the...
The central bank raised P800 million of the P2.8 billion from the longer maturing bonds, while the short-term Treasury Bills continued their dominance of the monthly auctions.According to Kgori Capital trend analysis, yields fell across the spectrum...
The extent of the production shortfall was highlighted during a recent media tour of Bolux's P800 million manufacturing facility in Ramotswa, organised by the Maize and Wheat Millers Association (MWMA). Whilst the facility stands as one of...
Speaking at the Future of Mining Summit in Gaborone last week, mining executives outlined a strategy that would see the sector leverage its vast purchasing power to develop citizen-owned suppliers, build local manufacturing capacity and reduce...
Financial statements released on the bourse last week show the company posted a net loss of P4.9 million for the year ended December 31, 2025, a marked improvement from the P14.3 million loss recorded in the previous year. Loss before tax narrowed by...
Under the deal, a P200 million Matopinion Farming (Pty) Ltd agricultural investment will be established, which is expected to create 183 direct jobs, while spearheading one of the largest irrigated fodder production projects in the country. The...
Speaking to BusinessMonitor, Karata Events managing director, Tseme Tseme, said the platform was born out of frustration after repeatedly seeing organisers lose money and credibility because of duplicated paper tickets and outdated...
Last week a Memorandum of Understanding (MoU) was signed marking a step toward strengthening collaboration between the two institutions, leveraging their complementary mandates to support sustainable economic growth, investment attraction and...
After a protracted legal wrangle in which the Nova Africa Resources/Aga One joint venture emerged victorious, investors have revealed to BusinessWeek that they have bigger plans to turn the Mupane assets into a base for a regional refinery targeting...
While central bank officials said the review would be comprehensive, they were also quick to stress that this did not imply the results would equally be significant.The Pula has been managed via a crawling peg system since 2005, which relies on the...
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