Informal sector, youth dominate Chema Chema
Almost all businesses that applied for the Chema Chema Fund, a P500 million Fund, that started around May 2024, are informal businesses, according to the latest Statistics on the fund. Data shows...
View ArticleClock is ticking for Masisi & Co.
Fitch says slow progress in diversifying industries poses risks to social stability May weaken electoral support for ruling party in future elections Botswana occupies a lofty position in the RMB’s...
View ArticleOver 20 teachers lose salary review case
The Court of Appeal has dismissed a case in which scores of teachers challenged government decision to review their salaries after their employer argued that they were not eligible for assimilation to...
View ArticleBTC outgoing MD compensation increased by 5%
Former Botswana Telecommunications Corporation (BTC) Managing Director Anthony Masunga’s compensation rose 5.5 percent to P3.4 million in fiscal year 2024, making him one of the highest-paid CEOs of a...
View ArticleChickens come home to roost for Botswana property market
Botswana’s property sector has long been a bullish emerging market, yielding high returns for agile institutional and individual investors over several economic cycles. While prices have seen a...
View ArticleSeptember 13th Edition
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View ArticleAir Botswana ready to spread its horizons
Re-fleeting key to transformative strategy Air Botswana seeks to rule regional skies as it breaks new ground with exciting routes Air Botswana is charting a course toward a vibrant recovery free...
View ArticleCreatives Get Presidential Affirmation
Eleanor Roosevelt – Chairperson of the drafting committee of the Universal Declaration of Human Rights – once said: “To handle yourself, use your head; to handle others, use your heart.” This sage...
View ArticleThe 5% tax applies to parking/storage fees
The Income Tax Act (ITA) mandates a 5% withholding tax on any payments made for the use of land or buildings. According to the Act, anyone who pays rent, by any name, to a resident or non-resident for...
View ArticleAbsa commits to rewriting stories
Sometimes, all it takes is someone to give you a leg up for you to see your future anew. Other times, however, you’ve just got to cast your net into the dark water’s depths and hope that your timing...
View ArticleGlobalisation: the real winners
Globalisation is the process of increased interconnectedness and interdependence among countries, primarily driven by trade, investment, technology, and the movement of people. This phenomenon, which...
View ArticleJob openings post increase amid protectionism
Employment for skilled agriculture, forestry & fishery workers increase Absa SME and Agri created 642 new jobs Absa targets 1 100 new job Job openings have recently increased amid a surge in...
View ArticleLucara finds 1,094-carat diamond at Karowe
Lucara Diamond has made yet another stunning discovery—a 1,094-carat diamond from its Karowe Mine in Botswana. This is not just any other diamond. It is the sixth stone over 1,000 carats Lucara has...
View ArticleSeptember 20th Edition
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View ArticleBURS aims to bring shadow economy into the light
Seeking to dismantle a black economy dragging on economic growth, the Botswana Unified Revenue Services (BURS) wants to lure informal workers into the social security net – and the reach of the tax...
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From pandemic to fashion triumph
Phetso Kgathi, founder of PrettyBird Boutique_BW, an online clothing store, is a young Motswana from Gaborone. In an interview, Kgathi shared that she started PrettyBird Boutique_BW during the 2020...
View ArticleFormer Deputy PS Denied Scarce Skills Allowance
The Court of Appeal dismissed a case in which former senior government official sought compensation for scarce skills allowance. Colonel Duke Masilo, worked as Deputy Permanent Secretary in the...
View ArticleP521 million: Jwaneng Mine Cut 9 Project Cos
Minerals Minister Moagi confirmed the budget for the project Project to allow Debswana to mine at Jwaneng Mine until 2023 Orapa Cut 3 project costs yet to be known, under feasibility stage...
View ArticleBotswana stumbles towards a fiscal cliff
Growth is expected to slow sharply in 2024 due to a decline in export performance, according to the latest data from Business Monitor International (BMI). The organisation attributes the downturn to...
View ArticleMophato Presents a Jewel Among Rocks
Contemporary dance in Botswana wears a single name when it comes to magnificence and scale. Mophato Dance Theatre has returned to the public with a production that – while atouch more minimal than the...
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