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Figures released late last month by Statistics Botswana also indicate that the September deficit of P3.9 billion was revised deeper to P4.5 billion. Both the September and the October deficits are the first recorded in 2023 and are directly linked to...

Establishing regional electricity connections was not always as slow as it has been in recent years. Those who track regional interconnectivity remember the golden years where electricity utilities and their governments steamed ahead with linkages of...

According to the magazine, the awards recognise officials that have best managed to stimulate growth and stabilise their economies. The annual awards select outstanding Finance Ministers from across the globe.The Banker’s editors noted that...

In a statement, the Finance Ministry said the weighting of the Pula against the basket of currencies would be maintained at 55 percent Special Drawing Rights currencies and 45 percent South African rand. The International Monetary Fund’s Special...

There was no choice. Having pursued the single biggest story in the country’s economy for the better part of five years, there was really no question of sleeping when matters finally neared a head. That would be akin to travelling 20 hours to the...

The original 60MW plant, to be built between Selebi-Phikwe and Mmadinare by June 2024, was the largest renewable procurement signed off by government. Government and Scatec officials signed a binding 25-year Power Purchase Agreement (PPA) in August...

BSE hits recordThe Botswana Stock Exchange’s flagship platform, the Domestic Companies Index (DCI) was the talk of the town this year, cruising towards a share price performance last seen 10 years ago. As at mid-day Wednesday, the DCI was up 15.4%...

In a mid-season update, meteorologists said El Nino conditions, which are associated with drier conditions over the country, would continue through the second half of the season. El Nino is expected to ease to neutral between May and July next...

Mmegi: In recent months, we have the seen the Ministry push forward with railway projects towards the East and West, moving closer towards project development. What is the over-arching goal in securing the construction of these railways?Molale: This...

In absolute numbers, just 626 households in the sub-district are connected to electricity, while 3,739 are unconnected and forced to use other methods of heating and lighting. According to the survey, Orapa and Sowa have 100% electricity connection...

In a notice to investors on the Botswana Stock Exchange (BSE) today, BTCL directors said Pheko would leave with effect from December 31. He has been a non-executive director in the corporation since 2018 and will also be leaving that position on...

Briefing editors last week, MDCB executives said the investment firm currently had a P7 billion portfolio and was keen to add more assets as part of a strategy to grow the company into Botswana’s largest investor and a significant contributor to...

Under changes to the Retirement Funds Act, local pension funds have until December 2027 to invest a minimum of 50% of their assets domestically, a figure that as at August translated to P16.3 billion being repatriated from offshore. Known formally as...

Figures from the Ministry show that the surplus in the first quarter of the 2023-24 financial year, a period which covers the months between April and June, was powered largely by Southern African Customs Union (SACU) receipts and mineral...

Mmegi: The Non-Bank Financial Institutions Regulatory Authority has published the revised pension fund rules, which require that pension funds repatriate a certain percentage of their offshore holdings in the years to 2027. Into what areas does the...