Botswana’s oldest commercial bank, Standard Chartered Bank Botswana, this week notified its shareholders that the bank will report an improved bottom line when it releases its financial results.
Botswana’s failure to diversify the Botswana tourism from wildlife based tourism has disadvantaged many communities who could have benefitted from the tourism arrivals windfall.
The University of Botswana Okavango Research Centre, Professor Joseph Mbaiwa is of the view that Botswana rich culture should be exploited as another alternative tourism package.
In December 2017, NBFIRA – a state agency mandated by an ACT of Parliament to regulate and enforce compliance within the non-bank financial sector was alerted to a conflict between two of its licensed institutions – BPOPF and CMB.
Operating in the prime ecotourism safari lands of Botswana, Wilderness Holdings is upbeat about investing in African tourism markets which offer authentic wildlife and safari experiences.
The Group which is celebrating 35 years of its existence wants to penetrate in a market where it feels its specific ecotourism model can have positive conservation and community impacts.
The trailblazing Sprint Couriers has acquired entire shareholding in Aramex Botswana just three years after the two companies went into a partnership. The latest deal forms part of Sprint Couriers’ ambitions to expand to other markets in the future.
Sources close to the Botswana Stock Exchange quoted lender, Letshego Holdings believes that there was no way Chris Low was going to remain as the group’s Managing Director until the end of his contract.
Low handed a sudden resignation from the plum-post this week, a development that the pan-African lender has since confirmed.
Botswana Stock Exchange quoted lender, First National Bank Botswana (FNBB), is expecting bumper profit for its full year financial results, signalling that the bank may be well on its way to recovery.
The Ministry of Agriculture (MoA) has written to Parliament requesting for a diversion of atleast P179 million from the Integrated Support Programme for Arable Agricultural Development (ISPAAD) monies.
If agreed, the money will be used to bail out the loss-making Botswana Meat Commission (BMC) which is also under the custody of MoA. The company owes both farmers and the government.
Botswana will need to add up to 500MW of committed, dispatchable electricity generating capacity by 2040, in order to keep pace with the demand.
A report by Tlou Energy in association with the Mott MacDonald Group has revealed.
Debswana employees through Botswana Miners Workers Union (BMWU) have pointed an accusing finger at Orapa Letlhakane and Damtshaa Mines (OLDM) management for victimizing and intimidating employees. They have also accused the General Manager of OLDM Bakani Motlhabani for failing to act on their grievances and have called for his removal.
The much talked about stock, the Botswana Telecommunications Corporation Limited (BTCL), is expected to lose further ground in the coming weeks due to increased selling pressure from retail investors.
Local financial analysts believe the trend is to some extent reflecting the negative effects of restricting the ownership of the shares to the citizens only.
Following a series of disappointment with some of its service providers and business partners over the past few years, the Botswana Public Officers Pension Fund (BPOPF) is reportedly cross-checking the credibility of those in its data base.
“The Story of Israel's economic miracle” is a 2009 book by Dan Senor and Saul Singer about the economy of Israel. It examines how Israel, a 60-year-old nation with a population of 7.1 million, was able to reach such economic growth that "at the start of 2009, some 63 Israeli companies were listed on the NASDAQ, more than those of any other foreign country.
Botswana Public Officers Pension Fund (BPOPF) has finally lifted the cloud of anxiety that has been hanging over members heads since last year when the country’s biggest pension fund failed to send benefit statements.
Emerging Markets Economist at Stanlib South Africa, Kganya Kgare has said that while the Gross Domestic Product of the Sub-Saharan region remains positive, it will not keep up as long as the continent relies much on commodities.
Kgare made the sentiment last week when presenting at the Botswana Economic and Investment forum held in the capital Gaborone.
The Sefalana Group has admitted that it has over the past three years been taking a cautious approach in its expansions locally.
The Botswana Stock Exchange quoted group says the policy was guided by the recognition of the saturation levels in the domestic market.
While some local businesses on Botswana are experiencing slowed growth due to economic challenges that have affected consumers, the motor vehicle registrations data offers different insights.
Whilst foreign markets such as South Africa hold immense potential for small businesses in Botswana, only a small percentage of businesses are capitalising on this opportunity.
Anglo American financials show that its diamond production arm, De Beers, realised a slight increases in revenue but that was saddled by mounting production costs, this is contained in Anglo American’s half year results.
The performance of the Domestic Company Index (DCI) has declined in 2018 on the back of a similarly challenging environment that is characterised by sluggish corporate earnings.
Motswedi Securities Researchers, Salome Mokgatlhe and Garry Juma have worried that, at this rate “the DCI is likely to close the year in the red once again unless valuations changes.”