News

1st Gaborone Import Car Expo coming to Fairgrounds

The 1st Gaborone Import Car Expo as powered by Autoworld “your one stop spares shop” is here and will be held on the 23rd and 24th of November 2019 at Fairground Holdings…

No quarterly dividends for Lucara shareholders

Shareholders of Lucara Diamond Corp. will miss their quarterly dividends after the company announced its board had decided to direct the funds towards the development of underground mine at Karowe. The underground…

First drive-thru Nando’s opens in Phakalane

In a truly PERi-celebration, Nando’s Botswana has on 30th of October 2019, hosted a launch event for its brand new casa (branch) in Acacia Mall, Phakalane. The casa serves as the first drive-thru…

Ramatlapeng is new Deloitte Botswana Country Managing Partner

Deloitte Africa has announced the appointment of Cecilia Ramatlapeng to succeed Max Marinelli as the Country Managing Partner for its Botswana practice effective from 1 June 2020. Marinelli will continue to act…

UK initials post-Brexit trade deal with Botswana, SACU

The United Kingdom (UK) has initialled an Economic Partnership Agreement with the Southern African Customs Union and Mozambique (SACU+M) that will allow business to keep trading freely after Brexit. This marks the…

BoB slashes Bank Rate to 4.75 percent

The country’s central bank has announced it slashed the Bank Rate in many years citing positive inflation outlook. In a statement, the apex bank pointed out that the current state of the…

Moody’s affirms Letshego’s credit rating

Letshego Holdings Limited said its credit rating by Moody’s Investor Service (Moody’s) has been maintained adding that the outlook was stable. The ratings agency stated that the ratings assigned to Letshego capture…

SADC, EU sign three new €47 million programmes 

The Secretariat of the Southern African Development Community (SADC) in conjunction with the European Union signed has signed three Development Cooperation Programmes amounting to a total of €47 Million for a period…

Choppies to move of South Africa and Mogae to step down

Botswana’s largest grocer Choppies says its chairman and former president of the country Festus Mogae will leave the group while the company also revealed its plants to move out of South Africa.…

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