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BoB mulls retail bonds from P15bn note programme
Batswana could soon join citizens in a handful of other African countries with access to state-backed retail bonds, the blue chip investments that offer top notch returns with the risk-free status...
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Bank of Botswana holds bank rate steady at 5%
The Bank of Botswana this morning maintained the bank rate at 5%, continuing its push to boost economic activity through accommodative interest rates.
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Matambo updates Parly on Botswana debts
The Minister of Finance and Economic Development, Kenneth Matambo told Parliament that at the end of March 2018 there were nine international financial institutions including Regional Financial...
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Black Label lifts KBL as Castle Lite & others flop
High sales volumes of Carling Black Label softened yet another tough year for Kgalagadi Breweries Limited (KBL) in which returns on brands such as Castle Lite shrank.
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Ten firms queue up as SPEDU tax deal goes to Parly
At least 10 firms have applied for the SPEDU tax arrangement, under which those approved would enjoy revised rates of five percent, instead of the prevailing 22%, BusinessWeek has established.
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Pasdec pares back losses after tough debut
Pasdec Automotive Technologies, the Malaysian parent of an automotive components manufacturer based in Lobatse, cut its losses by nearly 83% to R8.2 million (P6.3 million) last year, after finalising...
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The costs of a trade war
The Trump administration’s introduction of sweeping import tariffs on steel and aluminium raises the real possibility of a global trade war. The effects would be felt everywhere, but...
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Gov't starts paying P1.2bn arrears to oil companies
Oil companies this week began receiving part-payments of up to 40% of total debt owed, as government moved to reduce its arrears of about P1.2 billion, the first such payments since last June.
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Gov't to ban importation of cement
Government will effective September 2018 restrict the importation of cement. This, according to the Minister of Investment, Trade and Industry Bogolo Kenewendo, is part of the process aimed at...
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No funds yet for Leather Park
The Ministry of Investment, Trade and Industry is still seeking development funds for the long-anticipated Lobatse Leather Park almost five years later.
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Does international cooperation require shared values?
The common norms on which international cooperation has been based for seven decades are increasingly being challenged not only by rising powers, but also by the countries that once promoted them....
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BPC bounces back to profits, targets higher exports
The Botswana Power Corporation's (BPC) has reportedly posted its first profit in a decade, as Morupule B's higher performance lowered the need for imported power.
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Pension fund investments fall P6.7bn
The value of assets held by the country’s pension funds locally and externally fell by P6.7 billion between January and February 2018, latest figures from the Bank of Botswana indicate.
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Goya admits to KBL suffering from alcohol levy, unfavorable trading hours
Assistant Minister of Investment, Trade and Industry Moiseraele Goya says alcohol levy and unfavorable trading hours has negatively affected the Kgalagadi Breweries Limited.
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Bona Life closes shop
Troubled life insurance company, Bona Life, earlier today shut its doors indefinitely, marking the culmination of a bitter shareholder dispute that traces back to the P400 million battle between the...
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BSE secures approval for "tough" new rules
The Botswana Stock Exchange (BSE) will next January initiate a new set of equity listing requirements, including a sterner disciplinary regime which will penalise errant companies by moving them to a...
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Defusing the US-China trade conflict
The emerging Sino-American trade war was caused by structural flaws on both sides that long predate Donald Trump's presidency. It also reflects the convergence of economic competition and national...
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Lerala boss escapes jail time in Australia
Alex Alexander, the sole director of the company that owned Lerala Diamond Mine and who reportedly ran the Tswapong Mine via a Whatsapp group, this week walked out of a Sydney courthouse a happy man...
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Local bread wars return as wheat levy cut again
The recent slashing of the wheat levy to nine percent has reignited an eight-year war between local millers and bakers, with one major milling company saying it has no choice but to cut 120 jobs.
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Barclays Botswana initiates identity shift to Absa
Barclays Bank of Botswana this morning officially marked the transformation shift to Absa Group Limited, officially adapting the Absa operational culture, with the brand rollout expected to be done by...
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