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A high powered team from the Cairo-headquartered bank spent days in the country two years ago hammering out the details of the proposed funding, which was intended to be spread out over three years.However, no firm ground could be found, with reports...

Growth narrowed to 2.7% last year from 5.5% in 2022, due largely to a downturn in diamond mining in the second half of 2023, as global uncertainties and market issues dampened the retail market.During a briefing on Tuesday, the Bank’s director of...

Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in May owing to base effects associated with the movement of prices in the corresponding period last year.Statistics Botswana’s data analysis revealed that...

In an announcement to investors via the Botswana Stock Exchange (BSE), BTCL directors said pretax profits for the year were expected to be between 32% and 37% higher than the P148.5 million recorded in the year ended March 2023. The results are due...

The Nigerian industrialist, with a net worth of nearly $14 billion, told the Afreximbank Annual Meeting (AAM) taking place here that he needs 35 visas to travel around the continent, an impediment to his plans for investment. Dangote’s comments...

According to the borrowing strategy document for 2024–2025 released recently, the central bank plans to raise P15.25 billion from the capital market this financial year on behalf of government. By comparison, the BoB was authorised to raise P7.05...

The new contracts will not be sought through open tender, but rather through suppliers already on BOL’s database and who have undergone due diligence, the organisation’s general manager for supply, Onkutule Masima, told a recent webinar.“We...

Ninety-One Botswana managing director, Martinus Seboni, told BusinessWeek that more businesses were moving away from the traditional funding sources for the expansion. The asset manager is part of a global group with assets under management of about...

In a statement, the group said the birthday’s theme was 'More Than Diamond Mining' and the birthday month would feature various events to celebrate and commemorate. Debswana spokesperson, Matshidiso Kamona, said the theme encapsulates...

Speaking recently at an ESG roundtable, acting CEO, Kopano Bolokwe, said the guidance has been developed in partnership with the Global Reporting Initiative (GRI) and is structured around recent developments in global disclosure standards.These...

The DPSM senior assistant director for the Compensation and Benefits Unit, Tshokolo Timothy, told Mmegi the conduct was “very unfortunate and regrettable”. The comments come amidst an upsurge of complaints from small hospitality players in...

The annual JCK Show is one of the diamond world’s biggest calendar events and this year attracted about 30,000 delegates from across the value chain of the industry. Botswana for the first time established a booth at the show, while Masisi took the...

Mmegi: Your initial thoughts on the draft bill?Moepeng: I have read the draft Bill and I must say it is a step in the direction, except for a few amendments that are needed to enhance it as already expressed by industry practitioners at the recent...

Briefing journalists at the airport in Gaborone on Wednesday ahead of a flight to the JCK Show in Las Vegas, Masisi said he was seeking first-hand assurances.“The reason for travelling (to Las Vegas) is to go and get that first hand from the...

Speaking at a stakeholder update recently, OWS caretaker managing director, Joe Matome, said from the Expo where 110 vendors gathered in Maun, the tourism group had already welcomed many onto its supplier database for procurement and engagement.He...