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President ‘thumbs-up’ mobile money
President Dr Mokgweetsi Masisi has applauded the local mobile network operators – Orange, BTCL and Mascom for helping financial institutions close the financial divide through mobile money. “The...
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Prime Time profits shoot up
Property developer and Investment Company, Prime Time has recorded substantial increase in profit after tax to P128 million in its year ended August 2018.The group has also seen an increase in net...
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Trustees urged to lead the way in changing investment environment
Pension Fund Trustees have been urged not to only focus on the accumulation of their members’ savings, but also on the decisions their members make just before and at retirement. Independent Actuary,...
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BoB anticipates subdued inflation
Bank of Botswana (BOB) Governor, Moses Pelaelo has allayed fears that inflation will shoot beyond the reserve bank’s three to six percent medium term target. The central bank Chief, this week said the...
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Bona Life emerges from turmoil
The Non-bank Financial Institutions Regulatory Authority (NBFIRA) has lifted the temporary closure on Bona Life. Regina Sikalesele-Vaka, the founder and Chief Executive Officer (CEO) told media that a...
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BMC grappling with fate of 115 workers
As Botswana Meat Commission (BMC) management continue to grapple with efforts to bring the parastatal to profitability, employees from the company’s Francistown plant currently under care and...
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PPP takes off sluggishly
Nine years after government adopted the Public Private Partnership (PPP) policy and implementation framework, its sluggish take off has punctuated progress in the local economy.However, next year...
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BDC strategy continues to pay off
The country’s investment firm, Botswana Development Corporation (BDC) has disclosed that a multi-pronged strategy, hatched four years ago, is bearing fruits and results, both operationally and...
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Sefalana H1 profits high
Sefalana group interim profits for the period to October 2018 will be higher compared to the same period last year, it became public late Wednesday. The group, which owns retail brands such as Shoppers...
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Data services to drive BTCL growth
The national telco company, Botswana Telecommunications Limited (BTCL) said its data services are on an upward spiraling growth, as customers switch from voice and SMS to more data centric usage....
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More forex licenses revoked in 2018
Reserve bank authorities have announced that Bureaux de Change that closed last year increased compared to previous years. Mareledi Selabe, Communication Manager at Bank of Botswana confirmed that most...
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BSEL set to revise brokerage commission
Botswana Stock Exchange Limited (BSEL) has announced intentions to revise the local bourse’s equity brokerage commission, following its seemingly biased increase in April 2016. Indication are that...
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Draft tourism policy ushers hope for local players
Government is currently finalizing the review of the National Tourism Policy, which was formulated in 1990, amidst concerns of neglect from the local participants in the industry. Commenting during the...
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Prime Time confident on retail space
Botswana Stock Exchange (BSE) listed property company, PrimeTime is optimistic that its retail portifolio will record positive growth, as impasse on licensing of foreign retailers has been resolved....
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BSB rolls out Automated Teller Machines
Botswana Savings Bank (BSB) plans to roll out Automated Teller Machines (ATMs) to several villages and towns in its drive to reach more customers and make banking services more accessible. The state...
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Matsheka applauds Masisi for the ‘empowerment’ budget
Seasoned economist Dr. Thapelo Matsheka currently campaigning for a parliamentary sit in Lobatse under the ruling party ticket, has applauded President Mokgweetsi Masisi’s administration for its...
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LLR pumps P500m on new assets
Letlole la Rona (LLR) intends to pump over 500 million pula into new property acquisition on both the local market and neighbouring Namibia. Chikuni Shenjere-Mutiswa, LLR Chief Executive Officer said...
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Pension funds lobbied to fund local infrastructure
As calls for pension fund to finance local infrastructure development continue to make echoes, asset managers argue that few bankable infrastructure projects are popping up.Speaking at the first-ever...
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Kenewendo calls for tight tender system controls
Commenting on the budget allocation on Thursday, the Minister of Trade and Industry, Bogolo Kenewendo said the tender awarding committee should be made ad hock and anonymous to reduce corruption in the...
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Karowe reports another exceptional diamond find
Karowe Diamond Mine this week recovered a 223 carats high white gem diamond, adding to the company’s perennial high quality diamond discoveries since beginning of the year. Eira Thomas, Chief Executive...
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