The central bank projects that inflation will temporarily trend below three percent, before moving into the three to six percent objective range from the third quarter of the year, into the medium term. Inflation in April is expected to drop to 2.3...
Generally, Botswana is known for its prudent fiscal policy, with excess government earnings being saved or invested in offshore accounts to shield the mineral dependent economy from rainy days. Despite this track record, the government has, in recent...
The reduced level of optimism has largely been attributed to the anticipated deceleration in the growth of exports and imports of goods and services, production, inventories, profitability as well as investment in buildings and plant/machinery. Much...
More than a year ago, South Africa's Chlor-Alkali Holdings (CAH) announced plans to exit its 50% shareholding in Botash, the country's sole producer of soda ash and salt. MDCB, the state-owned minerals investment company, was then appointed...
According to the Authority’s annual report released recently, BOCRA conducted inspections on 169 communication retailers around the country and found 55 of them to be non-compliant, selling devices that were substandard, counterfeit or...
Ngwao Snacks is a thriving business that specialises in making sorghum and millet-based snacks, specifically biscuits. Established in October 2022 by Tebogo Filipo from Molepolole, the entity has quickly gained popularity for its unique and...
Giving the keynote address at the Hospitality and Tourism Association of Botswana (HATAB) annual conference held here last week, he made public the new entity in response to the tourism industry’s concerns about the delays in the provision of...
The Ugandan delegation also included the Permanent Secretary in the Ministry of State for Animal Industry, Kasura Kyomukana, Head of Mission in Uganda High Commission of Pretoria, Professor Paul Amoru, Makerere University's Professor Masembe...
The auction of two treasury bills and three bonds was due to take place on Thursday, according to a notice seen on the central bank’s website at press time on Wednesday.At the auction, the BoB, acting as government’s capital market agent and...
De Beers reported suboptimal sales of rough diamonds, especially in the last quarter, resulting in revenues of $4.3 billion, down from $6.2 billion in 2022.Briefing journalists last week, senior De Beers officials said their forecast indicates that...
Chinese state-powered firm, MMG, has finalised the purchase of Khoemacau for about P25 billion, the largest private-sector transaction to ever happen on local soils.Speaking last week in Maun at a ceremony to mark MMG’s takeover, Moagi said...
FNBB is the country’s largest commercial bank by both balance sheet and number of customers, while also being the biggest property financier through various products including mortgages, refinancing tools, and property loans.The FNBB report...
FlyNamibia’s safari operations manager, Marco Theron, said the flight would be from Eros International Airport in the Namibian capital, Windhoek, and Maun International Airport. The Windhoek-Maun route will offer direct flights on Wednesdays,...
According to the full-year results published on the Botswana Stock Exchange, Stanbic’s corporate and investment banking unit recorded pretax profits of P348.6 million, compared to P258.9 million in the prior year, representing a 35%...
In its recently released annual report, BOCRA noted that it received a total of 33 complaints escalated from the regulated entities, compared to 27 in the year to March 2022.Of these complaints in 2023, faulty gadgets headed the list, with most of...
Established in 2020, the business specialises in milling and distribution of maize meal under the Sesigo brand. Funded by CEDA in 2021, the business started operating in the same year around October.Oeme has vast experience in maize meal production...
The company said in a statement that after establishing operations in Botswana in 2010, it had taken a decision to retain local employees at the four airport fuelling operations.A local citizen woman-owned company, Aviation Fuel Services, already...
According to the borrowing strategy document for 2024–2025 released earlier this week, the central bank will step up its efforts for government in light of the greater funding requirement by the state.By comparison, the BoB was authorised to raise...
The building, which will be launched in May, is said to have achieved notable sustainability certifications, including EDGE Advanced Certification (Preliminary Certification), with impressive statistics such as 51% energy efficiency, 29% water...
In 2022, Botswana first interfaced with 5G technology following its implementation by Orange Botswana. By then 5G was the premium technology network, designed to offer faster network support while connecting vast periphery devices, machines, and...
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