In a market update this afternoon, Giyani officials said the company had secured $10 million (P136 million) in funding from ARCH Sustainable Resources Fund LP, a private equity fund focused on “strategic, long-term investments in natural resources...
In its latest Global Economic Prospects (GEP) report released last week, the World Bank’s researchers added ten basis points to their June 2023 forecast of Botswana's economic growth for the year 2024.At 4.1%, the projected growth is higher...
The young medical practitioner, Dr Betty Mosenye, broke the norm and decided to use her spare time to unearth her entrepreneurial side.According to Mosenye, who is a medical doctor at Princess Marina Hospital, it all started in February 2022 while...
Sources at the blue chip listed bank said unidentified scammers had employed different tactics in an attempt to defraud the bank’s customers over the busy festive season.Such tactics include vishing, phishing, social engineering and card fraud....
The company’s Sales and Relations Manager, Onkemetse Phiri, said the prestigious accolade comes as a testament to the company's unwavering commitment to providing top-notch technological solutions and services in the region."Notably, Hard Pro...
Through its Botswana Export Development Programme (BEDP), which was launched in 2013, the government’s investment arm has provided various interventions to companies to help them reach export readiness.The programme empowers local businesses to be...
Insiders close to the latest developments told BusinessWeek that despite the Gambling Authority (GA) and its preferred bidder, Ithuba Botswana, having completed negotiations almost a year ago, progress towards kick-starting the lottery has been...
Half year results shared with investors on the Botswana Stock Exchange (BSE) this week attribute the profit before tax growth to higher fee and commission income, which witnessed a substantial increase of 105% year on year, primarily driven by the...
Signet, which is responsible for the sale of half of Botswana's diamonds in the retail market each year, shared signals of hope with both De Beers and local media during a round-table last week. Its CEO, Gina Drosos, said the global diamond...
Statistics Botswana figures show annual food inflation dropped from 6.7% in November to 6.1% in December, while inflation associated with transport fell to 1.5% from 2.2%. Annual inflation associated with personal care fell from 8.9% to 7.7%.The...
Two Treasury Bills (T-Bill) were offered in the December 29 auction which capped a period in which the central bank has seen declining yields for the notes it has been floating. The three-month bill, which offered P400 million, received bids worth...
One company that has become a prominent name in the industry is Len Bakeries, which specialises in baking scones, cupcakes, mapakiwa and manufacturing of butter creams.Established in 2013, the business offers diverse products which include ice tea,...
This week during a visit to the De Beers, Gina Drosos CEO of Signet Jewelers, an international jewelry trader said that she is hopeful that once the ban is fully instituted will direct the markets eyes to Botswana hopefully sparking up demand for the...
According to Chief Executive Officer (CEO) Peter Kesitilwe, the robust licensing drive is part of the Authority’s strategic intent of digitizing gaming and gambling as well as enhancing direct economic participation of citizens, new entrants, and...
The trade deficits reported for September and October last year, which are the last available official figures from Statistics Botswana, indicate a collective shortfall of P10.1 billion. Between both months, the single biggest factor has been the...
With a total budget estimated at $6 billion, the underground mine at Jwaneng will be the country’s single biggest project ever by value and, according to Debswana, will create the world’s largest underground diamond operation.On Wednesday,...
Under the move, the G7 wants all global rough diamond production shipped Antwerp for certification that the stones are not of Russian origin, something described by Minerals and Energy minister, Lefoko Moagi, as “market swallowing”.The G7 or...
Figures released late last month by Statistics Botswana also indicate that the September deficit of P3.9 billion was revised deeper to P4.5 billion. Both the September and the October deficits are the first recorded in 2023 and are directly linked to...
According to the magazine, the awards recognise officials that have best managed to stimulate growth and stabilise their economies. The annual awards select outstanding Finance Ministers from across the globe.The Banker’s editors noted that...
In a statement, the Finance Ministry said the weighting of the Pula against the basket of currencies would be maintained at 55 percent Special Drawing Rights currencies and 45 percent South African rand. The International Monetary Fund’s Special...