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Afinitas negotiates fresh deal
Afinitas, the Botswana-based company this week announced it has entered into negotiations which if successfully-concluded may have an impact on the price of the company’s securities. Shareholders have...
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Wilderness to open new camp in Okavango
Qorokwe, a new Wilderness Safaris Classic Camp situated in the private, wildlife-rich 26 180 hectare (64 692 acre) Qorokwe Concession in Botswana’s south-eastern Okavango Delta adjacent to Moremi Game...
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Wheat millers face collapse
Local wheat milling companies may face collapse if the government does not restore the 15 percent wheat levy it had put in place to protect the millers, an official has said. Botswana Millers...
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Bannabotlhe takes over BancABC hot seat
BancABC Botswana has appointed Kgotso Bannalotlhe as its Managing Director effective Monday this week. He joins a growing list of locals who are at the helm of commercial banks in Botswana. Bannalotlhe...
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Local firm eyes millions in crowd funding
Citizen company Ezymox Holdings, has engaged the Jwaneng Mine Workers Union to raise over P15 million capital through crowd funding. Ezymox Holdings director, Mathews Wilson told BG Business that they...
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Impact investing in Botswana is possible
In a modern world where one bank’s decision can lead to a domino effect that results in total paralysis of the world’s financial system, times have come for capital markets to make a 180 degree...
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Unemployment still high despite buoyant economy
At 17.7 percent, unemployment rate in an economy considered to be performing well, is still high, says Statistics Botswana Deputy Statistician General, Dr Burton Mguni. But the reasons are evidently...
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Sechaba H1 profits down on tight regulations
Sechaba Breweries has reported lower interim results to June 2017, citing tough regulatory regime which has been a thorn for the country‘s biggest brewer since 2008. For the period under review,...
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BMC customers can now pay through BancABC
BancABC Botswana, the unlisted bank this week announced that it has partnered with Botswana Meat Commission (BMC) under an arrangement which is aimed at providing a convenient payment solution for...
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Letshego mulls listing in Namibia’s Stock Exchange
Letshego Holdings Limited has announced plans to list in the Namibian Stock Exchange (NSX) as part of its financial inclusion strategy. This will see the company put up its shares for sale to...
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RDC opens purse for regional expansion ….despite a blend of economic projections
RDC Properties is surging ahead with its regional expansion push despite a mixed bag of economic growth projections within Southern African region, which impact heavily on their return on investments....
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BBS goes for special meeting
Botswana Buildings Society (BBS) goes for a special general meeting this coming Thursday which if all its resolutions are passed, will pave way for demutualisation that will convert the 40 year old...
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Top wholesalers caught in anti-competitive practices
Four wholesalers- Metro Sefalana Cash and Carry Limited, Trans Africa (Pty) Ltd, Trident Holdings (Pty) Ltd and Trade World (Pty) Ltd - have been summoned to appear before the Competition Authority for...
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Conference seeks to improve cyber security
African Cyber Security - an Information and Technology company - will host the 3rd Annual Cyber Crime Conference in Gaborone October 18th to discuss the increasing threat of cyber crime across the...
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Six auditing firms lose licences
Six auditing firms in Botswana had their licences withdrawn in the past 18 months for professional misconduct, Botswana Guardian has learnt. The Botswana Accountancy Oversight Authority (BAOA) chief...
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Banks are not bankrupt-BoB
Commercial banks are as fit as a fiddle, this is the message that Bank of Botswana top bankers sent out to inquisitive journalists this week after reports surfaced that the sector might be headed for...
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Dalumi Botswana signs new deal with Chinese company
A leading player in the global diamond and jewellery industry in Botswana, Dalumi Group, has signed a distribution agreement with a giant Chinese company, King One, to sell its well known brand Swana...
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NAP clinches new deal
New African Properties (NAP), the property company has concluded an agreement which is subject to conditions precedent. “If the conditions are fulfilled and the transaction concluded, it may have an...
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FNB, WUC introduce self-service payment system
First National Bank Botswana (FNBB) has partnered with Water Utilities Corporation (WUC) to develop the Unstructured Supplementary Service Data (USSD) self service platform that allows customers to...
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StanChart H1 profits tumble
Standard Chartered Bank Botswana, the country’s oldest bank, is expecting lower interim results, but has promised shareholders it has a war chest to fund its future strategy. The lender, which is...
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