Author

One story dominated all others in the discourse about the economy this year and with good reason. Unlike other economic topics which often involve technical jargon that limits discussions to those “in the know”, inflation or the cost of living...

The request for additional funding comes after Serame had, in her February budget speech, said her ministry would not be inclined to accept any supplementary budget requests this financial year.“The recommended supplementary estimates meet the...

Masisi, some Cabinet ministers, and senior government officials were in the American capital for the US Africa Leaders Summit called by President Joe Biden involving more than 40 other African heads of state.Masisi gave a lecture at the Brookings...

At the recent global COP27 climate summit in Egypt, the EU reportedly drew a line in the desert sands.The world’s most influential body politic threatened to walk out of the Egypt talks in frustration over weak climate commitments, including...

"The Summits are the premier platforms to bring together African heads of state and other senior U.S. and African government officials with top African and American senior business executives," reads a statement from the Council. "The Summits address...

The central bank raised interest rates three times this year in response to climbing inflation, sparking outrage from ordinary Batswana.From 14.6% in August, which represented a 14-year high, inflation has since declined to 13.1% in October, as...

Much of the losses in pension funds this year are associated with investments in the international tech sector, where downtrends in global giants such as Facebook, Apple, Amazon, Netflix and Google (known as FAANG) have led market turbulence.Last...

The African Development Bank (AfDB) separately says its board has approved a $179.7 million (P2.3 billion) loan to help Botswana “restore post-pandemic fiscal stability and economic recovery”.While the AfDB loan is the second tranche of a...

For this year, Lucara executives expect revenues to range between $195 to $225 million (P2.5 billion to P2.9 billion).In a notice last week, the diamond company’s president and CEO, Eira Thomas said up to 425,000 carats were expected to be...

Implementation challenges have dogged government for decades, costing the country billions of Pula in direct and opportunity costs, but more importantly denying citizens of services and forestalling their economic aspirations.At its heart, poor...

At the November 25 auction, three of the four notes offered by the Bank of Botswana (BoB) to bidders recorded increases in their stop yields of just five basis points or less. However, the yield on the six-month treasury bill rose by 37 basis...

In a recent announcement, the Minerals and Energy ministry confirmed that Jindal had beaten other shortlisted firms, who include Minergy Limited and Sese Power, to a contract which is conservatively estimated at more than $1 billion (P12.9...

According to an appendix to the draft Transitional National Development Plan, government intends to spend P260 million rebuilding the road in 2023-24 and another P320 million in the 2024-25 financial year.The transitional NDP, which has been tabled...

United Nations Climate Change High-Level Champion's special advisor, Bogolo Kenewendo, reports that at the Sharm El Sheikh, Egypt climate change summit, a trend was seen amongst some of the activists.“There is actually a badge that has been...

The loan will be the second and last in a series which produced the $250 million (P3.2 billion) funding in June 2021, a rare instance of direct budget support from the World Bank to Botswana. Both sets of funding are known as “development policy...