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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...

The Kimberley Process, a United Nations’ backed supranational group that has fought conflict diamonds for nearly two decades, is stuck in a consensus paralysis that has led observers to question its relevance in keeping the global diamond industry...

Debswana’s Citizen Economic Empowerment Programme (CEEP) aims to spend P20 billion on citizen enterprises by 2024, with a cumulative P7.8 billion having already been procured between 2019 when the programme began, and 2021.The initiative represents...

“One of our greatest contributors is the mining sector and when it shines, we collect more,” BURS Customs Services commissioner, Segolo Lekau told BusinessWeek at a briefing on Tuesday.“When the industry does well, we tend to do well. “Other...

How high will inflation rise?The answer depends on who you ask. At Kgori Capital, analysts expect that inflation will average 11.3% this year, a figure which if realised would be the highest average since 2008.Researchers at First National Bank...

Russia, the world’s largest producer of rough diamonds, is a member of the Kimberley Process, together with Ukraine and more than 80 others who comprise producing nations, major markets, industry bodies and civic society monitoring groups.The...

Voting results issued to the Botswana Stock Exchange this evening indicate that the BPOPF’s nominees, unionist Ketlhalefile Motshegwa, chartered accountant Chris Mokgware and prominent public finance professional, Emmanuel Botlhale, all sailed...

Minister of Defence, Justice and Security, Kagiso Mmusi introduced the Criminal Procedure and Evidence (Controlled Investigations) Bill, 2022, to a special sitting of Parliament on a certificate of urgency in late January, explaining that...