The country’s apex bank last week adjusted the MoPR from 1.9 percent to 3.5 percent, in what it described as a “recalibration” meant to strengthen monetary policy and preserve the country’s foreign exchange reserves. “This policy decision...
The newly constituted Board at the government’s investment arm features a dynamic team of non-executive directors with diverse expertise across finance, governance, policy, investment, and transformation. The new appointees include Alice...
The call was made by a senior official of Debswana Diamond Company last week when officiating at the Banana Cub Economic Forum 2025, held under the theme, 'Inclusive Business Practices; Key Strategies For Growth'. Senior Manager – Cultural...
The three winners of the competition are PK Maxi Farms who scooped P350,000 for an innovative and community-impact initiative, while Mr. Solar secured second place and won P200,000. Phemo Aesthetics claimed P150,000 in third place.Visa officials said...
Director of External Affairs at MMG Khoemacau, Boikobo Paya, said the development marks a major step in Botswana’s ambitions to become a regional copper powerhouse. “This expansion will lift Khoemacau’s production to 130,000 tonnes of copper...
The last review, done on July 10, resulted in a faster depreciation of the pula, whilst changes to the central bank’s trading margins for foreign currency with banks kicked off economy-wide price hikes.Authorities said the measures were critically...
Presenting the manufacturing sector strategic vision for National Development Plan 12 (NDP12) this week, the Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, said the implementation of the National E-Mobility (Electric Vehicle) Promotion...
Speaking at the bank’s inaugural Insights and Impact roundtable, Makhupe said that whilst the Botswana Economic Transformation Programme (BETP) held promise for transformation, there was a need for stop-gap strategies whilst its results were...
In a ceremony on Saturday in Cairo, Egypt, Elombi was formally inaugurated as Afreximbank’s fourth president, taking over from Professor Benedict Oramah. The investiture ceremony was witnessed by over 2,000 guests, including heads of state, former...
In a recent statement, the local bourse said trades in Minergy’s shares had been suspended from October 15 “pending finalisation of certain matters which, in the opinion of the company, warrant temporary suspension of trading in order to avoid...
Richard Bunning, CEO of GCR Group, which now manages Tataki Mine, recently told the media that the company is rebuilding operations from the ground up.“We are lucky to have inherited key individuals in the engineering department from the previous...
The multinational security group reported a loss of P14.3 million for the year ended December 2024, widening from P11.1 million in 2023. On the other hand, operating losses stood at P16.5 million, even as total revenue rose to P231.2 million,...
The 2024 Banking Supervision Report revealed that the market structure has remained largely unchanged, with the local banking’s “Big Four”, Absa Bank Botswana, First National Bank Botswana (FNBB), Standard Chartered Bank Botswana, and Stanbic...
The state-owned property company said in its latest financial results that gross profit increased by P71 million to P441.4 million, but the gross margin fell to 59.7%, down from 70.5% recorded in 2024. The parastatal’s numbers showed that the...
With government spending slowing and less money circulating through the economy, the fight for cash is entering a new phase.In its latest Banking Supervision Report, the Bank of Botswana noted deepening pressures facing commercial banks as...
BPC's credit rating withstood the sovereign downgrade on Botswana’s sovereign rating that was dropped over the weekend due to the country’s weakening fiscal position.The outlook for BPC, however, remained negative with pressing worries over...
Currently, the bulk of RDC’s P6 billion portfolio consists of retail and office assets. In Botswana, RDC’s most well-known leisure asset is the Chobe Marina Lodge, one of the land market properties along the Chobe riverfront.In an analyst...
TABEF, a prestigious forum, brings together prominent representatives of public and private sector actors from both Africa and Turkey.Botswana’s Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, led a delegation of two officials including...
The newly appointed executive board suspended Rasebotsa back in June this year. She was placed on administrative leave for 30 days, which was then extended.The troubled GM was later suspended, allegedly on issues of maladministration and misconduct....
Data centres are a key priority across the globe, as they house critical infrastructure for the internet and the digital economy, providing secure and reliable storage as well as processing for vast amounts of data. Major corporations such as Meta...
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