The group has found a buyer for Letshego Ghana Savings and Loans PLC, Letshego Faidika Bank Tanzania Limited, Letshego Microfinance Bank Nigeria Limited, Letshego Rwanda Limited, and Letshego Uganda Limited.The deal is valued at about P840 million...
Located in the Tuli Block region, Lucerne Fields has grown into the country's largest carrot producer, supplying between 400,000 and 500,000 carrots to the domestic market every month. The farm's success demonstrates the potential of...
The consultative workshop, convened by the Ministry of Lands and Agriculture in partnership with the Food and Agriculture Organisation of the United Nations (FAO), formed part of an ongoing process to validate and strengthen the draft strategy before...
The review follows the adoption of the National Tourism Policy in 2021 and the subsequent development of the country's 10-year National Tourism Strategy and Master Plan (NTSMP), which sets out a roadmap for sustainable tourism growth and...
For decades, Debswana’s board has resisted pressure and advice from executives to diversify the group’s focus beyond diamonds. Besides investments in insurance, education, and a pension fund, Debswana has largely remained focused on the precious...
Under a section of the Bank of Botswana Act, the central bank is entitled to periodically move funds from the Pula Fund into the Liquidity Portfolio, which is a section of the foreign exchange reserves housing funds required for the country's...
Botala Energy has reached a key milestone at its Serowe coal seam gas project in central Botswana, preparing a crucial production well for testing that will determine whether the project can move into commercial production.The company has completed...
The latest report, released this week, highlights a number of challenges weighing on the country's competitiveness. Amongst these is Botswana's continued dependence on diamonds, which leaves the economy highly vulnerable to fluctuations in...
In a statement, the ministry said the UN team was helping to strengthen Botswana’s capacity and readiness to engage effectively with international credit rating agencies. The engagement comes after both Moody’s and S&P’s lowered the country’s...
South African public servant, academic and anti-apartheid activist, Dr Naledi Pandor has been invited as the guest speaker at the event.The event organiser and also chairperson of The Summit Organisation, Bongani Moyo said the Spring Highlight...
The Financial Stability Council (FSC) said in its latest Financial Stability Report that widening fiscal deficits were forcing government to rely more heavily on domestic funding sources, increasing banks’ exposure to sovereign debt and...
One such intervention is the recently launched National Fodder Strategy, which was developed by the Ministry of Lands and Agriculture in partnership with the Food and Agriculture Organisation (FAO), an United Nations agency. Officials said the plan...
Prime Minister of the mountain kingdom, Samuel Matekane said the two neighbouring states should leverage their diamond resources to build downstream industries capable of generating jobs, skills and export earnings. “Mining has long been a defining...
Fabtech Technologies, a Mumbai, India-based group listed on the National Stock Exchange of India Limited, announced the award of the contract this week, as part of its disclosure obligations.“Under the project scope, Fabtech will deliver advanced...
The Local Enterprise Authority (LEA) recently concluded nationwide consultations on the proposal after the ministry tasked it to gather views and recommendations from stakeholders within the SMME ecosystem.Speaking during a stakeholder engagement...
The group has had to take a knock on the valuation of the Jwaneng hotel as occupancy levels plunge, following another year of poor performance.The hospitality and leisure chain has had to write down the value of Cresta Jwaneng by over P14.1 million,...
The revelation emerged at the inaugural Northern Mining Summit, held in Letlhakane recently under the theme “Unlocking Northern Botswana’s Mining Potential for Sustainable Growth”.Debswana Orapa Letlhakane and Damtshaa general manager,...
Banks are also battling a prolonged liquidity crunch which has required some to temporarily pause lending activities and focus on balance sheet stability.In its May report released this week, the Financial Stability Council (FSC) said annual growth...
The product, launched last week by Hatshe-Lentle Multipurpose Cooperative (HLMC) in partnership with Poso Insure, aims protect farmers and strengthen community resilience while ensuring that local communities continue to benefit from the fruits of...
Hence government interventions fail to help such small enterprises participate and contribute meaningfully to the economy. In a bid to address these shortcomings, Lore Innovator is organising a series of training initiatives aimed at training...
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