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Bumper H2 profits for Engen
Engen Botswana, the Botswana Stock Exchange-listed company has announced that it is expecting an improved performance for its financial results covering the year to December 2015. In a filing to the...
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African Development Bank approves $1.1 billion in loans to Tanzania
The African Development Bank (AfDB) has approved a loan package worth $1.1 billion to Tanzania to be paid out over five years to fund infrastructure projects and improve public sector governance, it...
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Botswana may sell troubled China-built power plant
Botswana could sell its troubled 600 megawatt (MW) Chinese-built power station, the energy minister said on Tuesday, after it suffered constant technical hitches since its launch in 2012. Botswana’s...
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China firm buys out SABMiller stake in Snow Breweries
China Resources Beer Holdings agreed to buy out the remaining stake in Snow Breweries, its Chinese joint venture with SABMiller, for $1.6bn, smoothing the way for a takeover of its partner by...
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Zwane: Mining declaration saves 16 000 jobs
The declaration signed by government, mining companies and labour unions put 16 000 potential job losses in the mining sector on ice, said Mines Minister Mosebenzi Zwane on Wednesday. It was the first...
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HRDC ups the ante on tertiary institutions
Botswana is a diploma and degree saturated country, Acting Director of the Human Resource Development Council (HRDC) in the department of Statistics, Research, Development and Innovation Masego...
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Bogatsu, the accomplished FNBB banker
Bogatsu was Head of Finance at Stanbic Bank Botswana (Standard Bank Group) from October 2003 to December 2006 and Financial and Business Analyst at Barclays Africa Finance from March 2002 to October...
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BIC insurance claims skyrocket
Botswana Insurance Company (BIC) has reported a huge increase in the number of claims for the year 2015 as compared to 2014. In a report released on Monday, BIC stated that the total claims paid out in...
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Financial inclusion key to Letshego
2015 has been another year of growth for the pan African micro lender, Letshego Holdings which saw its profit before tax exceeding P1 billion for the first time. According to the company’s 2015 end of...
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Botswana’s central bank to keep an eye on Barclays
Bank of Botswana, the country’s regulator of banks will closely monitor developments at Barclays Botswana following a decision by Barclays plc to sell its controlling stake at Barclays Africa. Barclays...
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Gem Diamonds profits up
☛Pays special dividends ☛Reduces production at Ghaghoo Mining junior, Gem Diamonds this Tuesday presented a strong set of financial result in the midst of a downward trend in prices for rough and...
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BOL promotes investment on infrastructure
The national oil company, Botswana Oil Limited (BOL), is looking at promoting investment in infrastructure that includes pipeline and storage facilities to increase reliability of petroleum supply....
View ArticleLiberty unveils new life covers
Liberty Life Botswana has introduced new platinum life cover and simple life plan, which are aimed at giving customers financial freedom and meaningful life solutions. Launching the products early this...
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Buoyant Choppies ups revenue by 17%
Retail giant, Choppies supermarket, ended the year 2015 on a high note after its revenue went up by 17 percent to P 3.5 billion for the half-year to December 2015. According to the financial statement...
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PrimeTime shares the thrill of listing in bourse
Listing in the stock exchange market helps companies to increase their capital and expand their businesses, a property expert and also Manager Director of Prime Time has said. Sandy Kelly was speaking...
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Experts clarify roles of financial advisor in listing
The role of a financial advisor in a listing is vital from the onset and even after listing as it allows for information disclosure and encourages good governance. This is according to Max Marinelli, a...
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Botswana Diamonds begins exploration in Orapa
Aim-listed Botswana Diamonds has started an active programme of exploration in Orapa and Gope, in Botswana. The exploration programme was being led by a team from Botswana Diamonds’ joint venture...
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Turnstar H2 results up
Property development company, Turnstar Holdings expects more profits in its full year ended 31 January 2016 financial results. According to a statement signed by Turnstar Managing Director Gulaam...
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G4S beats odds to post improved PAT
G4S Botswana, the country’s biggest security services company has posted improved profit for the past year despite challenging trading space. At the end of December 2015, Profit After Tax (PAT) of the...
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Barclays launches Ignition account
Barclays Bank Botswana latest new account ‘Ignition’ has hit the market. According to the bank, the account offers several incentives targeted at young people. The account’s opening deposit is P50 and...
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