Business

Investors ONGOS group from Namibia have partnered with the new Botswana Government and the Botswana Housing Corporation(BHC) to develop 50 hectares of land in the Kgale View area, to build 1 bedroom apartments and 3 bedroom stand alone houses at affordable rates.

The Bank of Botswana Governor Cornelius K Dekop has revealed that the Monetary Policy Committee has maintained the Monetary Policy Rate maintained at 1.9 percent. He also indicated that the revised import tariff rate for exports to United States of America(USA) set at 37 percent, which has been put on hold for 90 days, would if implemented adversely impact on Botswana’s exports which account for a significant amount of Botswana revenue earnings.

Preliminary accounts by the Botswana Unified Revenue Service(BURS) indicate that the net tax revenue collected as at 31st March 2025 amounts to P61.097 billion, surpassing the target of P58.704 billion by P2.393 billion (4.08%).

Stanbic Bank Botswana hosted an event at Royal Aria, Tlokweng, in which experts discussed the growing virtual asset industry and the need to remain vigilant about cybercrime.

The BIHL Trust, the charitable arm of the BIHL Group, has reaffirmed its commitment to supporting communities across Botswana by donating P500,000.00 to the Botswana Red Cross Society to assist with flood relief efforts.

After 6 years of ptotracted negotiations, the Government of Botswana and De Beers Group formally announced that, the two partners have signed the formal new agreements for a 10-year Sales Agreement.

The Monetary Policy Committee (MPC) of the Bank of Botswana has determined to maintain the Monetary Policy Rate (MoPR) at 1.9 percent.

Vice President and Finance Minister Ndaba Gaolathe used his maiden budget presentation to reaffirm the newly elected Umbrella for Democratic Change(UDC) Government’s commitment to earning the trust and faith of Batswana in public office bearers.

The Minister of Labour and Home Affairs Pius Mokgware said there is no reason that companies earning profits in excess of P500million annually could not pay a minimum wage of P4,000 monthly.

Botswana Post has launched the innovative Post4Health initiative ensuring that essential medicines, vaccines, and medical supplies reach all corners of the country—particularly our most underserved communities officials have revealed. 

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.