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Far Property listing raises market cap
Far Property which launched in the Botswana Stock Exchange (BSE) this Wednesday is expected to boost the market capitalisation in the local bourse. BSE Chief Executive Officer, Thapelo Tsheole said...
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Business Expo coming later this month
The first annual Youth Business Expo (YBE) whose core objectives are to expose youth entrepreneurs to networking and create a marketing platform for their products will be held in Gaborone from 24th -...
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Furnmart profits crash
Botswana Stock Exchange listed furniture shop, FurnMart recorded 89.3 percent decline win profits in its half year ended January. The profits were materially affected by the weakening of currencies in...
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Orange launches the 2016 Orange Social Venture competition
Orange Botswana has launched the 2016 edition of the annual Orange Social Venture Prize. The annual competition is in its 5th edition with this year’s competition running from 18 May 2016 until 21...
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Ghaghoo mine scales down production
Gaghoo mine, a local mine owned by Gem Diamonds will this year reduce its production plan to approximately 300 000 tonnes. Output from the company’s Ghaghoo mine dropped five percent to 11, 029 carats...
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DeBeers remains positive despite market volatility
The beginning of 2016 has seen an improvement in rough diamond demand following a positive holiday selling season in the United States last year, the group’s latest diamond market update shows. De...
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South East District Council forms own company
South East District Council has offloaded issues of economic diversification in the district to their newly established company, BBTN that will see that it generates revenue on behalf of the council....
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Barclays looks at retail banking for growth
Barclays Bank Managing Director, Reinette Ven Der Merwe said they see a significant opportunity to grow the retail banking business despite depressed consumer demand. In a recent annual report, the BSE...
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Botswana mine closures highlight need for low-cost production
The closure of mines in Botswana had placed emphasis on the absolute necessity for low-cost mining production, Econsult Botswana MD Keith Jefferis said on Wednesday. “If we think we can continue as a...
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Sechaba bubbles despite alcohol levy
Brewers of St.Louis and Shake Shake, Sechaba this week reported improved profits year-end financial results even though the company is operating under a tough economic environment and the imposed...
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Barclays spreads wings to Ghana
Barclays Africa group is planning to spread its wealth management and insurance services to Ghana, one of Africa’s leading economies, a development which will signify their commitment to offering...
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De Beers’s total rough diamond sales dip in fifth cycle
De Beers reported a $73m reduction in revenue from its fifth sale of rough diamonds in 2016 because of “seasonal demand patterns”, bringing total sales so far in 2016 to $3bn. It sold $560m worth of...
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PPC gets banks to back R4bn share sale to investors
PPC South Africa’s largest publicly traded cement maker, said it received R4bn of bank guarantees to underwrite the sale of shares to existing investors, adding to facilities it received last week to...
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Letshego aims to conquer Africa
Letshego Holdings, a micro-lending behemoth has reiterated its plans of becoming a truly inclusive financial services group within the continent, the head of its local subsidiary has disclosed....
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First, find the world’s biggest diamonds; then don’t break them
A black-and-yellow dump truck rumbles up from a giant pit in the mountains of southern Africa, carrying a load of freshly blasted slate-gray rock from the Letseng mine. With luck it will contain a...
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BTCL to trasform as H2 profits decline
The Chairperson of the Botswana Telecommunications Corporation Limited (BTCL) board, Daphne Matlakala has announced the adoption of new management reform strategies as per the interest of its...
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Letshego Namibia granted banking license
Letshego Holdings Limited, the Africa-focused micro-lender has been granted a full commercial banking license for its subsidiary in Namibia, the company said in an emailed statement on Thursday...
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Letshego looks back at the last 18 years
Botswana based financial services institution, Letshego Holdings Limited last week celebrated an eighteen year history of growth, diversity and improving lives across its 10 country African footprint....
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Debswana output declines q-q
Debswana, a leading local diamond producer has seen its quarter-on-quarter production taking a sharp decline, as demand for the world’ precious stones continue to plummet. This is according to the...
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Financial literacy key to banking services
Financial management and financial literacy go hand in hand hence the encouragement for the public to manage their personal finances by empowering themselves with necessary information. Head of...
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