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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...
Sanlam, a South African company with majority shareholding stake at Botswana Insurance Holding Limited (BIHL), has announced intentions to scale up digital adoption at the local insurance company.“We believe the world is changing and with...
FirstCred micro-finance institution has been placed under judicial management following gross misuse of P120 million from investors by former management under Getbucks.The High Court has recently ruled in favour of FirstCred, declining petitions from...
Letshego, the pan-African finance group, has launched an innovative housing product, Affordable Housing. According to a statement, the product is available to customers in Botswana and Namibia, with rollout plans to the group’s remaining...
Progressive Institute’s annual national human resource dialogue has been slated for October. According to Chief Executive Officer of Progressive Institute, Mmoloki Mmolotsi, the 5th Strategic HR Conference will be held under the banner, ‘The...
Sheperd Aisam from Botswana, who has served as Head of Corporate & Investment Banking (CIB) at Stanbic Bank for 6 years, has been appointed Head of Public Sector, Business & Commercial Clients at Standard Bank Group. Stanbic Bank Botswana Chief...
Khumo properties has intensified its efforts to reshape the property landscape across its portfolio by bringing more developments, and face lifting with international look in all its properties. Briefing the media on Thursday, Khumo Properties Retail...
Botswana Trade Commission Chief Executive Officer, Shirley Moncho appealed to government to facilitate easy accessibility and cheaper usage of digital tools for small businesses to enable cross border trade.Speaking during the Pan African Women’s...
BITC continues to propel its mandate of luring investors to setup in Botswana. The Centre has yet again facilitated a manufacturing company, Cheetah Cement - a world class Cement Plant Facility, utilizing first class technology and experience in the...
Botswana subsidiary of Reliance Infosystems has initiated a three months project to equip the country’s human resource with soft skills, as the nation seeks to prop up knowledge-based economy. Speaking at the company’s symposium dubbed ‘Digital...
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