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....

Letlole La Rona Limited (“LLR” or “the Company” or “the Group”), a diversified real estate company listed on the Botswana Stock Exchange, has reported robust revenue growth for the fiscal year ending June 30, 2024. This impressive performance is underpinned by the consolidation of its investment in JTTM (Railpark Mall), contributing significantly to the revenue surge. Group revenue surged by 69%, increasing from P102.2 million to P173.2 million, marking a P71 million rise. The primary...

The Minerals Development Company Botswana (MDCB) recently hosted a forum for stakeholders in the mining sector to reflect on the 2024 Mining Indaba. This event was themed “Embracing the Power of Positive Disruption: A Bold New Future for African Mining.” Botswana’s pavilion at the Indaba was aptly themed “Botswana: The Destination of Choice for Responsible and Sustainable Mining.” At the 2024 Mining Indaba, Botswana introduced an innovative tool named the Best Practice Investment Promotion Tunnel,...

The Botswana Stock Exchange (BSE)-listed coal miner, Minergy Limited, is poised to commence full production at its Masama Coal Mine by November 2024, aiming to recover from substantial financial losses incurred due to operational disruptions following the suspension of its mining contractor. Minergy Limited successfully resumed operations at Masama Coal Mine in February 2024. The company has announced its commitment to unveiling a long-term resource development plan for the lifespan of Masama Coal Mine, a...

Sechaba Breweries Holdings Limited subsidiaries, Kgalagadi Breweries and Coca Cola Beverages Botswana, have reported a remarkable profit-after-tax totaling P304.2 million from sales of beer, beverages, soft drinks, and purified water during the first half of 2024. Sechaba Brewery Holdings Limited holds a 49.9% stake in both Kgalagadi Breweries (Pty) Ltd (KBL) and Coca Cola Beverages (Botswana) (Pty) Ltd (CCBB). KBL specializes in the manufacturing, importation, distribution, and marketing of clear beers, alcoholic fruit beverages, and...