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The track and trace system involves placing a biometric imprint on all alcohol and tobacco products as they are manufactured or imported into the country, allowing the BURS to check that the correct tax revenue is being paid and that the products are...

Earlier this year, Authentix, a Texas-based authentication firm, was chosen by the Botswana Unified Revenue Service (BURS) to provide a “fiscal marking and inventory solution,” under a 10-year contract for a service known informally as 'track...

The cream of South Africa’s farming industry met on Thursday in Pretoria discussing challenges affecting the industry. While not appearing on the agenda and not mentioned officially by the speakers, the matter of the ban on certain horticultural...

According to the Banking Supervision Annual Report 2021 the BoB released recently, penalties of nearly P86,000 were made against three banks for violations, while another bank was asked to show cause why a fine of P100,000 should not be levied...

Last October, the IMF’s eagerly anticipated report, the World Economic Outlook (WEO) projected the local economy would expand by 4.7 percent this year, before cutting this to 4.3 percent in April due to the effects of Russia’s invasion of...

With P70.7 billion or 61% of the country’s pension funds invested offshore as at May, the local bourse believes an opportunity exists for these funds to return home and help meet the country’s sustainable development projects, including those in...

The achievement by the six-month old Revolution for Prosperity (RFP) is a rare occurrence in a country where fragile political coalitions have caused political instability and violence in recent years, occasioning the intervention of SADC and...

according to a report emailed this week, the BSE recorded equity turnover amounting to P882.3 million between January and September 30, representing a 91% increase from the same period last year and a 64.3% jump from the corresponding period in...

In a notice on Tuesday, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) said it had issued a licence to Yellow Card Botswana, the African exchange’s local unit.Under the Virtual Assets Act, passed in February, any operator...

In a statement accompanying the group’s results for the half year ended June 30, directors said BBS Ltd was finalising approval of its commercial banking licence with the Bank of Botswana (BoB).The group previously declared a closed period from...

An Extraordinary General Meeting (EGM) on the matter is due to be held on October 25 in Gaborone.The homegrown group, which boasts a presence in 10 other African countries, has seen its share price fall by a net of nearly eight percent since January,...

As the primary interface between government and communities, various local authorities across the country, particularly in rural areas, shoulder a huge burden of expectations.However, as part of its belt-tightening exercise, the Finance ministry...

The often-repeated allegations of expensive flights, fancy dinners, gifts and bribes paid by influential NGOs to African delegates in exchange for support against ivory trade proposals are resurfacing ahead of the key Convention on International...

In a response to Business Monitor enquiries recently, the regulator revealed that it had allocated 5G radio spectrum to the country’s three mobile operators although thus far, only one has launched the advanced connectivity.Mascom, the country’s...

While the situation remains “volatile and unpredictable,” Defence and Security ministry officials said the multi-dimensional approach would be used alongside the military in calmer areas, while forces remained on high alert.Since their deployment...