Amendments to the Value Added Tax Act passed by Parliament in August are awaiting assent by President Duma Boko. The Botswana Unified Revenue Service (BURS) is meanwhile working around the clock to prepare for the changes, with deputy secretary of...
OLDM General Manager, Mogakolodi Maoketsa, said the industry has been challenged by the increasing appeal of synthetic diamonds, higher extraction costs, and slower economic growth in major markets.“People are buying synthetic diamonds at lower...
In a statement, officials said the group’s performance reflects continued strategic momentum and operational resilience, underpinned by its long-standing commitment to people-driven growth.“Our performance this half-year is a testament to the...
Since its establishment in Botswana, F&G has specialised in tobacco leaf extraction, flavour creation, and the production of ethyl maltol, a key compound widely used in flavouring across industries. Over the years, the company has successfully...
A statement seen by Mmegi indicates that Angola's state-owned diamond miner, Endiama, has submitted a "fully financed offer to acquire a strategic minority stake in De Beers".Angola believes De Beers’ future depends on remaining a...
Preliminary figures from Statistics Botswana released this week indicate that the second quarter of the year jumped to a P1.6 billion surplus, following a string of deficits for all the quarters up to the Q2, 2023. In the first quarter of the year,...
According to the bank’s half-year ended June 2025, it expanded customer loans by nine percent year-on-year, with total loans and advances up 15% to P23.9 billion, hence defying tougher operating conditions. On the other hand, Stanbic’s customer...
This year’s edition attracted over 112,000 physical and virtual visitors from 132 countries, alongside 958 registered buyers and 2,148 exhibitors and culminated in a record US$48.3 billion in agreements. Former President of Nigeria and Chairman of...
The government investment-promoting agency, which is hosting Global Expo Botswana 2025 in October, has announced a significant local response to its call for investment-ready projects. BITC stated it has received approximately 131 submissions from...
The executive of the bank, which is also listed on the Botswana Stock Exchange, announced last week that P195 million in funding has been disbursed to local businesses in the first half of 2025. The funding brings the bank's total support for...
Botswana’s annual inflation rate rose modestly to 1.4 percent in August 2025, up from 1.1 percent in July, yet it continues to hover well below the Bank of Botswana’s (BoB) medium-term target range.According to researchers in the Bank’s latest...
The fund ended June 30 with P11.9 billion in assets under management, up from P11.5 billion in the first quarter, despite what executives described as “heightened market volatility and challenging conditions”.The performance was achieved even...
The global ratings agency announced its decision over the weekend, marking the first downgrade since March 2020 when the country’s economy was clouded by COVID-19.S&P said the downgrade was due to the deterioration of public finances, due largely...
The country’s second-largest bank posted pretax earnings of P412 million for the half-year to June 30, 2025.Absa Bank executives attributed this slowdown in profitability to a challenging operating environment defined by elevated credit impairment...
During the launch, which attracted a number of stakeholders, Cresta Marakanelo Managing Director, Mokwena Morulane, said that many people visit Maun but do not stay as often as they should.Morulane stated that residents in Maun have shared that the...
The pace of food imports comes as the country’s foreign reserves decline due to the prolonged diamond downturn. The Bank of Botswana has said retail, including food, is amongst the biggest consumers of foreign currency in the country, together with...
The fraudsters according to NBIFRA are taking advantage of fast-tracked loan approvals and weak verification systems.NBFIRA’s Anti-Money Laundering Unit representative, Leonard Moeng, said the industry was under serious pressure as fraudsters...
The Forum, a premier platform for advancing the African Continental Free Trade Area (AfCFTA), is designed to unlock intra-African investment and promote the vision of “One Africa.”The high-level opening ceremony, attended by nine African Heads of...
Formerly known as Tati Nickel, the base metal mining operation closed in 2016 during the global meltdown in the sector.Tati Nickel operated Phoenix and Selkirk mines prior to its closure.Canadian firm, NexMetals has snapped up Selkirk while Global...
Austrian investor, Cevdet Caner, and his investment firm, NIU Invest SE, have pledged to invest $200 million (P2.7bn) over a 10-year period to bring Phoenix Mine at Tataki back to profitable operations, creating more than 3,000 direct and indirect...
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