Recently, the country’s largest diversified financial services group, Botswana Insurance Holdings Limited (BIHL), attributed the sustained trend of low insurance penetration levels to a rise in consumerist behaviours like betting and gambling....
The local financial market has been weighed down by a liquidity crisis since last year, mainly owing to reduced government spending amidst the prolonged downturn in diamonds.Private credit, meanwhile, which involves non-bank entities such as pension...
Speaking at the World Savings and Retail Banking Institute (WSBI) conference, Gaolathe said that whilst Botswana has long set its bold aspirations for economic transformation, the challenge has consistently been translating those ambitions into...
The Botswana Stock Exchange (BSE)-listed bank is now in the process of evaluating proposals from potential buyers — a move that marks one of the final steps in a divestiture first flagged in late 2024."The board wishes to inform the shareholders...
The listed BIHL, which is a diversified entity that owns Botswana Life Insurance Limited and Botswana Insurance Fund Management (BIFM), said some retail clients whose revenues are dependent on government contracts have struggled to keep up with...
IATF2025 is projected to generate trade and investment deals worth over $44 billion, further cementing its reputation as Africa’s premier business and trade marketplace.The Government of Algeria has rolled out extensive logistical and hospitality...
The Business Expectations Survey (BES) for the second quarter of this found that long-term expectations of the business environment are skewed to the downside, with the main worries fuelled by the government's limping revenues and spending.The...
Speaking at a media briefing on Tuesday, BVI CEO, Andrew Madeswi, said the ageing plant had become a significant operational challenge, both in terms of compliance and maintenance costs.“Our equipment is very old, and its parts are no longer...
When addressing the ongoing council meeting this week, TDC chair, Neo Sefume, said that with the challenge of scarce resources, there was need for the local authority to formulate a strategy for income-generation by forming its own investment...
Vice President Ndaba Gaolathe, who is also the Minister of Finance, is currently in Tokyo, where he sold the country’s ambitions to the Asian economic power. In an endeavour to navigate the country from reliance on diamonds, Botswana has invited...
President Duma Boko last week penned a sweeping $12 billion (about P160 billion) investment package from Qatar’s Al Mansour Holdings in a landmark investment deal for the government that will also assist in the much-needed job creation. The...
The company boasts a fleet of brand new Toyota GD6 Hilux vehicles, designed and equipped to handle Botswana’s rugged terrains whilst ensuring comfort and reliability.The founder’s inspiration came from a simple observation. Narrating his journey,...
The recently released Business Expectations Survey (BES) by the Bank of Botswana noted that expectations had remained the same as in the first quarter, with businesses expecting a downward movement of the economy beyond Q3. “Firms were optimistic...
The central bank now expects inflation next year to average 5.9 percent, up from the 4.6 percent forecast in June.Speaking at a briefing held after the August Monetary Policy Committee meeting last week, BoB governor, Cornelius Dekop, said the...
“We have been lobbying and discussing with our partners around the world on what is needed for differentiation. “As we were busy engaging partners, we also realised that our legal framework here needs a lot more tweaking to accommodate the...
The project will be undertaken in partnership with an established private real estate company and will be held under a Special Purpose Vehicle (SPV) in which JTTM will participate as a shareholder. The mall is expected to serve as a key commercial...
The company reported a 38% rise in revenue to $5.6 million, supported by a 14% growth in volumes underpinned by the government subsidy programme and an effectively executed sales strategy. This drove a 60% surge in profit-after-tax to $0.9 million.In...
According to BERA, the decision follows performance monitoring which revealed that only a limited number of licensed companies are actively importing petroleum products, despite the large number of licences issued since the authority commenced...
Local consumers have continued to swim against the global trend of online shopping with other financial datasets showing that consumers continue to prefer to deal in cash for purchases.A household ICT study conducted by Statistics Botswana depicted...
“We continuously have consultations with commercial banks to discourage interest rate changes which are counter to monetary policy stance and economic situation, as well as other stakeholders to address unwarranted price increases,” Governor...
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