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Category Archives: Botswana News
GABORONE, BOTSWANA — The effects of the closure of BCL and Tati mine in October last year are still visible, a year later as the economy of Botswana has registered negative growth in the sector, causing the economy shows it grew at a slower rate of just one percent the second quarter from 3. 9 percent the same period, Statistic Botswana has disclosed this week in their quarterly report.
GABORONE, BOTSWANA — Botswana government says it is concerned that the widening budget deficit would make authorities tighten spending supervision next year and beyond, owing largely to slow growth in revenues and higher budgetary requirements by ministries.
GABORONE, BOTSWANA – Banking jobs in Botswana, like in any other developing countries are under threat, as financial institutions embark in employing Artificial Intelligence (AI) systems to meet growing regulatory demands, it has come to light recently.
Botswana’s largest mining, industrial and power generation exhibition will be showcasing the latest products and technologies, equipment and machinery, and cutting-edge systems and services when it opens its doors in September.
Botswana: Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19
IMF Staff Concludes 2017 Article IV Visit to Botswana
- Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter.
- Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track record of sound fiscal management.
- The inflation rate remained low, close to the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent.
A team from the International Monetary Fund (IMF) led by Enrique Gelbard visited Gaborone from May 1-16 for discussions on the 2017 Article IV Consultation with Botswana. The discussions covered recent developments and prospects and focused on policies to support continued economic stability and promote inclusive growth. At the end of the visit, Mr. Gelbard issued the following statement:
Selon l’index, le Botswana se démarque par divers facteurs, dont la meilleure cote de crédit, la balance des comptes courants, la couverture de l’importation et la facilité des affaires
Tax officials from Kenya and Botswana have agreed to a landmark tax assistance project that marks the first South-South cooperation pact under the Tax Inspectors Without Borders programme.
Botswana multi-national delivers world-leading safari product across Africa
Xolani Nyali, senior associate, Competition & Regulatory Practice, Bowmans
Botswana says it will not ban the use of free Internet calling services which is slowly dominating the local market, Deputy Permanent Secretary (ICT) in the Ministry of Transport and Communications disclosed this week.
Africa trade sector has received good news – especially for manufacturers and traders in South Africa, Namibia, Mozambique, Botswana, Swaziland and Lesotho. On 14th September, 2016, the European Parliament The approved an agreement which grants access for the EU countries to receive products from the above listed countries on a duty-free basis. What this means is that, Namibia, Mozambique, Botswana, Swaziland and Lesotho have been offered duty-free access to EU markets while South Africa is also listed to have an improved market access.
A Copper and Nickel mine in Diamond rich country, Botswana, Bamangwato Concession Limited (BCL) is staggering under heavy debt of approximately P1 billion (US$100 million), sending shivers that if the entity closes down the small town of Selebe Phikwe will close down and unemployment statistics shoot up, it has come to light this week when Botswana President visited the mine.
Botswana Telecommunications Corporation Limited (BTCL) says it is planning to automate its systems and repositioning itself to cater to all customers’communications needs, the company disclosed this week.