Author

According to a notice yesterday, during the closed period, members of the board, management, and staff are prohibited from dealing in any manner, directly, or indirectly in the company’s securities.The latest developments follow a protracted...

Should the company’s plans come to fruition, Bandari ya Pombe will be the country’s third alcohol producer after Kgalagadi Breweries Limited and Okavango Craft Brewery.Another microbrewer, Big Sip, is under liquidation after closing shop last...

The fund had grown to P93 billion by December last year, before retreating to P90 billion at the end of the financial year due to instability in invested markets.“From April to now, we have had pressures such as higher global inflation and it’s a...

The BPC’s has asked the Botswana Energy Regulatory Authority (BERA) to approve two consecutive tariff increases of five percent each for the 2022–23 and 2023–24 financial years.The Corporation is citing below cost-reflective tariffs, pressure...

To use American slang, the economy, which includes business activity, employment creation and the collective aspirations of Batswana, cannot seem to “catch a break”.The boom economy which stretched from the late 1990s to the late 2000s with...

The exports in the half-year to June 30 compare favourably to the P38.1 billion full-year sales figure for 2021, which in turn represented the highest level since 2016.Debswana sells 25% of its production to state-owned diamond trader, Okavango...

The IFC will channel the support via a loan to Peo Finance, a micro-finance company which is a wholly-owned subsidiary of Capricorn Investment Holdings Botswana. Capricorn Investment is in turn, majority owned by Namibia’s Capricorn Group, which...

The latest revelations are contained in the BoB’s Business Expectations Survey (BES) released this week which samples the opinions of a cross-section of firms about the business environment from the second quarter of the year and beyond.In raising...

According to the central bank’s 2021 Annual Report released last week, by the end of last year, the BoB held P9.1 million in bonds and P147.6 million in equities in Russia.However, following sanctions against Moscow by the United States, the...

In a statement earlier today, Authentix said the new contract covers the marking and digital tracking of an estimated 500 million product units per year.The track and trace system involves placing a biometric imprint on all alcohol and tobacco...

What do Reese Witherspoon and Taylor Swift have to do with the debate around conservation and trophy hunting in Southern Africa?From the early 1970s to the 1990s, Mark and Delia Owens, an American couple, travelled to and lived alone in the...

In its economic briefing on Wednesday, Mmegi was able to put several questions to Bank of Botswana (BoB)’s senior management on the impact of the sweeping amendments to the Bank of Botswana Act made by Parliament earlier in the week.The amendments...

The new amendments passed without a single objection by bipartisan legislators, also include tighter restrictions on the conditions under which government can borrow from the BoB.The changes also include improved corporate governance at the central...

At the recent funders’ conference called by government to test the private sector’s appetite to invest in public infrastructure, Finance Minister Peggy Serame painted a bleak picture of the country’s fiscal future.According to Serame, between...

The rate of inflation in June compares to 11.9% in May, which was similarly a 13-year high.“Applying a significant upward pressure on the annual inflation rate in June 2022 were the increasing prices for the major components in the Consumer Price...