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The numbers compare to volumes of 251,781 tonnes and P62.3 million in the fourth quarter of last year. The improvement bodes well for Botswana Railways, the national rail carrier which has struggled to break even or move into surplus for several...

Rather than a one day celebration, Debswana has chosen a three-month campaign for its 55th, which will be anchored on story-telling by employees and other stakeholders on how the diamond company has touched their lives.The anniversary’s theme is...

The energy storage system, a key project under government’s Integrated Resource Plan (IRP), will support the wave of renewable energy generation in the country, allowing “smooth integration” in the national grid.In a statement, the World Bank...

Earlier this year, in its World Economic Outlook, the IMF had projected 3.6 percent growth for Botswana in 2024. Government at the time of the February budget speech projected a 4.2 percent expansion, but the Bank of Botswana recently said this would...

As bad as the diamond numbers are, some analysts on the retail end of the spectrum are seeing some positive signs.And the retail end is where the light is required. The slump that caused a 5.3% contraction in the economy this year, largely traces...

According to the 2024/25 forecasts from the Finance Ministry, mineral revenues were expected to provide about 27% of budget revenues for the financial year, at an estimated P25.2 billion. Mineral revenues comprise taxes, royalties and dividends on...

Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in June owing to base effects particularly associated with transport.In the 12 months to June 2024, the single highest increase in average prices has been in...

Directors say the move, which could involve P250.1 million for 217 million shares, would also be a signal to investors that Letshego has excess capital and is “therefore attractive to other investors that they should invest in Letshego”. This...

A half-year trading report released by the bourse this week indicates that the market capitalisation of firms listed on the Domestic Companies Index (DCI) rose from P42.9 billion on June 30 last year, to P50.3 billion on June 30 this year.Average...

The United States may not directly admit it, but to a great extent, the world’s most powerful military believes part of the reason it is losing allies in areas like West Africa, is because geopolitical rivals, particularly Russia, have amped up...

As at December 2023, Access Bank PLC held 78.15% equity in the local bank, a stake acquired through the purchase of ABC Holdings’ equity in early 2021. Over the two deals last week, Access reduced its direct shareholding in Access Bank Botswana...

The US is battling to recover lost influence in parts of Africa, as Russia – in particular amongst the rival superpowers – makes inroads in terms of strategic alliances on the continent. The US has agreed to Niger’s demands to withdraw from the...

Joshua Sibonge, the chairperson of the Green Finance Mainstreaming Working Group, has a delightfully compact and enlightening explanation of why sustainability needs to be incorporated into the country’s budgeting process.As a principal economist...

Since at least 2020 when government dug deeply into the reserves to finance the COVID-19 budget response, the central bank has been advocating for a portion of the savings to be set aside or “ringfenced”. The Pula Fund, which houses the...

Afreximbank, the pan-African trade bank with assets of nearly $40 billion, is championing closer trade and economic ties between Africa and the Caribbean. Recently the Bank took its annual meetings to The Bahamas where more than 30 African and 12...