Author

Isaac Pinielo
  • Trade deficit widens on lower diamond exports

    An analysis of the data shows that the decline in exports was mainly due to a drop of 7.4% in diamond exports, from P3.81 billion in March 2017 to P3.53 billion in the month under review. The total exports value for April 2017, compared to that of...

  • Pula Medical Aid endures sluggish economy

    Addressing the media last week, Pula principal officer, Thato Moumakwa said of late, Botswana’s economy has been under a lot of pressure, experiencing a number of setbacks due to the financial crunch that has resulted in the closure of a number of...

  • Donkey exports: a well-intentioned trade gone wrong

    This development, according to the government, was a result of a 2002 feasibility study conducted in Botswana on the possibility of exporting donkey meat to Europe. Exporting donkey meat to China was seen as another opportunity to boost exports,...

  • Investors wary about crowdfunding

    Launched last month, the crowdfunding initiative is expected to raise up to P5.38 million from armchair investors to build 17 units for affordable housing, 13 for sale and four for rentals on a 3,685 square metre (sqm) plot. Crowdfunding is the...

  • Trade swings into deficit as diamond exports drop

    This follows surpluses registered during January and February 2017 at values of P3.2 billion and P2.5 billion respectively. International Merchandise Trade Statistics (IMTS) released on Tuesday by Statistics Botswana (SB) said the deficit was due to...

  • Botswana kick-starts action plan on housing

    With this plan, the government will be paying extra attention on ensuring that Batswana are adequately housed. According to the Minister of Infrastructure and Housing Development, Nonofo Molefhi the NUA is an urbanisation action blueprint of the...

  • Fuel tax may deplete petroleum fund, analysts warn

    The Fund, which is used by government to pay petroleum retailers the difference between the administered and prevailing fuel prices, was last year said to be in excess, hovering around P600 million. However, economists say the amount will eventually...

  • BSE ends half-year in the red

    The bourse’s performance as measured by the benchmark, Domestic Companies Index (DCI) stood at 9,244.23 points on June 30, down 1.66% on a year-to-date basis and 8.5% lower over the past 12 months. A market analyst at Motswedi Securities, Moemedi...

  • PPADB battles to stamp out tender corruption

    According to the Directorate on Corruption and Economic Crime (DCEC), public tendering corruption has become so rampant and embedded in the country that it has now become the bane of the economic development agenda. Even the global anti-corruption...

  • Mine closures weigh on mining output

    Last year, state-owned mining company BCL Mine closed its loss-making copper and nickel operation together with Tati Nickel Mining Company (TNMC) and Mowana Mine. Data from the statistics office shows that the index of mining production stood at 77.1...

  • Botswana widens net on multinational tax dodgers

    Recently, the country took a step of joining the inclusive framework on Base Erosion and Profit Shifting (BEPS), becoming the framework’s 99th member. The inclusive framework on BEPS is a group of countries that have pledged to implement measures...

  • Rampant corruption in construction industry � DCEC

    According to the Directorate on Corruption and Economic Crime (DCEC), allegations of collusions between building contractors, supervising consultants and government employees are still rife. DCEC director general, Rose Seretse said fraud and...

  • Young engineers forum to plug industry gaps

    YPF is a group of young professionals who belong to member associations of the International Federation of Consulting Engineers (FIDIC). According to ACEB chairperson, Zibo Makosha the YPF will ensure sustainability in the industry and address the...

  • PPADB tackles tender fraud with tip-off service

    During the launch of the tip-off service yesterday, PPADB executive chairperson, Bridget John said the anonymous tip-off platform will be useful in allowing concerned parties to provide reasonable information to cause action whilst their identity is...

  • BMC struggling to repay gov�t loans

    The PDSF was established under the Ministry of Finance and Economic Development as a device to ensure that government would have a source of funds to service public debt. The report on the audits of the accounts of the government for the financial...

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