There is a narrative that likens banks to a person who offers you an umbrella when you do not need but then takes it away from you when you really need. Lending money is one of the oldest revenue models for banks, but the old tradition has its own risks.
Batswana are warming towards cashless society as evidenced by the growing number of electronic transactions. However hard cash remains king for a society that has been burning through credit while keeping lower savings.
Standard Chartered Bank Botswana (SCBB) has overturned its loss-making position recording a profit before tax of P28 million for the half year period that ended June 2018. In 2017, during the same period, the bank recorded a loan impairment induced loss of P66 million.
The global mining industry calls the process “beneficiation.” This is a deliberate effort to build an additional market around the mining sector so that citizens of producer countries like Botswana can make money, not just from the sale of rough diamonds, but also from their cutting and polishing.
At the ongoing 49th Commonwealth Parliamentary Association Africa Region Conference, member states were strongly urged to attend to issues of human trafficking and modern day slavery urgently. The conference is held in Gaborone from August 13th to 23rd.
Bank of Botswana (BoB)’s Director of the Department of Research and Financial Stability Dr Tshokologo Kganetsano says the financial sector is a key element in the potential success of the current industrialization policy.
The delay in the renewal of mandates to local asset managers by Botswana’s largest pension fund, BPOPF has created anxiety into the capital market, research analysts at Motswedi Securities have said.
Total deposits held by banks might be growing but most of those deposits are kept in liquid accounts, meaning that not much is channelled towards savings.
The informal saying, “When South Africa sneezes, Botswana caches flu” might be true after all, atleast when it comes to the currencies of the two neighbours.
The President, Mokgweetsi Masisi last week gave his maiden speech at the regional body – Southern African Development Community (SADC) head of states summit that was held in Windhoek, Namibia.
BIDPA has called for entrepreneurial skills development programs to assist women to improve the performance of their businesses.
It is often said households in Botswana are saddled with debts while not having enough savings. But what fuels this growth? Well just a look at Bank of Botswana’s financial statistics gives sobering insights.
In South Africa, the country’s deputy President David Mabuza seems to be in the hot seat given the land reform that the neighbouring country has recently initiated. The same cannot be said about his Botswana counterpart – Slumber Tsogwane.
While there are indications that the country’s Small, Medium and Micro Enterprise (SMMEs) gets an increasing attention given their role of fostering economic growth, the sector is still faced with a host of problems which lead to their failure rate remaining high.
Through most of the last several years, there has been one near certainty in Botswana whenever key national economic indicators stats are shared. It was this – Foreign Direct Investment (FDI) eludes Botswana. Throughout the same years, the country continued to wobble in attracting Foreign Direct Investment despite is international good ratings.
This commentary will certainly make us look or sound like economic doom-Sayers. But atleast the reality on the ground will save us from that label. The reality is that the popular Economic Stimulus Programme (ESP) that former President Ian Khama first announced in September 2015 and later launched in Machaneng village in February 2016 failed in almost all aspects.
The national power utility company - Botswana Power Corporation (BPC) is currently fighting a losing battle against criminals who are vandalizing its infrastructure. The situation is bleeding the corporation millions of pula and further affecting its services to customers.
A registered in decline on consumption of some of the products and services offered by local companies from various sectors have been attributed to reduced government spending over the past year.
Young farmers across the globe have taken up the challenge of continuing their family agribusiness. To be successful, this generation also applies clever strategies to counter misconceptions, generate society’s trust and stay connected.
The headline inflation was steady in July at 3.1 percent, same rate as the previous month. The low inflation environment is seen as side effects of subdued domestic demand.