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Engen, Botswana’s only listed petroleum company has made a profit of P127, 3 million for the year ended December 2018. This is contrary to last week’s edition in which we stated it was a loss. While the group which is managed by Chimweta Monga...
Retail property developer, Turnstar holdings will see its financial performance go up by approximately 497 percent in the year ended January 2019. Last year the group’s comprehensive income was P25.7 million and has now increased to P128 million...
Botswana International University of Science and Technology (BIUST), Vice Chancellor Professor Otlogetswe Totolo has challenged government to dismantle Botswana Meat Commission and other state owned monopolies and allow for competition. He said the...
As business integration and competition dialogue deepens on the local economy, divergent views are popping up on the issue. This comes at the backdrop of Competition Authority (CA)’s governing Act allowing both horizontal and vertical integration....
Botswana Investment and Trade Center (BITC) is leading and investment and trade promotion mission in Doha, Qatar in efforts to position Botswana as a preferred investment destination globally. The mission is facilitated by the Qatar Chamber of...
Competition Authority has approved the 100 percent acquisition of Bank of India by First Capital Bank Limited (FCBL) assuring that the acquisition will not result in lessening of competition in the banking sector and that there will be no job...
Vivo Energy rolled out its retail expansion project to grow the business in Botswana and offer more services and value to customers in all service stations. Launching its second ‘Welcome’ retail shop at Riverwalk mall in Gaborone, Retail...
Farmers are facing a bleak harvest season following poor rainfalls which are likely to lead to stunted growth of crops in most parts of the country. Last week the Business Trends met with farmers in Kanngwe who expressed their hopeless...
Driven by the zeal to generate money and create employment for other youth, Gofaone Busang decided to be an entrepreneur, specializing in branding solutions and events management services. She started a branding business last year Sepmeber with...
G4S Botswana shares have not been suspended from trading at the Botswana Stock Exchange as reported on our print edition today. However, the company has announced results have been delayed and will be out before the end of April 2019.
Rough diamond producer, Debswana has awarded Majwe Mining a multi-billion Pula tender for the company’s Cut 9 project which is expected to lengthen Jwaneng mine’s lifespan by a further 15 years, The Midweek Sun has learnt. Debswana has made it...
Standard Chartered Bank Botswana, the oldest bank in the country has announced that profit before tax for the year ended 31st December 2018 will be between 105% -109% (approximately P243million to P253million) higher than that reported for the...
CA Sales Holdings has recorded a double digit increase in gross profit for the year ended December 2018, despite the challenging operating environment that the fast-moving consumer goods (FMCG) that the company and others face. “Revenue increased...
Maatla Energy, a diversified energy company plans to acquire a majority stake of Jindal BVI, which owns Mmamabula coal deposits in the north eastern side of the country, the Competition Authority (CA) has noticed. According to a statement from the...
The business community has started lobbying government to revise the new Income Tax Act, which has potential to cripple companies’ operations and limit investments in the country. Under the new law passed end of last year, interest expenses are no...
Custodians of the national image – Brand Botswana have implored the nation to move out of its comfort zone and aggressively market the country to the global village. Thuso Palai, Manager of Brand Botswana – International said Botswana is unknown...
Botswana Life, the biggest insurance company in Botswana this Tuesday hosted a masterclass for existing and prospective clients of its International Investment Product. Launched in November 2018, the product is designed to assist Affluent Clients...
Decline in global crude oil prices and government controlled margins that cushion the oil companies from inflationary increases in operating expenditure has negatively affected Engen profits leading to 11.4 percent decline in the year ended December...
Minister of Nationality, Immigration and Gender Affairs, Magang Ngaka Ngaka said the ministry is ready to receive new applications for the Women’s Economic Empowerment Programme as the review of the guidelines will be complete by end of March this...
Public owned property investment company, Letlole La Rona (LLR) will see its profits declining by more than 20 percent in the year ended December 2018. The expected slide in profits is due to the impairment on the carrying value of the four hotels...
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).