Business

Liberty Life on the age of technology

This is the age of technology. Digital communication has permeated the entire fabric of social life. Business has not been spared either. Enterprises that will remain a going concern have no choice but to adapt. Liberty Life Botswana’s 2020 Strategy is conscious of this reality.


18th October 2017

G4S resolute on growing revenue

4th October 2017

G4S Botswana remains focused on the new strategy to deliver profitable revenue growth for the company despite the tough economic conditions says Managing Director, Mokgethi Magapa. In its half year ended June 2017, the group recorded a marginal increase of 4.5 percent to P16.2 million in profits. Revenue grew by 2, 4 percent to P110.7 million driven by new business across the portfolio.

Shumba turns to low cost power production

4th October 2017

Shumba Energy Chairman Alan Glegg says they continue to focus on low cost of production to drive and sustain power production to supply the regional industrial market as the international market is heading for deficit within three to five years. Commenting on the company’s financial report, Clegg said as the Southern African Power Pool (SAPP) continues to hold a major net deficit of over 30GW and older power plants are closed down, there is a need to cover the deficit.

Mpho Masupe appointed the Stanchart CEO

4th October 2017

The Board of Standard Chartered Bank Botswana Limited (SCBB) last week appointed Mpho Masupe as the new Chief Executive Officer of Botswana effective from 1 October 2017. Masupe was the Acting Chief Executive Officer since April 2017 after the departure of former CEO Moatlhodi Lekaukau. He has been serving as Chief Financial Officer of the bank, a position he has held since March 2013.

Matambo calls for prudence

4th October 2017

The 2018/19 financial year budget points to a constrained fiscal space, which continues to characterise the domestic economy. Minister of Finance and Economic Development, Kenneth Matambo says this is mainly a result of slow growth in revenues, coupled with continued expenditure pressures due to additional budgetary requirements by various Ministries.

Liberty Life lures BDF staff members

27th September 2017

Liberty Life Botswana opened the Mobile office at the Botswana Defence Force (BDF) shopping complex to improve their business operations with the BDF Retiring Members Association (BDF RMA). Launching the office on Tuesday, Liberty Life Botswana Managing Director, Lulu Rasebotsa said they are committed to creating solutions to BDF RMA. She said the office will assist them to improve their services to the members.

BHC revenue on the decline

27th September 2017

The Botswana Housing Corporation’s total revenue for the financial year ended 31stMarch 2017 has recorded a nine percent decline. The Corporation’s total revenues reached a low of P493 million, when compared to the P539 million recorded in the prior year. According to the Corporation’s financial statement by its General Manager, Reginald Motswaiso, the decrease was mainly driven by sales revenue which decreased by a significant P43 million or 13 percent, from P326 million to P284 million.

PPC gives to Tlamelong Rehabilitation Centre

27th September 2017

PPC Botswana has invested more than P1 million towards Tlamelong Rehabilitation Centre to support its projects and promote awareness, self reliance and sense of responsibility. Speaking during the horticulture project handover on Thursday, General Manager Tuelo Botlhole said they continue to work with communities in which they operate. He said this was in accord with the country’s national Vision 2036, some of which pillars call for achieving prosperity for all through Sustainable Economic, Human and Social Development.

Motswana furniture manufacturer in Kanye aims high

27th September 2017

Kefentse Baitshoki was inspired to start his own company, Baitshoki Investments, and create employment for other youths in Kanye after working as a furniture manufacturer for four years. Baitshoki, 33, told Sun Business that he started the furniture manufacturing company because he wanted to use his skills to meet people’s needs and also create employment. The company specialises in manufacturing couches, slay beds, car seats and upholstery.

LLR readying to absorb market shocks

27th September 2017

Property investment company, Letlole La Rona continues to find investment opportunities in various property sectors in Africa to achieve competitive returns. Commenting on the published results, LLR Chief Executive Officer Paul More said LLR will target sectors and markets in the continent and this will be informed by potential revenue and capital growth to be generated. “LLR will also target acquisitions that come with tenants of competitive covenant strength on long leases, as this will not only guarantee occupation, but also real growth in income through predetermined escalations,” said More.

FNB Botswana increases footprint with new Branch in Mochudi

27th September 2017

First National Bank of Botswana recently officially opened a new branch at Pilane Mall in Mochudi. The Bank’s 23rd Branch was officiated by the Governor of Bank of Botswana, Moses Pelaelo. The Bank, which has renewed its focus on customer-centricity, is making an effort to make banking easier and more accessible to more Batswana.

Orange Botswana/Kwese TV form partnership

27th September 2017

Orange Botswana will soon deliver world-class video content to its customers across the country thanks to its partnership with recently-launched pan-African multi-platform Pay-Tv broadcast network, Kwesé TV. The telecommunications company has joined forces with Kwesé TV to provide its customers with premium entertainment and sports programming on their mobile devices. Leveraging Orange’s speedy 4G network, subscribers will soon be able to stream Kwesé’s premium programming on their connected devices through innovative data bundles, which will be available to its customers.

Minergy making strong progress on Masama project

7th September 2017

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.


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