The Board of Directors of Shumba Energy has announced that the company has signed an option to acquire 75 percent of the Morupule South project from Hodges Resources.
The Morupule South Coal Project is located within the central eastern district of Botswana, directly to the south of the Morupule Colliery.
Growing up in the tiny village of Mathubudukwane in the Kgatleng District, Anthony Rasetshwane had just one aspiration; to become a community builder and leader.
Rasetshwane so much loved community work he quit the army just nine months into the job so he could go back and help in community development projects back home.
There is an upsurge of bogus DSTV agents who have been offering services similar to the one that MultiChoice Botswana offers to customers in Botswana.
A number of Batswana who have registered their DSTV decoders with false identity cards and South African addresses are now using the service of bogus agents who carry transactions on behalf of Batswana.
The expected relief in food prices, in particular maize, as reported by the president of the Botswana Millers Association Nkosi Mwaba is probably the best news ordinary folks especially those in the rural villages will get following the tumultuous events that unfolded due to the drought that gripped the region in the past two years.
Latest information suggests that Capital Management Africa (CMA) has acquired Fleming Asset Management Botswana through its subsidiary Capital Management Botswana (CMB) for P22 million.
CMB currently runs Botswana Public Pensions Fund (BPOPF)’s other private equity fund, Botswana Opportunities Fund (BOP) which has grown to P880 million from P500 million.
A January 2017 report by the Standard Bank Group titled ‘Africa Markets Revealed’ posits that Botswana’s economic outlook is “looking up” with some improvements expected ahead.
The optimistic outlook by the report suggests that the country might possibly have overcome its deepest economic engulfment implying therefore that the worst should not be expected to be lurking.
Ntlo Ya Dikgosi has rejected a motion from Chief Kgosidialwa Moalosi of Tonota region to request government to liaise with local banks to allow pensioners to be granted loans.
Moalosi told members of Ntlo Ya Dikgosi to support his motion arguing that local banks are refusing to assist pensioners particularly after their mandatory retirement at the age of 60 years.
A yearly market performance report compiled by the Botswana Stock Exchange (BSE) indicates from a sectoral perspective the reduction of the listed local banks’ weight to the domestic company Index (DCI).
The DCI tracks the performance of domestic companies trading on the BSE and contains information on the local bourse between January and December 2016.
It is just a matter of hours before all eyes and ears turn to Finance Minister Kenneth Matambo as he delivers the 2017/18 national budget speech.
Generally the speech is expected to provide good indications of what both small, medium and big businesses can expect from an economic and regulatory point of view.
Fresh information has surfaced that local multi-billion Pula entities are gearing up to partner with the national carrier, Air Botswana.
Government is expected to put out an Expression of Interest (EOI) with the objective to identify an investor with whom it will partner at the cash strapped airline Air Botswana soon.
Barclays Bank Botswana has delivered its promise of leveraging their digital channels to drive customer uptake and expand the service offering on their digital platforms for profitability.
The bank last week cautioned that its consolidated results for the year ended December 31, 2016 will be significantly higher than those reported for the previous year.
Minister of Defence, Justice and Security Shaw Kgathi stood his ground over his bold military at the on-going Ntlo Ya Dikgosi session on Monday, lashing out at his critics for wallowing in a false sense of illusion over excess army spending.
The embattled Botswana Meat Commission (BMC) is rising from the ashes and has resolved to strengthen its cash flow following tough competitive market from local butcheries.
Funds permitting, Botswana through the assistance and collaboration with the Nairobi-based AU Inter African Bureau for Animal Resources (IBAR) has been selected as host to a state-of-the-art Apiary-Disease Research and Control Laboratory (ADRCL), hopefully during the 2017 fiscus.
The cash deficiency currently experienced by government means that local businesses that rely on their pockets for survival are suffering but that seems not to be the case for the local mass retailer Sefalana.
The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017 which it attributes to tightening supply and strengthening demand.
The National Airline, Air Botswana, is sitting on a ticking bomb after it emerged that scores of its pilots are quitting for greener pastures which has dire consequences for the company.
The cash-strapped airline that has been receiving substantial funds from government in an effort to bail it out from sinking deeper, is currently running the risk of losing all of it pilots.
Our capital city, Gaborone has been facing massive urban explosion over the past decade due to our people flocking to the city for “greener pastures”. These numbers also include that of foreign nationals who crossed the borders for one reason or the other, but most likely for economic reasons.
‘‘The train is very addictive. Ride once and you will forever want to ride’’, Botswana Railways Chief Executive Officer Dominic Ntwaagae had warned me. When the government of Botswana instructed Botswana Railways to bring back the passenger train, Ntwaagae and his team decided to not just bring back the train but to evolve the rail travel.
The Competition Authority (CA) has raised concerns about anti-competitive behaviour as well as bid rigging particularly in the country‘s multi-billion Pula projects.
