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One of the reasons many politicians in Africa are resisting a fast-tracked transition from fossil fuels is because of the impact this will have on jobs and the associated social welfare, community economy and indicators such as poverty, disease,...

The bonds, which were privately placed with investors, are part of the BSB’s P1 billion note issuance programme announced last March.According to a series of announcements made on the Botswana Stock Exchange, the BSB raised P82 million, P60...

BusinessWeek has learnt that on top of the existing tight protocols on governance required of African governments to remain as AGOA beneficiaries, the US also wants more adherence to Environment, Social and Governance (ESG) standards from the African...

The last time the budget recorded a first half surplus was in 2014-15 with P859 million, according to BoB records available online.Finance Ministry technocrats have not yet revised their expectations of a P7.7 billion deficit for the current fiscal...

“The business has started preparations for recession planning in anticipation of a global recession in 2023 which will no doubt adversely affect the sales of diamonds in our major markets,” Debswana managing director, Andrew Motsomi said in a...

The BoB, as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks. At the auctions, the dealers compete to lend to the government by offering the yields they are seeking, with...

Data released by the Bank of Botswana indicates that last year, the local currency fell by 8.1 percent against the US dollar, one of the single most important currencies for the local economy as it is the trading currency for rough diamonds.While...

Since the beginning of the financial year in April, the government raised P9.59 billion from the domestic capital market, with interest rates rising throughout the period.However, it was the forays into external, foreign currency-denominated debt...

They may call each other ‘brothers’ and pass ‘fraternal greetings’ at every opportunity.And indeed they are. But African countries are also each other’s rivals for foreign investor attention, the kind that brings in capital, skills...

BSE shinesAny review of 2022 cannot be complete without mentioning the performance of the Botswana Stock Exchange (BSE), specifically its flagship platform, the Domestic Companies Index (DCI).As at December 21, the DCI had gained 9.99 percent in the...

Africa 50, based in Morocco, was established to help bridge Africa’s infrastructure funding gap by facilitating project development, mobilising public and private sector finance, and investing in infrastructure on the continent.Africa50 focuses on...

One story dominated all others in the discourse about the economy this year and with good reason. Unlike other economic topics which often involve technical jargon that limits discussions to those “in the know”, inflation or the cost of living...

The request for additional funding comes after Serame had, in her February budget speech, said her ministry would not be inclined to accept any supplementary budget requests this financial year.“The recommended supplementary estimates meet the...

Masisi, some Cabinet ministers, and senior government officials were in the American capital for the US Africa Leaders Summit called by President Joe Biden involving more than 40 other African heads of state.Masisi gave a lecture at the Brookings...

At the recent global COP27 climate summit in Egypt, the EU reportedly drew a line in the desert sands.The world’s most influential body politic threatened to walk out of the Egypt talks in frustration over weak climate commitments, including...