The deal unveiled on Monday was at least two works in its arrangement and represents the first sustainable-linked funding developed in the local market. Sustainable funding refers to financing linked to the borrower’s pursuit or attainment of...
The draft budget estimates are figures released annually by the Finance Ministry as part of the budget documents post the budget speech. The estimates outline both expenditure and revenue across government for the upcoming financial year and include...
The continuing and widespread theft of telecommunications infrastructure in Botswana is undermining the disrupting the supply of communication services to customers, BTC has previously lamented.Just last week, Zimbabwean duo, Thato Ngwenya and...
In an interview with BusinessMonitor, the game reserve manager, Henry Kangootui, said the business employs over 200 locals, of which 75 are permanent while the rest are casual workers and come in seasonally. He added that the Ngangane hotel employs...
Figures from the Ministry of Finance’s draft budget estimates published on Tuesday show that Air Botswana, the country’s troubled national airline, is scheduled to receive a bailout of P121 million in the 2024-2025 financial year. This follows an...
While Finance Minister Peggy Serame revealed on Monday that the HB deal was one of three strategic acquisitions government was budgeting for in the 2024–2025 financial year, she did not give specifics of the amounts involved.However, the draft...
These projects will be carried out in collaboration with Small, Micro and Medium Enterprises (SMME) in the country, said acting CEO Godfrey Molefe in a statement this week. These initiatives are part of LEA’s larger target of achieving a 17%...
Draft budget estimates released this week by the Finance ministry show that BURS has an even steeper mountain to climb in the new financial year which begins on April 1. According to the numbers, the BURS will be tasked with collecting P71.3 billion...
Delivering the Budget Speech this week, the Minister of Finance, Peggy Serame, revealed to have allocated the Education ministry P16.01 billion of which P15.54 billion was recurrent budget and a development budget of P472 million. Serame said the P16...
Serame’s address, in its many features, was composed like a jazz song, with a series of highs and lows, well-tuned to low-pitch notes that represent the economic perils the nation faces.At the beginning, the tempo was allegro and the speech sounded...
Keith Jefferis, one of the country’s most respected economists, says he has seen the situation around the record budget spending proposed this week, before.“I’ve seen this before in 1990 and the result was a lot of waste and a lot of...
Lettie Olesitse, 27“What I have noticed with us Batswana, is that there are certain sectors that we pay heed to.“For example let’s say there is a meeting about tourism at Riverwalk Mall, only a few will attend. It will be mostly those who are...
In a statement on Wednesday, BOCRA did not mention Starlink by name, but said it had taken note of a media statement concerning a licence application by a “certain global satellite operator”.The media reports, which broke out last week, claimed...
It was even problematic for net importers like Botswana, who rely heavily on imports from beverages to fuel and are reliant on established exporters like South Africa.However, the pandemic brought in business opportunities for a number of Batswana...
"As women, we have a responsibility to uplift and empower one another," she said. One way women can support each other, Masisi said, is to share information about the programme with others who may not yet be aware of its benefits. "By spreading the...
Presenting the 2024-25 budget speech to the National Assembly earlier today, the minister said government would seed the revolving fund with P200 million."The Chema Chema Fund with an initial capital injection of P200million is aimed at fundamentally...
According to Serame’s proposals, the 2024-25 budget should see revenues of P93.6 billion set against expected expenditure of P102.3 billion – the highest spending ever proposed in a single budget in the country’s history. The figures point to a...
Interest rates represent the cost of borrowing money, expressed as a percentage of the amount borrowed. An interest rate is the phrase used to define the additional amount that a person or corporation borrowing money must return in addition to the...
As the country waits to hear the last budget before the elections in October this year, it is anticipated that this year’s figures will wow voters, especially as they comprise the balance of spending under the P64 billion Transitional National...
Highly placed sources told BusinessWeek that the deal, the largest in the country’s private sector, is on track to be finalised in the first half of the year, as originally anticipated by the parties involved.On Wednesday, the CCA confirmed the...
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