CAAB Sets out to Reach P500 Million Revenue Goal by 2029
The Civil Aviation Authority of Botswana (CAAB) has launched an ambitious five-year strategy aimed at significantly boosting revenue to P500 million by 2029, building on recent successes. In 2023, the...
View ArticleStanbic named Botswana’s Best Bank for ESG
Stanbic Bank Botswana has been recognised as Botswana’s Best Bank for Environmental, Social, and Governance (ESG) by Euromoney at the Euromoney Awards for Excellence 2024, held on the 18th of July at...
View ArticleHigh Court Halts Sale of Debswana Assets Amid P38 Million Dispute
The High Court in Lobatse has halted the scheduled sale of the Debswana Diamond Company’s assets, saying an arbitrator will handle the matter. This decision comes amidst a heated dispute with Liftoff...
View ArticleRough times for rough diamonds
Botswana Diamond Production Slump 19% Weak demand from China The production of rough diamonds at Debswana Diamond Company fell 19 percent during Q2 2024 compared to the prior corresponding...
View ArticleStanbic on a bull run
Stanbic Bank Botswana said it continues to perform impressively despite operating in a challenging economic environment. The bank posted a 9 percent increase in profit after tax, up from P444 million...
View ArticleTrade Rifts: Masisi Guides Botswana Away from Reliance on South Africa
The South African economy has experienced a series of downturns primarily driven by an energy sector crisis, low investor confidence, and corruption. These issues have had a significant spillover...
View ArticleSeedCo revenue up 14% despite market turbulence
SeedCo has defied regional turbulence to post a robust 14 percent growth in revenue for the fiscal year ending March 21, 2024. According to figures garnered from Imara Capital Securities results...
View ArticleJuly 26th Edition
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View ArticleProtectionism Leaves Agriculture GDP Falling Short
Botswana is yet to rip the full benefits of the restrictions on imports of some agricultural products imposed last year as the national output has remained stagnant. In 2023, the agriculture sector...
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Miss Aesthetics Botswana: Where Beauty Meets Fitness
The Game City Rooftop will be transformed into a dazzling arena for the Miss Aesthetics Botswana competition, which celebrates the captivating blend of beauty and fitness on August 24. This spectacular...
View ArticleNBFIRA seeks to regulate ‘speculative’ forex trading
Non-Bank Financial Institutions Regulatory Authority (NBFIRA) is working on establishing a law that regulates forex trading, the watchdog said this week citing risks of fraud and money laundering The...
View ArticleBotswana still sitting on $137 Million AfDB loan
The Economic Recovery Support Program II (ERSP II), which was approved by the African Development Bank (AfDB) in 2022 for $137 million, has yet to see any funds disbursed, according to the latest...
View ArticleMinister Kgafela launches initiative to integrate traditional medicine with...
A groundbreaking initiative aimed at integrating traditional medicine into the modern healthcare framework has been launched, marking a significant milestone in Botswana’s journey towards a...
View ArticleA journey of growth, challenges, and leadership
Q: Can you walk us through your career journey, highlighting some key moments and challenges you faced along the way? A: I began my banking career in 2010 as a graduate trainee at a local commercial...
View ArticleDe Beers faces supply glut but remains optimistic
De Beers is sticking to its revised production target as it is at its lower point of the cycle, amid weakening demand, Group Executive Vice President, Paul Rowley said. Rowley said on Thursday that the...
View ArticleThe Casualties of fuel famine
Low-income earners bear the brunt of fuel shortage Oil companies are looking at downgrading UPL 95 Some fuel stations now offering ULP 95 at the price of ULP 93 Say they are mindful of affordability...
View ArticleNDB, BIC extend financial safety net to farmers with new insurance coverage
In a major development for Botswana’s agricultural sector, the National Development Bank (NDB) has unveiled a new suite of bancassurance products. Underwritten by Botswana Insurance Company (BIC) and...
View ArticleChobe Holdings’ impressive 32% revenue growth outshines pre-pandemic era
The owners of Sedia Hotel in Maun and Chobe Game Lodge in Kasane said revenue increased by a third to P543 million in the fiscal year ended February 2024, eclipsing both the 2023 gains and pre-COVID-19...
View ArticleAugust 2nd Edition
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Arona Foods MD shares success insights with small business owners
De Beers Group and the Stanford Seed Transformation Network, in partnership with Stanbic Bank Botswana’s Acceler8 Incubator, recently hosted Fannie Gwizi, Managing Director of Arona Natural Foods, for...
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