The latest Consumer Price Index (CPI) data revealed that Botswana’s annual inflation rate climbed to 2.7% in February 2025, marking a modest increase from January’s 2.5%. This uptick was primarily driven by escalating prices in food, beverages, and miscellaneous goods and services, which encompass insurance and financial services. Significantly, the food and non-alcoholic beverages category, along with miscellaneous goods and services, were the foremost contributors to the annual inflation rate in February 2025, accounting for...

Choppies Group, the prominent grocery retailer, has experienced a notable boost in its financial performance for the half-year ending December 2024. The company reported retail sales revenue of P4.7 billion, alongside a gross profit of P965 million for the last six months of the year. Listed on both the Botswana and Johannesburg Stock Exchanges, this fast-moving consumer goods (FMCG) retailer is engaged in various sectors, including milling, manufacturing, and financial transactions. Recent financial results reveal...

In a recent comprehensive assessment, the Bank of Botswana (BoB) has provided a nuanced overview of the country’s financial ecosystem, affirming its fundamental strength despite emerging macroeconomic challenges. The central bank’s latest report offers a transparent examination of the nation’s financial infrastructure, highlighting both its robust foundations and potential vulnerabilities. Despite concerns about fiscal constraints and decelerating economic momentum, Botswana’s financial system demonstrates remarkable adaptive capacity. The banking sector’s resilience is underpinned by sophisticated regulatory...

Turnstar Holdings, a prominent property investment and development group listed on the Botswana Stock Exchange, has unveiled ambitious plans to broaden its footprint into the burgeoning markets of East Africa. The company aims to capitalize on its robust growth trajectory in Botswana and Tanzania by venturing into Rwanda and Uganda. Currently, Turnstar Holdings boasts an impressive portfolio comprising seven properties in Botswana valued at P1.4 billion, alongside four properties in Tanzania worth P1.1 billion. Additionally,...