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Latest financial statistics from the Bank of Botswana show that, thanks to higher mineral revenues, the national budget recorded a P1.65 billion quarterly surplus in the three months ending September 2016. This was the first quarterly budget surplus...

The company has the most advanced CBM project in Botswana with an independently certified contingent resources of 3.3 trillion cubic feet (3C) at Lesedi making it the most likely to develop Botswana’s first CBM power project. In a statement, the...

The Domestic Companies Index (DCI) shed a further 0.12% in the three days of trading last week and closed the first week of the year 11.37 points lower. Opening the year on a losing note were Stanchart, Turnstar, Barclays and BIHL. Stanchart, which...

After the local currency gained value against all major currencies in 2016, monetary authorities have also moved to reduce the rate at which the pula gains value in an effort to maintain export competitiveness. Acting permanent secretary in the...

This comes at a time when the Fund had withdrawn a P300 million private equity tender after applicants failed to meet their requirements.  In an interview with BusinessWeek, BPOPF chief executive officer, Boitumelo Molefe said they decided to...

The state-owned telecommunications and Internet service provider said Wednesday that its profit after tax for the period grew by 19% to P88 million, providing a return on investment of seven percent. The gross profit totalled P468 million during the...

From April this year, the BPOPF re-claimed the administration of pensions for its 153,000 members from Alexander Forbes saying the move was going to see the Fund saving upto 70% of the insourcing costs. But by CEO, Boitumelo Molefe’s own...

In a pioneering and valiant bid to see more Batswana owning more shares in fund management businesses as well as more citizen managers in such firms, the BPOPF will from next year only hand new mandates to managers that have a 25% citizen...

With effect from January 01, 2017 BURS says it will introduce a new Customs Management System (CMS) to replace the automated system for customs data, which has been in operation since 2002 and no longer meets current and emerging automation needs of...

The Fund’s AUM currently stands at P55.5 billion having grown 7.5% from P51.7 billion in 2015. Under a new five-year strategy to kick in next year, CEO Boitumelo Molefe says the fund will look to alternative asset classes to sustain growth as the...

The contractor’s previous contract ended recently resulting in Majwe reducing its staff complement by 260 workers.  Global mining services provider, Thiess, which has a 60% share in the Majwe Mining Joint Venture, said yesterday that it has...

Triggered by a dispute reportedly centred on differences over volumes of ore mined by the contractor, Lucara has told Eqstra that the contract will be terminated on December13, 2016. The contract was due to end in December 2020. Following the...

Makaya’s resignation follows reports of misappropriation of funds at the company which resulted in the chief finance officer, Valentine Mganga dismissed from work last month. In a statement, Cresta board chairperson, Maria Nthebolan said the...

The company has frozen local operations after its business was affected by headwinds at its head office in India, which resulted in De Beers suspending its international and local allocation of diamonds. In Botswana, Shrenuj scaled down operations...

The critical stay-in-business expansion project of the world’s largest mine by value started in 2009 at a cost of US$3 billion. The expansion of the mine is being carried out by Majwe Mining, a joint venture between Basil Read Mining, Leighton...