Property market takes a knock in the absence of foreign retailers

The suspension of issuance of trading licences to foreign retailers has negatively affected the local property market leading to lower prices and revenue loss, complains Turnstar Holdings Managing Director Gulaam Abdoola. He said the issue has contributed to the vast challenges in the property market in Botswana.

11th July 2017

BTCL stock bullish into July

11th July 2017

R Botswana Telecommunications Corporation Limited last week closed the week trading 15 thebe higher for the week, a 11.8 percent climb following the release of the company’s financial results for the year ended March 2017. The company’s profits rose by P608.2 million, from a deficit of P370mn to P272.3 million for the year, after revenues grew by 8 percent to P1.6 billion.

Engen declares special dividend

11th July 2017

Engen Botswana Limited has declared a special dividend of 40.70 thebe (gross) per share for the year ended 31 December 2016. A statement from the company’s Managing Director Chimweta Monga and Chairman Dr Shabani Ndzinge has revealed.  The dividend will be payable on or about the 21st of July 2017 to those shareholders registered at close of business on the 14th of July 2017.

FNBB closes trading period

11th July 2017

First National Bank Botswana’s final financial results for the year ended 30 June 2017 are said to be in the process of being prepared and are expected to be published on or about August 2017. According to the Chief Finance Officer, Makgau Dibakwane, in compliance with the Botswana Stock Exchange rules and good corporate governance, the Company declared a closed period from 1 July 2017 ending on the date of publication of the financial results. During this period members of the Board and Staff of the Company are prohibited from dealing directly or indirectly in the listed securities of the Company in any manner. Any changes to these dates will be communicated in writing.

Choppies closes trading period

11th July 2017

The preparation of the results of Choppies group for the year ended 30 June 2017 is in progress and will continue until Thursday 21 September 2017 or thereabout when the results for the year are expected to be published. Choppies CEO, Ram Ottapathu has announced. In line with good corporate governance and in compliance with the Botswana Stock Exchange Rules, the company declared a closed period commencing with effect from 4 July 2017 and ending on the date of publication of the financials for the year ended 30 June 2017.

Aon drills farmers on business planning and insurance

11th July 2017

Aon Botswana in partnership with Thari Communications held a two-day small stock workshop this past weekend at the University of Botswana, under the title “Small stock risk and Insurance business planning workshop”. At the workshop, participants were taken through a variety of issues that can disrupt their businesses from operating and shown how having an agriculture related insurance can help them recover. Apart from risk and insurance, the farmers were also trained on how to write an effective business plan. Some of the topics covered included basic record keeping, heart water, nutrition, financial projections, marketing, breed selection, herd performance and farm structures.

Masi’s rags to riches business tale

14th June 2017

ORTER For seven years he was a Messenger/Driver for the United States Agency for International Development (USAID) in Gaborone before the regional office relocated to Pretoria, South Africa in 2009. All of a sudden, Ebrahim Mohammed Masi - now Operations Manager of his own flourishing business, Ebra’s Transportation Services & Zozo Travel and Tours – found himself thrust into the streets with no work.

Struggling poultry farmer diversifies into horticulture

14th June 2017

A poultry farmer living with disabilities in Mahalapye, Motsholoetsi Tlhaloganyo is passionate about farming and wants to diversify his business to horticulture. In an interview with Business Trends during the Youth Business Expo, Tlhaloganyo explained that he started poultry business through the Youth Development Fund in 2015.

BotswanaPost opens Malawi Corridor

14th June 2017

BotswanaPost has in its continuous efforts to diversify its product and service offerings, added Malawi to its corridors of sending and receiving money internationally.

Stanbic conference unpacks trade finance solutions

14th June 2017

Stanbic Bank Botswana hosted its inaugural Trade Conference last Friday bringing together key clients, potential clients, and stakeholders from across sectors to unpack and explore trade finance solutions.

Letlhakane Modular Tailings soon to be commissioned

19th May 2017

Debswana’s Letlhakane Modular Tailings plant is expected to be commissioned by end of second quarter 2017.

Lucara makes US$54.8million from stone tender

19th May 2017

The Canadian Lucara Diamond company, with mining operations in Botswana, has announced the results from its first exceptional stone tender (EST) of Botswana’s Karowe diamonds in 2017 and its eleventh EST since mining began in 2012.  

Local poultry abattoir ready for SADC market

19th May 2017

Serowe based Poultry Abattoir owner, Cecilia Opelokgale plans to export poultry meat as she has been able to penetrate the local market and recorded good success despite the challenges.

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