Minergy making strong progress on Masama project

Botswana Stock Exchange (BSE)-listed coal mining company, Minergy Limited, yesterday (Tuesday) released its inaugural results for the year ended 30 June 2017, reporting a loss per share of 6,76 thebe. The company embarked on a capital-raising exercise in the first quarter of 2017, raising P70 million via a private placement prior to listing on the main board of the BSE in April this year. Minergy CEO, Andre Boje commented that, “A lot of work had been done and continues to be done since inception.

7th September 2017

Bliss Kids Party Décor ready to captivate market

7th September 2017

The passion for events and décor has driven Leungo Kgogwane to establish Bliss Kids Party Décor Company, which now serves as a means of income and has created employment for other young people.

BIHL’s short term insurance continues to suffer

7th September 2017

The first half of 2017 has seen a continuation of challenging market conditions for the short-term insurance at Botswana Insurance Holdings Limited (BIHL) group as it continues to experience a significant decline in new business. The Group led by Cathrine Letebele-Letegele, indicates in its recently released half year results, that in addition to the decline in new business, there has also been a rise in policy cancellations.

Letshego reports double digit growth

7th September 2017

Letshego Holdings Limited has delivered satisfactory results that have yielded good growth at half year for the period ended 30th June 2017. This has seen growth in loans and operating income with Ghana featuring first time since the 100 percent Afb Ghana acquisition in March 2017. The Group’s strategic agenda to build Africa’s leading inclusive finance group, is underpinned by embedding future capability with investment in people and systems to enhance customer experience. Financial highlights for the six months ended 30th June 2017 show total assets increase by 16 percent to P8.7billion from P7.3billion in the same reporting period in 2016.

BIH, IBM train local programmers

6th September 2017

In its drive to promote local technology innovations, Botswana Innovation Hub (BIH) in partnership with International Business Machines (IBM) trained local programmers on the new Bluemix cloud platform that allows users to create new applications. Speaking during the IBM Bluemix workshop on Monday, IBM Client Technical Advisor, Pelani Malangi said Bluemix platform integrates high performance cloud infrastructure.

Agricultural research vital for food security

16th August 2017

A consultant of the Economic Commission for Africa (ECA), Birhanu Teshome says research on agriculture can help improve the declining contribution of agriculture in most African countries and reduce the food import bill. Teshome, who is the former President for Ethiopian Statistical Association told Business Trends that, African countries need to pay more attention to the declining figures on agriculture.

Sleek Foods wins tender to supply KFC

16th August 2017

Local Company, Sleek Foods has won a tender to supply the multinational franchise, Kentucky Fried Chicken (KFC) with locally produced chakalaka salad. Launching the product on Friday, Sleek Foods Managing Director, Seleka Nkata said her company passed KFC audit in July this year and it now qualifies to supply all the KFC outlets worldwide.

PPC Botswana appoints first Motswana General Manager

16th August 2017

PPC Botswana has announced Tuelo Botlhole as the new General Manager.Botlhole who succeeds Werner Debeer, becomes the company’s first Motswana General Manager. Debeer joined Bokomo in January this year.

Sechaba volumes decline

16th August 2017

Sechaba has released interim results for the half-year ended 30 June 2017. Highlights include a 6.3 percent decline in total volumes compared to prior period. Share of results of associates declined by 22.6 percent to P52.9 million (H1 2016: P68.4 million). Profit after tax was down 13.9 percent to P47.5 million (H1 2016: P55.2 million). Earnings per share were 35.7 thebe (H1 2016: 41.5 thebe). The balance sheet grew 4.3 percent to P565.5 million (2016: P542 million). An interim dividend of 28 thebe per share was declared on 26 July 2017.

Cupcakeville, your cupcake home

16th August 2017

Gorata Chimoli’s confectionary business, Cupcakeville, started as a hobby, when she would bake cupcakes at home and then share them with neighbours. One day she was home alone and baked 12 cupcakes and only ate four of them. “I put the rest in a container and took them to give my neighbours because I was afraid my mother was going to scold me because I had had a tooth surgery at the time”.

All in One Shoe Care an inspiration for youths

14th August 2017

Kitso Tsabeng, 31, who owns a shoe care business is adamant that young people can attract money to themselves if they work hard, become bold and take risks. His company - All in One Shoe Care - is based in Bontleng. He said his services are unique as he is offering pick and drop services which is more convenient for customers around Gaborone. In a week he can get more than 70 customers.

Agriculture Statistics vital for food security

14th August 2017

Agriculture Statistics trainers have been urged to improve the quality of Agriculture Statistics indicators for food security in Africa. Addressing participants during the ongoing workshop, Statistician General Anna Majelantle said there are challenges regarding provision of quality statistics among others being challenges of expertise and skills in specific sector statistics.

Banking sector shows signs of stress

14th August 2017

Economists have expressed a worrying trend in the banking sector coupled with liquidity within the sector, arrears in bank loans which impact on the supply of loanable funds and credit risk. Dr Keith Jefferis and Sethunya Sejoe of Econsult firm expressed with concern in their 2017 second quarter review that there are increasing signs of stress in the banking system, on a number of fronts.

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