Directors say the move, which could involve P250.1 million for 217 million shares, would also be a signal to investors that Letshego has excess capital and is “therefore attractive to other investors that they should invest in Letshego”. This...
According to figures released recently by the Bank of Botswana, meat exports which primarily comprise beef, soared to P173.6 million in the first quarter of 2024, the highest quarterly outcome since 2019.Beef sector insiders told BusinessWeek that...
According to recently released Bank of Botswana data, various sectors of the economy, including households, owed commercial banks about P6.1 billion as at April 30. About P1.57 billion of this was classified as “specific provisions” which means...
A half-year trading report released by the bourse this week indicates that the market capitalisation of firms listed on the Domestic Companies Index (DCI) rose from P42.9 billion on June 30 last year, to P50.3 billion on June 30 this year.Average...
The Minister of Entrepreneurship, Karabo Gare, said at the launch last week that entrepreneurs are crucial contributors to the country’s GDP as they create jobs and strengthen value chains in vital sectors such as mining and agriculture....
This is true for Yoli Café, a distinguished name in the local food catering industry, which has carved a niche for itself in the competitive world of catering, offering a diverse range of culinary delights that cater to various events and occasions....
Metshelo are traditional savings schemes in which members contribute funds on a monthly basis and share the returns in cash or kind on an agreed date. Being unofficial, however, many such cooperatives have fallen through the cracks in commercial bank...
As at December 2023, Access Bank PLC held 78.15% equity in the local bank, a stake acquired through the purchase of ABC Holdings’ equity in early 2021. Over the two deals last week, Access reduced its direct shareholding in Access Bank Botswana...
A recession is economically defined as a sustained period of weak or negative growth in real GDP (output) that is accompanied by a significant rise in the unemployment rate. The most common definition of recession used in the media is a ‘technical...
Since at least 2020 when government dug deeply into the reserves to finance the COVID-19 budget response, the central bank has been advocating for a portion of the savings to be set aside or “ringfenced”. The Pula Fund, which houses the...
Botash, the key producer of natural sodium and related products in the Southern African region, is one of the most flourishing local companies and last year the company’s annual revenue exceeded P450 million.Phatshwane said that owing to the poor...
The tax season kicked off this week, with the BURS urging all eligible taxpayers to file their returns for the year which ended on June 30.However, poor compliance rates have dogged the individual tax filing period, with just 38,000 returns filed...
The April deficit is the eighth successive month of shortfalls in the country’s merchandise trade balance, the measure of exports and imports of goods. Statistics Botswana revised the March deficit to P363.7 million from an initial estimate of P2.5...
The event is designed to highlight mining-supported manufacturing ventures and provide a crucial networking platform for emerging entrepreneurs.Briefing journalists on Tuesday, BCM's CEO, Charles Siwawa, stressed that the summit’s focus is on...
Inspired by the haute couture concept, the business is not just about baking; it’s about making each creation a stylish statement. In an interview with BusinessMonitor, Couture Confections’ representative, Amogelang Modisane, said the company...
The initiative kicked off with a group of students from Naledi Senior Secondary School, marking the beginning of a nationwide effort to engage and mentor the next generation of leaders. The ‘Future Leader Day’ programme offers basic education...
The DPF is a defined contribution pension fund established in 1984 as a trust through a joint initiative between Debswana, Anglo American Corporation Botswana, and De Beers Prospecting Botswana with key investments in property, equity, bonds and...
FCB Botswana is part of the FMB Capital Holdings, a Malawi-born but Mauritius headquartered financial group with other operations in Malawi, Mozambique, Zambia and Zimbabwe.According to the results made available last week, FCB Botswana enjoyed a...
Phatshwane was addressing the media last Thursday after a tour of the mine. Botash is the largest producer of natural sodium products in Africa, currently producing soda ash and salt. The production capacity for soda ash is 300,000 tonnes per annum...
In a public notice last Friday that directors stressed was not an offer or an undertaking to make an offer, RDC Properties’ directors said the group was potentially looking at offering PrimeTime investors 0.6875 RDC units for every one PrimeTime...