News

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.…

Bryte Risk Services Botswana strengthens its operations

Bryte Risk Services Botswana (“Bryte”), the proactive personal and business risk specialist, has entered into a partnership that will result in its enhanced presence in the short term insurance space. This follows…

PepsiCo offers to acquire Pioneer Foods

PepsiCo, Inc. says it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. for R110.00 per share in cash (approximately US $1.7 billion), which represents a…

FNBB Awarded Best Bank in Botswana

First National Bank Botswana (FNBB) has been named the best Bank in Botswana at the 2019 Euromoney Awards for Excellence. This is the third consecutive win for the Bank and was announced…

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