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Exports Massively Decline In June
Trade deficit reaches P6.3 billion TLOTLO KEBINAKGABO As COVID-19 takes a toll on the economy, Botswana’s overall exports in June 2020 decreased by P70.3 percent (P2.2 billion) to P943.5 million …

BTC Advances 4IR In Agriculture
GAZETTE REPORTER The recent introduction of VSAT (Very Small Aperture Terminal) technology by Botswana Telecommunications Corporation Limited (BTC) has seen local farmers taking advantage of the development to enhance their …

BluThorn Ordered To Re-Capitalise
Liquidation temporarily halted Shareholders racing against time to raise over P100m BluThorn failed to re-capitalise before KEABETSWE NEWEL In a desperate attempt to save their company from liquidation and total …

Born & Raised Launches Detergents
Director announces retailers of the soaps Minister Matsheka emphasises need for economic empowerment law BnR says annual festival will be COVID-compliant GOSEGO MOTSUMI In a bid to diversify its product …

Botswana’s Outlook Revised To Negative
International credit ratings firm, S&P Global Ratings, expects Botswana’s GDP to contract by around 10 percent in 2020 because of the adverse impact of the COVID-19 pandemic, compounded by weaker …

De Beers Shares Jewellery Trend Predictions For Autumn/Winter 2020
De Beers Group’s fourth Diamond Insight ‘Flash’ report looks at how the pandemic is likely to influence key jewellery design trends this gifting season Diamond jewellery design trends for the …

Inmate Concerned by Violation of COVID-19 Precautions in Prison
An accused person in a robbery case, the 29 year old Oteng Mathiba of Madibana ward in Ramonaka raised concerns about poor adherence to COVID-19 precautions in prison. Mathiba told …

BluThorn Headed For Liquidation
Clients could lose around P100m Company has 26 active clients 9 matured investments worth P100m unpaid Clients’ money unpaid since December 2019 P50m untraceable KEABETSWE NEWEL The Non-Bank Financial Institutions …

Botswana’s Financial Stability at Risk
The COVID-19 pandemic and the necessary disease containment measures will continue to have an adverse effect on economic performance in the short term KEABETSWE NEWEL Experts say that If the …

COVID-19 Impacts FNBB Balance Sheet
TLOTLO KEBINAKGABO It has been a year of continued loan default by customers of First National Bank Botswana (FNBB), the behemoth bank’s audited consolidated financial statement for the year ended …

Bluthorn Faces Liquidation
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) announced that it has acted on the Statutory Manager’s recommendations and filed an application at the High Court seeking an order to liquidate …

COVID-19 Claims P270m from ABSA
KEABETSWE NEWEL Currently the second most profitable commercial bank in Botswana, ABSA might just lose that position following its announcement that up to P270 million will be wiped out of …