Can transfer pricing stop illicit financial outflows?

GABORONE – Botswana is estimated to be losing billions of pulas every year through illicit financial flows. And this is where it gets complicated: There is little information on how these funds are lost from the country. However recent regulations passed such as the transfer pricing rules might help slow…

Government enlists austerity measures to lower deficit

Puso ga ena madi, the usual rhetoric bellowed by government officials has now turned into a reality as the government takes unprecedented actions to preserve the little that is left after rummaging the foreign reserves. While the Covid-19 pandemic his largely spared Botswana with fewer than 15,000 infections and 48…

Botswana Wrestling federation targets 2021 African Champs

Botswana Wrestling Federation (BWF) hopes to make its maiden appearance at the 2021 African Wrestling Championships. The Championships are scheduled to be hosted in Marrakech, Morocco from the 2nd until 7th February. The federation has selected two athletes for an extensive training prior to the competitions. Moagi Sharp, BWF President,…

Botswana’s Forbes finalists embark on blood donation drive

Botswana has been struggling with low blood reserves for some years with a reported 23 400 units of blood donations in the year 2020 out of the required 45 000 units that the Botswana National Blood Transfusion Service (NBTS) aims for annually.  It is in this nationwide cry by NBTS…

Demand for credit moderate in 2020 – BoB

Commercial banks and microlenders view outlook for demand for credit to be generally moderate while hire purchase stores expected it to be low in 2020. Information contained in the Bank of Botswana (BoB) household indebtedness survey report for December 2020 says on average, 25 percent of both banks and microlenders…

Tonota dairy production to create employment

The Tonota Sub-District in the Central District Council is bracing for a rejuvenated dairy production. This follows promises by the President Mokgweetsi Masisi while presenting the State of the Nation Address (SONA) that: “The government will renovate and upgrade existing milk pasteurizing centers in Tonota, Phitshane Molopo, Serowe and Sunnyside…

Local earth-friendly interior design brand hits market

GABORONE- LocalEarth-friendly interior design brand Something Sincere hits markets this week with a limited edition of Tsodilo Rock painting inspired cushion line. Founded by Design Practitioner Gofaone Mlauzi, Something Sincere uses pure cotton and organic products to create vibrant, contemporary designs for sustainable home decor. The brand has set out…

Body20 gym here to transform fitness fanatics

There’s a whole new gym in town. Body20 is the leading EMS fitness franchise with over 50 studios in southern Africa the first of its kind in Botswana. Located in Gaborone’s uptown mall, Sebele Centre, Body20 introduces an unparalleled and smarter fitness alternative to Botswana. Body20 fitness studio offers an…