Addressing the media during a tour organised by the Botswana Investment and Trade Centre (BITC), van Rooyen exuded confidence in the farm's readiness for both local consumption and international export markets. Situated in the fertile expanse of...
Maroon Capital, owned by Israeli investor Gilad Shabtai, will be required to recommence operations at the mine, potentially bolstering the local economy and employment opportunities. The mine, previously owned by various international firms, is...
Under amendments to the Retirement Funds Act, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) mandates pension funds to raise their domestic holdings to a minimum of 50% of their total assets, progressively between 2023 and...
Masama’s new mining contractor, Meropa Resources, a wholly citizen-owned mining contractor, is currently mobilising while mining operations restarted in February this year.Minergy’s operations were temporarily stopped last March after a dispute...
PaPa Joe's was founded in April 2017 by the middle-aged woman Ngobeni, who hails from Serowe. Initially based in Botswana, the business faced a major setback when government imposed a vegetable importation ban in the country in 2021.The company...
RERA’s annual conference took place over four days in Gaborone last week, in the backdrop of the ongoing global debates on the optimal use of energy sources especially around coal which has been snubbed by the global community. Delegates at the...
Speaking at the Regional Energy Regulatory Authorities of Southern Africa conference last week, Easigas country manager, Gaone Abotseng, said the industry was hoping to partner with government in order to expand usage to rural areas where the gas can...
Bids closed on Thursday and on Tuesday, a senior BOL executive hinted that a healthy number of firms had submitted expressions of interest ahead of the February 29 deadline.“We have received quite a number of companies expressing interest, wanting...
Figures disclosed by Agriculture Minister Fidelis Molao in Parliament this week, reveal that local output constituted approximately 10% of national demand last year, a decline from the previous average of 12%.Despite an improvement in milk...
The auction on February 23 saw bids worth P1.2 billion for a P400 million, three-month Treasury Bill (T-Bill) and bids worth P1.9 billion for the P450 million offered under the six-month T-Bill.The three bonds on offer, with maturities ranging from...
De Beers reported suboptimal sales of rough diamonds, especially in the last quarter, resulting in revenues of $4.3 billion, down from $6.2 billion in 2022.Briefing journalists last week, senior De Beers officials said their forecast indicates that...
By the last estimates, Southern Africa’s had an electricity deficit of more than 10 gigawatts and is also largely dependent on imports for other forms of energy such as petroleum. While coal is abundant in the region, its burning is associated with...
The journey of the seasoned potter with over 32 years of experience in studio pottery, began when he was introduced to the art form by his teacher at secondary school. His passion for creating pottery pieces led him to train and work as a potter at...
The diamond miner’s sales fell through the cracks of a depressed diamond market that has been undergoing steep downturns.Total revenues for the year totalled P2.4 billion compared to P2.9 billion recorded in 2022. The weak sales performance comes...
Those residing in areas like Mabalane, Sikwane, Mmathubudukwane, Ramonaka and Malolwane have expressed joy and relief at finally having access to a reliable power source.Following the launch, transmission will be transferred from the South Africa’s...
Responding to a question on impediments in the way for entrepreneurial successes in Botswana, Entrepreneurship minister Karabo Gare admitted that indeed there were hindrances faced by business owners.“I am aware of various impediments in the way of...
Johan Janse van Vuuren, the project’s Operations Manager, conveyed to Businessweek on Tuesday that this harvest would signify Botswana's first-ever citrus exports. The initial harvest will feature lemons, followed by oranges, grapefruit, and...
The central bank has generally maintained an accommodative monetary policy stance for years, only breaking the trend in 2022 when 14-year high inflation forced interest rate hikes of 151 basis points.The looser monetary policy stance is aimed at...
Non-interest income has been a star performer for FNBB over the years, as the bank has reaped the dividends of its heavy investment in fintech innovation.In the six months to December 2022, FNBB’s non-interest income grew by five percent to P757.3...
In the Global Risks Report 2024, a survey of business and economic experts from around the world highlighted steep economic hurdles lying ahead for the world in the next 10 years, as a culmination of environmental risks, geopolitical tensions, and...