The waters are familiar because ever since minerals began to dominate values produced in the country decades ago, the economy became joined at the hip with the cyclical fluctuations of minerals, particularly diamonds.Prior to that, cycles in the...
Unaswi Nduna, who won P100,000, said the inspiration for the name Motswedi for the 2,488-carat stone was because it symbolises honouring diamonds as a source of pride and heritage and for being the wellspring of prosperity for Botswana.Koketso...
Last year, the DCI rose 15.5%, the strongest performance since 2013, powered by heavyweight counters in tourism, banking and finance.This year, the movers were a mixed bag, although banks and financial institutions such as Standard Chartered Bank...
Bond ceiling increasedParliament approved the Finance ministry’s request to raise government’s domestic borrowing limit to P55 billion in March. This was after the previous limit or ‘ceiling’ of P30 billion was reached in February.Under the...
The figure is one that many consumers would have thought would take years to achieve, looking at the fact that just two years ago, inflation touched historic highs at 14.6%. While inflation has fallen by over 80% between August 2022 and November...
Vice President and Finance minister, Ndaba Gaolathe, told the Youth Budget pitso last Thursday that the measures were necessary to safeguard the economy against future shocks and mitigate the risks of unsustainable public debt levels. “Central to...
The campaign, which ran from May 2024 to December 2024, concluded with Ananius receiving a fully equipped hydroponic garden worth P160, 000 at the finale held at Green Gem Nursery, Garden Maintenance, and Landscaping. The hydroponic garden, designed...
Held at BUAN’s lush grounds, the event showcased the creativity, hard work, and innovation that define the country’s farming and entrepreneurial sectors. The Market brimmed with activity as dozens of exhibitors presented a colourful array of...
The decision, which comes amid mounting concerns over the underutilisation of valuable mineral resources abundant in the country, seeks to ensure that licences are held by active operators committed to exploration and development. Speaking during the...
A trend analysis report published recently indicates that between January and June 2023, banks and other authorities filed a total of 165 Suspicious Transaction Reports (STR) with the FIA, of which 116 involved fraudulent cryptocurrency dealings.In a...
Figures released by the Bank of Botswana recently indicate that between January and October, Debswana sold P22.7 billion in rough diamonds, compared to P45.2 billion over the corresponding period in 2023.Debswana is the country’s primary producer...
The Delta is the country’s most prized tourism destination, with nights fetching in the thousands of US dollars, and the clients who fly in from across the world have to book well in advance to experience the World Heritage Site.Singita, a...
The Botswana Public Officers Pension Fund invested half a billion in ALC’s first fund to invest in local private equities, alongside undisclosed investment amounts from six other private and public pension funds.This time the fund manager expects...
In its heydays, De Beers, which is responsible for discovering 40% of all the planet’s known diamond-bearing rocks in history, was exploring in 20 countries, spending $100 million annually. However, in recent years, it trimmed its search down to...
Speaking at the Glen Valley Horticulture Incubator graduation ceremony on Tuesday, LEA acting CEO Godfrey Molefe said the programme would explore the economic potential of industrial hemp whilst building on the success of LEA’s existing...
The deal, signed in August 2022, has been a game-changer for the state-owned enterprise, contributing significantly to its record revenue of P2.6 billion in the 2022–2023 financial year, an increase from the P570 million achieved in the previous...
The profits were more than 1,700% above the P3.7 million recorded by BSB in the half year ended September 2023.In a commentary accompanying results which were posted to the Botswana Stock Exchange (BSE) this week, directors attributed the profit...
The groundbreaking programme, established in November 2020, continues to inspire and empower young minds across Botswana by introducing them to the vast opportunities in Science, Technology, Engineering, Arts, Mathematics, and Entrepreneurship...
The country’s oldest commercial bank has this year continued the robust performance seen in 2023 when its share price jumped 85%, second only to leisure tourism group Chobe Holdings, whose share price jumped nearly 88%. This year,Stanchart’s...
During the reporting period, profits for the listed company jumped from P71 million to P112 million, which was attributed to effective cost reduction measures and the expansion of mobile money services. In a financial statement issued on the Botswana...
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