Anglo holds 85% in De Beers, with the other 15% held by the Govt of Botswana.The statement by Anglo this morning, follows weeks of pressure by global mining group, BHP, which is pushing to buy Anglo. Anglo, which has rejected all bids, yesterday said...
Before the pandemic Matshidiso, who originates from Moshupa, was in the business of selling clothes. But then COVID-19 hit, meaning travel was restricted and she could not conduct her business as she used to.Rather than giving up, she brainstormed on...
The MoU focuses on investment, impact assessment, and the beneficiation of Botash products. It serves as the foundation for future binding contracts, detailing the terms and conditions of their joint endeavours.According to the terms of the...
According to the banking giants, its office in China will operate under a wholly foreign-owned enterprise licence.The licensing regime permits the financial institution to provide general advisory services to clients based in China for concluding...
This week, the Botswana Development Corporation (BDC) revealed it has purchased 220 cattle comprising 170 dairy cows and 50 heifers from a local dairy farmer operating in Pitsane. However, the Corporation is still housing the cows at the Pitsane farm...
The MDCB is the state minerals investment agency and government’s chief policy advisor for the sector.At present, mineral royalties payable by mines in the country range from three to 10% annually and are levied on the gross market value of...
She told BusinessMonitor that what sets her business apart from the rest of other fashion brands is commitment to sustainability and zero-waste techniques in the design process. Bakwena also elaborated that they recycle and reuse fabric off-cuts to...
According to the group’s 2023 annual report, during the reporting period, the group’s investment and property portfolio grew by 1.3 percent to P6 billion despite the sale of 138 million less strategic assets during the year. Revenue rose by seven...
The central bank projects that inflation will temporarily trend below three percent, before moving into the three to six percent objective range from the third quarter of the year, into the medium term. Inflation in April is expected to drop to 2.3...
Generally, Botswana is known for its prudent fiscal policy, with excess government earnings being saved or invested in offshore accounts to shield the mineral dependent economy from rainy days. Despite this track record, the government has, in recent...
The reduced level of optimism has largely been attributed to the anticipated deceleration in the growth of exports and imports of goods and services, production, inventories, profitability as well as investment in buildings and plant/machinery. Much...
More than a year ago, South Africa's Chlor-Alkali Holdings (CAH) announced plans to exit its 50% shareholding in Botash, the country's sole producer of soda ash and salt. MDCB, the state-owned minerals investment company, was then appointed...
According to the Authority’s annual report released recently, BOCRA conducted inspections on 169 communication retailers around the country and found 55 of them to be non-compliant, selling devices that were substandard, counterfeit or...
Ngwao Snacks is a thriving business that specialises in making sorghum and millet-based snacks, specifically biscuits. Established in October 2022 by Tebogo Filipo from Molepolole, the entity has quickly gained popularity for its unique and...
Giving the keynote address at the Hospitality and Tourism Association of Botswana (HATAB) annual conference held here last week, he made public the new entity in response to the tourism industry’s concerns about the delays in the provision of...
The Ugandan delegation also included the Permanent Secretary in the Ministry of State for Animal Industry, Kasura Kyomukana, Head of Mission in Uganda High Commission of Pretoria, Professor Paul Amoru, Makerere University's Professor Masembe...
The auction of two treasury bills and three bonds was due to take place on Thursday, according to a notice seen on the central bank’s website at press time on Wednesday.At the auction, the BoB, acting as government’s capital market agent and...
De Beers reported suboptimal sales of rough diamonds, especially in the last quarter, resulting in revenues of $4.3 billion, down from $6.2 billion in 2022.Briefing journalists last week, senior De Beers officials said their forecast indicates that...
Chinese state-powered firm, MMG, has finalised the purchase of Khoemacau for about P25 billion, the largest private-sector transaction to ever happen on local soils.Speaking last week in Maun at a ceremony to mark MMG’s takeover, Moagi said...
FNBB is the country’s largest commercial bank by both balance sheet and number of customers, while also being the biggest property financier through various products including mortgages, refinancing tools, and property loans.The FNBB report...