Just under six months into office, the government of President Mokgweetsi Masisi has been greeted by a less-than-sanguine picture of underlying economic conditions. The economic-stress however started during the era of Masisi’s predecessor – Ian Khama.
Despite making marked advances as business owners, women entrepreneurs across the globe are still facing hurdles, the MasterCard Index of Women Entrepreneurship (MIWE) 2018 report has said.
The report states that there are some deeply surrounded factors such as gender inequality that are limiting women-preneur’s ability to start or grow their business.
While Botswana was this month plunged in a publicity nightmare following false reports of mass elephant poaching - there has been a silver lining in the form of good publicity that places Botswana as the still go to area for spectacular safari experiences.
Due to improved global demand, it is expected that Botswana’s non-mining output will increase in 2018 and 2019. The central bank through its Monetary Policy Report (August 2018) has identified atleast eight sub-sectors of the economy that are expected to be drivers of Botswana’s non-mining sector during the 2018/9 fiscal year.
The last sitting of parliament was marked by flurry of Bills, with some moved as matter of urgency, irking some members of parliament as to why the Bills were being rushed without intense debate. As it turns out, it was all done in good faith as Botswana is not compliant with the Financial Action Task Force (FATF) recommendations on Anti Money Laundering and terrorism financing.
The Wilderness Holdings Limited shareholders have snubbed prominent local attorney - Parks Tafa.
Tafa is said to have submitted his name for re-election to the board of the BSE and JSE quoted tourism outfit at its Annual General Meeting held in the capital Gaborone recently.
Minergy Limited has no plans to distribute dividends to its shareholders until the Company is profitable and able to generate the required free cash flow.
The Company’s latest release of financial results for the year ended 30th June 2018, that no dividends have been distributed to date as cash is utilized to ensure operations are in place.
Botswana’s foreign reserves have dwindled yet again from P74.7billion in June 2017 to P74.3billion in June 2018.
Bank of Botswana’s Monetary Policy report which is the source of the current statistics attributed this 0.5 percent decrease to foreign exchange outflows.
An evidently excited Chief Executive Officer of Forest Conservation Botswana revealed that his company has grown, continues to grow and has funded positive government’s developments like Strategic Environment Assessments (SEA) for the Chobe District.
Shareholders of Debswana Mining Company – the Botswana government and De Beers Mining Company are expected to “forfeit” their shares of profit to fund two key projects - Jwaneng Cut 9 and Orapa Cut 3.
While it is not yet clear how much each shareholder will pay towards the two projects, the Botswana government has hinted on an amount just over P4 billion.
The Domestic Companies Index (DCI) declined by a further 9.1 percent in the second quarter of 2018, continuing the downward trend that started in the third quarter of 2017.
The country's sole colliery, Morupule Coal Mine will not be able to take advantage of the shortage of coal in neighbouring South Africa, the company’s Chief Public and Corporate Affairs Officer Boineelo Seitshiro has said.
Choppies Enterprises Limited, the leading native grocer, with listings on the Botswana Stock Exchange and Johannesburg Stock Exchange, says the publication of the financial results for the year ended 30 June 2018 will be delayed. The company also warned its shareholders to expect lower profits.
At a time when we are being told that the big brother down South is still bull-dozing other members of the Southern African Customs Union (SACU), we ought to ask ourselves a few questions that include on how we intend to turn the tables as citizens and consumers in Botswana.
Gaborone United (GU) Chairman Boitumelo Nsunge has rubbished reports that the club is facing another lawsuit for not paying a former player.
Early this week, rumours started circulating that GU’s former Zambian player Jefferry Sikapite had written a letter of demand to the embattled club asking for his dues.
Township Rollers is allegedly moving closer to changing from a society to a fully fledged company. According to sources close to the team hierarchy, preparations are at an advanced stage to change the status of the club.
Botswana Football Association (BFA) has parted ways with its erstwhile suspended Finance Officer and former acting Chief Executive Officer (CEO) Susan Lawrence.
While the association is still cagey with details regarding its alleged sacking of Lawrence, the latter has however confirmed she has indeed left the employ of the BFA.
Tsaone Latiwa of Botrail Cycling club has become the latest cyclist to receive an elite scholarship to study abroad and further her sporting career.
The 19 year old will soon leave for Griffith College in Queensland, Australia, to pursue Bachelor of Medical Laboratory Sciences for duration of five and a half years.
Botswana Football Association (BFA) has confirmed that it has taken back the hospitality kit that was given to the national Under 17 side that did duty at the COSAFA Under 17 tournament that was hosted in Mauritius.
The two dozen or so journalists wrinkled their noses and gagged as they struggled to keep down the bacon and eggs breakfast they had just binged on at Kasane Travel Lodge Hotel. Most, however, just covered their noses from the aggressive stench of rotting flesh and jostled for vantage positions around the decomposed elephant carcass.