The initiative, set to unfold over the next few years, aims to employ around 100 graduates in the next three to five years.The RPC Capability Centre will provide software consulting, customer relationship management, Information Technology and other...
The country’s two coal producers, Morupule Coal Mine and Minergy Limited, hit production peaks in 2022 when Russia’s invasion of Ukraine and subsequent sanctions on Moscow, triggered an energy crisis in Europe and Asia. The two collieries were...
Data made available by the Botswana Communications Regulatory Authority (BOCRA) shows that mobile money subscriptions reached 1.69 million as at March 2023, from 1.66 million in March 2022 and 1.15 million in March 2019.Orange, whose Orange Money...
According to figures provided by the BSE last week, the share prices of DCI firms gained a net 1.9% between January and March this year, compared to a growth of three percent over the same period last year.The P914 million growth in market value in...
A statement from Tsetseng Retail Group, says the store underwent an extensive refurbishment, following the incident earlier this year.“The refurbishment of Kgale SuperSpar signifies a new chapter for us, marked by a renewed energy to providing...
The company, Le Afrika, which is a family-owned beauty brand based in Botswana and spearheaded by Lisa Kasale as its managing director, has already made a name for itself in the beauty space. Since its inception in 2019, it has made significant...
According to the published results, rental revenues for the group rose by 13% totalling P328.5 million compared to the corresponding year which ended in P291.3 million. Turnstar executives apportioned the surge in rental revenues to strong rental...
Unveiling the group’s financial performance on Wednesday, officials said the growth was primarily driven by transaction banking, strong cash management solutions, migration to digital, trade financing, differentiated and high-yielding derivative...
Such an initiative that the diamond mining company and its partners are supporting is the Textile Accelerator Programme whereby a number of local tailors are empowered on how to access capital amongst other benefits.The company’s Corporate Affairs...
Figures released by Statistics Botswana today show that the contributions of food and fuel to annual inflation fell to 0.7% and 0.2% in March, from 0.8% and 0.9% respectively in February.Food inflation was measured at five percent in March, from 5.8%...
Since October 2022, amendments to the Act have provided for enhanced withdrawals at retirement, raising the commutable or cash payout of the pension at retirement, from one-third to 50% of accrued savings.In a briefing on the group’s financial...
BusinessWeek is reliably informed that Ghaghoo, which was the country’s first underground diamond mine, could be headed for a dim future after the remaining staff received letters warning about possible retrenchment.In 2022, Gem Diamonds spent $1.9...
Known more commonly as the “slate,” the formula is a calculation of the costs involved in supplying and distributing various forms of fuel within the country. Every month, BERA looks at the movements of the various factors in the slate, to gauge...
Absa Bank Botswana realised growth rates of seven and 50% in the number of digitally active customers in its Retail and Business Banking segments last year, CEO Keabetswe PhekoMoshagane said recently.Speaking at the presentations of the bank’s...
Sweet Sting, which specialises in producing high-quality honey, honey juice, and beeswax products made from honey, has been dedicated to providing customers with natural and delicious honey products that are both healthy and sustainable.According to...
By mid-February, BURS was lagging behind its target with collections of about P42.5 billion due to what Finance Minister Peggy Serame, told Parliament was the underperformance of income tax and customs receipts from depressed mineral tax revenue and...
For the year ended December 2023, Letshego reported an 82% drop in pretax profit from P684 million to P121 million.The downward trend extends further to the previous financial year in 2022 where Letshego reported a 30% drop in pretax profits to P801...
In an update to members, the country’s second-largest pension fund noted that assets in the fourth quarter grew by 5.2 percent, driven by global property, global equities, global bonds, emerging market bonds and emerging market equities.The...
On Tuesday, BERA officially awarded Botswana Oil (BOL) the first substantive fuel import licence, as part of a legislative change under which the parastatal takes over 90 percent of the country’s fuel imports.Effective April 1, BOL is responsible...
In a statement, the bank noted that it had signed a Memorandum of Understanding with the BCM to help drive sustainable economic growth and development.The partnership has a particular focus on advancing the economic pillar through value chain...
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