Business

Shumba secures new coal supply contract

Shumba Energy has penned a three year coal supply contract which shall see the company supply over 20,000 tonnes of washed coal to a regional consumer who has not been named. According to the emerging coal explorer, the coal will be supplied trough the company’s coal trading division which was established two years ago. The deal will ensure sustainable revenue for the BSE quoted company, which recently listed in the main board.


22nd November 2017

Computer engineer makes fashion accessories to survive

22nd November 2017

Five years after waiting to employed, Crafts Café founder, Boikhutso Salang transformed her hobby into a sustainable business venture. She designs and manufactures handbags, bracelets, neckpieces, peplum belts and other fashion accessories with an African print material. She started the business in 2015. In an interview with Business Trends, Salang, 31, explained that growing up, crafts and sewing were her passion but she never thought it could become her job. She has a degree in Computer Engineering and Software Development.

Furnmart buoyant about the future

22nd November 2017

Botswana’s leading furniture group is confident about the company’s future performance more especially after shutting down some of its loss-making units in the last couple of months. Towards the end of last year, the BSE listed company started a restructuring process in some of its operations. The Zambian subsidiary, which has been making losses, was the main target. The result has been the closure of all stores in the copper-rich country.

Local Universities advised to partner with businesses

22nd November 2017

Botswana universities and colleges have been challenged to forge business partnerships with local businesses. Tony Elumelu Foundation (TEF) Chief Executive Parminder Vir Obe was in Botswana last week where she urged institutions of higher learning in the country to form relationships with businesses and share knowledge of common interest. She stated that lot of big businesses and corporations sometimes stop innovating and it is the young entrepreneurs and university graduates who can see gaps in the industry and proffer solutions.

Tsena.bw: Taking digital communication to another level

22nd November 2017

While storytelling is not the only way to engage people with ideas, it’s certainly a critical part of the recipe. A notion that we all grew up with as children from different parts of Botswana and these stories will go a long way as long as we keep telling and sharing them with the world. From our achievements during the Netball World youth Cup, where we have seen all Batswana, blue, black and white coming together as one to support Dinaletsana, from the impacts of the students who died during the Matsha ordeal, to the celebrations of cities and towns that have lived for over 120 years – to sharing our historic heritage as a people, our country’s stories will always remain best told by our people to the outside world.

Botswana Post cuts losses

22nd November 2017

Botswana Post has taken a positive turnaround performance in the revenue streams despite the negative impact brought by the use of technology tools. In its year ended March 2017, the organisation has reduced its loss position by 51.9 percent to P12.9 million compared to P27.4 million recorded last year. In its 2017 annual report Botswana Post Chief Executive, Cornelius Ramatlhakwane said the parastatal have managed to expand its revenue base despite the fact that the mail business has taken a large hit during the period. Mail revenues declined by 9.1 percent as many of our large institutional clients such as commercial banks and government agencies have migrated to electronic platforms. “We at Botswana Post see this setback as temporary.

Easy Bumper causes a buzz in the city

3rd November 2017

There is a new business in the city that has got everyone talking- Easy Bumper Panel-beating and Spray. The mastermind behind it is Lerala born, Ezakiel Selaelo better known as Moruti. It’s a 24 hours breakdown service that operates from G-West Industrial but is already known across the country. The business covers; panel beating and spray painting, side skit and bumpers, smashing, pimping, repairing, moulding spoilers and bumpers lips to mention a few. It also deals with car interior as well as glazing and polishing and also provides auto mechanic services.

Shumba lists on bse main board

3rd November 2017

Shumba Energy Limited, a Botswana-based energy development company, has been approved by the Botswana Stock Exchange to migrate its listing from the Venture Capital Market Board to the Main Board of the local bourse effective 30th October 2017. Shumba is focussed on exploitation of energy fuel resources for transformation into base-load power supply and for industrial thermal energy generation.

NAP mitigates impact of BCL closure on its profits

3rd November 2017

Property investment company New African Properties is focussing on the best management practices to sustain the company’s profitability on the back of the negative effects caused by the closure of Botswana Coal Limited mine in Selibe Phikwe. Commenting on the published results for the year ended July 2017, NAP Chairman John Mynhardt and Managing Director Tobias Mynhardt said the company has exposure to Selibe Phikwe which has been impacted by the closure of BCL last year.

Liberty launches Business-in-a Box

26th October 2017

Liberty Life Botswana this week launched an exciting reveal, ‘Business-in-a Box’ which is a web enabling system used by agents to capture clients’ information to the system. Business in a Box, a ‘plug and play’ offers a complete suite of services especially useful in peri-urban areas, comprising of a laptop and other data capturing tools such as scanners for bank statements, pay slips, Identity Cards, biometric scanner and a printer amongst other components.

Bank of Botswana cuts the bank rate to 5 percent

26th October 2017

Bank of Botswana’s Monetary Policy Committee has on Tuesday this week reduced the bank rate from 5.5 percent to 5 percent. In a statement from the Committee late yesterday (Tuesday) reads, “the current state of the economy, both the domestic and external economic outlook as well as the inflation forecast, provides scope for easing monetary policy to support economic activity without undermining maintenance of inflation within the Bank’s medium-term objective range of 3 – 6 percent.”

Modernised agriculture is key to sustainable growth

26th October 2017

Botswana fully subscribes to the United Nations Aspiration No.1 of Agenda 2063, which envisages a modern and productive African agriculture that uses science, technology, innovation and indigenous knowledge.

Accounting technicians urged to further their studies

26th October 2017

Association of Accounting Technicians (AAT) graduates have been urged to study further otherwise the job market will not absorb them. Speaking during the Botswana Institute of Chartered Accountants (BICA) AAT graduation ceremony, BICA chief Executive Verily Molatedi said graduates should grab every opportunity and act on it if they have to be successful in life.


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