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The BTCL posted a 23% drop in pretax profits for the year to March 2023, blaming the drop on the replacement costs for stolen copper cables as well as once-off restructuring expenses. Directors noted that the total impact of copper cable theft...

Petroleum industry veteran and Kwa Nokeng Oil CEO, Mahube Mpugwa, says the citizen-owned company’s ambition is to see Botswana become the region’s most preferred trade and logistics route. In a region where governments are building infrastructure...

Listed and unlisted banks are due to unveil their annual and interim financials in the coming weeks, with several estimates already indicating that profits will be elevated.Bank of Botswana data shows that cumulative after-tax commercial bank profits...

On Wednesday, the Meteorological Services Department confirmed that the dreaded climate occurrence was already building in the skies above the country and was due to reach its strength by the end of the year, affecting the entire rain season.El Nino...

BIHL, the country’s largest and most diversified financial services group, has been generally enjoying an upswing in its share price this year, and before Tuesday, had gained a net 11% on its share price since January.On Tuesday, BIHL gained five...

Local investment professionals reject the criticism that they are too conservative. The debate over changes to the pension fund rules, has been raging for years and at times accusations have been traded between the regulators and the investment...

Last August, the High Court placed FirstCred, formally known as GetBucks Botswana, under judicial management following a period of financial turbulence with part of the troubles involving the alleged mismanagement of hundreds of millions of pula by...

Group CEO, Al Cook said the prevailing economic environment was leading to softer end-client demand for diamond jewellery in key consumer markets. He added that the summer period (in the US) was associated with traditionally lower levels of midstream...

Thomas left office on August 14 after five years at the helm and was replaced by her predecessor, William Lamb, who occupied the top seat between May 2011 and February 2018.Her departure has stoked shareholder debate as the high-flying miner enters...

Known formally as the Pension Fund Rule 2 or PFR 2, the NBFIRA (Non-Bank Financial Institutions Regulatory Authority) statute previously required pension funds to invest at least 30% of their assets locally.Under changes to the Retirement Funds Act,...

The traditional rainfall forecast issued by SADC’s Southern Africa Climate Outlook Forum (SARCOF) around this time of year, is likely to be delayed this year, but local experts aren’t waiting. The Department of Meteorological Services plans to...

For commercial farmers in the Mosisedi area, their troubles with the 2022–2023 season began with the rainfall forecast going awry. Last September, the Department of Meteorological Services had forecast “a moderately wet season over the entire...

Matsake is at the forefront of a new farming technology rapidly gaining traction in the country. Hydroponics involves growing plants without soil, by using water and water-based mineral nutrient solutions.By comparison, rain-fed horticultural farmers...

The developments are the latest in an exhaustive bid to revive Pula Steel, the country’s pioneering steel producer. Pula Steel closed in 2017, just two years after it was built at a cost of P130 million, strained by financial and technical...

Annual inflation dropped to a 35-month low in July at 1.5 percent, from 4.6 percent in June, due mainly to the base effects of higher fuel prices in July last year and the June 20 reduction of pump prices this year.However, annual food inflation was...