The country’s largest private medical aid, Botswana Medical Aid Society (Bomaid) showed strong growth in 2017 following structural changes. The medical aid fund has also warned of fraudulent claims and incidences of benefit overuse that have the potential to cripple the medical aid sector.
“This is not about CMB, but rather, the true position of the law on such matters”, these are words said by the Non Banking Financial Institutions Regulatory Authority (NBFIRA) Chief Executive Officer - Oaitse Ramasedi in April 2018.
The International Monetary Fund (IMF) deputy managing director has warned African countries that as much as the continent has many untapped opportunities, the countries will have to put their houses in order. He also proposed a new growth model for the diamond dependent Botswana.
Botswana’s life insurance sector penetration remains as low as just three percent, and insurance industry players continue to record policy lapses due to constrained household incomes, and ever-increasing competition from newer market players.
Debswana Mining company has injected P600 000.00 towards the district agricultural shows in an effort to promote Agricultural development in Botswana.
Rachel Mothibatsela, Head of Corporate Affairs at Debswana shared this Friday in a statement, that the sponsorship will be shared amongst four district agricultural shows in Tsabong, Molepolole, Tonota and Serowe at P150 000 each.
The De Beers Group of Companies says it has renewed and doubled safety measures in its mines after the company has lost two employees in the first half of 2018.
The fatal incidents this year happened in Jwaneng mine in Botswana and another one in South Africa at Venetia mine.
Transmitting business knowledge to the next generation is vital as it can retain and sustain them to evolutionary process by which an individual either remain, modified or altered to fit in to the current trend and demand.
The fed up Norilsk Nickel Group (Nornickel) this week confirmed that it will continue with its multibillion pula lawsuit against the Botswana Government.
It is just a matter of four months before the Public Enterprises Evaluation and Privatization Agency (PEEPA) records a full year without a functional board of directors.
Lack of prioritization in development planning seems to be a stumbling block towards acquiring government’s ‘commitments’ of economic diversification and employment creation. This is evident when land servicing in an industrial site in a prime land is not given priority and developers had to spend more money on water and electricity, so that they start business.
Aspiring entrepreneurs who been drilled for five months under the government of Botswana and Anglo American, Debswana and De Beers partnership programme dubbed Tokafala have been urged to soldier on to grow their business.
The under pressure Standard Chartered Bank Botswana (SCBB) intends to raise capital through issuance of undated unsecured non cumulative subordinated debt to its parent company, the London based Standard Chartered Bank (SCB).
On Friday the Court of Appeal rightfully sanctioned the appointment of Peter Collins as Statutory Manager of Capital Management Botswana (CMB).
For the sake of those who might not be familiar with it, CMB is an asset management firm that has been battling out with the Non Banking Financial Institutions Regulatory Authority (NBFIRA) in courts of law over control of millions of Pulas.
The recently released Botswana Unified Revenue Service (BURS) annual report for the year ended 31 March, 2017 reveals that the tax collection agency managed to collect P35.8 billion in tax revenue – exceeding their initial target of P34.8 billion by a total of P1billion.
Seed Co Limited plans to unbundle its wholly owned subsidiary and to list it on the Botswana Stock Exchange as part of strategies to defend its turf and continue pursuing expansion.
Afinitas Limited, a pan-African focused investment company, says it will now focus on diversifying income streams, but expressed concerns about entering new markets.
The controversial alcohol levy continues to be the leader in terms of contribution to the monies collected by the Botswana Unified Revenue Services (BURS) on behalf of government departments and agencies.
Mining giant, Anglo American reported a 6 percent increase in total production on a copper equivalent basis in the second quarter of 2018, compared to 2017, the company’s quarterly report has shown.
Botswana’s Competition Authority is considering a proposed acquisition of a subsidiary of one of Botswana’s leading leisure and tourism company – Okavango Wilderness Safaris. The new deal will see former major shareholders of the parent company snapping the money spinning luxury camp.
Botswana’s share of revenue from the Southern African Customs Union (SACU) Common Revenue Pool registered lower performance as it fell from P15.818 billion recorded in 2015/16 to P11.773 billion in 2016/17.