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.
MALWELWE: Members of the Letlhabile Development Trust in Malwelwe village, who earlier this year spent a week training at National Food Technology Research Center (NFTRC) in Kanye remain idle as there is no plot of land where the group can show case what they learnt.
The team has been trained on food handling, processing and marketing.
Botswana’s wholly owned diamond trading company, Okavango Diamond Company, has reported a 16 percent drop in diamond sales in the first half of the year, signalling that the company will likely record another drop in sales as the diamond industry descends to seasonal slowdown.
As more property developments continues to emerge particularly at the Central Business District (CBD) of the capital Gaborone and in other urban and peri-urban centres like Francistown and Palapye local property outfits are now considering development of mixed use outlets.
Technological advancement in the financial world, over the last two decades, has significantly increased competition among stock exchanges globally and this competition has pressured many exchanges to adopt business models, which have greatly improved their efficiencies and effectiveness.
Sechaba Brewery Holdings is set to reduce its stake in its money spinning subsidiary in a proposed share repurchase.