BURS’s P65.1 Billion Sea Change

Botswana’s fiscal ambitions for the 2026/27 financial year are as bold as they are necessary. The Botswana Unified Revenue Service (BURS) has been tasked with collecting a staggering P65.1 billion in tax revenue, a figure that is set to cover 70 percent of the government’s expenditure and represent 80 percent of its total revenue. This target, announced by the acting commissioner general of BURS, Phodiso Valashia at the Tax Pitso this week, underscores the critical...

Far Property results show resilience amid economic shifts

The FaR Property Company Limited, Botswana’s leading real estate investment trust, has just released its mid-year financial results for 2025, revealing a steady upward trajectory that signals both resilience and ambition in a region navigating economic headwinds and emerging opportunities. With revenue climbing 11 percent and operating profit up 8 percent compared to the previous year, FPC’s numbers underscore a robust performance amid a complex market landscape. More than just figures, these results illuminate the...

BERA issues cautious yet reassuring statement on fuel supply

The steady hum of Botswana’s engines and the flicker of its city lights all depend on a constant, reliable flow of fuel. Yet, as March 2026 unfolds, a shadow from halfway across the world looms large over the nation’s oil supply. The Botswana Energy Regulatory Authority (BERA) has issued a cautious yet reassuring message to the country: while current petroleum imports remain stable, the global geopolitical storm swirling in the Middle East threatens to unsettle...

Trump rejects UK help in Iran war

The specter of a new Middle East conflict has cast a long shadow over global diplomacy, but recent developments have turned what might have been a united front into a transatlantic rift. At the center of this storm is none other than former U.S. President Donald Trump, whose blunt rejection of British involvement in the escalating Iran war has sparked a diplomatic spat that threatens to redefine the special relationship between Washington and London. Trump’s...

Oil prices surge amid US-Iran tensions

Oil prices surged over the past week, driven by escalating tensions between the United States and Iran that have roiled the global energy markets. West Texas Intermediate (WTI) crude climbed to $67.02 per barrel, marking a weekly gain of 2.12%, while Brent crude touched $72.48, up 2.42% for the week. This spike, though not yet a dramatic surge, underscores the fragile balance of supply and demand amid a geopolitical powder keg in the Middle East....

BETP makes 2036 attainable

Botswana has a blueprint for its economic journey, propelled by the ambitious Botswana Economic Transformation Programme (BETP), which promises to turn long-held aspirations into tangible progress. Naledi Madala, Senior Policy Advisor in the Ministry of Finance, recently underscored the significance of the BETP during a CEO Africa Roundtable breakfast seminar in Phakalane, framing it as the practical engine that will drive Vision 2036 into reality. Unlike the earlier Vision 2016, which was largely aspirational, Vision...

Standard Bank Africa Trade Barometer: Infrastructure Up, Confidence Strong

The latest Standard Bank Africa Trade Barometer (ATB) paints an optimistic picture of the continent’s trade landscape in 2026. For the first time since its 2022 inception, the ATB shows simultaneous improvements across all major trade-enabling infrastructure categories, power, telecommunications, roads, rails, ports, and digital border systems, in ten key African markets that together represent 68% of Sub-Saharan Africa’s GDP. The report, which draws on firm-level surveys across Angola, Ghana, Kenya, Mozambique, Namibia, Nigeria, South...

Gaolathe proposes to raise Botswana’s public debt ceiling

The government of Botswana stands on the brink of a pivotal fiscal shift. The Stock, Bonds and Treasury Bills (Amendment) Bill, 2026, set to be presented by Minister of Finance and Vice President Ndaba Gaolathe, aims to raise the ceiling on outstanding public debt and government-guaranteed debt to 60 percent of the nation’s Gross Domestic Product (GDP). This move signals not only a recalibration of fiscal policy but also a strategic response to pressures mounting...

BoB hints accommodative Monetary Policy

Botswana’s central bank has set the stage for what could be a pivotal year in the country’s economic journey by reaffirming an accommodative monetary policy stance for 2026. In a clear signal to markets and financial institutions alike, Governor Lesego Moseki underscored the Bank of Botswana’s (BoB) commitment to supporting economic activity by generally easing interest rates, provided inflation remains within a manageable range. This policy direction comes amid a cautiously optimistic economic outlook after...

Mohwasa’s critique of BDP’s ‘reckless’ debt

Minister of State President Moeti Mohwasa’s recent outspoken critique of the previous Botswana Democratic Party (BDP) administration has thrust the issue of reckless public debt and its tangible consequences into the national spotlight. His pointed accusation that the BDP left behind a legacy of spiraling debt, particularly through the mismanagement of parastatals, has ignited fresh debate on the challenges facing Botswana’s new government under the Umbrella for Democratic Change (UDC). With over P1 billion already...