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Absa Botswana, the publicly listed company on Wednesday announced that the condensed consolidated interim results for the period ended 30 June 2023 will be higher than those reported for the 6 months period ended the year before.The bank, which is...
First National Bank of Botswana Limited (FNBB) has appointted Dr. Mbako Mbo as an Executive Director to the FNBB Board with effect from 17 August 2023. Mbo is currently the Chief Financial Officer of FNBB. He joined the Bank in February 2023 from...
Shumba Energy announced that it has issued 1,137,455 new ordinary shares which are to be issued in settlement of an obligation amounting to USD75,226 incurred by the company for development of the company’s assets. The holders are existing...
Internet subscriptions declined by 2.4 percent to 2,906,834 from 2,977,845 recorded in the last three months of 2022. Statistics Botswana revealed that this was attributable to mobile internet subscriptions which decreased by 2.7 percent, from...
Francistown Industrial Business Incubator (FIBI) indicated good performance recording a total turnover of P12,2 million during the 2021/22 Financial Year. Local Enterprise Authority (LEA) revealed that the FIBI through administering of its growth...
Letlole La Rona share price declined by 28 percent during the seven months period ending July 2023. Botswana Stock Exchange (BSE) market performance report for the seven months period indicated that among the seven companies which experienced decline...
First National Bank (FNB) anticipates challenging operating environment next year following the recent increased interest rate which will limit the scope of credit growth. Recently the central bank increased the interest rate to 2.65 percent due to...
Absa Bank Botswana anticipates substantial profits from its half year results for the period ended 30 June 2022. The bank announced this week that its profit before tax is expected to be higher by between 30 to 40 percent than what was reported for...
Retailer Woolworths Holdings Limited (WHL) on Wednesday (31 August) published its results for the 52 weeks ended 26 June 2022, showing muted turnover, buoyed by strong online sales growth.Turnover grew 1.7% to R80.1 billion, while turnover and...
Botswana Development Corporation, the government’s investment arm, is committed to fundamentally contributing to the development of viable, competitive, and profitable manufacturing industry, its Managing Director, Cross Kgosidiile recently told...
Walmart looks set to buy out minority shareholders in Makro parent, JSE-listed Massmart, as the US retail giant doubles down on its South African operations despite a challenging economic environment.The boards of the two companies have reached an...
Bank of Botswana calls for removal of regulatory barriers to the uptake of ICT driven financial systems to enable the stable national economic growth. In its 2021 annual report, the central bank stated that that Botswana needs to leverage on existing...
Prime Time Property has appointed Unopa Njadingwe as Company Secretary with effect from 10 August 2022. Njadingwe joined the external management company of Prime Time on 1 July 2022 from the non-banking financial sector where she was a Legal and...
Competition and Consumer Authority warns the public to be cautious against Katlego Motors (Pty) Ltd (Katlego Motors), which is in the business of selling imported second hand vehicles. Katlego Motors’ last known place of business was Plot 6655...
Chobe Holdings Limited has appointed John Knox Gibson as the Chief Executive Officer effective from 1 September 2022. He joined Chobe on 1st February 2018 as the Senior Group Executive and later joined Chobe Board an executive Director.Immediately...
Africa’s off-grid solar power industry is growing but is in urgent need of further support, as the sector struggles to shake off the negative impact of the Covid pandemic on providers of equipment and services, and the ability of customers to pay....
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