It was revealed during the National Public Procurement Pitso that Botswana’s public procurement system processed P33.5 billion in spending over the past year, placing renewed focus on its central role in the economy even as concerns persist over...
Several celebrities wore the Desert Diamonds “beacon” of jewellery collection launched by De Beers. A beacon is a jewellery concept that enables various industry players to participate in a category marketing initiative.Desert Diamond was De...
Despite growing calls for the private sector to take a leading role in driving development, the rise in unsolicited proposals is exposing gaps in the procurement framework. Officials say that whilst the Public Procurement Act of 2021, administered by...
The country’s commercial banks are amongst the economy’s most consistently profitable sectors, defying periods of downtrends and weaknesses over the years. Bank of Botswana figures indicate that whilst the banks largely skated through the three...
The transaction, which has been notified to the Competition and Consumer Authority (CCA), involves Peacevale acquiring key assets tied to FirstCred’s micro-lending and insurance agency operations. The deal has been structured as an asset purchase,...
Botswana Unified Revenue Service (BURS) Commissioner General, Phodiso Valashia, said the country can no longer rely on traditional revenue streams and must urgently strengthen its tax base as it takes on a greater share of financing its own...
The Botswana Energy Regulatory Authority (BERA) maintains a slate, which is a formula calculating the costs involved in supplying and distributing various forms of fuel within the country. Every month, BERA looks at the movements of the various...
The figure for last year came even as banks restrained their lending activities, with total loans extended starting 2025 at P87.2 billion, peaking at P90.6 billion in May and reaching December at about P90 billion.The arrears rose from 6.4 percent of...
In a statement, BOCRA officials said the One Network Area (ONA) framework would expand beyond Botswana and Namibia to include Malawi, Lesotho, Mozambique, Zambia, and Zimbabwe. The ONA initiative is aligned to efforts by SADC member states to reduce...
Between January and February 28, Choppies’ share price retreated by seven percent, whilst Letshego shed 5.6 percent, pushing the DCI down. In an update, BSE officials said only a few domestic counters, such as Absa (+0.1 percent), Turnstar (+0.5...
The newly built local web platform aims to change how Batswana recover lost valuables. Retrieve, which was launched on February 24, uses unique identification codes and artificial intelligence to match missing items with their rightful owners....
The proposed project, presented during a community consultative meeting at the village, will comprise a three-storey commercial complex incorporating retail outlets, a private clinic and a filling station.Developers indicated that the investment will...
The call was made recently at a Youth and Small Medium Enterprises (SMEs) budget review seminar hosted by Mmegi/The Monitor and First National Bank Botswana (FNBB). During discussions, Chief Investment Officer (CIO) at Mogobe Capital Partners, Rene...
The session, held for Absa’s business banking clients, unpacked the opportunities offered through the programme; a 10-month hybrid leadership and strategy course designed for founders and CEOs of established companies across sub-Saharan Africa....
Last week, the most populous country in the continent signed the host agreement at a ceremony in Lagos, the designated ‘host city’. The signing was done in partnership with African Export-Import Bank (Afreximbank), the African Union Commission...
According to the investment promotion body, the forum forms part of ongoing efforts by the Government of Mauritius to position the island nation as a secure destination for African markets and a regional hub for innovation and technology-driven...
The proposed tariff adjustment has already drawn strong opposition from the industry, as manufacturers and exporters warn that the increase could severely undermine the country’s fragile industrial base.Late last year, BPC lodged a tariff...
According to a recent Government Gazette notice, the country's fiscal authorities intend to secure a P3 billion facility from a consortium of local lenders comprising First National Bank Botswana (FNBB), Stanbic Bank Botswana, and Absa Bank...
Through Bank Gaborone’s tailored solutions, SME’s are able to unlock new opportunities, strengthen their operations, and accelerate its growth.The remarks were shared during the latest episode of the Kgwebo Connect Series, a weekly platform by...
As part of its growth strategy, and through the facilitation of the Botswana Investment and Trade Centre (BITC), the company has secured a 19-hectare site at Matabele in the Kgatleng District to develop a new cement manufacturing plant with a planned...
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