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Inflation in the half year averaged 10.9%, one of the highest levels in recent years, while additional pressure on consumers’ incomes came from two interest rate hikes the Bank of Botswana effected during the period.On Wednesday, BIHL group chief...

MAUN – The airport here, while smaller than Sir Seretse Khama International, is by far the country’s busiest, with dozens of small planes landing and departing every day to and from the tourist camps.Last year, Maun International Airport...

KASANE – A philosophy developed and promoted by the leadership of Chobe Holdings in the last decade has paved the way for women breaking the ceiling in tourism, moving beyond the laundry room, restaurants and housekeeping, to being guides in the...

The Bank of Botswana (BoB), acting as government’s agent in the capital market, raised an additional P1 billion in debt for the fiscus on August 26, through the auction of three bonds and two treasury bills.The amount raised at the latest auction...

Botswana Insurance Holdings Limited (BIHL), the country’s largest diversified financial services entity, previously incurred running impairments from Letshego over two reporting periods between 2018 and 2019 amounting to P246 million.In the half...

The BoB kicked off the three interest rate hikes it has made this year in April, saying while inflation is being driven by external costs rather than local demand, the rate actions were required to ensure that expectations of higher inflation do not...

Last week the Department of Veterinary Services suspended all livestock movements as well as exports of live cattle and beef owing to the suspected outbreak of Foot and Mouth Disease in the northeast.Yesterday, officials at the Met Services...

Part of the Power Purchase Agreement signed between the Oslo-based group and the Botswana Power Corporation on Wednesday requires that 40% of shares in the company established for the project be awarded to citizens.Scatec is one of the world’s...

The competition, now in its fourth edition, was established by the Jack Ma Foundation and is aimed at aims at supporting entrepreneurs who are not only building successful businesses, but who are also running mission driven organisations that...

One of the world’s leading publications, The New York Times, this week ran an article on Russia’s efforts to prevent the Kimberley Process or any other organisation from labelling its diamonds as “conflict or blood”. Part of the article...

At its latest level, inflation is under a percentage point shy of the all-time high of 15.1% recorded in November 2008.Inflation for the first seven months of the year has averaged 11.39%, compared to 11.41% in the same period in 2008, the year in...

According to a notice yesterday, during the closed period, members of the board, management, and staff are prohibited from dealing in any manner, directly, or indirectly in the company’s securities.The latest developments follow a protracted...

Should the company’s plans come to fruition, Bandari ya Pombe will be the country’s third alcohol producer after Kgalagadi Breweries Limited and Okavango Craft Brewery.Another microbrewer, Big Sip, is under liquidation after closing shop last...

The fund had grown to P93 billion by December last year, before retreating to P90 billion at the end of the financial year due to instability in invested markets.“From April to now, we have had pressures such as higher global inflation and it’s a...

The BPC’s has asked the Botswana Energy Regulatory Authority (BERA) to approve two consecutive tariff increases of five percent each for the 2022–23 and 2023–24 financial years.The Corporation is citing below cost-reflective tariffs, pressure...