Figures from the Ministry show that the surplus in the first quarter of the 2023-24 financial year, a period which covers the months between April and June, was powered largely by Southern African Customs Union (SACU) receipts and mineral...
In a notice to the Botswana Stock Exchange, the Corporation noted that the improved performance was powered by rental revenues, which rose by P30 million to P169 million. The rental revenues were in turn supported by a P29 million subsidy from...
Vula is a purified water bottle company operating in Selebi-Phikwe. Despite being a young company with operations that started in August this year, it has muscled its way into the market, asserting itself as a force to reckon with in purified water...
In an interview with Business Monitor on the sidelines of a bell ringing ceremony last week, United Capital chairperson, Chance Kabaghe said the company is exploring an equity raise on the BSE depending on whether the bond capital float proves to be...
Delivering the Authority’s annual report overview last week, CCA CEO, Tebelelo Pule said consumers in the country are at risk of unfair business practices that emanate from practices that are not in line with fair business. This, according to Pule,...
The feat has garnered attention not only within the industry but also from the highest office in the land, as Chobe Holdings’ Group Managing Director, MC Odumetse, recently showcased the eco-initiatives to President Mokgweetsi Masisi.During the...
By close of market on Wednesday, the DCI was up 15% in the year to date, led by counters such as Chobe Holdings (+88.6%), Standard Chartered Bank Botswana (+77.7%), Seedco (30%), Absa Botswana (22.1%) and First National Bank Botswana (21.7%).The last...
Interested bidders have until December 22 to submit their proposals for the project, which will be developed on a Public Private Partnership (PPP) model. According to the bidding note published recently by Botswana Oil, investors will be required to...
Under the agreement signed this week in Gaborone, the central bank will work hand in hand with Frontclear on drafting a money market diagnostic framework, a policy that will guide money market operations in the country.The local money market is a...
The authority is mandated to regulate all merger and acquisition activities taking place in Botswana, a responsibility that ensures that markets remain competitive and no firm assumes monopoly or undue market dominance in any sector.On Tuesday, the...
Prior to the record profits seen last year, the previous peak in banks’ after-tax profits was P2.02 billion in 2018. Bank of Botswana (BoB) figures released recently indicate that commercial banks are powering towards a fresh high this year, helped...
Earlier this year, the BMC was accredited to export beef to the UAE following negotiations that were conducted at the Expo. It was also revealed that plans are also underway to complete accreditation of the BMC Maun abattoir to also gain access to...
“The ministry is actively pursuing the development of offgrid solar PV solutions to provide electricity to remote areas that are currently not connected to the grid. This initiative will further increase renewable energy contribution to our energy...
The Orange Data Centre carries the Uptime Tier Certification (Tier 3), a classification system employed to standardise the reliability and availability of data centers worldwide internationally. The certification, granted by the globally recognised...
Lerala Mine, located in the Tswapong area, closed at the end of May 2017 after its Australian owner, Kimberly Diamonds, ran out of operational cash amidst weak sales. At least 130 workers lost their jobs, with a few others retained for care and...
BusinessWeek is informed that the mineworkers met with executive management this week in the aftermath of the $1.8 billion (P25.2 billion) deal sealed by MMG to take over the country’s largest copper producer.In a heated meeting that reportedly...
Although recognised for its importance in providing financial services like cash management, payment processing, and hedging structures to a diverse clientele of small and mid-sized enterprises to large corporations, the greater impact of corporate...
According to NBFIRA, complaints against brokers mainly stem from poor advisory services rendered to clients which leads to underinsurance of risks.Speaking at Botswana Life’s recent Broker Connect Conference, NBFIRA CEO, Oduetse Motshidisi said...
The auction held on November 24 is the fourth in a row where the central bank has been able to raise the target amount of debt it has been seeking for government. The latest trend is a sharp turnaround from the prolonged period of under-allotment...
Diamond exports as recorded by the data agency, fell to P2.4 billion in September, from P6.2 billion in August, underlining the sharp drop in both demand and prices for the precious stones seen this year.The country’s trade balance or the...
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