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In September, the Ministry of Finance officials revised the 2017 growth estimate to 4.7% from 4.2% projected in February as higher output from the services sectors and the end of a drought eased pressure on major industries. But numbers show that...

Kgori was thrown into the spotlight recently when Seretse appeared before the court on money laundering charges before he was later released on bail. Seretse has since resigned from the company. Mmegi Business has gathered that Tuesday’s board...

BPOPF is reported to have terminated CMB mandate after investigations revealed that the fund manager flouted agreed investments policies and guidelines. Industry insiders say the contract was terminated on October 30, 2017 with an order for the fund...

In what is seen as an indication of local capital markets deepening as well as a boost for local companies seeking funding, the bonds are expected to be issued in tranches as and when demand arises and listed on the Botswana Stock Exchange...

Seretse, along with business partner, Botho Leburu and BERA executive director, Kenneth Kerekang were released on bail on Friday in a case reportedly centred on funds withdrawn from the National Petroleum Fund (NPF). “Yes, following his suspension...

The Botswana Financial Statistics (BFS) report for October reveals that at the end of the half-year period to September 2017, the budget posted a surplus of P107 million. At this point last year, the budget showed a cumulative deficit of P1.7 billion...

The bond would be the first listing by a multilateral institution on the local bourse. “The issuer seeks to bring together domestic and foreign private capital and experienced management and thereby create conditions conducive to the flow of...

In the 12 months to June 2017, Sechaba Breweries, which was 26% owned by BDC before selling down to 24%, saw its share price on the BSE tumble 31% from P29 per share to about P20 per share. At the beginning of the financial year, BDC’s 26%...

The P1.6 billion bill includes the cost of the ongoing care and maintenance of the mine, terminal benefits for former workers as well as the liquidator’s expenses. Minerals, Green Technology and Energy Security minister, Sadique Kebonang said on...

The investment, which will see African Alliance holding a 6.5% stake in the fledging energy company, is subject to Tlou listing on the Botswana Stock Exchange (BSE) next month. Tlou which is already listed in Australia (ASX) and London (AIM), has...

On December 10, 2017, BHC says it will redeem an unsecured note BHC017, which is listed on the Botswana Stock Exchange (BSE). The bond is part of a P2 billion note by the BHC, which the parastatal taps into to raise funding for its...

Figures published by Statistics Botswana (SB) yesterday show that annual inflation rate in October 2017 was 3.0%, registering a drop of 0.2 of a percentage point on the September 2017 rate of 3.2%. At 3.0% consumer inflation is now at a ten-month...

Through a process called demutualisation, the BSE will transform from a statutory body collectively owned by stockbrokers and government to a public company. Self-listing is an international practice that stock exchanges normally adopt in developed...

BusinessWeek: Two years after listing, how has the company grown? Tumelo: You will remember when we listed in 2015, we didn’t have any investments under the company. Soon after listing on the BSE, we bought a 50% stake in Africa Events Limited...

Announcing the results of the company’s Initial Public Offer, CA Sales yesterday said it received 376 applications totalling 146 million shares for the 136 million shares that were on offer. CA Sales, which will list on the main board of the...