Stanbic Bank Botswana CEO, Chose Modise, said there was a need for “more and better” collaboration between the various private sector players in the economy to realise the diversified growth that the country requires going forward. He was...
Thus far, the Finance ministry’s response to the steep downturn in revenues has been on the recurrent side, with restrained spending on travel, new fleet, computers as well as workshops and seminars. Development spending has been slowed to later in...
The central bank noted that BBS Bank’s conversion from a building society to a commercial bank marginally cut the gap between the Big Four and the rest of the market.The Banking Supervision Report, which provides an in-depth look into the local...
In the years since the signing of the bilateral agreement between Botswana and Namibia in 2014, seaborne coal prices have sharply declined as the world has moved towards cleaner energy sources.A feasibility study has never been done for the TKR and...
In the latest annual report, the group’s executives noted lower consumer spending, particularly around luxury items, as household incomes continued under pressureGroup Managing Director Chandra Chauhan stated that despite a bounce back in consumer...
Founded by Ndipo Gracious Chilume in Gaborone, the business offers a range of juices, smoothies, soups, and salads all made without preservatives or artificial ingredients. With health-consciousness on the rise, Ndigra Raw is carving out a niche in...
Government spent P112.3 million on Phase 1 of the Airport City SEZ, covering 100 hectares. The funds were spent on developing a 1.8km six lane dual carriageway, storm water drainage, primary water and sewer networks, electrical power reticulation,...
The P10 million dividend to government was declared at an event to launch the 90% import mandate and the citizen transporters recently. Buoyed by the declaration and speaking on behalf of the shareholder, Minerals and Energy Minister, Lefoko Moagi,...
The event marked the launch of two key facilities aimed at promoting economic empowerment, namely, a business centre in Tlokweng and a horticultural farm at Ruretse. The National Director of SOS Children’s Village Botswana, Motshwari Kitso,...
The 2024 cohort was made up of companies from a wide range of sectors, from financial services, tourism, agriculture, energy, retail, to medical services. This diversity highlights the growing awareness amongst businesses of the benefits that come...
When giving a keynote address, Moagi said that the government’ strategic storage facilities built in Gaborone and Francistown are no longer sufficient to maintain the government's aim to provide a contingency supply of petroleum products, in...
According to the data agency, in July, the country’s trade balance – or the difference between the values of exported and imported goods, widened to a shortfall of P4.2 billion from a deficit of about P3 billion in June. The country’s trade...
Statistics Botswana figures released last week indicate that real Gross Domestic Product (GDP), a measure of economic activity, slowed to a negative 0.5 percent year on year in the second quarter, after a -5.3 percent performance in the first...
The plans are contained in the corporation’s financial results for the year ended June 30, 2024, which were published to the Botswana Stock Exchange this week.Beyond the financial services, BDC’s investment pipeline includes significant...
Maatla controls the Mmamabula Coal Project on the well-explored eastern coalfields, which contains over 90 million tonnes of high-grade thermal coal.CEO Jacques Badenhorst told BusinessWeek funding was in place to finalise construction of the mine...
Established by senior officials from central banks and ministries of Finance, MEFMI has evolved into a significant capacity-building institution serving countries such as Botswana, Kenya, Zambia, and South Sudan.According to officials, the institute...
The BAOA is the oversight body of the accounting and auditing profession in Botswana, regulating the activities of auditors as well as the financial reporting and corporate governance of Public Interest Entities (PIE) and the corporate...
According to the results published on the Botswana Stock Exchange recently, BBS Bank’s interest income shot up 42% year on year to P233 million, off the back of a stronger loan book which went from P3.3 billion to P4.2 billion between June 2023 and...
The study was developed last year by the Botswana Investment and Trade Centre (BITC) in partnership with the European Union’s Africa RISE (Reform for Investment and Sustainable Economies) programme.The study aims to help Botswana develop its...
Whilst the first draft for the NDP12 is expected to be released in October this year, economic advisor in the Office of the President, Noma Sephuma, lifted the lid on government’s intentions to anchor its roadmap on accelerated infrastructure...
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