According to the apex bank, at its sitting the BoB’s Monetary Policy Committee (MPC) decided to reduce the Monetary Policy Rate (MPR) by 25 basis points to 2.15%. The move means that borrowers on variable rate loans such as personal and credit card...
This was revealed by representatives of various companies who gathered for the recently ended Future of Mining Summit. Going forward, many mining companies are now setting their eyes on international shores to expand their nets and get more customers...
Directors revealed the company has already made significant strides by launching their operations in that country earlier this year. "We are busy working on expanding into South Africa," Alpha Direct CEO and co-founder, Arun Iyer said. He added:...
As the agriculture sector has been tipped to be one of the ‘golden’ industries in Botswana, NARDI and BAMB, two institutions under the Ministry of Agriculture (MoA), saw it befitting to liaise together towards ameliorating the industry. During...
After a hiatus over the pandemic, the innovative entrepreneur is now preparing to re-enter the American market, marking a significant milestone for his business and donkey milk production.Visagie told BusinessWeek recently that they produce donkey...
At the Future of Mining Summit this week, Minister of Minerals and Energy Lefoko Moagi said that the de-merger decision by Anglo has excited the government, which will tussle to protect its shareholding and up its stake in De Beers.“It’s about...
The Canadian firm executives revealed in a statement recently that the capital raise was conducted through a private financial instrument where current investors are offered shares at a fixed rate. The above market expectation performance signals...
Debswana Orapa Letlhakane and Damtshaa Mines (OLDM) general manager, Mogakolodi Maoketsa, revealed this on Tuesday during the launch of a Small, Medium and Micro Enterprises (SMME) grant in Orapa. The grant, delivered under a Memorandum of...
Currently, the course is attended by employees from all Debswana operations. Senyane said the launch of the course is a message from the leadership of Debswana that the company is committed to continuously empowering its employees for them to be...
Drawing inspiration from the Baobao tree known locally as ‘mowana’, which he grew up eating at home, Modongo is transforming this revered tree into a range of unique and healthful products. Amongst his products, he makes such delicacies like...
The project, which commenced with Phase I in August 2023, has swiftly progressed to Phase II, in the process creating 400 new jobs and connecting hundreds of additional businesses across Gaborone. The Metro Ring now links all key business centres in...
The figures revealed that the value of diamonds sold by the diamond mining company, which is owned 50/50 by De Beers and Government of Botswana, in the first three months of the year slowed to P7.6 billion from P14.1 billion over the same period last...
According to the borrowing strategy document for 2024–2025 released recently, the central bank plans to raise P15.25 billion from the capital market this financial year on behalf of government. By comparison, the BoB was authorised to raise P7.05...
The BDC is the state investment agency primarily charged with economic diversification through investments and partnerships with the private sector. The corporation was allocated about P500 million in the current financial year for recapitalisation...
In its latest update, the Financial Stability Council (FSC), made up of the Bank of Botswana, the Non-Bank Financial Institutions Regulatory Authority, the Financial Intelligence Agency and the Finance ministry, said there is a growing threat to...
The new contracts will not be sought through open tender, but rather through suppliers already on BOL’s database and who have undergone due diligence, the organisation’s general manager for supply, Onkutule Masima, told a recent webinar.“We...
The BPOPF, which is the country’s largest pension fund, held 38.8% of RDC Properties as at December, being the single largest shareholder. The pension fund also held nearly 33% of PrimeTime as at August last year, being the largest shareholder as...
Ninety-One Botswana managing director, Martinus Seboni, told BusinessWeek that more businesses were moving away from the traditional funding sources for the expansion. The asset manager is part of a global group with assets under management of about...
Synfuels China, a major oil refiner with operations in China, Mongolia, and Taiwan, presented this week to a technical team of local research institutions and investment agencies.Officials from Synfuels said the CTL project will involve uphill costs...
In a statement, the group said the birthday’s theme was 'More Than Diamond Mining' and the birthday month would feature various events to celebrate and commemorate. Debswana spokesperson, Matshidiso Kamona, said the theme encapsulates...
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