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First time vehicle registrations include brand new, second hand and rebuilt vehicles and are an indicator of trends in vehicle uptake in the local market.The figure for the second quarter came off another low of 7,974 recorded in the first quarter,...

The local tourism sector is at the tail-end of its traditional peak season, a high-traffic window running roughly between April and October.This period is preferred by tourists as the dry winter conditions provide for better viewing of various...

Last year, Debswana’s local mines produced 22.3 million carats which at the time represented the highest level since 2019, helped along by a rebound in the global economy from COVID-19 and resurgent demand for the precious stones.By the end of July...

From a brisk start to the fiscal year in which mining, particularly diamonds, helped produce an P838 million surplus in the first quarter, the war in Ukraine, rising inflation and interest rates as well as interventions such as the inflation relief...

Inflation in the half year averaged 10.9%, one of the highest levels in recent years, while additional pressure on consumers’ incomes came from two interest rate hikes the Bank of Botswana effected during the period.On Wednesday, BIHL group chief...

MAUN – The airport here, while smaller than Sir Seretse Khama International, is by far the country’s busiest, with dozens of small planes landing and departing every day to and from the tourist camps.Last year, Maun International Airport...

KASANE – A philosophy developed and promoted by the leadership of Chobe Holdings in the last decade has paved the way for women breaking the ceiling in tourism, moving beyond the laundry room, restaurants and housekeeping, to being guides in the...

The Bank of Botswana (BoB), acting as government’s agent in the capital market, raised an additional P1 billion in debt for the fiscus on August 26, through the auction of three bonds and two treasury bills.The amount raised at the latest auction...

Botswana Insurance Holdings Limited (BIHL), the country’s largest diversified financial services entity, previously incurred running impairments from Letshego over two reporting periods between 2018 and 2019 amounting to P246 million.In the half...

The BoB kicked off the three interest rate hikes it has made this year in April, saying while inflation is being driven by external costs rather than local demand, the rate actions were required to ensure that expectations of higher inflation do not...

Last week the Department of Veterinary Services suspended all livestock movements as well as exports of live cattle and beef owing to the suspected outbreak of Foot and Mouth Disease in the northeast.Yesterday, officials at the Met Services...

Part of the Power Purchase Agreement signed between the Oslo-based group and the Botswana Power Corporation on Wednesday requires that 40% of shares in the company established for the project be awarded to citizens.Scatec is one of the world’s...

The competition, now in its fourth edition, was established by the Jack Ma Foundation and is aimed at aims at supporting entrepreneurs who are not only building successful businesses, but who are also running mission driven organisations that...

One of the world’s leading publications, The New York Times, this week ran an article on Russia’s efforts to prevent the Kimberley Process or any other organisation from labelling its diamonds as “conflict or blood”. Part of the article...

At its latest level, inflation is under a percentage point shy of the all-time high of 15.1% recorded in November 2008.Inflation for the first seven months of the year has averaged 11.39%, compared to 11.41% in the same period in 2008, the year in...