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Manufacturers cautious with the African free trade area
Botswana Exporters Manufacturers Association has maintained that the recently signed African Continental Free Trade Area (AfCFTA) should not cripple the local industries. Mmantlha Sankoloba, the...
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Shareholders okay Cresta’s P260m deal
Shareholders of Cresta Marakanelo have overwhelmingly voted in favour of acquisition of several property assets around the country, which are expected to cut down on rental the company pays to...
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Financial Stability Council launched
The country’s Financial Stability Council is now in operation, paving way for the consolidation of all information within the financial sector which will be handy when it comes to the regulation of the...
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Samsung unfolds the new Galaxy Fold
Samsung has unveiled a new Galaxy Fold ready to be in shops April 26, 2019. This will be the first of its kind to include a smart phone, tablet and a camera. It comes with a 4.6 inches display on the...
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Finance ministry drafts credit information bill
The Minister of Finance and Economic Development, Kenneth Matambo said the ministry is in the process of drafting the credit information bill to improve access to credit by small businesses. Presenting...
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StanChart forecast strong growth
Standard Chartered Group anticipates to deliver 10 percent return on tangible equity and generate significant surplus capital by 2021, thus improving the bank business operations in Africa, Asia and...
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BDC pays attention to youth entrepreneurs
Botswana Development Corporation (BDC) continues with its quest to develop entrepreneurs in the country and their latest collaboration with African Youth Entrepreneurs Summit (AYES) is a case in point....
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Khoemacau gets kickstart for copper mining project
Together with its parent company Cupric Canyon, Khoemacau Copper Mine signed a loan facility of $565 million (P5, 9 billion) from Red Kite Mine Finance and Royal Gold AG to commence its copper and...
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Getbucks in a health financial position-De Kock
Getbucks Botswana has announced intentions to expand and continue to grow footprint across the country. The group’s condensed unaudited financial statements for the six months ended 31 December...
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More research required in the minerals sector-BGI Chief
Botswana Geoscience Institute’s Chief Executive, Tiyapo Ngwisanyi said there is a need for continuous research on the mineral sector in the country as the mines are getting deeper and grades are...
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Engen down on controlled margins, weak oil prices
Decline in global crude oil prices and government controlled margins that cushion the oil companies from inflationary increases in operating expenditure has negatively affected Engen profits leading to...
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Botswana Life hosts masterclass for clients
Botswana Life, the biggest insurance company in Botswana this Tuesday hosted a masterclass for existing and prospective clients of its International Investment Product. Launched in November 2018, the...
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Brand Botswana mobilises citizens for positive perceptions
Custodians of the national image – Brand Botswana have implored the nation to move out of its comfort zone and aggressively market the country to the global village. Thuso Palai, Manager of Brand...
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Business wary of new tax amendments
The business community has started lobbying government to revise the new Income Tax Act, which has potential to cripple companies’ operations and limit investments in the country. Under the new law...
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CA Sales shrugs off market challenges
CA Sales Holdings has recorded a double digit increase in gross profit for the year ended December 2018, despite the challenging operating environment that the fast-moving consumer goods (FMCG) that...
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StanChart back in the game
Standard Chartered Bank Botswana, the oldest bank in the country has announced that profit before tax for the year ended 31st December 2018 will be between 105% -109% (approximately P243million to...
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G4S Botswana shares not suspended
G4S Botswana shares have not been suspended from trading at the Botswana Stock Exchange as reported on our print edition today. However, the company has announced results have been delayed and will be...
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Capital Bank given green light to acquire Bank of India
Competition Authority has approved the 100 percent acquisition of Bank of India by First Capital Bank Limited (FCBL) assuring that the acquisition will not result in lessening of competition in the...
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BITC leads trade mission to Qatar
Botswana Investment and Trade Center (BITC) is leading and investment and trade promotion mission in Doha, Qatar in efforts to position Botswana as a preferred investment destination globally. The...
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