The public real estate company announced to the market in a cautionary noted on the local bourse that it forecast to make a provisional loss of P102 million for the period. The steep downturn is expected to reflect a decline in the company’s core...
He said they have already managed to slow down expenditure by P5.5 billion between November 2024 and June 2025, and would continue consolidating spending to protect the economy from worsening fiscal pressures. “Having successfully slowed spending...
The tourism facility is one of the group’s most iconic hospitality landmarks centrally situated in the city and is within walking distance of major business centres, shopping malls and the city’s attractions. Cresta Marakanelo Limited Head of...
The gathering was held under the theme, “Reimagining Your Business for a Better Future,” and delivered on its mission to equip women-owned Small and Medium-sized Enterprises (SMEs) with practical skills, strategic insights and invaluable...
In the Friday announcement, the Ministry of Trade and Entrepreneurship said the US has cut the diamond rich country’s approved export rate to the American market from 37% to 15%, effective August 7, 2025, under a revised reciprocal tariff...
BPOPF CEO, Moemedi Malindah, told BusinessWeek that the fund was alive to the economic challenges in the country, as well as the need to be more active in stimulating activity that will spur employment creation.“We cannot act as though we are...
For years, the BSE and its partners in the Botswana Bond Market Association advocated for the use of municipal bonds as a viable infrastructure development financing mechanism. Municipal bonds, as used all over the world, are debt instruments that...
In a statement, the union condemned the situation as a deep injustice that has driven many mine workers and their families into severe financial distress.The BMWU said the prolonged non-payment of wages represents not only a breach of contract but...
Engen which operates 71 service or “filling stations” across Botswana, experienced sharp pressures on their margins in the full year 2024 with their pretax profits declining from P193.9 million in 2023 to P111.0 million in 2024, an overall...
A notice to the Botswana Stock Exchange this afternoon indicates that more than 99% of the shareholders present at an Extraordinary General Meeting convened for the transaction yesterday, voted in favour of the deal.Under the terms of the...
Figures released by Statistics Botswana last week, confirm a trend analysis showing that higher numbers of vehicles, mostly used, are being purchased and registered in the country.While the first time registrations dipped between the fourth quarter...
Speaking ahead of the Intra-African Trade Fair (IATF2025), he emphasised that accelerating intra-African trade was critical to unlocking the continent’s industrial potential and strengthening its global competitiveness. “When African nations...
Kemorwale will be at the helm, tasked with steering the organisation during a turbulent period marked by allegations of mismanagement.Before his appointment, Kemorwale was the Authority’s Chief of Staff, a position he held while working closely...
In their latest economic review, economists at Econsult forecast that gross domestic product growth for the year will fall within a range of -1% to 0%, meaning either a marginal contraction or, at best, stagnant output. While this would represent an...
According to officials, this year’s event will broaden its focus to include agro-processing as a key driver of agricultural value addition, youth empowerment and job creation. It will be held under the theme, ‘Shaping the Future of Botswana’s...
The diamond company stated recently that companies supported by the Tokafala Enterprise Development Programme have raised more than P36.4 million in funding from various development finance institutions. The figure exceeded the scheme’s original...
The countries foreign exchange reserves reached $3.5 billion in April in comparison to record highs of $10.3 billion in 2008. This steep downfall has meant that the country’s fiscal planners have less wiggle room to sell the pula and buy other...
RDC Properties closed an initial offer to PrimeTime shareholders on August 1 and this week announced that those who expressed interest in participating were less than the 44% equity stake it was seeking in the rival firm.“As of the initial closing...
The group, which is one of South Africa’s largest retailers, recently received local approval for the 100% takeover of NTS Holdings, the company that had been operating Pick n Pay supermarkets and liquor stores in the country for over a decade...
The losses, which affirm the protracted slump in the market, are not a sign of a tougher future, according to De Beers.The group’s financials have been under pressure as the global diamond market has been facing steep headwinds driven by...
Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.
