Category Archives: Botswana News
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:
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.
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.