In its recently released annual report, the PPRA said negotiations between the three parastatals had been concluded, with the exchange of similar sized land. Land transfer processing and approvals for subdivision of the land were still underway as at...
The training programme is conducted in collaboration with the International Trade Centre (ITC) under the framework of the Botswana Exporter Development Programme (BEDP) and will feature modules such as “the Opportunity of Intra-African Trade,...
The bond was issued under the P2billion note programme Absa has listed on the BSE.Sustainable bonds also known as green bonds, provide investors with an avenue to support projects that have positive environmental and social impacts.Speaking during...
The project effectively connects Tlou’s planned generation to the national grid, enabling the Botswana Stock Exchange-listed company to supply the 10MW it has been engaged to do by the BPC to provide to the country.In an update to investors on...
In a market update this afternoon, Giyani officials said the company had secured $10 million (P136 million) in funding from ARCH Sustainable Resources Fund LP, a private equity fund focused on “strategic, long-term investments in natural resources...
In its latest Global Economic Prospects (GEP) report released last week, the World Bank’s researchers added ten basis points to their June 2023 forecast of Botswana's economic growth for the year 2024.At 4.1%, the projected growth is higher...
The young medical practitioner, Dr Betty Mosenye, broke the norm and decided to use her spare time to unearth her entrepreneurial side.According to Mosenye, who is a medical doctor at Princess Marina Hospital, it all started in February 2022 while...
Sources at the blue chip listed bank said unidentified scammers had employed different tactics in an attempt to defraud the bank’s customers over the busy festive season.Such tactics include vishing, phishing, social engineering and card fraud....
The company’s Sales and Relations Manager, Onkemetse Phiri, said the prestigious accolade comes as a testament to the company's unwavering commitment to providing top-notch technological solutions and services in the region."Notably, Hard...
Through its Botswana Export Development Programme (BEDP), which was launched in 2013, the government’s investment arm has provided various interventions to companies to help them reach export readiness.The programme empowers local businesses to be...
Insiders close to the latest developments told BusinessWeek that despite the Gambling Authority (GA) and its preferred bidder, Ithuba Botswana, having completed negotiations almost a year ago, progress towards kick-starting the lottery has been...
Half year results shared with investors on the Botswana Stock Exchange (BSE) this week attribute the profit before tax growth to higher fee and commission income, which witnessed a substantial increase of 105% year on year, primarily driven by the...
Signet, which is responsible for the sale of half of Botswana's diamonds in the retail market each year, shared signals of hope with both De Beers and local media during a round-table last week. Its CEO, Gina Drosos, said the global diamond...
Statistics Botswana figures show annual food inflation dropped from 6.7% in November to 6.1% in December, while inflation associated with transport fell to 1.5% from 2.2%. Annual inflation associated with personal care fell from 8.9% to 7.7%.The...
Two Treasury Bills (T-Bill) were offered in the December 29 auction which capped a period in which the central bank has seen declining yields for the notes it has been floating. The three-month bill, which offered P400 million, received bids worth...
One company that has become a prominent name in the industry is Len Bakeries, which specialises in baking scones, cupcakes, mapakiwa and manufacturing of butter creams.Established in 2013, the business offers diverse products which include ice tea,...
This week during a visit to the De Beers, Gina Drosos CEO of Signet Jewelers, an international jewelry trader said that she is hopeful that once the ban is fully instituted will direct the markets eyes to Botswana hopefully sparking up demand for the...
According to Chief Executive Officer (CEO) Peter Kesitilwe, the robust licensing drive is part of the Authority’s strategic intent of digitizing gaming and gambling as well as enhancing direct economic participation of citizens, new entrants, and...
The trade deficits reported for September and October last year, which are the last available official figures from Statistics Botswana, indicate a collective shortfall of P10.1 billion. Between both months, the single biggest factor has been the...
With a total budget estimated at $6 billion, the underground mine at Jwaneng will be the country’s single biggest project ever by value and, according to Debswana, will create the world’s largest underground diamond operation.On Wednesday,...