The escalating splintering of the global economic order is no longer confined to traditional geopolitical rivals. What began as a clash of titans, economic and political stand-offs between major powers, has now seeped into the fabric of alliances once considered stable. According to a recent report by the World Economic Forum (WEF), this trend of economic and financial fragmentation is exacting a steep toll: costing the world economy between $213 billion and $307 billion annually,...

The UK-based research firm Business Monitor International (BMI) has warned that Botswana’s banking sector is facing escalating challenges that could hinder its performance this year. BMI highlighted that the sector may also struggle to support the recovery of Botswana’s economy amid a difficult operating environment. In its recent forecast, BMI indicated that while the banking industry is expected to remain broadly stable in 2026, buoyed by strong capital buffers and low levels of non-performing loans,...

Bank Gaborone announced today that Olebile Makhupe will step down from her role as Managing Director of the Bank to pursue other strategic interests and priorities. Her resignation was acknowledged at the Board meeting held on 28 May 2026, and she will leave the Bank on 31 August 2026. Over the coming months, she will focus on the orderly handover of her responsibilities to support a smooth transition. “Since joining Bank Gaborone in February 2023,...