The Botswana Unified Revenue Service (BURS) has outperformed its national revenue target while dismissing any direct connection between its financial results and wage negotiations. The agency also announced a halt to its organizational realignment, citing the current fiscal climate. Officials emphasized that boosting domestic revenue remains a cornerstone of Botswana’s economic transformation. In a statement to BusinessPost, Mable Bolele, Chief Executive Assistant to the Commissioner General, underscored that revenue performance does not influence wage outcomes....

The mophane worm, a caterpillar harvested for food and income across Southern Africa, has become the center of a fierce rush in Botswana, particularly around Tshimoyapula. Over 3,000 harvesters have swarmed communal lands and farms in an unprecedented seasonal frenzy. What should be a sustainable livelihood activity is instead morphing into a chaotic scramble with dire consequences for ecosystems, community safety, and even government revenue. This surge exposes deep fissures in policy enforcement and natural...

Botswana’s economic prospects have dimmed further as the Ministry of Finance cut its growth forecast for 2025 to a mere 0.4 percent, weighed down by sluggish global demand for diamonds and rising external pressures. The International Monetary Fund (IMF) paints a grimmer picture, predicting a contraction in the economy next year and warning of worsening fiscal and current account deficits driven by declining mineral revenues and shrinking inflows from the Southern African Customs Union (SACU)....

Botswana is escalating its campaign to remove tariffs imposed by the United States on its diamond exports and other critical commodities. The government regards the elimination of these duties as vital to restoring the nation’s competitiveness in global markets. Officials have committed to sustained negotiations until all trade barriers are fully lifted. Minerals and Energy Minister Bogolo Kenewendo emphasised that securing tariff removal remains a foremost priority, asserting that the continuation of these levies undermines...

French nuclear powerhouse Orano, backed by the state, is making a bold move to reshape the global nuclear energy landscape by turning its attention to Botswana’s mineral-rich plains. This shift aims to protect Orano’s supply chain from the political unrest rocking West Africa while tapping into a global surge in nuclear energy demand that’s pushing uranium prices to heights not seen in a decade. For years, Orano, formerly known as Areva, leaned heavily on its...

Botswana stands out as one of Africa’s most stable and well-managed economies, with its mining sector continuing to serve as a cornerstone for national development and a magnet for investor interest. The industry remains vital to the country’s economic growth, positioning Botswana as a strategic hub for both regional and international players. For South African companies specializing in mining services, engineering, and technical support, Botswana offers a natural extension due to its geographic proximity and...

Standard Chartered Botswana delivered a robust financial performance for the full year 2025, successfully navigating a challenging economic landscape while reinforcing its commitment to long-term shareholder value. The bank surpassed its Return on Tangible Equity (ROTE) target of 25%, achieving a notable 26% despite persistent market pressures. Total income for the year declined 11% year-over-year to P950.8 million. Net interest income contracted sharply by 13%, while non-funded income dipped slightly by 1%, accounting for 20.8%...