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Mmelesi starts work in his new post at Group level

Frederick Mmelesi, former Letshego Financial Services Botswana (LFSB) Chief Executive, this week resumed his new role as Letshego Group Head of Consumer Solutions, whilst Boikhutso Tekane takes on LFSB...

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‘BPOPF hotel project to empower locals’

Botswana Public Officers Pension Fund (BPOPF) Chief Executive, Boitumelo Molefe this week disclosed that the multimillion Pula Hilton Garden Inn Hotel project will drive citizen economic empowerment....

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SARB decides on Barclays plc Africa exit

The London headquartered Barclays PLC has applied to the South African Reserve Bank for approval to reduce its shareholding in the Barclays Africa Group to below 50 percent. In a recent Xnews...

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Cresta to fill top two posts

CEO, CFO positions vacantLocal, foreigners show interest The process to appoint Managing Director for Cresta Marakanelo and Chief Finance Officer is said to be at an advanced stage. In an inquiry by...

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Debswana jittery on global economy

Debswana mining company has indicated that global trading conditions continue to be uncertain. In resposne to Botswana Guardian inquiry this week on the possible implications of the Dineo Cyclone which...

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Botswana Oil sets up mobile filling stations

Botswana Oil Limited (BOL), a government company plans to set up mobile filling stations, beginning with five, in remote places that are currently not being serviced by big companies, an official has...

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Old Mutual - enabling positive futures

Old Mutual has officially launched its subsidiary Old Mutual Botswana Life Insurance Company with a goal to participate more meaningfully in growing the local economy and improve the lives of Batswana....

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Upbeat RDC to increase portfolio in Botswana

RDC Properties, the leading property company this week disclosed that it will increase its investment portfolio as the group continues to record increased profits in a challenging market. Speaking at...

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Furnmart upbeat on half-year results

Furniture group, Furnmart Limited has announced that it expects more than 10 percent increase in its half-year results ended January 2017 than the previous period. This will be good news to...

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Stanbic Bank strong at 25 ....full year result up

Stanbic Bank Botswana recorded a strong P195 million profit after tax for the year ended 31 December 2016, despite challenges in the economy characterised by a muted economic growth and challenges in...

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PPADB turns down Sefalana payment

Company supplied gov’t with Tsabana,MalutuWe remain govt’ supplier-Osman Sefalana, the diversified group has suffered a setback as government  public procurement and awarding body, PPADB has not...

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BIH Science Park to transform the economy

Botswana Innovation Hub’s icon building within its Science Park-in Gaborone’s Block 8 suburb is now at an advanced stage. Business Reporter, Portia Nkani visited the construction site recently. Driving...

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Gambling Authority promotes citizen investors

Gambling Authority is taking the necessary practical steps to ensure local investors also have a cut in the multi-million Pula industry, BG Business has been told. “For purposes of citizen empowerment,...

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Choppies’ Farouk quits his daily job…Takes non-executive role

Choppies Enterprise Limited has announced that Vice Chairman and Executive Director, Farouk Ismail, has shifted his role to that of Non-Executive Director.  However, he will keep his Vice Chairman...

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RDC to exit Madagascar market

RDC Properties plans to exit Madagascar market due to unprofitable gains from Isalo Rock Lodge. In 2016 annual report, RDC properties Chief Executive, Jacopo Pari said they have received a few offers...

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Stanbic optimistic of year ahead

Stanbic Botswana, the country’s largest unlisted bank is bullish on the year ahead despite growing concerns the economy will not recover at a much faster pace as expected. The company’s Chairman, Craig...

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De Beers supports youth development

The De Beers Group of Companies has set up an innovators Hub at the 2017 Diacore Marathon, to build on the De Beers Youth Innovators Botswana initiative which was launched in 2016.The company has...

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Botswana IPPs target export market

Independent Power Producers (IPPs) in the country are eying to export power generated from its vast coal and gas resources to neighbours South Africa and Zambia, an official has said.Botswana Chamber...

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Chobe, Wilderness results mixed

Eco-tourism companies, Wilderness Holdings and Chobe Holdings are expecting a mixed set of results for the past year,amid forecast that the industry will grow by nearly ten percent this year. Botswana...

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Farmers’ dream promotion boosts Engen’s

Engen has recorded 11 percent increase in fuel sales from July last year driven largely by its annual Farmers Dream Promotion In its 2016 annual report, Engen Managing Director, Chimwenda Monga said...

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