In a statement accompanying the quarterly production guidance issued to stakeholders last week, the mining giant said it is conducting an impairment review of the miner’s carrying value, a move that could result in another write-down when full-year...
JICA, which promotes Japanese support for development and economic stability of developing regions, recently had its representatives visit the state-owned bank’s operations as part of ongoing engagements that explore Small and Medium Enterprises...
The accession follows the South African Parliament’s historic approval of the accession in 2025, cementing a strategic partnership between Africa’s leading multilateral Bank and the continent’s industrial powerhouse. South Africa becomes the...
BusinessWeek has learnt that new tax changes, including higher rates for corporate tax and International Financial Services Centre companies, are due to be tabled and debated in the upcoming sitting of Parliament.The new changes will shore up...
Maatla thus becomes the third licensed colliery in the country, its production coming at a time when prices for the mineral are depressed. Morupule Coal Mine and Minergy, the other two producers, have battled a prolonged downturn in the past three...
The Bank of Botswana (BoB) foreign exchange data shows that the pula depreciated by 0.9 percent against the rand in the fourth quarter of 2025, closing the year at ZAR1.29 to BWP 1.00, compared to R1.3094 to P1.00 at the end of the third quarter.Over...
This emerged during Bank Gaborone’s third Kgwebo Connect Series, held under the theme 'Empowering the Everyday Entrepreneur: Policy Insights and Practical Funding Solutions'.The conversation brought together business leaders and policy...
In a quarterly update released this week, Tlou directors said in the third quarter, key subcontractors had been identified to finalise the work and the remaining items needed two to three months. The directors said while initially expected to have...
In an update to investors on Wednesday, the energy junior said the latest timelines follow the successful execution of an Engineering, Procurement and Construction contract in December and the locking in of project costs.Directors said community...
The US$10 million (about P133 million) facility, which is currently at the drawdown stage, is ring-fenced for seasonal input financing and is expected to ease longstanding funding constraints faced by commercial and emerging farmers in the two...
Speaking at the Budget Pitso, Gaolathe said Botswana's economic model, heavily reliant on diamonds and government intervention, can't sustain the country in the same way it has for decades.Gaolathe highlighted global uncertainty, market...
He added that these disruptions raise freight costs and squeeze the already fragile job markets across Southern Africa.“These developments force us to confront a hard reality: Africa must rely more on itself,” Magosi said at a high-level African...
The hackathon will take place simultaneously across Cavista Technologies’ international offices, linking Botswana with the company’s operations in Nigeria, India, and the Philippines.The event will bring together developers, engineers, and...
The event brought together senior government officials, members of the Indian diplomatic mission, industry figures, and company leadership, reflecting the growing emphasis on skills development as a pillar of Botswana’s industrial and energy...
The Netherlands-based institute released its findings last week.In a statement, FNBB said it had been named as the number one employer in the market.“We are proud to share that FNB Botswana has been recognised by the Top Employers Institute as a...
At present in the local commercial banking sector, only BBS Bank is citizen-owned, whilst all the others are the offshoots of parent groups that are based out of South Africa, Namibia, Malawi, Namibia, Nigeria and the United Kingdom.The NDB, a...
Gaolathe and his technocrats earlier this week wrapped the last of three budget pitsos held as part of the annual consultative meetings ahead of the budget next month.Engaging with the younger generation at the Youth Pitso in Gaborone, the Finance...
The shoe shop has issued notices on its stores, notifying customers of its exit from the local market with inventory wiped out by a close-down sale. Owned by retail giant Pepkor, shareholders revealed late last year that Shoe City had consistently...
Harding made the remarks last week during a coffee session held at the Botswana Digital and Innovation Hub (BDIH). The session, themed 'Living Out Your Purpose Through Entrepreneurship', marked the launch of BDIH’s Coffee Session series and...
Preliminary Bank of Botswana (BoB) figures released recently show that between January and June 2025, non-interest income earned by the country’s commercial banks averaged P352.8, before rising to an average of P548.1 million between July and...
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