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‘Botswana’s Economic Recovery To Continue Into 2022 Amid Higher Prices’- IMF

Says the country’s economic growth is projected at 4.3 percent in the current year Notes that Botswana’s unemployment rate rose to 26 percent in 2021, while povertyand inequality have also increased GAZETTE REPORTER Botswana’s economic recovery from the pandemic should continue into 2022 amid higher prices and demand for diamonds, good rainfall in some parts…

Engen Records Best Financial Performance Since The Company’s Inception

GAZETTE REPORTER Engen Botswana showed its resilience from the Covid-19 Pandemic and rebounded in 2021 with its best financial performance since the inception of the company, recording a profit after tax of P260.9 million in the year that ended 31 December 2021 against P98.0 million in the previous year, this publication can reveal. “Engen Botswana…

BOB increases Monetary Policy Rate

Rate hiked by 50 basis points from 1.65% to 2.15% GAZETTE REPORTER At its meeting held recently, the Monetary Policy Committee (MPC) of the Bank of Botswana (BoB) decided to increase the Monetary Policy Rate (MoPR) by 50 basis points from 1.65 percent to 2.15 percent. “The MPC notes that the elevated inflation outlook partly…

Trade or Protect – The Dilemma of a Developing Country

If the example of Botswana was to be followed throughout the continent, it would most certainly be a matter of one step forward and two steps backwards . Trade, not Aid, was the development mantra of the 1990s and there is no doubt that for Asia it was the route out of poverty as the…

BSE To Reduce Govt shareholding Under New strategy

CEO says govt shareholding inhibits investors Last strategy achieved 91% performance score of inspite of COVID Plans to increase listed instruments to 110 Intends to increase investors to 150 000 KATLEGO RAKOLA Botswana Stock Exchange (BSE) intends to reduce government shareholding in the bourse under its new five-year strategy of 2022-2026. This is because the…

Letshego Profit up by P98m

Group achieved double digit growth in its Deduction at Source portfolio of 14% GAZETTE REPORTER Profit after tax at micro-finance firm Letshego Holdings Limited increased significantly by 16 percent (P98.7 million) from P630.8 million as at December 2020 to P729.5 million in the year that ended 31 December 2021, the company’s integrated released recently annual…

Chobe Holdings Remains Upbeat

Advanced Travel Receipts which up from P34m to P53m year-on-year Group revenue up 326% from P27.8m to P118.3m year-on-year Lifting of state of emergency, alcohol ban a factor in resurgence in bookings Removal of southern African countries from Britain’s Red List another factor GAZETTE REPORTER New forward bookings have been extremely encouraging at ecotourism outfit…

Botswana’s Financial System is Resilient to COVID-19 Shock – FSC

Macroeconomic environment remains conducive for financial stability despite sovereign vulnerabilities Ratio of non-performing loans to total loans relatively low at 4.8% in February Commercial bank credit grew by 4.6% in the year to February 2022 compared to 3.6% in corresponding period of 2021 Household debt drives bank credit at 66.4% of total credit in February.…

Canadian Outfit shows Interest In acquiring Tati Nickel Assets

GAZETTE REPORTER Premium Nickel Group (PNRG), a company with Canadian footprints, has shown interest in acquiring certain assets of Tati Nickel, the Competition and Consumer Authority (CCA) has announced. “The Competition and Consumer Authority has received a merger notification for the proposed acquisition of certain assets (Selkirk Assets) of the business of Tati Nickel Mining…

Lifestyle News

REPRESENTATION OF YOUTH, WOMEN AND PEOPLE WITH DISABILITIES IS POOR IN GOVT – REPORT

But although it is low, youth engagement and civic participation is increasing and is higher than in other African countries GOSEGO MOTSUMI While young people have a fundamental right to participate and engage meaningfully in society, the recently released Generation Unlimited Landscape Analysis report shows that women, youth and people with disabilities are poorly represented…

THE ANNUAL ADVENTURE OF THE MAKGADIKGADI EPIC IS WELL NIGH

Safari Chic Outdoor Wear in brown and fades is this year’s theme Makgadikgadi Epic has been likened to a transtemporal travel into prehistoric times GOSEGO MOTSUMI All roads will lead to one of the most scenic parts of Northern Botswana, the Makgadikgadi Salt Pans, when they become a hub of adventure sports between 1st and…

A new Female Gospel Artist Emerges

Boitshepo Tlhabiwe is set to reshape the music industry with her dynamic gift for praise and worship GOSEGO MOTSUMI With the birth of new genres, gospel artists have tapped into the hype to share their talent and pass their message. Boitshepo Tlhabiwe is one such new female artist who is set to reshape Botswana’s music…

