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Last October, the IMF’s eagerly anticipated report, the World Economic Outlook (WEO) projected the local economy would expand by 4.7 percent this year, before cutting this to 4.3 percent in April due to the effects of Russia’s invasion of...

With P70.7 billion or 61% of the country’s pension funds invested offshore as at May, the local bourse believes an opportunity exists for these funds to return home and help meet the country’s sustainable development projects, including those in...

The achievement by the six-month old Revolution for Prosperity (RFP) is a rare occurrence in a country where fragile political coalitions have caused political instability and violence in recent years, occasioning the intervention of SADC and...

according to a report emailed this week, the BSE recorded equity turnover amounting to P882.3 million between January and September 30, representing a 91% increase from the same period last year and a 64.3% jump from the corresponding period in...

In a notice on Tuesday, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) said it had issued a licence to Yellow Card Botswana, the African exchange’s local unit.Under the Virtual Assets Act, passed in February, any operator...

In a statement accompanying the group’s results for the half year ended June 30, directors said BBS Ltd was finalising approval of its commercial banking licence with the Bank of Botswana (BoB).The group previously declared a closed period from...

An Extraordinary General Meeting (EGM) on the matter is due to be held on October 25 in Gaborone.The homegrown group, which boasts a presence in 10 other African countries, has seen its share price fall by a net of nearly eight percent since January,...

As the primary interface between government and communities, various local authorities across the country, particularly in rural areas, shoulder a huge burden of expectations.However, as part of its belt-tightening exercise, the Finance ministry...

The often-repeated allegations of expensive flights, fancy dinners, gifts and bribes paid by influential NGOs to African delegates in exchange for support against ivory trade proposals are resurfacing ahead of the key Convention on International...

In a response to Business Monitor enquiries recently, the regulator revealed that it had allocated 5G radio spectrum to the country’s three mobile operators although thus far, only one has launched the advanced connectivity.Mascom, the country’s...

While the situation remains “volatile and unpredictable,” Defence and Security ministry officials said the multi-dimensional approach would be used alongside the military in calmer areas, while forces remained on high alert.Since their deployment...

On Wednesday the dollar, the currency in which global oil is transacted, reached P13.42 according to the Bank of Botswana website, possibly an all-time high according to available records.The peak came after weeks of strengthening during which the US...

The long-awaited project is being done as a Private Public Partnership (PPP) and the winning bidder will be required to set up a Special Purpose Vehicle (SPV) to enter into agreements with the Ministry of Minerals and Energy and Botswana Oil...

RDC Properties closed the P980 million purchase of the Tower Property Fund on December 28 last year in a deal that added 46 properties located in South Africa and Croatia to the local group’s portfolio.The deal ballooned the group’s investment...

On Thursday, Statistics Botswana released second quarter Gross Domestic Product figures showing that the economy expanded by 5.6 percent over the period, helped by diamond trading activities, as global industry demand continued to warm up.In fact,...