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December 6th Edition

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The Cat’s Paw

David Van Niekerk and his associates played a major behind-the-scenes role in siphoning millions of Pula in investment funds out of the country through an elaborate scheme. This scheme first involved...

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Directors ‘Reject’ Aluma Capital

David van Niekerk’s involvement with Aluma Capital in July 2019 marked a dramatic shift for the company. Since his arrival, all of the original directors have resigned, and of the nine new directors...

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Botswana to develop horse racing strategy

The Gambling Authority is leading the development of a comprehensive horse racing strategy designed to foster inclusive economic growth, create jobs, and enhance the quality of life for citizens. This...

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HB Antwerp ready to work with new government

Rafael Papismedov, co-founder and Managing Partner of HB Antwerp Botswana says the election of President Duma Boko marks a pivotal moment for Botswana’s diamond sector. HB Antwerp plans to closely...

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Botswana tops Africa’s economic instability list for 2024

Botswana has always stood out as the bastion of macroeconomic stability and financial prudence, but the latest Africa Country Instability Risk Index, released by SBM Intelligence in November 2024 shows...

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NPC probes underperforming ministries

Several government ministries and departments in Botswana have been flagged by the National Planning Commission (NPC) for failing to meet service delivery expectations. The NPC’s Commissioner General,...

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Empowering women to find their voice

Boineelo Palai, popularly known as Mys Bee, is the founder of the Women Evolve BW Organisation. In an interview, she explains that Women Evolve is an initiative she launched in 2019, dedicated to...

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BVF hails ODC sponsorship for Zone VI championships

The Botswana Volleyball Federation (BVF) has hailed a shot in the arm by the Okavango Diamond Company (ODC) ahead of the upcoming Zone VI Region Senior Clubs Championships.   BVF said the P250,000...

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Banks poised to gain most from UDC’s victory

While the Umbrella for Democratic Change (UDC) has yet to outline specific policies for the banking sector, its broader agenda suggests significant potential benefits for banks, according to global...

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Suspected laundered money hits P191 million in six months

The Financial Intelligence Agency (FIA) has reported suspicious financial activities amounting to P191 million in just six months, as detailed in its latest Trends Report covering January to June 2023....

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December 13th Edition

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Government’s Financial Woes Spread to Banks

The central bank has reduced the Primary Reserve Requirement (PRR) for banks from 2.5 percent to 0 percent, as banking liquidity approaches critical levels. Banks are required to hold a certain...

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Jwaneng Modular Plant Celebrates a Decade of Production

Jwaneng Modular Plant (JMP), one of the four plants at Jwaneng Mine, is celebrating a decade of production this year. The plant’s construction began in April 2012 with the primary objective of...

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Inside HB Antwerp’s wealth creation plan for Botswana

Q: Has the Botswana Government paid for its equity stake in HB Antwerp? A: The due diligence phase was done, and the Government of Botswana was about to share the draft contracts.  No equity...

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Dividends and Penalties don’t trigger VAT

One of the most common perplexing tax issues that usually boggles the mind of some professionals is whether or not VAT is applicable on payments of dividends and penalties of any kind, including those...

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Lucara injects P1.5 billion to extend Karowe life

Canada’s Lucara Diamond Corp announced a P1.5 billion investment to expand its flagship Karowe Mine in Botswana, extending the mine’s lifespan beyond 2040. The Toronto Stock Exchange mining junior...

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December 20th Edition

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Ticano: Empowering SMEs in Botswana and Beyond

Ticano Group, a creative financial solutions provider, has become a key player in financing Small and Medium Enterprises (SMEs) supplying government, councils, parastatals, and large corporations...

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AELP integrates continent capital markets

The African Exchanges Linkages Project (AELP) is leading efforts to integrate the continent’s capital markets, aiming to transform Africa’s financial landscape.   Lina Tonui, AELP’s Project Manager,...

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