The Botswana Investment and Trade Centre (BITC) will host the 17th Edition of the Expo under the theme ‘AfCFTA as a springboard for improved Intra-Africa trade’ and a key feature of this year’s edition will be the business forum which starts on...
This was revealed by President Mokgweetsi Masisi when speaking at the 300MW Thermal Power Station groundbreaking ceremony held at the Jindal Capricorn Camp here on Thursday."We are currently reviewing the connection fees with an intention of...
The Union and mine management differed over a formula to be used for overtime at the mine.The BMWU had argued that the monthly calculation of how much overtime shift workers are entitled to, should be based on average working hours over two weeks and...
The development is a triumph for the BSE, which has been advocating for sustainability issuances and last year offered a 25% discount on listing fees for issuers.By listing its note programme, Absa Bank Botswana is now in a position to regularly...
Each financial year, the Finance ministry sets the tax agency a target for collections, based on economic conditions, policy initiatives such as an increase in rates and other considerations. This year, tax earnings are expected to contribute up to...
The DPF is the country’s second-largest pension fund after the Botswana Public Officers Pension Fund, and the largest covering the private sector.The DPF’s positive performance was driven by stronger economic growth, positive earnings outlook,...
Pheko, who has been a non-executive director at BTCL since 2018, was appointed interim chair last Tuesday to replace Boakgomo-Ntakhwana.Pheko was the founding CEO of the Botswana Communications Regulatory Authority (BOCRA), having led its...
The development comes five days after Lucara's new CEO, William Lamb, announced the termination of the miner's 10 year agreement with HB Antwerp under which the Belgian firm buys, polishes and sells Lucara's rough diamonds.In yet another...
The figures come as India – which cuts and polishes at least 80% of the world’s rough diamonds – announced on Wednesday that it is banning imports of the stones for two months in order to “better manage the balance between supply and...
For over five years the vendors have been resisting calls to relocate as they argue that other alternative spaces offered by the council are not suitable for their businesses.On the other hand, council authorities have argued that the land where the...
The listed group’s ‘Go to Africa’ strategy suffered a knock early this year when a shareholder tussle resulted in the exit of Grit Real Estate, the pan-African group that was leading LLR’s push into the continent.From being the second largest...
The national airliner has experienced losses since 2008 due to an ageing fleet, high maintenance costs, equipment failure, route redundancy and pressures from competition.Air Botswana acting CEO, Masego Mookodi, recently told BusinessWeek that the...
The deals signed on Saturday afternoon, known as heads of terms, follow an agreement in principle reached between the two sides on June 30, which came after five years of increasingly tense negotiations. At the tail end of the talks, President...
Narrating her journey to the world of design and fashion, the fashion designer reveals she has always had a hunch about belonging in the fashion industry, citing her adolescent attraction to clothes and art. Rantatana explains it is from this...
The deal was announced recently through the signing of a Memorandum of Understanding (MoU) between the two parties.Through the MoU, Air Botswana will facilitate air cargo transportation of raw materials, import and export of finished manufactured...
The mass grocery retailer is currently working closely with 1,800 local farmers who are actively supplying them with produce and have an additional 200 seasonal ones.“We have active farmers who supply us with quality produce; the active ones...
Shortlisted for the mine include the Australian-based Citic Pacific Mining Company, MMG, Exxaro, Endeavour Mining, Impala Platinum and Zijin Mining. MMG and Zijin Mining have major Chinese equity ownership.This week, sources familiar with the...
The new product is aimed at lower-earning individuals who may not be the target market for the mainstream financial services sector.The move to introduce insurance under beMOBILE Smega, BTC's mobile money product, boosts the group’s fintech...
The firm, a subsidiary of the iconic 118-year-old Indian group, opened its doors in Botswana in 2014 with a focus on cutting and polishing rough diamonds, before launching its jewellery plant in January this year.From 45 employees at inception, KGK...
Traditionally in the diamond industry, the period between Thanksgiving in the United States and the Chinese New Year, represents the peak retail selling period every year.Healthy demand for diamond jewellery and stones in key markets such as the US...
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