The Business Report

27/06/2022

16/11/2021

With co-operatives having collapsed around the country, the new product aims to bring them back to life, revamp and re-direct the development of co-operatives into globally competitive businesses with a human face.

The Citizen Entrepreneurial Development Agency (CEDA) has introduced to the market a specialized product for the co-operatives aimed…

16/11/2021

Botswana, however, is one of two countries in Africa with the highest number of female Board of Directors. As of 2020, the percentage of women at senior management stood at 72%, a step closer to the global percentage of 87%.

Globally, women are afforded fewer opportunities than men and have even less access to basic and higher education.…

30/10/2021

The Bank of Botswana has responded to the recent media reports and commentary on its governance, following a submission by the Chief Executive Officer of the Botswana Accountancy Oversight Authority (BAOA), Duncan Majinda to the Parliamentary Committee on Statutory Bodies and State Enterprises.

05/09/2021

Age 16, Jeff Bezos worked at McDonald's. Today he is the richest man on earth and he’s worth more than McDonald’s.

05/09/2021

Valuations in 2021:

Airbnb: $99 billion
Hilton Hotels: $34 billion
Hyatt Hotels: $7 billion

Valuations in 2008:

Hilton Hotels: $26 billion
Hyatt Hotels: $6 billion
Airbnb: (launch year)

16/08/2021

CHIJORO APPOINTED HEAD OF BCC AT STANBIC

Stanbic Botswana has announced the appointment of Calistas Chijoro as the new Head of Business and Commercial Client Segement (BCC).

According a statement from the bank, as part of its strategic journey to be a bank of the future, they are continuing to transform towards being even more focused and a lot more client-centric.

“One of the positive changes we have introduced is the deconstruction of Personal and Business Banking (PBB) into 3 segments: one of which is the Business and Commercial Client Segment (BCC),” the bank said.

“This segment will be headed by Calistas Chijoro, who has 13 years of banking experience, 7 years of which have been with Stanbic Bank.”
Chijoro joined in 2014 and has served in a number of roles including Head of Customer Channels and Head of Business Banking.

Chijoro will oversee and execute the small-medium-enterprise strategy by deploying locally relevant client-value-propositions to support the economic diversification drive.

“It drives the effective deployment of direct banking solutions to meet the needs of all business owners, as well as build and maintain effective relationships with clients to entrench our position as a partner for growth amongst businesses of all sizes across multiple industries,” the bank said.

06/08/2021

Following unsuccessful court bid to challenge alcohol ban, Kgalagadi Breweries (Pty) Limited (KBL) has announced today that it will suspend a majority of operations at all sites from Monday, 9th August 2021.

03/08/2021

The Ministry of Finance and Economic Development has appointed Jeanette Chanda Makgolo as the new Commissioner General of the Botswana Unified Revenue Service (BURS), for a period of five years, effective 1st August, 2021.

The Ministry of Finance and Economic Development has appointed Jeanette Chanda Makgolo as the new Commissioner General of…

29/07/2021

The diamond was recovered from direct milling of ore sourced from the M/PK(S) unit of the South Lobe. During the same production month a 156.2 carat top white gem quality diamond was also recovered from processing of M/PK(S) material.

The 393 carat diamond is the 7th diamond greater than 300 carats to be recovered at Karowe year to date and the third gem quality +300 carat produced from the M/PK(S) unit in 2021, along with the 341 carat (January 14, 2021) and 378 carat (January 26, 2021) top white gems recovered in January of this year.

Lucara Diamond is pleased to announce the recovery of a 393.5 carat top white Type IIa gem quality diamond from the Karowe Mine located in Botswana.

Read our press release to learn more 👉 https://bit.ly/2V20MDg

21/07/2021

The Bulb World Chief Executive Officer (CEO) and entrepreneur, Ketshephaone Jacob has been selected as a 2021 Top 50 Africa’s Business Hero. Jacob was chosen from a pool of 12,000 applicants – many of whom are highly-skilled and accomplished entrepreneurs. Africa’s Business Hero, sponsored by technology entrepreneur, Jack Ma, aims to identify, support and inspire the next generation of African entrepreneurs who are making a difference in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.

Africa’s Business Hero, sponsored by technology entrepreneur, Jack Ma, aims to identify, support and inspire the next generation of African entrepreneurs who are making a difference in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusi...

