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In a bid to maintain price stability in the economy, the central bank has set an inflation objective of between 3-6 percent. Launching the 2015 Monetary Policy Statement (MPS) yesterday, BoB governor Linah Mohohlo said the economy will continue to...

According to market reports, Botswana Public Officers Pensions Fund (BPOPF) recently withdrew Bifm’s P9 billion mandate to manage funds, a decision that would result in substantial fee income losses for the subsidiary in 2015 going forward. In a...

CMB, which won a P500 million private equity tender from the Botswana Public Officer Pension Fund (BPOPF) last year, says it wants to raise a further P1.5 billion from other local pension funds and international investors. The new fund, Botswana...

The rate cut will come as a boon for borrowers as commercial banks are expected to reduce their lending rates by a similar margin, taking the prime-lending rate down to eight percent. In the prevailing period of static real incomes, the central...

Relocation of the company, which manufactures automotive wiring harnesses, is expected to create about 500 jobs. BDC is expected to invest P52 million in the project with the relocation anticipated to be complete by June this year. A delegation of...

The bank is reeling from liquidity constraints, which have seen depositors fail to withdraw their monies while workers haven’t received regular salaries for the past three months. In a statement released on Friday, the central bank announced that...

Industry sources told BusinessWeek that the offshore bank, which is 100 percent owned by Zimbabwean banker Nigel Chanakira, is failing to pay back some of the depositor funds as most of its assets were tied-up in illiquid assets and advances to...

In the audit report for the financial year ended March 2014, Auditor General Pulane Letebele said the MTI‘s tender committee approved leasing of the headquarters at a cost of P60.8 million, far beyond the expenditure threshold of P25 million...

In a report released at the ongoing Mining Indaba in Cape Town on Monday, the World Bank called on mining companies in Botswana and other mineral-led sub-Saharan African countries, to work closely with electricity utilities in the region, in order to...

The Australian company is due to close its  ‘unprofitable’ open pit operations in the first half of this year with only 42 of the 422 workers earmarked to retain their jobs under the care and maintenance period. Discovery Metals Botswana...

The proposal contained in the 2015-2016 Budget Strategy Paper (BSP) released last September as part of a raft of changes to the fiscal rule, was initially earmarked for implementation in the coming financial year. But the proposal was conspicuously...

The copper producer, which employs about 200 workers at its Thakadu and Mowana open pit mines in the northeast district, desperately needs additional money to fund operations. The warning by African Copper comes shortly after Discovery Metals...

The Serowe based company, which started operations in Botswana over 20 years ago, is the first local casualty of liquidity and profitability pressures facing diamond polishing companies globally.  The affected workers include 320 Batswana and 64...

Presenting the 2015/16 budget speech, Matambo said domestic economic growth would this year slow down to 4.9 percent from 5.2 in 2014 with the non-mining sector expected to drive growth instead of the usual economic lifeblood, diamonds.  According...

The Open Data Barometer (ODB) global report released recently says that Botswana has been lumped into a cluster of ‘capacity constrained’ countries that are facing challenges in establishing sustainable open data initiatives as a result of...