Government’s bond programme, also known as the domestic note issuance programme, allows the BoB to raise debt from the local capital market on behalf of government, through the issuance of treasury bills and bonds.The programme, which was increased...
In a commentary accompanying the group’s recent results, directors said the financial year had begun with a lot of uncertainty regarding inflation and interest rates across the globe which negatively impacted investment markets. However, as the...
The Mercer 2024 Cost of Living Index ranked Gaborone number 215 in the list, suggesting the capital is amongst the cheapest in the world. The index is based on the dollar's cost of a basket of goods and services which include food, transport, and...
The BTCL, which has one of highest concentrations of retail investors on the BSE, previously reached today's high of P1.02 on December 16, 2019.In today's trade, 30,200 shares traded hands for a combined value of P30,804 over three...
A high powered team from the Cairo-headquartered bank spent days in the country two years ago hammering out the details of the proposed funding, which was intended to be spread out over three years.However, no firm ground could be found, with reports...
Growth narrowed to 2.7% last year from 5.5% in 2022, due largely to a downturn in diamond mining in the second half of 2023, as global uncertainties and market issues dampened the retail market.During a briefing on Tuesday, the Bank’s director of...
Botswana was ranked 55th out of 67 countries assessed, rising from the previous year’s position of 59. Botswana emerged above African titans such as South Africa, Nigeria and Ghana.Though similar to the World Economic Forum’s (WEF) more...
Launched to enhance Botswana’s export capacity, the Botswana Export Development Programme (BEDP) aims to equip local businesses and entrepreneurs with the skills and knowledge needed to compete effectively in international markets.The BEDP focuses...
Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in May owing to base effects associated with the movement of prices in the corresponding period last year.Statistics Botswana’s data analysis revealed that...
In an announcement to investors via the Botswana Stock Exchange (BSE), BTCL directors said pretax profits for the year were expected to be between 32% and 37% higher than the P148.5 million recorded in the year ended March 2023. The results are due...
According to the apex bank, at its sitting the BoB’s Monetary Policy Committee (MPC) decided to reduce the Monetary Policy Rate (MPR) by 25 basis points to 2.15%. The move means that borrowers on variable rate loans such as personal and credit card...
This was revealed by representatives of various companies who gathered for the recently ended Future of Mining Summit. Going forward, many mining companies are now setting their eyes on international shores to expand their nets and get more customers...
Directors revealed the company has already made significant strides by launching their operations in that country earlier this year. "We are busy working on expanding into South Africa," Alpha Direct CEO and co-founder, Arun Iyer said. He added:...
As the agriculture sector has been tipped to be one of the ‘golden’ industries in Botswana, NARDI and BAMB, two institutions under the Ministry of Agriculture (MoA), saw it befitting to liaise together towards ameliorating the industry. During...
After a hiatus over the pandemic, the innovative entrepreneur is now preparing to re-enter the American market, marking a significant milestone for his business and donkey milk production.Visagie told BusinessWeek recently that they produce donkey...
At the Future of Mining Summit this week, Minister of Minerals and Energy Lefoko Moagi said that the de-merger decision by Anglo has excited the government, which will tussle to protect its shareholding and up its stake in De Beers.“It’s about...
The Canadian firm executives revealed in a statement recently that the capital raise was conducted through a private financial instrument where current investors are offered shares at a fixed rate. The above market expectation performance signals...
Debswana Orapa Letlhakane and Damtshaa Mines (OLDM) general manager, Mogakolodi Maoketsa, revealed this on Tuesday during the launch of a Small, Medium and Micro Enterprises (SMME) grant in Orapa. The grant, delivered under a Memorandum of...
Currently, the course is attended by employees from all Debswana operations. Senyane said the launch of the course is a message from the leadership of Debswana that the company is committed to continuously empowering its employees for them to be...
Drawing inspiration from the Baobao tree known locally as ‘mowana’, which he grew up eating at home, Modongo is transforming this revered tree into a range of unique and healthful products. Amongst his products, he makes such delicacies like...
Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.