Smoking Habit BBQ offers the real barbecue experience

Their smokers address issues of conservation because they use a limited amount of resources GOSEGO MOTSUMI Cullinary artists are constantly searching for new and better canvases on which to create more masterpieces. To that end, the locally made Smoking Habit BBQ chain smokers are revolutionising the barbecue experience. They are Batswana manufacturers of barbecue chain…

Gantsi Show to go on without Makhadzi

Organisers say they may sue “if push comes to shove” SA’s Limpopo star is simultaneously booked for UK, Canada tour Revellers, organisers await statement from Open Mic Productions GOSEGO MOTSUMI After finding themselves in a double booking saga of South African artist Makhadzi last week, organisers of the upcoming Gantsi Invasion music show say they…

GIVE DJ SKI MOLOSI HIS FLOWERS

Star-studded tribute show in the pipeline for the iconic producer Proceeds to go to legendary DJ GOSEGO MOTSUMI In recognition of his contribution of founding the house music movement in southern Africa, legendary David Molosi, better known as DJ Ski or Skizo, will be honoured at a tribute show organised by Legends of the Ol’Skool.…

FACTORIE AND TYPO STORES OFFICIALLY LAUNCHED IN BOTSWANA

In addition to trendy street-styling for men and women, the business is aboutempowering young women and girls through networking, mentoring andleadership skills. The goal is to have communities of girls who are happy, healthyand confident, writes GOSEGO MOTSUM Following the successful launch of the Cotton On Store in 2019, the Grouphas extended its footprint by…

Event Gardens seek Regulation for Sector

Form and launch new organisation BEGA currently has 57 members In an attempt to realise value from advocacy and influence in public policy and solutions, owners and managers of event gardens in Botswana have launched an organization called Botswana Events Gardens Association (BEGA) With 57 members under their belt. They met at Bon Femme Gardens…

Sports News

A BLOW FOR BOTS PAIR WITH OCK ELIMINATED FROM CONFED CUP CONTENTION

BONGANI MALUNGA Botswana’s Olympique Club Khouribga (OCK) pair Kabelo Seakanyeng and Tumisang Orebonye are about to end the season in disappointing fashion after their club failed to secure a top four spot in their first season back in the Botola Pro (Moroccan Premier League). The fourth spot in the league guarantees a place in the…

LOOMING COACHING CHANGES COULD AFFECT NGELE, DITLHOKWE

Both players had limited chances under interim coaches at their respective clubs Ditlhokwe played only three minutes of action under Arendse while Ngele had only 26 minutes of league action under his belt in 2022 BONGANI MALUNGA Major coaching changes are expected at DSTV Premiership clubs Chippa United and Supersport United before the upcoming 2022/2023…

GU emulates Mogoditshane Fighters’ FA Cup record

BONGANI MALUNGA Gaborone United’s 2022 Orange FA Cup triumph has seen the club emulate a 21-year old record that was last achieved by Mogoditshane Fighters between 1999 and 2000. Moyagoleele has now won successive FA Cup trophies to become the first team to defend the trophy since Fighters recorded that feat. GU won the 2020…

MAKWALA MAKES BIG LEAP IN DIAMOND LEAGUE RANKINGS

BONGANI MALUNGA Isaac Makwala has made a big leap in the Wanda Diamond League standings after clinching a morale boosting second spot in the 400m race in Oslo, Norway last week. Prior to the Olso performance Makwala had been struggling in the multi series competition as he had previously failed to finish higher than fifth…

FIFA Green Card for the Planet

World Environment Day is celebrated annually on 5 June and is the United Nations’ principal vehicle for encouraging awareness and action for the protection of the environment. Ahead of the FIFA World Cup Qatar 2022™, FIFA President Gianni Infantino is delivering a video message raising a “Green Card for the Planet” to highlight awareness on…

Botswana Limping Ahead of the Senior African Fencing Championships

BNSC reduced funds allocated to Fencing Society to 50 thousand Pula annually The Treasurer of the Botswana Amateur Fencing Society, Chawada Siku has bemoaned insufficient funds from the Botswana National Sports Council (BNSC) as hindrance to their success. “The grant we receive was reduced by 75 percent to 50 thousand Pula and mind you, it…

Zebras set to face Eswatini in CHAN Qualifiers

BONGANI MALUNGA The Botswana men’s senior national football team, the Zebras, are set to tussle with Eswatini in the 2023 African Nations Championship ( commonly known as CHAN) Qualifiers. The 2023 edition of the competition will take place in Algeria from 8-31 January featuring 18 teams. For now, numerous teams are vying for a place…

CAF targets women Safety and Security Officers empowerment

GAZETTE REPORTER For the last three years, the CAF Safety and Security Department has been on a drive to improve the standards of safety and security measures in African football. This week, as part of this drive, over a hundred women safety and security officers from all over the African continent were invited to attend…