Business

S&P keeps Botswana investment grade, but…

Botswana has retained its investment-grade credit rating, but S&P Global Ratings has kept the country’s outlook negative, signalling that pressure on public finances and...

Sefalana subsidiary faces P8.4m winding-up claim

Sefalana Holding Company Limited has sought to draw a line between a winding-up petition against one of its subsidiaries and the financial health of...

Absa delivers double-digit profit growth

Absa Bank Botswana has delivered a resilient first-half performance, lifting profit after tax 18 percent to P376.7 million despite weak domestic demand, uncertainty in...

Kwa Nokeng targets BSE listing as fuel market reshapes

Kwa Nokeng Oil Holdings is preparing to list on the Botswana Stock Exchange on November 10, potentially becoming the second fuel marketing company on...

Letshego raises P327m through fresh note issuance

Letshego Africa Holdings has raised a further P327.2 million through the issuance of debt securities under its amended and restated P3.5 billion Medium Term...

Botswana’s cattle herd falls further

Botswana’s cattle industry is getting smaller, even as commercial farmers expand their share of the national herd. The country’s cattle population fell to 1.64 million...

CCA says Ram-linked Ajantha should exit Reddy Group in Engen deal

The Competition and Consumer Authority (CCA) has approved the acquisition of a 70 percent stake in Engen Botswana by Fusionspark, but ordered a company...

ODC spot sales top P2 billion 

Botswana’s state-owned rough diamond trader, Okavango Diamond Company (ODC), has generated more than P2 billion from auction sales in the first eight months of...

Botswana, Angola join forces to defend natural diamonds

Botswana and Angola are stepping up cooperation to protect the value of natural diamonds as producers face growing competition from cheaper laboratory-grown stones and...

TalonX revives copper search at Kihabe

Australian junior TalonX Resources has revived its search for copper at the Kihabe project in north-west Botswana, reopening an exploration opportunity it had put...