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.
Since the discovery of diamonds Botswana maintained strong economic growth in excess of eight percent per annum. The only other country recorded as having enjoyed a rapid economic growth over such a long period is said to be none other than Botswana’s newest economic buddy – China.
The government of Botswana is said to be working around the clock and behind the scenes to set up an economic development board that will be similar to the one that was set up by Mauritius a few years back.
FRANCISTOWN – The President, Mokgweetsi Masisi last Monday told the business community gathered here that he will not “fire” ministers who recently contested and lost during the ruling Botswana Democratic Party (BDP) primary elections – Bulela Ditswe.
In a scene reminiscent of action packed thriller movie, Botswana’s security apparatus on Tuesday descended on Botho University and arrested one of the school’s top executives.
On the occasion that marked the announcement of what should by now have radically changed the shape of home ownership in our country, the Government said that one of the functions of SIHA (Single Housing Authority), mandated to the Botswana Housing Corporation in 2012 will be the provision of ‘affordable’ and ‘adequate’ housing for all income categories.
Botswana, along with Mozambique and other SACU members, are currently holding talks with the United Kingdom (UK) to agree on a trade arrangements post the exit of UK from the European Union block, Permanent Secretary at Trade Ministry – Peggy Serame has said.