Large-scale structural projects, often accompanied by a soft loan, are proposed to African countries rich in natural resources, Botswana not sparred. China commonly funds the construction of infrastructure such as roads and railroads, dams, ports, and airports.
The Agriculture sector does not only contribute to climate change, it is affected by it but it also forms part of the solution. Coherent and effective solutions are however needed.
In recognition of this, a local trust – dubbed ‘Now for them Community Trust’ has put up a program aimed at facilitating adaptation to climate change solutions for farmers in Botswana.
Botswana has dedicated an excess of 40 per cent land area for conservation in form of forest reserves, wildlife parks and management areas.
The deputy Permanent Secretary in the Environment Ministry, Felix Monggae said these contribute significantly to Gross Domestic Product (GDP) through tourism and spin off activities to other sectors.
An online petition to President Mokgweetsi Masisi that came as result of what was later discovered to be ‘false report’ relating to 100 elephants that were suspected to have been poached in Botswana is no longer a threat to tourism as the petition is likely to collapse on its infancy.
Botswana’s biggest commercial bank, First National Bank Botswana (FNBB) is planning on entering the used car market which has grown substantially in over a decade. FNBB’s latest plan comes on the back of WesBank - the bank’s vehicle financing arm – facing declining sales and impairments. However, the bank’s foray in the used car market comes amid warnings from Statistics Botswana.
Botswana has been given thumbs up for its strong balance sheet, net external creditor position and low debt burden. The country’s credit assessment was done by Moody’s, one of the global leading credit ratings agencies.
Across the globe a few smart entrepreneurs, amongst them Botswana’s Latto Mabetwa (27) are turning the huge waste we produce every day into cash-making products.
According to the World Bank, Africa generates nearly 70 million tonnes of waste every year. As the income and spending power of the average African continues to rise, more goods will be consumed leading to even more waste.
Botswana’s top ecotourism company, Wilderness Holdings, continues to ride high despite a mixed bag of fortunes when it comes to media reports.
Just under two years back, the company suffered a blow after its bid to take over national airline – Air Botswana did not materialise following its ‘unexplained’ withdrawal of bid.
Until recent years, Botswana has been exceptional among the African nations in so many ways. The country has perhaps merited the most admiration globally for its unique ability to direct revenue from minerals towards development and economic advancement during its early years of independence, or rather soon after discovery of minerals more especially diamonds.
Unemployment in Africa remains a major challenge for many economies and must be a partnership between governments and the private sector to address it, particularly amongst the youth.
From World Bank’s statistics, Africa has the largest youth bulge in the world, and the number of youth is expected to grow by 42.5 million between 2010 and 2020.
Botswana’s economy rebounded in the second quarter of the year at a higher pace last seen five years ago, making the quarter the strongest as most sectors of the economy were on an upward swing.
A report titled “Botswana journal of African studies 2014” attempt to give one of the earliest accounts on how entrepreneurial spirit has been passed across generations in Botswana. A number of success stories are however cited among the white commercial farmers in the Tuli Block as compared to the other natives across the country.
While a sizeable number of prospective investors and consumers are eager to know more about the alleged ‘fraud and money laundering’ at the local retail group – Choppies, the Financial Intelligence Agency (FIA) says it is not in a position to say a “thing”.
Vulnerability to weaker currencies and rising interest rates associated with the changing composition of debt may put the region’s public debt sustainability further at risk.
As a result, according to the Washington based World Bank, the latest release of Africa Pulse report suggests that, public debt remained high and continues to rise in some countries in Sub Saharan Africa.
Sechaba Brewery Holdings Limited shareholders at their extraordinary general meeting unanimously voted to reduce the holding company’s stake in its cash cow Kgalagadi Breweries Limited (KBL) and Beverage Manufacturers Botswana.
The war between Francistown City Council (FCC) and Tati Company over land ownership in Francistown has reached a boiling point as the councillors are demanding that Tati Company (TC) sell its land to government or they will simply mobilize the community to take it by force.
The national vehicle stock has doubled over a period spanning a decade, and shows no signs of retreating. This is despite concerns about the pressure exerted on roads and the traffic congestion.
The newly set up, Special Economic Zones Authority (SEZA) has defended the government’s decision to exclude some of the country’s top tourism destination from “Special Economic Zones” the list for now.
In 2015 the local press, both public and private reported on exemptions and reservations on youth business, which cabinet endorsed following a presentation by the minister responsible for youth, Thapelo Olopeng.
Local retailer Choppies Limited continues to be under pressure following weeks of negative publicity and subsequent failure to release financial results within the stipulated time.