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The latest bond, which carries a 9.15 percent fixed rate and matures in March 2028, was listed on the Botswana Stock Exchange (BSE) last week. With the placement, Stanbic now has nine outstanding bonds issued under its P2 billion programme, which...

The Norwegian firm won a highly contested tender for the contract last August and this week published an estimate for the costs, as part of disclosures in its annual report.The project is being done on an Independent Power Producer (IPP) basis, where...

Local authorities secured a key legal victory in Brussels recently and have the stones under their control, a situation that will bring finality to the saga at Lerala where creditors had filed claims worth P30 million.“The diamonds are still in...

Since February 2017, Ghaghoo Mine has been on care and maintenance activities which entail keeping the mine's infrastructure in prime condition in preparation for a possible reopening.However, after prioritising a sale of the mine last year and...

For the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), the question of what a pension fund and what it does, is crystal clear.“A pension fund provides for financial stability after you stop working, by providing a stream of income...

Previously, the highest after-tax profits the banks enjoyed was in 2018 at P2.02 billion. Bank of Botswana (BoB) figures released last week indicate that the collective net interest incomes of commercial banks rose to P5 billion last year from P4.4...

The 20.46-carat blue diamond was unearthed at Debswana’s Orapa Mine in the third quarter of 2018. It drew comparisons with the world-famous Hope Diamond, although the local stone has a higher purity and clarity level.The Okavango Blue is expected...

According to the Auditor General’s latest report, which covers the year to March 2021, BMC owed government P248 million while the national airline was on the hook for P230 million and BotswanaPost P140 million.In all three instances, the loans were...

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

Statistics Botswana figures released earlier today show that the reduction in annual inflation between January and February was largely due to base effects related to price increases in February 2022.In an update, Statistics Botswana noted that major...

The performance for the second auction of the year is however 24% lower than the values sold at the corresponding auction last year, a trend that largely reflects stronger than average pricing and demand last year. New CEO, Al Cook said demand...

Grit, a Mauritius-domiciled entity with roots in London, at one point was the second largest shareholder in LLR with 30% equity, second only to the founding shareholder, the Botswana Development Corporation (BDC) with 40%. However, the real estate...

The decision announced on Tuesday evening came as the more than 300 workers employed by mining contractor, Jarcon Opencast Mining Botswana, downed tools at the mine ahead of a retrenchment planned to take effect on March 31."As with many businesses,...

The Financial Action Task Force (FATF), the world’s leading anti-money laundering organisation, recently greylisted South Africa citing deficiencies in the country’s ability to prevent the flow of dirty money in its systems. The FATF greylisted...

According to figures released by the Botswana Communications Regulatory Authority (BOCRA), Mascom’s share of mobile phone subscriptions in the country slid to 43% in the year to March 2022, compared to a five-year peak of 55% in the year to March...