Botswana’s annual inflation quickened in August to its highest level, driven by price rises for fuel, food and miscellaneous services, official data released by Statistics Botswana shows. The Consumer Price Index (CPI) data shows that annual inflation rate was 14.6 percent in August 2022, as opposed to 14.3 percent in…
The local bourse, Botswana Stock Exchange (BSE) last week announced the listing of the African Domestic Bond Fund (“ADBF”) structured as an Exchange Traded Fund (“ETF”). According to the BSE, MCB Investment Management Co. Ltd, working in partnership with the African Development Bank (AfDB) launched the African Domestic Bond Fund,…
Botswana Investment Trade Centre (BITC) says there are opportunities for import substitution as Botswana remains a net food importer. BITC Chief Executive Officer (CEO) Keletsositse Olebile observed that imports have been generally increasing year on year and stated that trade deficits have been increasing in recent years. He stated that…
Specially elected Member of Parliament, Unity Dow’s affidavit in the case in which she is a defendant against a law suit that she cyber-bullied a Directorate of Intelligence and Security (DIS) agent comes across as more political spin than legal defence. This emerges from the plaintiff, Botho Seboko’s answering affidavit,…
Botswana Tertiary Schools Sports Associations (BOTESSA)’s bid to improve school sports is continuing to gain momentum. Fresh from their recent showing at 2022 Confederation of University and Colleges Sports Association (CUCSA) games which were held in Lilongwe, Malawi on the 29 August 2022 – 03 September 2022, BOTESSA is heading…
The Law Society of Botswana has requested President Mokgweetsi Masisi to suspend Judge Itumeleng Segopolo from duty pending a tribunal to investigate his conduct in relations to his failure to audit and hand over his trust account to Law Society of Botswana after being appointed a judge of the High…
A year before the death of Sir Seretse Khama, the founding president, Queen Elizabeth II visited Botswana and was lavished with pomp and ceremony befitting someone in her position. Two years before, the Botswana Defence Force had been established. Sir Seretse appointed Major General Mompati Merafhe its founding commander and…
A study by a global wealth intelligence firm based in South Africa says that poor Botswana has no billionaires, only two centi-millionaires, 80 multi-millionaires, 2100 millionaires and a measly US$19 billion in private hands. Compare that with South Africa (home to over twice as many millionaires as any other African…
Botswana has dismissed as unfounded reports that the ongoing regional elephant census is open to manipulation by external sponsors looking to gain an upper hand at the coming CITES CoP-19 in Panama. Media reports suggest international sponsors opposed to ivory trade may use the census as an opportunity to manipulate…
Tourism Minister Philda Kereng appears reluctant to appoint a substantive chief executive officer (CEO) of the Botswana Tourism Organization (BTO) despite a board of directors’ recommendation. The Ministry of Tourism Acting Permanent Secretary (PS) Abigail Engleton confirmed that the BTO Board made a recommendation to the Minister a few months…