Chevron commits to Botswana
This development, the group says, is aligned with licensing growth strategy, where they have successfully expanded the Caltex footprint with key partners in other parts of Africa and beyond. Chevron is...
View ArticlePrimeTime secures strong covenant tenants for the long-term
PrimeTime has revealed that it has re-geared many of its leases, securing strong covenant strength tenants for the long-term. These include G4S and Woolworths in Zambia, Tigers Milk in South Africa and...
View ArticleRDC’s acquisition of JSE Listed Tower Property Fund gets the nod
At an extraordinary general meeting of shareholders of Tower Property Fund on 24 November 2021, all resolutions required to implement the transaction were passed by a majority of 98 percent of the...
View ArticleCA Sales increases its stake in Logico
“The aggregate purchase consideration of which will be settled by the Company through the payment to the Sellers of a cash consideration and by issuing ordinary shares to the Sellers,’’ the company...
View ArticleBIUST extends degree programmes to 5 years
Professor Shemang was speaking during the Media Tour at the BIUST Campus on December 7th, 2021. He noted however that the Faculty of Engineering and Technology’s programmes are already on 5 years while...
View ArticleBTC post tax profit up 30% despite revenue slack
Profit rose from P65.8 million to P85.6 million, thanks to cost containment initiatives that enhanced the performance. Expenses fell from P114 million to P97 million. The six-month period under review...
View ArticleOld Mutual Botswana earns top credit rating
Global Credit Rating (GCR) affirmed Old Mutual Short-Term Insurance (Botswana)’s national scale rating of AA-, with a Stable outlook. The credit rating is on the basis of the business’s financial...
View ArticleDisclosure and transparency – fortifying governance
It is important for selected officials within the organisational hierarchy to take this as an opportunity to reconfigure critical corporate components and lubricate cogwheels considered crucial for...
View ArticleExpect VAT billing machines in 2022
You may have picked from past budget statements and media briefings by finance officials that there is a drive to increase the capacity of BURS to generate taxes locally. Those of you who read...
View ArticlePragmatic soul
The previous model didn’t look all that different from the 3 Series on which it was based, however this new model offers enough differentiation which, in my opinion, has completely changed the...
View ArticleTurnstar MD sues Sunday Standard for P20m
In a rather perplexing turn of events, the Managing Director of Turnstar Holdings, Gulaam Husain Abdoola, is threatening to wage war on the Sunday Standard weekly for what he terms a vicious and...
View ArticleGDP up by 3.4 % in 3rd quarter 2021
According to Statistics Botswana, the country’s Gross Domestic Product for the third quarter of 2021 was P47,833.7 million compared to the revised P46,282.1 million recorded in the second quarter of...
View ArticleStanbic appoints Matshidiso Kereteletswe Head, Technology & Operations
Kereteletswe serves as part of the Bank’s Country Leadership Committee (CLC). Kereteletswe will play an instrumental role in driving holistic and sustainable progress in the Bank’s transformation...
View ArticleBOPEU’s is a mixed bag of financial fortunes
The Botswana Public Employees Union (BOPEU) has endured a mixed bag of financial fortunes between the years 2019 and 2020, The Business Weekly & Review has established. The Treasurer General’s...
View ArticleAfDB loan to aids investment in renewable energy
The African Development Bank (AfDB) has approved a loan application submitted by the Botswana Energy Regulatory Authority (BERA) targeting investment by the private sector in renewable energy. This...
View ArticleIMARA recommends HOLD for Seed Co. stock
In its latest Equity Research Report analysing the financial services sector, Imara Securities has given a HOLD recommendation on Seed Co, a leading certified seed company authorised to market seed...
View ArticleBatswana defrauded millions in the LPG industry
A rare study has found that Batswana are getting a raw deal in the cooking gas market in which they are only consumers. This is a key finding according to a report titled “Liquefied Petroleum Gas...
View ArticleBDC survives unstable business ground
Despite headwinds and an unstable business ground, Botswana Development Corporation (BDC) has managed to register a 14 percent increase in company revenue from 2021’s P225 million to P257 million for...
View Article“I realised there was a need for my IT expertise at home”
Q: Briefly tell us about PCG Software. How did it start and what was the motivation behind starting a software development company? A: We are a multi-award-winning, youth-led company that was...
View ArticleHow BOPEU navigated tough COVID-19 terrain
Despite the challenges posed by the onset of the COVID-19 pandemic in late 2019, the Botswana Public Employees Union (BOPEU) has soldiered on and remained solvent in the mist of declining revenue...
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