Author

In the last State of the National Address before he leaves office next year, President Ian Khama on Monday said the final estimates for the 2016/17, government budgets show a surplus of P1.1 billion, compared to a revised budget estimate of a deficit...

The KFC Botswana portfolio, which consists of 12 restaurants, was placed under liquidation in June 2016, after the company failed to service its debts and creditors led by FNBB filed for the company to be liquidated. Mmegi Business yesterday...

The Doing Business report captures several important dimensions of the regulatory environment as it applies to local firms while providing quantitative indicators on regulation. The regulation indicators range from starting a business, dealing with...

Production figures released by parent company, Anglo American this week show that Debswana anchored De Beers’ output for the period, with the resurgent demand prompting an upward revision of 2017 production guidelines. “In the period, Orapa’s...

Peermont Global owns 60% in Peermont Botswana, which in turn runs the Grand Palm Hotel and Casino, Mondior, Metcourt and the casino at Sedibeng hotel in Francistown. In a deal that is currently being examined by the competition authorities in...

The rate cut was the first since August 2016. BoB governor, Moses Pelaelo explained that benign forecasts for both local and external inflation as well as a need to support economic activity, had motivated the rate cut. “The current state of the...

A budget deficit of P6.5 billion is forecast for the current financial year up from P2.35 billion announced by Finance Minister, Kenneth Matambo in February. With government having ruled out tax increases to finance the deficit, the shortfalls will...

Liquidator of the franchise, Nigel Dixon-Warren told Mmegi Business yesterday that at a meeting held last week, creditors accepted the bid, which will take the company out of liquidation. Dixon-Warren however declined to name the winning bidder...

Botswana’s poverty levels, which depicts the number of people living on $1.9 or less per day, currently stands at 12.7%. In a Macro Poverty outlook report released recently, the World Bank projects poverty levels to decline by 0.7 percentage point...

CA Sales is selling 136 million shares at P3.45 each to both institutional and individual investors as part of plans that will see the company list on the Botswana Stock Exchange (BSE) on November 8, 2017. The bulk of the shares are being sold...

The Budget Strategy Paper for the 2018/19 financial year projects the budget deficit for the current financial year to increase from P2.35 billion announced by Finance Minister, Kenneth Matambo in February to P6.5 billion.  The deficit is seen...

BusinessWeek: Your recent results show continued growth in revenues and footfall but net profits seem to continue weakening.  Is this part of the plan? Ottapathu: The continued  rise in revenues and footfall is a clear indication of our ability to...

Chevron operates in Botswana using the Caltex brand name in the retail market operated by a company called Fuel in Motion while its commercial business is run through Kwa Nokeng Oil. In its statement on Friday, Glencore said it had agreed to buy...

The BCL and Tati mines were closed in October last year, and there has been no copper nor nickel production in the country since then. Figures released by Statistics Botswana show that apart from the mining and manufacturing sectors, all other...

BDC has used its shares in Cresta, Letlole La Rona and  Sechaba as security for the issued bonds after it failed to secure a government guarantee on the bond in September last year. Listing of the issued notes has been approved by the Botswana...