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According to the Business Expectation Survey (BES) released by the BoB this week, the level of optimism as measured by the Business Confidence Index (BCI) was stagnant at 44 percent between March and September this year. The BES, which sampled 100...

In a notice published yesterday, the Public Enterprises Evaluation and Privatisation Agency (PEEPA) said it has valued BTCL at P800 million with its shares split into 800 million units valued at P1 each. Government plans to offer 44 percent of its...

The offer had been made to a total of 1,520 shareholders holding 24.6 percent of the company’s shares, meaning about 87 percent of minority shareholders declined to be bought out of FSG. The offer closed on the 4th of December. Majority...

The awarding of the tender follows months of controversy after government and the Botswana Power Corporation (BPC) were accused of running a parallel procurement process with Doosan while another tender on the same project was still out. The power...

From being just a small fishing village of 20,000 peasant farmers only three decades ago, the Shenzhen city of China has transformed under reforms introduced by Deng Xiaoping, to become the country’s own Silicon Valley with a population of 20...

The deal, which would have resulted in Sun taking over Peermont’s Grand Palm hotel, Mondior, Metcourt Inn and the casinos including the one at Sedibeng hotel in Botswana, had already been given a conditional greenlight in Botswana. In a...

Despite significant economic growth in the past decades, the World Bank says striking disparities remain among socioeconomic groups in income, wealth and living standards. In a Poverty Assessment report released this week, the bank said although...

Buoyed by increased revenues, reduced expenses as well as a P60 million injection from subsidiary divestments, the government investment arm registered a profit of P110 million before tax, at company level, from a loss of P67 million in the...

Sponsored by Huawei, the training programme, saw the University of Botswana (UB) students, including their counterparts from Indonesia and Serbia, receive mentoring in 3G, LTE 4G, E-PON and Cloud Computing among others. Speaking at the closing...

Under a 2016-2020 Country Partnership Framework (CPF), the World Bank has proposed a developmental lending pipeline of US$270 million (P2.9 billion) to finance developmental operations in the first two years of the programme, up to 2018. According...

At an executive board meeting in Washington D.C. on Monday, the IMF determined the Yuan to be now a freely usable currency and will, effective October 2016, be included in the SDR basket as a fifth currency, along with the U.S. dollar, the Euro, the...

Construction of what would be Botswana’s maiden project under the Independent Power Producer (IPP) model is expected to start late next year with the first electricity seen kicking into the national grid by May 2020. In a statement released...

Botswana is seeking to compensate the decline of its beef exports to the lucrative European Union (EU) by exploring other markets such as China and other African countries. Speaking to Mmegi Business on the sidelines of a ceremony to mark the start...

Promoters of the mine, Lucara Diamond yesterday announced that a 1,111-carat gem quality diamond was found at Karowe’s south lobe. The diamond is the largest discovered since the 3,106-carat Cullinan diamond was found at the Cullinan mine in South...

In a seven-hour long heated meeting in which BusinessWeek played fly on the wall, creditors refused to adopt resolutions that would have authorised Marinelli to execute the liquidation, beginning with the sale of the KBAL headquarters in...