Figures disclosed by Agriculture Minister Fidelis Molao in Parliament this week, reveal that local output constituted approximately 10% of national demand last year, a decline from the previous average of 12%.Despite an improvement in milk...
The auction on February 23 saw bids worth P1.2 billion for a P400 million, three-month Treasury Bill (T-Bill) and bids worth P1.9 billion for the P450 million offered under the six-month T-Bill.The three bonds on offer, with maturities ranging from...
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...
By the last estimates, Southern Africa’s had an electricity deficit of more than 10 gigawatts and is also largely dependent on imports for other forms of energy such as petroleum. While coal is abundant in the region, its burning is associated with...
The journey of the seasoned potter with over 32 years of experience in studio pottery, began when he was introduced to the art form by his teacher at secondary school. His passion for creating pottery pieces led him to train and work as a potter at...
The diamond miner’s sales fell through the cracks of a depressed diamond market that has been undergoing steep downturns.Total revenues for the year totalled P2.4 billion compared to P2.9 billion recorded in 2022. The weak sales performance comes...
Those residing in areas like Mabalane, Sikwane, Mmathubudukwane, Ramonaka and Malolwane have expressed joy and relief at finally having access to a reliable power source.Following the launch, transmission will be transferred from the South Africa’s...
Responding to a question on impediments in the way for entrepreneurial successes in Botswana, Entrepreneurship minister Karabo Gare admitted that indeed there were hindrances faced by business owners.“I am aware of various impediments in the way of...
Johan Janse van Vuuren, the project’s Operations Manager, conveyed to Businessweek on Tuesday that this harvest would signify Botswana's first-ever citrus exports. The initial harvest will feature lemons, followed by oranges, grapefruit, and...
The central bank has generally maintained an accommodative monetary policy stance for years, only breaking the trend in 2022 when 14-year high inflation forced interest rate hikes of 151 basis points.The looser monetary policy stance is aimed at...
Non-interest income has been a star performer for FNBB over the years, as the bank has reaped the dividends of its heavy investment in fintech innovation.In the six months to December 2022, FNBB’s non-interest income grew by five percent to P757.3...
In the Global Risks Report 2024, a survey of business and economic experts from around the world highlighted steep economic hurdles lying ahead for the world in the next 10 years, as a culmination of environmental risks, geopolitical tensions, and...
This draft will outline national priorities and projects to be funded from 2025 to 2030. Multi-year NDPs have traditionally provided the policy framework and national priorities guiding annual budget spending since Independence. The current two-year...
Last year, determined to find a solution, she embarked on a journey to create high-quality products that are not only effective but also safe for the whole family.That was when her company, House of Nalah, was born.The business is a budding...
According to Trans, the new project dubbed 3 Square Banner Stores, is aimed at empowering SMMEs and local entrepreneurs to thrive while equipping them with the necessary skills to improve their businesses. Head of Marketing and Communications at...
Last week ,during a financial wellness webinar, officials of the bank stressed the importance of right financial practice as a pre-requisite for farmers to benefit from Temo Letlotlo, which is a new arable farming programme that replaced ISPAAD. NDB...
The new deal comes after Lucara terminated a previous 10-year deal with HB last September citing 'a material breach of financial commitments'.A statement this morning from Lucara says the agreement covers stones larger than 10.8 carats.The...
By the last count, the country had 48 diamond cutting and polishing firms, most of which are clients of De Beers from whom they are under contract to purchase rough diamonds in 10 sales events each year.However, with diamond prices and demand...
According to the financials released via the Botswana Stock Exchange on Monday, the BDC fell into losses, from pretax profits of approximately P32 million in the year to June 2021.“The corporation was faced with adverse market forces which resulted...
In an interview with BusinessWeek, the CEO of the one-year old regulator, Tumelo Motsumi said that the Authority is aware of concerns about poor delivery of projects by contractors as well as the swelling number of projects that cannot be completed...
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