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Sharp Decline in De Beers Diamond Production

Rough production down 23% to 6.9m carats in Q1 2024 Botswana decline notable at 28% to 5.0 million carats Rough sales in notable decline to a mere 4.9m carats But Anglo sees “a glimmer of hope on the horizon” GAZETTE REPORTER The world’s leading diamond company, De Beers, grappled with a significant 23 percent decrease…

BoB Holds Rates Steady at 2.4 Percent 

Notes headline inflation at 2.9% in March from 3.9% in February Waning impact of 2023 fuel prices takes the credit Projects average inflation rate of 3.2% in 2024 and 5% in 2025 MoF projects accelerated growth to 4.2% and 5.4% in 2024 and 2025 GAZETTE REPORTER At its meeting on 26 April 2024, the Monetary…

Cresta Unveils Bold Expansion Plans for 2024 

Group records 13% year-on-year revenue increase to P400 million Heightened activity in meetings and events noted as a factor 50-room Cresta Jwaneng Hotel singled out for special mention Report note proliferation of Airbnb and rooms across the country GAZETTE REPORTER With the aim of solidifying its position as the cornerstone of Botswana’s burgeoning tourism and…

KBL Records Profit Surge and Boosts Sechaba’s Overall Performance

Product mix and pricing drive PBT by 21% at KBL But PBT down 25.5% at sister company Coca Cola   GAZETTE REPORTER Kgalagadi Breweries Limited (KBL) has announced a remarkable 21 percent increase in profit after tax for the year ending 31 December 2023. As a result, majority shareholder Sechaba Holdings Limited (SBHL) saw substantial…

Standard Chartered Reports Strong Results in 2023

Acknowledges monetary and fiscal authorities for slowing inflation Records 52 percent increase in profit after tax to P307m But Non-Funded Income (NFI) 26% lower margins on forex GAZETTE REPORTER Standard Chartered Bank Botswana has revealed commendable performance for the fiscal year 2023, boasting impressive figures in income and profit before tax. Writing in the bank’s…

Letshego Optimistic About 2024 Despite Challenges 

  Aims to expand mobile lending through partnerships with mobile service providers Report underscores core deduction products and insurance for underserved customers Digital self-service to drive sales growth and collection key to 6-2-5 strategy GAZETTE REPORTER Letshego Holdings Limited is confident about overcoming the hurdles it faced in the course of 2023 and positioning itself…

Gambling Authority Receives Special Recognition at African Gaming Expo 

GAB recognised for nurturing a responsible and well-regulated gambling environment in Botswana Botswana’s burgeoning gambling industry is poised to generate 3000 jobs when fully operational   GAZETTE REPORTER    The Gambling Authority of Botswana (GAB) has received a Special Recognition Award at the recently-ended African Gaming Expo (AGE) that was held in Lagos, Nigeria.  …

Stanbic Expects 2023 Profits To Exceed P50m 

Projection translates into profit before tax of between P59m and P118m Bank makes cautionary statement to meet Section 9.8 of BSE Listing Requirements GAZETTE REPORTER  Stanbic Bank Botswana Limited has issued a cautionary announcement indicating a prospective surge of more than P50 million in profit before tax for the year ended 31 December 2023. Stanbic…

Stanbic Bank Structured Solutions and Products Engineered to Deliver Client Growth

Stanbic Bank Botswana last week welcomed key stakeholders, clients and members of the media, for an insightful morning dubbed ‘Connected Conversations – Structured Solutions’, a platform at which the Bank  presented a strong portfolio of Global Markets (GM) Forex (FX) Structured Solutions and Products, part of the Head of Corporate & Investment Banking (CIB) offering.…

Lifestyle News

Chefs Harold and Baby take Local Flavours to Cape Town 

Foodies were blown away by the duo’s plant-based dishes at the annual industry trade show “It’s the same with music,” cooed one of the two about the energy that goes into a recipe GOSEGO MOTSUMI  Cape Town, a city renowned for its culinary diversity, recently experienced a unique gastronomic treat as two exceptional chefs from…

Trio of Talents to Shine at RMB Latitudes Art Fair 

  Chukura, Motsomi and Gollifer will each bring their distinctive style and perspective to the artsy space GOSEGO MOTSUMI As the vibrant and diverse art scene in Africa continues to flourish, three exceptional Botswana-based artists are set to make their mark at the prestigious RMB Latitudes Fair in Johannesburg, South Africa from 24 to 15…

Africa as a Hub for Fashion Inspiration

The Forbes U-30 Summit gets a vivid portrayal of Africa’s creative renaissance where tradition meets modernity in a seamless fusion of style and substance and is convinced that breaking into the Oscars and the Cannes is the way to reach the wider world. Staff Writer GOSEGO MOTSUMI reports   At the Forbes Under 30 Summit…

The Legendary “Cheek To Cheek” Coming to Wagga Gardens 

This year’s “Legends in Concert” brings to Gabs the band made famous by hits like “One More Try” and “Do You Still Remember Me?” with DJ Sly for icing on the cake. Staff Writer GOSEGO MOTSUMI reports In the annals of music history, South African disco outfit, “Cheek To Cheek,” stands as towering icons, their…

