Business

The Bank of Botswana has announced the revision of the prevailing Pula currency basket weights of 45% for the South African rand and 55% for the Special Drawing Right (SDR) comprising the US dollar, Euro, British Pound, Japanese Yen and Chinese Renminbi.

The Chairman of SADC and President of Zimbabwe, His Excellency Dr Emmerson Mnangagwa, received the SADC headquarters building from Bongwe Investments on behalf of the SADC secretariat in Gaborone, Botswana. He also received 19 hectares of land from the Botswana government, for the building of other SADC building infrastructure.

ABSA hosted a “Women’s Entrepreneurship” workshop at “Travel Lodge” in Block 8, Gaborone, Botswana, designed to assist entrepreneurs to improve their skills in business in order to bolster their financial assets and profitability.

The Annual Fairscape Carols by Candlelight event, held at the Fairscape Precinct, , brought together Fairscape tenants, corporate partners, and guests to celebrate the festive season with a spirit of unity and giving. The event, now in its 6th instalment, was marked by the warmth of community, the beauty of song, and a strong call to action for social responsibility.

The Monetary Policy Committee (MPC) of the Bank of Botswana maintained the Monetary Policy Rate (MoPR) at 1.9 percent but reduced the Primary Reserve Requirement (PRR) from 2.5 percent to 0 percent.

The Minister of Trade and Entrepreneurship has revealed that the serious nature of allegations of sabotage and impropriety at the Citizen Entrepreneurship Development Agency(CEDA) compelled him to instigate a forensic audit of the Financial Development Institution(FDI).

On the 26th and 27th November African Exchange Linkages Project (AELP) held a conference. AELP is a brain child of ASEA and the African Development Bank. Similarly to ASEA, it strives to promote the flow of capital throughout Africa and to provide a safe regulatory environment for companies.

Botswana hosted the 27th African Security Exchanges Association (ASEA) annual conference, which is the apex body for security exchange bodies in Africa.

The Umbrella for Democratic Change (UDC) just took office but Monday afternoon protestors gathered en masse and vociferously demanded action against corruption.

ABSA has officially launches its first ever self-service branch at The Fields Mall. This occasion marks an exciting milestone for Absa Bank Botswana, as it continues to innovate and deliver convenient banking solutions that meet the evolving needs of local customers.

Lobatse, Botswana – Botswana Development Corporation (BDC) has officially launched the Milk Afric Dairy Project, a groundbreaking initiative that signifies a major step forward in Botswana’s pursuit of food security and economic diversification. The launch event in Lobatse brought together key government officials, industry leaders, and local stakeholders, all united in their commitment to unlocking the potential of the dairy sector and creating sustainable growth for the nation.

Ministry of Minerals and Energy officials have lauded the completion of the P 315 million structure to enhance the security of the country’s petroleum supplies as a vital cog of national security.

Botswana’s government held an awards ceremony during Independence celebrations to recognize people who have contributed to its development.

To ensure security of fuel supply and to get substantial captive volumes, the Government has now increased the volumes imported by Botswana Oil Limited by consolidating volumes through an importation quota of the petroleum products by the National Oil Company.