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The new amendments passed without a single objection by bipartisan legislators, also include tighter restrictions on the conditions under which government can borrow from the BoB.The changes also include improved corporate governance at the central...

At the recent funders’ conference called by government to test the private sector’s appetite to invest in public infrastructure, Finance Minister Peggy Serame painted a bleak picture of the country’s fiscal future.According to Serame, between...

The rate of inflation in June compares to 11.9% in May, which was similarly a 13-year high.“Applying a significant upward pressure on the annual inflation rate in June 2022 were the increasing prices for the major components in the Consumer Price...

By comparison, the corporation raked in pretax profits of P365.2 million in the 2021–2022 financial year, helped by improved generation at Morupule B and, thus, a reduced need to run the diesel plants at Orapa and Matshelagabedi which can...

Mmegi: Has Russia had any engagement with the Government of Botswana since the operation in Ukraine began, and what has been the response of Government?Kemarskiy: Russia has enjoyed excellent relations with Botswana since the establishment of...

With tensions rising in the tourist town, Alrosa head of International Relations, Petr Karakchiev, apparently delivered a hard-hitting speech riddled with words such as “idiots”, “nonsense” and sarcastic jabs at “profound experts” and...

Real Gross Domestic Product (GDP) increased by seven percent year-on-year in the first quarter of the year, compared to one percent over the same period last year, according to data released recently by Statistics Botswana.The growth came after a...

Bank of Botswana indicates that the pula began the week at USD/P12.67, before dropping further to USD/P12.77 on Tuesday and then recovering marginally to USD/P12.72 by Wednesday press time. The pula began the year at P11.79 against the dollar, having...

The Financial Stability Council (FSC), made up of the Bank of Botswana, Non-Bank Financial Institutions Regulatory Authority, Financial Intelligence Agency and the Finance Ministry, revealed the findings in its latest report covering the year to...

For the first three and half months of this year, Letshego Holdings was the Botswana Stock Exchange (BSE)’s biggest gainer, its share price putting on an incredible 40 thebe, or about 29%. Besides rosy earnings in recent financial periods, the...

Experts in the Ministry of Health believe the country has seen the worst of the fifth wave of COVID-19, which manifested in late May causing cases to exponentially rise in recent weeks.In the week from 19 to June 25, the country recorded 2,351 cases,...

According to the deputy permanent secretary in the Minerals and Energy ministry, Nchena Mothebe, while the country’s existing strategic facilities can carry the national demand for 15 days without additional supply, the facilities due in Mozambique...

The deal involves BITRI and Process Research Ortech (PRO) partnering to bring in funders for an as-yet-unnamed copper and nickel mine where minerals will be extracted for the development of batteries, which are increasingly required in the green...

By comparison, the DCI ended the year to June 30 last year down 3.7%, while in 2020, the DCI was down 4.5% over the same period.For this year, Stockbrokers Botswana data indicates that counters such as Standard Chartered Bank Botswana, Letshego...

Experts at the Botswana Unified Revenue Service (BURS) believe that if every taxpayer in the country paid their dues, there would either have been no need for the shock tax increases last year or at least the levels of the increments would have been...