Maikano Set to Serenade at Orchestra Show 

The choral group is currently in preparations for a classical concert featuring Italian writer, G. Rossini’s “Stabat Mater” GOSEGO MOTSUMI The anticipation is palpable as a local choral group, Maikano Serenaders fine-tunes its preparations for an upcoming black tie classical concert that promises to enchant audiences with the timeless beauty of Gioachino Rossini’s “Stabat Mater.”…

Ednah Rosen is Shifting the African Narrative Through Cuisine

The award-winning cookbook author and culinary enthusiast has embarked on a gastronomy tourism safari with local hospitality establishments. Staff Writer GOSEGO MOTSUMI gives a hint of the flavours   In the vibrant tapestry of gastronomy, award-winning cookbook author and culinary enthusiast Ednah Rosen emerges as a trailblazer, reshaping the narrative of local cuisine with each…

Highly Spiritual Dance “Izilo” Takes Centre Stage at Maitisong 

As the music began to play, Mantsoe’s movements transported both himself and the audience on a journey of spiritual awakening GOSEGO MOTSUMI In a dimly lit Maitisong Theatre at Maru-A-Pula School, anticipation hung heavy in the air as the audience awaited the commencement of a highly spiritual dance performance called “Izilo” by choreographer and dancer,…

Spanish Filmmaker Domingo Returns to BW

Domingo’s visit to help the youth learn more about Digital Design for free Spanish filmmaker to work with Botswana filmmakers and musicians for masterclasses in Digital Design   GAZETTE REPORTER   The Upright African Movement recently welcomed Vicente Domingo, a noted Spanish musician and filmmaker, to Botswana.   Domingo, 35, will be in the country…

Sports News

Ngele Presents Double Injury Blow for Rollers, Zebras 

  Ngele’s injury comes at the worst possible time for club and country GAZETTE REPORTER  Mogakolodi Ngele’s latest injury has presented a double blow for his league title chasing club Township Rollers and the Zebras who have a crucial double away game schedule against Uganda and Somalia in the 2026 FIFA World Cup Qualifiers in…

Zebras’ Away Venue Against Uganda Gets CAF Approval 

GAZETTE REPORTER  The Botswana senior men’s football national team, the Zebras, will face Uganda at the Mandela National Stadium (also known as Namboole Stadium) on 7 June in Kampala in a 2026 FIFA World Cup-qualifier game. Doubts about the readiness of the newly renovated stadium arose after it failed several inspections last year but it…

BAA the Biggest Winner at Botswana Sports Awards

Wing-footed sprint sensation Letsile Tebogo became Sportsman of the Year award and Sportsperson of the Year when athletics once again shone the brightest at the Night of the Stars GAZETTE REPORTER The Botswana Athletics Association (BAA) emerged as the biggest winner at the Botswana Sports Awards held at Royal Aria in Tlokweng over the weekend,…

Magosi Regain Deducted Points in BFL Ruling 

… but weekend loss to Prisons X1 brings them full circle to where they were before their points were restored to them – out of contention for a promotional playoff spot GAZETTE REPORTER  The Adjudicator of the Botswana Football League (BFL), Charles McErick has concluded the long drawn out saga between Mochudi Centre Chiefs and…

Botswana’s Finest Athletes to Shine at 43rd Annual Sports Awards this Weekend

For some, the pronouncement is merely a formality while for others the revelation will explode like a secret on Night of the Stars GAZETTE REPORTER  Botswana’s Royal Aria Convention Centre will transform into a stage of celebration this Saturday 18 May 2024 when the nation honours its brightest athletes at the 43rd Annual Sports Awards.…

ODC Sponsors African Youth Table Tennis Championship 

Forks out P250K to BTTA as host of high profile tournament ODC has sponsored Team Botswana’s preps for Paris 2024 Botswana aims to become notable host of int’l table tennis events GAZETTE REPORTER Okavango Diamond Company (ODC) has announced a groundbreaking partnership with the Botswana Table Tennis Association (BTTA). The collaboration sees ODC committing P250,000…

Semis Set in Stone: Orange FA Cup Final Four Locked In

With the losers coming within touching distance of victory last weekend, the next stage of the semis this weekend is set to be nothing short of a feisty festival of football GAZETTE REPORTER  Defending champions Gaborone United suffered defeat at the hands of Jwaneng Galaxy, losing 13-12 in a nerve-wrecking penalty shootout at Dinaledi Academy…

“Modern Infrastructure is Crucial to Perfomance in Sports” – Rakgare 

Sports minister spoke of the changing landscape of sports facilities from a privilege to a fundamental right GAZETTE REPORTER The Minister of Youth, Gender, Sport and Culture, Tumiso Rakgare, has underscored the vital role of modern, technologically equipped sports facilities. He was speaking at the completion ceremony of the second phase of the Karate Dojo…