Author

At a time when the world is retreating from multilateralism and pushing back against globalisation, Africa and its Diaspora are mounting a historic attempt to forge closer economic, trade and cultural ties.Separated by thousands of kilometres of the...

The level of external public debt owed by African governments reached $1.2 trillion last year (P16.3 trillion), driven by the impact of the global financial crisis of 2008, the COVID-19 disaster, slowing growth, rising interest rates and the urgent...

The April deficit is the eighth successive month of shortfalls in the country’s merchandise trade balance, the measure of exports and imports of goods. Statistics Botswana revised the March deficit to P363.7 million from an initial estimate of P2.5...

FCB Botswana is part of the FMB Capital Holdings, a Malawi-born but Mauritius headquartered financial group with other operations in Malawi, Mozambique, Zambia and Zimbabwe.According to the results made available last week, FCB Botswana enjoyed a...

Government’s bond programme, also known as the domestic note issuance programme, allows the BoB to raise debt from the local capital market on behalf of government, through the issuance of treasury bills and bonds.The programme, which was increased...

The BTCL, which has one of highest concentrations of retail investors on the BSE, previously reached today's high of P1.02 on December 16, 2019.In today's trade, 30,200 shares traded hands for a combined value of P30,804 over three...

“I think the luck that we had in getting the refinery done was that people it would not happen.“People who were sabotaging us were less concerned because they thought ‘these guys are going to fail and they have entered into something that they...

The dry conditions associated with El Niño also caused 1,170 outbreaks of wildfires during the recently ended summer, affecting 855,861 hectares of land, an area nearly seven times larger than New York City.“Delayed rains and the extended dry...

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...