07/07/2021

Botswana Life Insurance Limited (Botswana Life), the leading life insurer on Monday, launched a new arm of its business, being its subsidiary, Botswana Life Fiduciary Services.

30/06/2021

An interesting development.

We wish to inform our customers that the option to deposit cash without a card at FNB cash deposit ATMs has been disconnected.

Customers will be required to use their FNB cards to deposit into any FNB account at cash deposit ATMs countrywide.
Non FNB customers can deposit at any Cash Plus agent nationwide. Visit https://www.fnbbotswana.co.bw/ways-to-bank/for-me/Cash-Plus.html to find an agent near you.

27/06/2021

Our Managing Director, Keabetswe Pheko-Moshagane will the deliver opening remarks of the Opportunities in Agriculture webinar on Wednesday, 30 June 2021. Join the conversation live on our page from 10:00 - 11:00 (CAT).

27/06/2021

The Botswana Insurance Holdings Limited (BIHL) Group have announced the departure of Batsho Dambe-Groth after serving 13 years in the company board.

22/06/2021

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 1,174.76 carat diamond from its 100% owned Karowe Diamond Mine located in Botswana.

The 1,174.76 carat diamond was recovered in the MDR (Mega Diamond Recovery) XRT circuit. On the same production day, several other diamonds of similar appearance (471 carat, 218 carat, 159 carat) were recovered at the main XRT circuit, indicating the 1,174 diamond was part of a larger diamond with an estimated weight of > 2000 carats. The MDR is positioned after the primary crusher, ahead of the autogenous mill, and is the first opportunity for diamond recovery within the circuit.

PRESS RELEASE: Lucara has recovered a 1,174 carat diamond from the Karowe Mine in Botswana.

The 1,174 carat diamond represents the third +1,000 carat diamond recovered from the South Lobe of the AK6 kimberlite since 2015.

Read the news for more details 👉 https://bit.ly/3zQZnyM

16/06/2021

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16/06/2021

Absa Bank Botswana Limited has announced the appointment of former Minister of Trade and Industry Daniel Neo Moroka as an Independent Non-Executive Director and Board Chairman of the company, effective 1 July 2021.

15/06/2021

The diamond, which was recovered on the 1st of June 2021 from south kimberlite pipe at Jwaneng Mine, will be presented to President Mokgweetsi Masisi and his cabinet on Wednesday.

Debswana has recovered a 1,098 carat diamond, the largest gem quality diamond ever recovered in its 52 year history. The diamond is also the fifth largest diamond ever recovered in history of mining.

14/06/2021

We are launching a digital magazine in July. Watch the space. Our website is now live at www.businessbw.com

14/06/2021

LEA is helping young entrepreneurs to develop their business plans.

Youth entrepreneurs countrywide! This message is for you.

Those interested in LEA's assistance with developing their business plans should send their proposals as per the below guidelines. This service is offered for FREE.

N.B. Client is responsible for submitting their final business plan to MYSC.

Use the nearest Library to access the internet.

11/06/2021

During the 2020/2021 financial year which ended in March, the CEDA received 18,607 applications which were valued at over P5, 377 billion which comprised of the 8 771 approved applications valued at P709 million

Thamane said the P624 million funding of businesses show that more Batswana were interested in the revised guidelines since it offers them a more relaxed environment of business performance.

11/06/2021

Tshipidi Mentorship Program is a strategic initiative that was first introduced in 2019 as a means to groom companies that could potentially raise capital, improve governance and leverage from increased publicity through the stock market in the short to medium term.

Botswana Stock Exchange (BSE) last week started drilling 13 local companies in practices necessary for them to successful…

10/06/2021

'It has come clear that the creative industry in Botswana, has not produced ANY unique content provider to fulfil the competitive international audience expectations' 😀

07/06/2021

Lucara Diamond Corp has announced the recovery of a 470 carat top light brown clivage diamond from its 100% owned Karowe Diamond Mine located in Botswana.

Lucara Diamond is pleased to announce the recovery of a 470 carat top light brown clivage diamond from the Karowe Mine.

Read our press release to get all the details about this recovery: https://bit.ly/3g0w70U

01/06/2021

Minet Botswana now joins the Minet Group, a well-known and trusted pan-African risk advisory firm which has been rapidly expanding its African footprint since 2017 through the acquisition of Aon’s operations in Kenya, Lesotho, Malawi, Mozambique, Namibia, Tanzania, Uganda, and Zambia.