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Bona Life placed under statutory management
Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Chief Executive Officer, Oaitse Ramasedi has stated that the troubled Bona Life has been placed under Statutory Management in terms of...
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BEMA calls for Gov’t/P/sector synergies as SA products flood ‘locked-down’...
Weak South African rand against the pula has led to an influx of South African commodities into the local market. Botswana Manufacturers and Exporters Association (BEMA) have bemoaned the...
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Tlou Energy finally wins contract to supply BPC with power
Botswana Stock Exchange-listed energy explorer, Tlou Energy, has agreed to an interim 2mw coalbed methane power purchase agreement with Botswana Power Corporation (BPC). This is the first time BPC or...
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BoB raise limitations on mobile transactions
The reserve bank – Bank of Botswana- is encouraging the nation to use digital and mobile transactions during this period when government is making efforts to minimise movements to contain the spread...
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BSE-listed Companies delay release of financial results to include COVID-19...
Botswana Stock Exchange CEO, Thapelo Tsheole says they expect some listed companies to delay release of their respective financial results so as to factor in the impact of the global pandemic,...
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FNBB announce cash-flow relief package
FNBB has announced a three months cash-flow relief intervention for both retail and commercial customers impacted by COVID-19. The bank’s Chief Executive Officer, Steven Bogatsu said customers with a...
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Stanbic profits fall despite rise in advances, deposits
Stanbic Bank profits for the year to December 2019 have taken a nosedive despite most major performance indicators being up. According to the lender’s financial results, which were released over...
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SA mobile payment application eyes local market
A new mobile payment application – ‘Ukheshe Africa’ developed in South Africa is identifying business-to-business opportunities for the platform across the African continent, as cashless trend gains...
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COVID19 Wage Subsidy – Frequently Asked Questions
Q1 What nationality do the employees need to be? Citizens of Botswana with valid o’mang. Q2 How much should employers pay employees? The purpose of the subsidy is to provide assistance to employees of...
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New electricity tariffs to trigger inflation rise
Over the past two months the country’s annual inflation has remained stable, although current developments have potential to swing up inflation rate. Statistician General Burton Mguni, this week said...
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BEMA worried that local market does not manufacture surgical masks and...
The German Development Cooperation (GIZ) in collaboration with Botswana Exporters and Manufacturers Association are identifying companies to assist in upscaling their production. “GIZ CESARE...
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Proparco’s financing partnership with BancABC Botswana to support 4, 500...
Proparco, the French Development Agency’s private sector financing arm, has concluded a US$10 million Tier II long-term debt financing with African Banking Corporation Botswana (“BancABC Botswana”)...
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BURS - COVID19 Tax Reliefs & Obligations during the LOCKDOWN
The Botswana Unified Revenue Service (BURS) wishes to remind its valued clients that BURS has various electronic platforms or eservices available on the BURS website at www.burs.org.bw through which...
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Video: How to complete COVID19 Wage Subsidy FORM
Below is a guidance video of how to complete COVID19 Wage Subsidy FORM
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Local mobile company sets foot in Lesotho
Telecommunications company, VIB Mobile Botswana is growing its footprints in Africa. The local brand made a surprise announcement this week about its latest venture in the mountain kingdom of Lesotho....
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Customers must be vigilant against fraud - FNBB
The world over, fraud is a major concern for both individuals and companies. The complexity of fraud changes every day and billions of Pula are lost to fraudsters on a yearly basis. First National Bank...
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FNB App keeps up the pace
First National Bank Botswana (FNBB) is better known as a bank of many firsts in Botswana’s cutthroat banking sector. Perhaps the bank’s biggest invention to date has been the FNB App which has surely...
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SMMEs
Informal sector businesses operators in Botswana have been largely affected by Covid 19 as currently many people are conscious about their spending and the sector is becoming saturated as more Batswana...
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In a mission to light the world
In line with the UN’s sustainable development goals, The Bulb World, came into being to provide eco-friendly lighting. Speaking to KOOBONYE RAMOKOPELWA, the youthful company’s CEO, Ketshephaone Jacob...
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KBL has locus standi to represent the alcohol sector'
Kgalagadi Breweries Limited, the country’s biggest producer, has, ‘every right to represent the alcohol sector, purely because of its dominant and influential position within the sector," independent...
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