The summit is an exclusive gathering of private investors, family-owned businesses, and wealth owners from Africa, the Gulf region, and India. It is a two-day event focused on education, peer-to-peer insights, investment opportunities, and high-level...
In the April edition of its World Economic Outlook (WEO), the IMF had projected 3.6 percent growth for Botswana in 2024, whilst government at the time of the February budget speech, expected a 4.2 percent expansion.In a September update, after...
In a recent statement, BotswanaPost shared progress on several key projects designed to improve service accessibility and bring essential financial solutions to underserved communities across the country.One of the major developments underway is...
Credit ratios represent the ability of consumers to repay their debts to companies and a decline in credit ratios represents a decline in the ability of customers to repay hire purchase instalments to retailers such as Furnmart.The group’s recently...
The October 25 auction is the fourth monthly auction in a row at which the Bank of Botswana, as government’s banker, has missed the debt targets it sought to raise from the capital market.The BoB conducts monthly auctions of short-term treasury...
In a statement, the union said it was committed to working with the new administration and Parliament on poverty eradication, economic recovery, trade and investment, and respect and fulfilment of workers’ rights in the mining industry. The...
For the period from September 2023 to August 2024, Botswana’s trade deficit has been negative, reflecting an unfavourable trading condition for the landlocked country. “Since September 2023, Botswana has consistently recorded a trade deficit. In...
At present, the country’s sole gold mine is Mupane where work has been suspended since March due to financial constraints. North Arrow last week announced that it had successfully raised $2.2 million as part of earning a 60% equity interest in the...
The Mmamashia Water Treatment Plant is a cutting-edge facility that combines the refurbishment of existing infrastructure with the construction of advanced new water treatment systems. Spearheaded by Khato Civils in a joint venture with South...
In August, Caner met with President Mokgweetsi Masisi, Minerals and Energy minister Lefoko Moagi, and other senior government officials, reportedly to finalise the Tati deal.Caner’s wholly owned investment group, NIU Invest, successfully submitted...
Duncan Wanblad, the CEO of Anglo American which holds 85% equity in De Beers, said assessment of the situation was continuing to guide any further production decisions.“As previously announced, we reduced rough diamond production from De Beers in...
The index, which gauges the performance of financial markets across 29 countries, ranked Botswana sixth in Africa, a run up from the seventh position held last year.According to the AFMI report, African financial markets have been resilient to...
Despite having low debt levels compared to most African countries, Sanlam economists believe Botswana’s overreliance on diamonds reveals an urgent need for a wider tax base. Sanlam economist, Patrick Buthelezi, told BusinessWeek during a Business...
BMWU General Secretary Mbiganyi Gaekgotswe told BusinessWeek that progress has been slow in getting Leru off the ground.In 2022, BMWU launched Leru, a 100% citizen-backed firm under the ownership of Badirakhumo Investments, a joint venture between...
From January 2025, the country of origin will be expanded to rough diamonds above one carat in size.The announcement this week comes as De Beers and the natural diamond industry mount a festive season marketing campaign that is crucial to a...
Yesterday’s debate was the last kick for the presidential candidate’s Dr Mokgweetsi Masisi of BDP, Dumelang Saleshando of Botswana Congress Party (BCP), Duma Boko of the Umbrella for Democratic Change (UDC) and Mephato Reatile of Botswana...
The plant’s focus on retrofitting locally-owned vehicles into eco-friendly alternatives is not only revolutionising the automotive industry but also empowering Botswana to embrace the green revolution on its own terms. On Wednesday, BITRI...
Onalenna Keretswe : Tota rona ga re battle BDP go bua nnete. Masisi must fall ga a direla Batswana sepe gotlhelele. I do not care which party wins as long as it’s not BDP. This is the same party that whenever there is a Forbes event, they...
This week marked the birth of the Milk Afric Dairy Project now rebranded as Milk Valley Farm, a P70 million dairy project by the Botswana Development Corporation (BDC), that aims to transform Botswana’s reliance on imported milk into a thing of the...
BVI CEO Andrew Madeswi shared the institute’s ambitious plans in an interview with BusinessWeek, revealing that the study has shown the potential for producing human drugs and vaccines locally."We have completed the feasibility study about...
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