Fresh information shows that the acrimonious relationship between Bona Life Chief Executive Officer Regina Sikalesele-Vaka and Capital Management Botswana CEO (CMB) Rapula Okaile played a major role in the imminent collapse of the company.
Boikanyo Bryan Matshware is an entrepreneur in arts, drawing and painting portraits that depicts Botswana lifestyle and tourism.
The process to identify the new Barclays Botswana Managing Director is underway and Absa Group management is hopeful that they will deliver the appointment within time, as current Reinette Ven der Merwe departs before end of the year.
The Botswana government has no idea how long the BCL Group liquidation process will take to conclude, and has expressed concerns over how the whole matter is being handled.
This comes after the government was informed by the liquidator at the second meeting of creditors last month that it is not clear when the liquidation process will conclude.
In August 2016, South Africa Business Forum in Botswana, in association with Business Botswana hosted a plenary workshop for South African retailers operating in the country. Key deliverables for the said workshop entailed amongst others things, a framework on local procurement and market access for Botswana product and services.
The Botswana Stock Exchange (BSE) losses continued in the second quarter of the year as major equities continue to shed value, extending the rout that began in 2016, with property stocks losing the allure and tourism listed companies bucking up the trend to deliver solid returns.
The intended end result was to make government more result oriented, efficient and customer centric. Yet, the multi-million e-Government Expert Advice and Implementation Manager Initiative has not been successful after the programme failed to take off despite hundredths of millions pumped in the project.
Francistown City Council (FCC) has proposed P284, 107, 200 as its budget for the 2019/2020 financial year. Francistown which has over the years experienced sluggish developments is currently reeling through economic challenges which were aggravated by the closure of mines in its vicinity two years ago. The second city is also grappling with issues of unemployment, poverty and crime.
The general pattern in the developing world has been slow industrialization, followed by deindustrialization much sooner, with serious economic, social, and political implications. This process of premature deindustrialisation is not unique to Southern Africa but it is more consequential for the region, given the scale of its development challenges.
Letshego Financial services Botswana top management is being accused of siphoning off millions of Pula from its independent sales agents following the implementation of a new questionable paying structure.
The financial service institution has more than 300 direct sales agents across the country.
Within months of the snub by the Tawana Land board, Richard Branson has found his way back into the list of people who has a stake in the much celebrated Okavango Delta – all thanks to the Wine Investment Limited, a former shareholder in Wilderness Safaris.
NAIROBI, KENYA - The global money transfer and foreign exchange giant has rebranded its African operations as it pursues growth across the continent. The group unveiled the new name on Thursday in Kenya, where African operations are headquartered.
The Bank of Botswana (BOB) governor, Moses Pelaelo has said that while there is monetary value attached to the various crypto assets, these are not money, and certainly not legal tender backed by the central bank.
Pelaelo was speaking at the Fintech, Payments and Financial inclusion workshop held in the capital Gaborone this past week.
Could it be called a coincidence that six Fortune Global 500 companies were born from a single city? This is true for China originating companies, which have successfully thrusted themselves into the global space, whose roots are traced to Shenzhen, a coastal city in South China adjacent to Hong Kong.
The global climate change has not spared Botswana and other Southern African countries as the region experience decline on cereal crop production. Poor harvest in SADC has been associated with climate change and variability.
National power utility company, Botswana Power Corporation (BPC) has contracted digital industrial company – GE Power for the design, supply, installation, testing and commissioning of its energy management system located at the principal grid control center in the capital Gaborone and the back-up control center in the second city - Francistown.
This past Monday, our President Mokgweetsi Masisi kept his promise of frequent interaction with members of the fourth estate by hosting his second press conference as head of state. This is commendable given the drought that we have been in for the past ten or so years. We salute his Excellency for keeping his word and opening up to the press.
The Botswana government has reiterated that it remains an equal partner in its joint partnership with Chlor Alkali. Together the two partners run Botswana Ash.
As events continue to unfold at the troubled local life insurance company – Bona Life, the latest development is that the Non Banking Financial Institutions Regulatory Authority (NBFIRA) has frozen its bank accounts.
While the bank is certainly readying for change in names from Barclays to Absa in the local market, no date has been identified yet.