News

KBL takes gov’t to court over alcohol ban

Following the recent alcohol sales ban by the government and after careful consideration of circumstances, Kgalagadi Breweries (Pty) Ltd (KBL) said it has filed an urgent application in the High Court of…

Letshego raises Purchase Order financing ceiling to P2m

Letshego Botswana continues to lead with solutions that are accessible and responsive to the evolving needs of their customers. A case in point is their Invoice and Purchase Order financing that they…

NBFIRA launches Ethics Hotline platform

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has launched the Ethics Hotline platform for all the stakeholders. The platform allows for the reporting of suspected or confirmed unethical activities occurring within the…

Botswana’s  P2.5 billion World Bank loan approved 

Botswana’s efforts to accelerate key economic reforms got a boost following the approval of a $250 million loan by the World Bank. The Programmatic Economic Resilience and Green Recovery Development Policy Loan…

Moody’s downgrades Botswana’s sovereign credit rating

Moody’s Investors Service (Moody’s) has released the results of the review of the 2021 sovereign credit rating for Botswana. Moody’s has downgraded the country’s sovereign credit rating for long-term bonds, denominated in…

Nigerian Access Bank acquires BancABC

Bank of Botswana said it has conditionally approved an application for the purchase and acquisition of the entire ordinary shares, numbering 566 584 954 (78.15 percent), held by African Banking Corporation Holdings…

BoB participates in virtual IMF, World Bank meetings

The Governor of the Bank of Botswana, Moses Pelaelo, along with Senior Bank staff, participated in the virtual Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) from…

Molefe, Showa back at BBS following court ruling

The BBS Limited managing director Pius Molefe and board secretary Sipho Showa are back at the bank after a High Court ruling that their dismissals did not follow due process. The duo…

EU strikes post-Cotonou deal with ACP region

The initialling of the new Partnership Agreement between the European Union (EU) and members of the Organisation of African, Caribbean and Pacific States (OACPS, formerly known as the ACP Group of States)…

National informal sector Recovery Plan launched

The minister of Investment, Trade and Industry (MITI), Peggy Serame has implored the informal sector to work towards building their businesses into formal enterprises. Speaking at the launch of the Botswana National…

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