Transport Index fuels inflation to 14.6% in August

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…

BSE list multi-jurisdictional Fixed Income ETF

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,…

BITC chief speaks on import substitution

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…

BOTESSA Rugby 7s teams in South Africa

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…

This picture doesn’t portray Sir Seretse in good light

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…

Only two people in Botswana have more than $100 million

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 denies external influence in Elephant census ahead of CITES Conference

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…

Minister Kereng reluctant to appoint BTO CEO

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…