The latest decision follows a series of extensions allowing local farmers to export live cattle to other countries, primarily South Africa, as the Botswana Meat Commission (BMC) has continued to face operational challenges. Live cattle sales were...
As the primary water source for Gaborone, the dam’s poor performance has drawn attention to deeper issues affecting water management in Botswana.At a media briefing on Friday, Water Utilities Corporation (WUC) CEO, Gaselemogwe Senai, attributed the...
The FSC is a multi-agency body, which is responsible for assessing vulnerabilities that could affect the resilience and stability of the local financial system. The Council is chaired by the Bank of Botswana and also includes the Ministry of Finance,...
The possible increase in the forecast budget deficit to P11.4 billion, from the original projection of P8.7 billion, as well as the likelihood of the deepest economic contraction since COVID-19, make 2025 a difficult year for Batswana.Whilst the...
According to the last official figures, the country’s foreign reserves managed by the BoB declined to P56.1 billion in October 2024 from P64.9 billion in October 2023, due mainly to the decline in rough diamond sales.The prolonged decline in...
The Gross Domestic Product (GDP), which is an aggregate measure of the value of goods and services produced within the country, has been negative for three consecutive quarters in 2024, as Botswana’s economic mainstay sectors remained subdued.Data...
A government statement seen this week indicates that Kganetsano’s appointment was with effect from December 31.The monetary policy expert was appointed deputy governor in February 2021, rising from being the director of the Research and Financial...
The uptick in copper and nickel exports is on the back of rising local production and escalating prices of the metals, which are both eagerly sought after in the global energy transition.According to the latest figures from the Bank of Botswana,...
The waters are familiar because ever since minerals began to dominate values produced in the country decades ago, the economy became joined at the hip with the cyclical fluctuations of minerals, particularly diamonds.Prior to that, cycles in the...
Unaswi Nduna, who won P100,000, said the inspiration for the name Motswedi for the 2,488-carat stone was because it symbolises honouring diamonds as a source of pride and heritage and for being the wellspring of prosperity for Botswana.Koketso...
Last year, the DCI rose 15.5%, the strongest performance since 2013, powered by heavyweight counters in tourism, banking and finance.This year, the movers were a mixed bag, although banks and financial institutions such as Standard Chartered Bank...
Bond ceiling increasedParliament approved the Finance ministry’s request to raise government’s domestic borrowing limit to P55 billion in March. This was after the previous limit or ‘ceiling’ of P30 billion was reached in February.Under the...
The figure is one that many consumers would have thought would take years to achieve, looking at the fact that just two years ago, inflation touched historic highs at 14.6%. While inflation has fallen by over 80% between August 2022 and November...
Vice President and Finance minister, Ndaba Gaolathe, told the Youth Budget pitso last Thursday that the measures were necessary to safeguard the economy against future shocks and mitigate the risks of unsustainable public debt levels. “Central to...
The campaign, which ran from May 2024 to December 2024, concluded with Ananius receiving a fully equipped hydroponic garden worth P160, 000 at the finale held at Green Gem Nursery, Garden Maintenance, and Landscaping. The hydroponic garden, designed...
Held at BUAN’s lush grounds, the event showcased the creativity, hard work, and innovation that define the country’s farming and entrepreneurial sectors. The Market brimmed with activity as dozens of exhibitors presented a colourful array of...
The decision, which comes amid mounting concerns over the underutilisation of valuable mineral resources abundant in the country, seeks to ensure that licences are held by active operators committed to exploration and development. Speaking during the...
A trend analysis report published recently indicates that between January and June 2023, banks and other authorities filed a total of 165 Suspicious Transaction Reports (STR) with the FIA, of which 116 involved fraudulent cryptocurrency dealings.In a...
Figures released by the Bank of Botswana recently indicate that between January and October, Debswana sold P22.7 billion in rough diamonds, compared to P45.2 billion over the corresponding period in 2023.Debswana is the country’s primary producer...
The Delta is the country’s most prized tourism destination, with nights fetching in the thousands of US dollars, and the clients who fly in from across the world have to book well in advance to experience the World Heritage Site.Singita, a...