Author

Speaking on Wednesday at an economic briefing for journalists, Governor Moses Pelaelo said the central bank had essentially put the brakes on the initiative.“We found that it’s very complex and expensive to do,” he said in response to...

BusinessWeek has established that senior officials from the ministry are scheduled to visit the coastal country soon for an on-the-ground appreciation of the project, as part of assessing the offer to invest.Botswana consumes approximately 100...

Experts at the African Tax Administration Forum (ATAF) acknowledge how unbalanced the entire situation appears. For a continent that has perpetually been an after-thought to the initiatives from global powers, the latest initiatives around global...

The gang is believed to be responsible for a surge in fake notes this year, where the Bank picked a staggering 3,214 counterfeits between January and June, compared to 917 for whole of last year. The most affected currency is the P200 notes. "In...

As an IPP, Jindal will carry the costs of building the power station, running and maintaining it, while selling the power to the Botswana Power Corporation (BPC) under an agreement known formally as a Power Purchase Agreement (PPA).The PPA for the...

In a statement on Friday, PNRB said Mphathi’s departure was part of organisational changes to the executive management team.Beginning three years ago, with Mphathi at its helm, PNRB took over the Selebi and Selebi North shafts which represent two...

An IMF team, led by Luc Eyraud, division chief in the IMF African Department, visited Gaborone between July 4 and 14 and held discussions with various monetary and fiscal authorities.In a statement made available after the visit, Eyraud said the...

TransUnion and its research partner, Dynata, surveyed 401 adults residing in Botswana between May 5 and 22 using an online research panel method across a combination of desktop, mobile and tablet devices.To increase representativeness across...

In an update this week, the company said several technical challenges were behind the updated capital costs and production timelines, which had also impacted revenue forecasts over the period.Karowe, situated near Letlhakane, has become world-famous...

An IMF team, led by Luc Eyraud, division chief in the IMF African Department, visited Gaborone between July 4 and 14 and held discussions with various monetary and fiscal authorities.In a statement made available after the visit, Eyraud said the...

Delegates in the group included chief investment officers and other decision makers from institutional investors such as Bank of America Securities ($1.5 trillion in assets under management), Mercer ($380 billion) New York City Board of Education...

The continental bank’s board approved a $7.88 million grant (P105 million) to the Africa Energy Transition Catalyst (AETC) programme, which aims to increase renewable energy generation across the continent.“The AETC programme sets out to conduct...

Assistant Agriculture minister, Molebatsi Molebatsi, recently said farmers would be restricted to exporting two live cattle each between July and October, then one each between then and December, when the exports would end.“Previously when the...

Established in 2006, DTCB has been limited to only sorting and valuing stones from Debswana, before selling these to De Beers and the state-owned Okavango Diamond Company.In the years since its establishment, DTCB’s operating position has tightened...

State-owned diamond trader, the Okavango Diamond Company (ODC), recently saw the weight of its responsibilities transform from independently selling a percentage of Debswana’s production, to carrying the collective aspirations of the country for...