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...
FNBB is comfortably the country’s biggest bank by all metrics, boasting a customer base of more than 700,000 and a loan book of P20.6 billion as at June 2025. For the year to June, FNBB’s pretax profits rose six percent to P1.9 billion, defying...
Listed companies are expected to begin reporting their interim and full-year results this month, and already, several major counters have announced that they expect lower returns. Absa Bank Botswana expects its pretax profits to be down by as much as...
The fourth edition of the Intra-African Trade Fair (IATF) wraps up this week with the continent’s leaders discussing the way forward in using trade to power growth in Africa.The goal is to build resilience, safeguard collective interests, and...
Latest numbers from local data agency, Statistics Botswana, show that from July last year to March of this year, the prices of diamonds, soda ash, and coal have been on a freefall, with local miners getting less and less value for their minerals in...
The recognition came during a special innovation competition held on the sidelines of the ongoing Intra-African Trade Fair (IATF) in Algiers, Algeria.Nubian Seed is a local brand known for producing natural cosmetics and personal care products,...
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