The public is informed that Standard Chartered Bank Botswana Limited (Stanchart) is exploring sale of its wealth and retail banking business (that is, personal banking services). The bank will maintain its services to the corporate and investment banking clients, with a focus on the cross-border business. Stanchart, therefore, intends to identify a potential buyer for that business segment, but will ensure that personal banking customers experience no service disruption during the transition. The decision emanates...

28 November 2024 Botswana Telecommunications Corporation (BTC) is pleased to announce its unaudited interim financial results for the half-year ended 30 September 2024. These results highlight modest growth and reaffirm BTC’s unwavering commitment to delivering value to shareholders and customers. Financial Highlights Revenue: BTC recorded a revenue of BWP 722 million, reflecting a 1% year-on-year increase, driven by shifting consumer preferences towards mobility, data services, and mobile financial solutions. Profit After Tax: Profit after tax...

‘Forever Present’ campaign revives the iconic A Diamond is Forever tagline and celebrates the diamond dream De Beers Group  launched a new marketing campaign, ‘Forever Present’, to reinforce desirability for natural diamonds over the key holiday gifting season in the U.S. The campaign sees the return of the iconic ‘A Diamond is Forever’ tagline following its reintroduction to De Beers’ category marketing activities last year. Highlighting a diverse array of gifting opportunities for natural diamonds...

In a testament to its enduring growth trajectory, Botswana’s transport sector has once again underscored its pivotal role in the national economy. Recent data released by Statistics Botswana reveals that the sector contributed a remarkable P5.97 billion to the economy in 2023, up from P5.6 billion in the previous year. This impressive growth pattern has been consistent over the past decade, with contributions escalating from P2.5 billion in 2014 to nearly six billion pula today....