RSS Feed

03 Feb 2019

BY KABELO SEITSHIRO

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) says Botswana’s capital markets sector continue to experience serious delays when doing transactions internationally.

This is so because Botswana has been grey-listed for non-compliance to local laws and international best practices on Anti Money Laundering (AML).

03 Feb 2019

By Bonnie Modiakgotla

De Beers, the world’s biggest diamond producer by value, has recorded its lowest sales for the first sight of the year since it began publicizing its sales data in 2016, as demand for smaller and lower quality diamonds wanes.

03 Feb 2019

BY PORTIA NKANI

The Business Botswana (BB), the mouthpiece of the business community have strongly called on the government to remove the amendment to increase the rate of transfer duty on the sale and transfer of property to non-citizens on the Transfer Duty Bill.

03 Feb 2019

BY VICTOR BAATWENG

03 Feb 2019

BY PATIENCE RADISOENG

When it comes to maintaining key and strategic roads, the Botswana government is a let –down.

This is according to the Botswana Tourism Board Chairperson - Laurence Khupe who cited the poor condition of Nata-Maun road, also known as A3 is bad for the economic activity in the area.

03 Feb 2019

BY KABELO SEITSHIRO

During the past 10 years of the authority’s existence, NBFI has grown noticeably by assets valued at P123 billion in 2017. The growth accounted for 68 percent of the national Gross Domestic Product with 57 percent of total assets in the local financial system.

03 Feb 2019

The Government will make a move to investigate allegations of racial discrimination and favouritism of the super rich Americans visiting tourism sites in particular the Northern Botswana ones infested with breathtaking wildlife adventure.

The tourism sector after diamonds provides the much needed revenue for the country and the welfare of its citizens.

03 Feb 2019

BY CEDRIC SWANKA

Globally, more and more companies are being founded by women. The same is true for Botswana as more and more women are beginning to develop a keen interest in owning and running a business.

29 Jan 2019

BY PORTIA NKANI

Following their decision to part ways with 56 employees at the end of last year, the National Development Bank (NDB) is now a leaner, effective and efficient financial institution that is confident it will turn over a new leaf and be profitable in the next two years.

29 Jan 2019

BY KABELO SEITSHIRO

Water Utilities Corporation (WUC) routine camera monitored inspections of the Glass Reinforced Plastic (GRP) water pipeline have revealed the pipeline is showing signs of failure necessitating a complete shutdown of the North South Carrier water pipeline for replacement.

29 Jan 2019

BY BONNIE MODIAKGOTLA

President Mokgweetsi Masisi says his administration is committed to diversifying the economy despite being in the shadow of an economic powerhouse dismissing talks that Botswana could find itself trapped in debt by China.

Masisi made his views known to different media outlets when attending the week long World Economic Forum at Davos.

29 Jan 2019

BY KABELO SEITSHIRO

Cresta Marakanelo Limited (CML) seeks shareholders approval to buy multi-million Pula rented properties from the Botswana Hotel Development Corporation (BHDC) - a subsidiary of the Botswana Development Corporation Limited (BDC) and Letlole la Rona Limited (LLR).

29 Jan 2019

BY KABELO SEITSHIRO

Suddenly after alighting from the driver’s seat at an organization she led for eight years, the outgoing Public Procurement and Asset Disposal Board (PPADB) executive chairperson has beef with skewed government tendering processes.

29 Jan 2019

BY BONNIE MODIAKGOTLA

A combination of cost savings, extraction of efficiencies from existing businesses, and improvement in consumer spending and sentiment are some of the reasons cited by Sefalana Group after it delivered an impressive set of half year financials.

29 Jan 2019

BY ARNOLD LETSHOLO

The sleepy town of Selibe-Phikwe, under-going rigorous   economic resuscitation, will come alive next month after being selected host for this year’s World Wetlands Day (WWD).

29 Jan 2019

BY CEDRIC SWANKA

The Motor Vehicle Accident Fund (MVA) says it is concerned by escalating costs incurred due to road related accidents running into millions of pula.

29 Jan 2019

BY PORTIA NKANI

The Canadian based Lucara diamond mine, which owns and operates the Karowe diamond mine, is to evaluate various mining scenarios that have the potential enable it access to valuable ore as it ventures into underground mining this year.

29 Jan 2019

BY BONNIE MODIAKGOTLA

De Beers, the leading diamond producer by value, had a good run in 2018 meeting its production targets, but the miner warns that production this year will decrease.

This was revealed by De Beers’ parent company Anglo American in its fourth quarter production report.

29 Jan 2019

BY CALISTUS BOSALETSWE

The Botswana Meat Commission (BMC) has denied the shutdown of its Francistown abattoir plant has a bearing on elements of criminality.

Hundreds of employees were left in a limbo at the Francistown BMC deport after the Commission took a decision to shut down the plant for three years.

29 Jan 2019

BY BONNIE MODIAKGOTA

Rough diamond prices may possibly surge in the next two decades as the number of mines is expected to plummet strangling supply and rising demand for the limited commodity - a leading diamond industry analyst and consultant predicts.

Pages