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BIHL, the country’s largest and most diversified financial services group, has been generally enjoying an upswing in its share price this year, and before Tuesday, had gained a net 11% on its share price since January.On Tuesday, BIHL gained five...

Local investment professionals reject the criticism that they are too conservative. The debate over changes to the pension fund rules, has been raging for years and at times accusations have been traded between the regulators and the investment...

Last August, the High Court placed FirstCred, formally known as GetBucks Botswana, under judicial management following a period of financial turbulence with part of the troubles involving the alleged mismanagement of hundreds of millions of pula by...

Group CEO, Al Cook said the prevailing economic environment was leading to softer end-client demand for diamond jewellery in key consumer markets. He added that the summer period (in the US) was associated with traditionally lower levels of midstream...

Thomas left office on August 14 after five years at the helm and was replaced by her predecessor, William Lamb, who occupied the top seat between May 2011 and February 2018.Her departure has stoked shareholder debate as the high-flying miner enters...

Known formally as the Pension Fund Rule 2 or PFR 2, the NBFIRA (Non-Bank Financial Institutions Regulatory Authority) statute previously required pension funds to invest at least 30% of their assets locally.Under changes to the Retirement Funds Act,...

The traditional rainfall forecast issued by SADC’s Southern Africa Climate Outlook Forum (SARCOF) around this time of year, is likely to be delayed this year, but local experts aren’t waiting. The Department of Meteorological Services plans to...

For commercial farmers in the Mosisedi area, their troubles with the 2022–2023 season began with the rainfall forecast going awry. Last September, the Department of Meteorological Services had forecast “a moderately wet season over the entire...

Matsake is at the forefront of a new farming technology rapidly gaining traction in the country. Hydroponics involves growing plants without soil, by using water and water-based mineral nutrient solutions.By comparison, rain-fed horticultural farmers...

The developments are the latest in an exhaustive bid to revive Pula Steel, the country’s pioneering steel producer. Pula Steel closed in 2017, just two years after it was built at a cost of P130 million, strained by financial and technical...

Annual inflation dropped to a 35-month low in July at 1.5 percent, from 4.6 percent in June, due mainly to the base effects of higher fuel prices in July last year and the June 20 reduction of pump prices this year.However, annual food inflation was...

Retail and consumer data analytics consultancy, Tenoris, this week released a report that, under normal circumstances, should raise eyebrows in the diamond industry.According to the firm, in July, after months of gradually nearing each other, natural...

In a notice to the Botswana Stock Exchange (BSE) on Friday, the bank said its pretax profits for the year ended June 30 are expected to be between 15% and 20% higher, or P180 million to P250 million above the P1.2 billion recorded last year.“The...

For a long time the star performer on the Botswana Stock Exchange’s Domestic Companies Index, Letshego’s share price dropped 10% last year and on July 4, sank to 98 thebe, its lowest level in two years.Thus far this year, the pan-African...

Figures provided by the Bank of Botswana (BoB) during a recent media briefing indicate that while the reserves are recovering, they are still below the healthier levels seen in the years before the onset of the COVID-19 pandemic.As measured by months...