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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...
African Tax Administration Forum (ATAF) has launched a Rapid Response Unit, to complement the Forum’s support to member countries. The initiative will be offering immediate technical responses as part of broadening its services to member countries...
The University of Botswana and the Special Economic Zones Authority (SEZA) signed a Memorandum of Understanding that is set to pave way for a knowledge based economy in Botswana.The memorandum is centred around identifying and implementation of...
Russia-Ukraine war and the ongoing economic uncertainties have led to credit losses at Letshego. The pan African financial services’ group interim results for the year ended 30 June indicate that the company’s credit losses increased by 8.7...
Bank Gaborone Managing Director, Sybrand Coetzee said the bank continues to empower graduates through its Graduate Trainee Programme to increase the bank’s diversity profile and reduce unemployment rate among youth.There are currently seven...
London-listed Power Metal Resources has signed a diamond drilling contract with 100% Botswana citizen-owned Mindea Exploration and Drilling Services to carry out a planned programme of about 2 600 m of diamond drilling across an expected six drill...
The Managing Director of Botswana Development Corporation limited (BDC), Cross Kgosidiile, has highlighted that Alosa Group of companies was awarded the first ever Business Den prize money, worth P500 000 in March 2021. When giving an overview of the...
RDC Properties expects outstanding increase in profit before tax for the half year ended 30 June 2022, following its expansion in South Africa. The company stated that the profit will be approximately between 170 percent and 190 percent or P46.4...
Sandfire has announced intentions to fund the development of the 5.2 Mtpa expansion from 3.2 Mtpa development at Motheo Copper Mine through a combination of cash and project debt. “The company has obtained credit approval for a US$140.0 million...
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...
As the impact of COVID-19 pandemic moderate, Botswana Insurance Holdings Limited’s (BIHL) performance has started to surge, according to the company's cautionary trading statement on the Botswana Stock Exchange (BSE).“The Group’s results...
Botswana Civil Service Pensioners Association (BCSPA) has applauded government for strengthening and widening oversight authority of the Non-Bank Financial Institution Regulatory Authority (NBFIRA) on pension funds.“NBFIRA should have teeth, to be...
Shumba Energy reported that it experienced financial hardships last year due to the impact of Covid-19 and commitment of investors into other projects. The company is currently placed under suspension from trading by Botswana Stock Exchange due to...
Interim results from Standard Bank indicate that life has moved on from the Covid-19 pandemic and the social unrest that rocked SA a year ago. Not only did Standard Bank report an increase of 33% in headline earnings for the six months to end June...
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...
Botswana Energy Regulatory Authority (BERA) has taken a move to regulate the export of Liquefied Petroleum Gas cylinders (LPG) to curb local price increases. The Authority stated that no person is allowed to export liquefied petroleum gas (LPG)...
Despite heightened competition on the banking industry turf, First National Bank Botswana's performance continues.According to the bank’s latest advisory to shareholders on performance for the year ended 30 June 2022, profits are expected to be...
guardiansun.co.bw is the online edition of Botswana Guardian and The Midweek Sun, Botswana’s leading and oldest newspapers, published by CBET PTY (LTD).