The Bank of Botswana (BoB) released about P1.8 billion to banks in December, as liquidity dried up in the market because of a slowdown in government spending related to the prolonged diamond slump.The situation has not abated this year and could...
Organisers said small businesses are growing because they are consistently invited to exhibit at such events, allowing them to showcase their products and services to a wider market.At this year’s Meetings Africa, the 113 SMMEs were among the more...
BVI, known for producing vaccines for diseases such as Foot-and-Mouth, has positioned itself as a trusted supplier in the region.Briefing participants during the Botswana-Uganda virtual trade mission this week, Botswana Investment and Trade Centre...
Household borrowing, the main revenue driver for commercial banks and a bellwether of economic activity, has been growing steadily, supported by the Bank of Botswana (BoB) cuts in interest rates.Central bank figures contained in the January Botswana...
Having observed the country’s economy for the past five years, the speech was perhaps one of the more detailed budget speeches delivered. However, the proof will lie in the subsequent actions taken and the results achieved.Botswana continues to...
The diamond company has in this regard issued an Expression of Interest (EOI) inviting bids for partnerships in the development of a national Repair and Rebuild Centre. It has also engaged other mining companies to support the project by committing...
They are also seen as crucial as they bring together decision-makers, and in the process enable businesses to establish new relationships and reinforce existing ones. The observations were made as industry players concluded the Meetings Africa 2025,...
The announcement comes after government’s decision to halt its flagship Chema Chema private sector fund, The government had in the past injected P200 million as funding for the SMEs later raising it to P500 million in an effort to support the...
Minerals and Energy minister, Bogolo Kenewendo and Zambian Minister of Energy Makozo Chikote, met last week on the sidelines of SADC Sustainable Energy Week in Gaborone to chew the way forward for the implementation of the ambitious infrastructure...
The diamond mining giant last year launched a probe after identifying suspicious fronting incidents, with initial findings confirming three cases. After recognising the severity of the issue, it engaged a consultant to conduct a comprehensive review...
They noted that doing this in isolation without working in synergy with other regional planners may lead to “white elephant” investment. Cautioning government during a SADC ministerial high level policy dialogue recently, Deputy Permanent...
Sports betting has exploded in the country of late, with many Batswana trying their fortunes on the various platforms.However, the Authority warned the public that Bet365, Forzza, 1XBET, Betwinners “and others,” due to their failure to comply...
The Ministry of Finance plans to finance the forecast deficit from the domestic capital market, as well as from external funders. The bulk of the funding is expected to be sourced through the domestic note issuance programme, a P55 billion multi-year...
At Meetings Africa 2025 held this week, discussions emphasised the importance of the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry in driving economic growth.For Botswana, they said this presents an opportunity to diversify its...
The latest data is contained in a Bank of Botswana (BoB) research paper released recently.Financial data extrapolated from 2011 as a base year shows that Batswana prefer to use cash as a means of transacting goods and services, with the local economy...
The postal parastatal’s main income lines are mail/postal, courier services, warehousing and agency, the latter being the biggest contributor which involves service agreements for use of BotswanaPost’s vast network.BotswanaPost suffered pre-tax...
According to the financials shared with investors recently, the Canadian firm sold a total of 399,215 carats last year, with the revenues received including a $44 million payment for the 1,080-carat Eva Star diamond and 549-carat Sethunya...
Speaking during the Big Africa Summit recently, the Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, said beyond revenue generation, the sector is set to contribute to employment creation and tourism promotion, solidifying Botswana's...
The programme, which was launched in 2024, culminated in a pitch competition where six winners shared $50, 000 in seed funding. It provided participants with mentorship, business development support, and networking opportunities. Standard Chartered...
In a notice this week, the Canadian firm said it would offer a combination of shares and, warrants to potential investors in a private placement that will close in early March 2025. Premium Resources intends to offer up to 120 million units at 30...
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