The deal is the biggest private sector acquisition to date in the local market and gives MMG access to a top-producing asset in the rich but underdeveloped Kalahari Copperbelt. The sale, which is expected to close in the first half of 2024, is...
The spirited entrepreneur is bent on creating a platform that sparks conversations on how agriculture in Botswana can be made better and he does this through a renowned farmers market that is hosted annually in Molepolole. The farmers market is a...
The launch of the campaign has seen local retailers increasing the number of local products on their shelves and also committing to engaging local producers on their listing requirements.Under the stewardship of BITC, the campaign has spurred local...
In their presentation of the budget statutory paper to Parliament members, officials disclosed that the expected high deficit for the 2024–2025 financial budget may lead to a reassessment of debt ceilings and an increased reliance on borrowing to...
The Competition and Consumer Authority (CCA), a government body overseeing anti-competitive practices, has expressed reservations about the merger, pointing out the dominant market share of the two companies in the country's energy...
She shared her journey in the world of design with BusinessMonitor. “It all started in high school when I did Design and Technology which I aced, and then proceeded to the senior school, and passed as well,” Diseko said. “I later enrolled for...
He told Members of Parliament that CEDA has foreclosed about 237 accounts valued at P175 million since the pandemic, with two from the hospitality sector valued at P25 million. As at March 31, 2020, before the onset of COVID-19, CEDA’s portfolio...
The company said for the quarter ending September, its sales picked to $56.9 million outperforming market expectations that diamond revenues will sink due to a subdued diamond market.A quarterly report released by the Canadian company noted that the...
The study looked at historical economic figures and the growth forecast going into the future, given the prevailing and forecast macroeconomic circumstances. The study was undertaken as part of a periodic obligation by the World Bank to member...
The latest edition of the BoB quarterly Business Expectations Survey (BES) indicates that confidence amongst firms has continued to improve compared to the previous survey that was done in the second quarter of this year.The survey highlighted that...
This was revealed by SEZA CEO, Lonely Mogara, at the sixth Mayor’s Forum in Nata on Wednesday. Mogara revealed that Parliament approved the declaration of Sowa Town as an SEZ in August 2019 and mandated the Authority to develop, manage and regulate...
The 11-year-old firm secured a P500 million private equity mandate from the Botswana Public Officers Pension Fund (BPOPF) in 2018 and has thus far invested half the capital in local entities such as the Funeral Services Group and the Minet...
In the 12 months to October, food inflation was measured at 6.5 percent down from 7.7 percent in September, representing the highest price increase for specific goods and services.According to figures released by Statistics Botswana on Wednesday, the...
As the world chatters a path towards digitising manual operations, local tech savvy entrepreneur, Kabelo Maverick, has been breaking ground with his company Digital Thread.Founded with the vision of being a company of the future, Digital Thread, has...
The call was made by President Mokgweetsi Masisi in his last week’s State of The Nation Address where he bemoaned that the repayment of loans is currently low. “For the sustainability of the fund, as well as for equity, I urge recipients of loans...
De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.“Macro-economic challenges continue to affect the...
Presenting the State of the Nation Address on Monday, President Mokgweetsi Masisi said government will facilitate the establishment of a horticulture market.“The market will enhance self-reliance, access, competitiveness, and price stability, the...
Grit sold its 70.3 million shares, which represented 25.1% equity in Letlole, in four open market transactions on the Botswana Stock Exchange (BSE) between January and June. Each of the four transactions squeezed LLR’s share price down, from P3.48...
Live cattle sales had temporarily been opened up from October 2020 as a way of giving farmers alternative income streams outside of the Botswana Meat Commission (BMC), which has been the sole institution statutorily allowed to export beef products in...
On Wednesday, the minister told state television that government’s discussions with the banks were on issues such as risk, which have in the past prevented citizen entrepreneurs from accessing finance for capital-expansive sectors such as mining...
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