The major factors facing the industry in the second half of the year are high inventory levels of polished diamonds in the midstream, which affects demand for rough diamonds, as well as ongoing global economic uncertainties, particularly in major...
This was confirmed by President Mokgweetsi Masisi when addressing a political rally in Tonota over the weekend. Previously, there have been concerns from various stakeholders that challenges posed by factors such as managing the impact of COVID-19...
The country’s largest pension fund is also the biggest investor in local listed equities, with a P13 billion portfolio as at March 2023. Officials this week said this exposure was expected to increase as changes in pension fund legislation will...
The Mmamabula-Lephalale railway line has been in the works since at least 2011 and the delay in its construction has frustrated developers along the country’s eastern coalfields.The link, which will run for about 113 kilometres from Mmamabula to...
The plea was raised on Tuesday, at the opening of the Local Manufacturer’s Summit held in Gaborone.Speaking at the event, Botswana Exporters and Manufacturers Association (BEMA) CEO, Mmantlha Sankoloba, said that despite the manufacturing sector...
Moyo, who is an artistic genius, began his journey in the arts space in 2004 when he was still in primary school. He recalls vividly being captivated by an art piece, which he got lost starring at for hours and in that moment he knew he was called to...
The whooping revenue is an uptick of 21% compared to the prior financial year. The group reported that for the same financial year it generated profits of P403 million, as profit before tax (PBT), which represents a growth in profit of 21% a growth...
De Beers officials said this week during their interim financial results presentation that they expect the fund to target non-mining sectors of the economy to reduce mineral dependence.The two parties have been engaged in increasingly tense...
Through the agreement, the two entities aim to provide a training needs analysis for the prospective and current entrepreneurs in different districts in Botswana as well as to provide research and innovation to address contemporary issues. It also...
Last week, LLR announced its role as the lead sponsor of the Women In The Built Environment Power Brunch, an event that has gained recognition for its focus on empowering women practitioners in the industry. The term built environment refers to...
The move comes as government fast-tracks projects under the 20-year IRP in order to meet a target of having renewables contribute 30% to the country’s energy mix in the next seven years. Originally, the country had signed up to global climate...
BusinessWeek has established that senior officials from the ministry are scheduled to visit the coastal country soon for an on-the-ground appreciation of the project, as part of assessing the offer to invest.Botswana consumes approximately 100...
The exact reasons behind the mass suspension are unclear but BICA officials have said the affected accountants were not complying with the requirements of BICA membership.By law, all accountants operating in the country are required to register with...
Speaking on Wednesday at an economic briefing for journalists, Governor Moses Pelaelo said the central bank had essentially put the brakes on the initiative.“We found that it’s very complex and expensive to do,” he said in response to...
The gang is believed to be responsible for a surge in fake notes this year, where the Bank picked a staggering 3,214 counterfeits between January and June, compared to 917 for whole of last year. The most affected currency is the P200 notes. "In...
The three-day training programme for teachers in the southern region of Botswana, under the programme known as First Lego League (FLL) Training of Trainers, took place at the Hub’ Training Room earlier this month.In a statement, the BDIH said...
As an IPP, Jindal will carry the costs of building the power station, running and maintaining it, while selling the power to the Botswana Power Corporation (BPC) under an agreement known formally as a Power Purchase Agreement (PPA).The PPA for the...
Last Friday, LEA signed a Memorandum of Understanding (MoU) for the new initiative with partners who include the Botswana Chamber of Mines, Ministry of Agriculture, the European Union (EU) and the Joint Action Support towards Industrialisation and...
JP Morgan Chase consultant, Tadiwa Mubvumbi said when speaking at the Institute of Chartered Accountants of Zimbabwe’s (ICAZ) Winter School held here last week. ICAZ is Zimbabwe’s oldest professional accounting body and the organisation holds its...
The Chamber represents the country’s mineral producers and has embarked on citizen empowerment initiatives from as far back as ten years ago, through engagements with the government in working towards further contributing to the economy.Speaking at...
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