Under the move, the G7 wants all global rough diamond production shipped Antwerp for certification that the stones are not of Russian origin, something described by Minerals and Energy minister, Lefoko Moagi, as “market swallowing”.The G7 or...
Figures released late last month by Statistics Botswana also indicate that the September deficit of P3.9 billion was revised deeper to P4.5 billion. Both the September and the October deficits are the first recorded in 2023 and are directly linked to...
According to the magazine, the awards recognise officials that have best managed to stimulate growth and stabilise their economies. The annual awards select outstanding Finance Ministers from across the globe.The Banker’s editors noted that...
In a statement, the Finance Ministry said the weighting of the Pula against the basket of currencies would be maintained at 55 percent Special Drawing Rights currencies and 45 percent South African rand. The International Monetary Fund’s Special...
The first jab at the diamond market landed when the largest economy in the world, the United States of America (USA) wobbled and since then it has been a gloomy road for diamond sales.De Beers, the world’s largest diamond producer by value, reached...
BSE hits recordThe Botswana Stock Exchange’s flagship platform, the Domestic Companies Index (DCI) was the talk of the town this year, cruising towards a share price performance last seen 10 years ago. As at mid-day Wednesday, the DCI was up 15.4%...
The original 60MW plant, to be built between Selebi-Phikwe and Mmadinare by June 2024, was the largest renewable procurement signed off by government. Government and Scatec officials signed a binding 25-year Power Purchase Agreement (PPA) in August...
The facility, to be located along the Trans-Kalahari Highway a few kilometres from Gantsi, is meant to strengthen the security of fuel supply in the western part of the country. BOL officials revealed that while the international threshold for a...
In a notice to investors on the Botswana Stock Exchange (BSE) today, BTCL directors said Pheko would leave with effect from December 31. He has been a non-executive director in the corporation since 2018 and will also be leaving that position on...
The rate of change in prices has been on an upward movement since the advent of COVID-19 when supply chain channels were disrupted and since then countries like Botswana have arms up against the price monster.The central bank this month pegged...
Despite government’s efforts through policy interventions and ramped up funding opportunities, SMMEs growth and survival rates have been plummeting with many of them protracted to playing only in the informal sector.An evaluation of SMMEs...
Under changes to the Retirement Funds Act, local pension funds have until December 2027 to invest a minimum of 50% of their assets domestically, a figure that as at August translated to P16.3 billion being repatriated from offshore. Known formally as...
Briefing editors last week, MDCB executives said the investment firm currently had a P7 billion portfolio and was keen to add more assets as part of a strategy to grow the company into Botswana’s largest investor and a significant contributor to...
The central bank last week shaved interest rates by 25 basis points from 2.65 to 2.4 percent, a move that means borrowers on variable rate loans such as personal and credit card loans, will enjoy a decrease in their repayments. Consumers intending to...
Figures from the Ministry show that the surplus in the first quarter of the 2023-24 financial year, a period which covers the months between April and June, was powered largely by Southern African Customs Union (SACU) receipts and mineral...
In a notice to the Botswana Stock Exchange, the Corporation noted that the improved performance was powered by rental revenues, which rose by P30 million to P169 million. The rental revenues were in turn supported by a P29 million subsidy from...
Vula is a purified water bottle company operating in Selebi-Phikwe. Despite being a young company with operations that started in August this year, it has muscled its way into the market, asserting itself as a force to reckon with in purified water...
In an interview with Business Monitor on the sidelines of a bell ringing ceremony last week, United Capital chairperson, Chance Kabaghe said the company is exploring an equity raise on the BSE depending on whether the bond capital float proves to be...
Delivering the Authority’s annual report overview last week, CCA CEO, Tebelelo Pule said consumers in the country are at risk of unfair business practices that emanate from practices that are not in line with fair business. This, according to Pule,...
The feat has garnered attention not only within the industry but also from the highest office in the land, as Chobe Holdings’ Group Managing Director, MC Odumetse, recently showcased the eco-initiatives to President Mokgweetsi Masisi.During the...