PrimeTime cools on Zambian opportunities

Friday, December 06, 2019

Growing:PromeTime is adding a Plaza 11 soon PIC: PRIMETIME.CO.BW

Local property group, PrimeTime’s confidence in the Zambian market is waning after economic troubles in that country weighed on the performance of its office and retail assets, impacting its full year profits.

PrimeTime, listed on the Botswana Stock Exchange, has office, retail and industrial buildings in Botswana, South Africa and Zambia with a market value of more than P1.4 billion.

The group entered Zambia in 2013 in its first regional expansion at a time when the domestic economy was experiencing a slowdown.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Botswana athlete, Letsile Tebogo, celebrates after winning the Gold medal in Men’s 200m final at the Stade de France during the Paris 2024 Olympic Games Pic: Monirul Bhuiyan/PRESS PHOTO

Branch first off the blocks in Dakar 2025

Kabelo Boranabi | 1d ago

2024: From the fields to the boardrooms

Calistus Kolantsho,Kabelo Boranabi | 1d ago

The Feel Good Tribe fest on Sunday

Staff Writer | 1d ago

Showmax Original drama series Cheta M returns

Staff Writer | 1d ago

Morupisi, an example for would-be corrupt officers

Mpho Mokwape | 17 Dec 2024

The last leaf on the tree: Kenneth Nkhwa (1927–2024)

Jeff Ramsay | 17 Dec 2024

Over the past weekend in Greater Gaborone, four people tragically lost their lives in separate accidents, a stark reminder of how vulnerable we are on the roads, especially during this busy time of year.The accidents, which claimed the lives of three pedestrians and one driver, paint a grim picture of the dangers faced by everyone on the road, not just motorists but also pedestrians. In one case, a young man was fatally struck by a truck whilst...

The Monitor Editor | 17 December 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More