Business

Bots, Zim explore trade opportunities

Top government officials from Botswana and Zimbabwe as well as captains of industry from both countries this week embarked on a journey that is expected to see the countries taking advantage of trade and investment opportunities that exist between the two. Though Zimbabwe is said to be one of Botswana’s leading trade partners in the region, there has been a decline in trade between the two countries in recent years.


14th February 2018

BITC signs MoU with ZimTrade

14th February 2018

Botswana Investment and Trade Centre (BITC) has signed a memorandum of Understanding (MoU) with ZimTrade. The MoU is expected to strengthen the relationship between the two parties and the private sectors of both countries. It is also expected to facilitate collaboration and cooperation between both BITC and ZimTrade in matters of common interest. According to the BITC, the MoU will also establish a working arrangement necessary for the implementation of trade relations between public and private sector institutions and operators in sectors to be mutually agreed on with a view to expand trade and economic cooperation between the two countries. The Mou was signed this week by Acting CEO of BITC, Keletsositse Olebile and Acting CEO of ZimTrade Norman Savado.

BSE braces for listings conference

14th February 2018

Botswana Stock Exchange (BSE) has unveiled four main sponsors for this year’s Listings Conference that is scheduled for March 8. The four are; Botswana Insurance Holdings Limited (BIHL), Choppies, Monthe Marumo Attorneys and Rantao and Kewagamang Associates. Chief Executive Officer, Thapelo Tsheole said ahead of the March conference that they are working hard to raise awareness about the stock market in order to attract companies to the bourse.

Premier Clothing awarded ISO certification

14th February 2018

Botswana Bureau of Standards (BOBS) has awarded Premier Clothing (Pty) Ltd Botswana an International Organisation for Standardisation Certification (ISO 9001:2015). Premier Clothing is the leading manufacturer of Work wear, Corporate wear, uniforms and PPE in Botswana. Since its establishment in 1982, Premier Clothing has been supplying Botswana from individual level to the different sectors of the workforce including; ministries, government departments, local district councils, the military, police and mines with high quality uniforms, protective clothing and work wear.

Youngster explores photography as business

14th February 2018

Ontlametse Mokhwela of Bob Photography says photography is still a new business in Botswana that he dreams to take to the next level. He believes that though it creates opportunity for business not everyone with a camera will succeed in photography business. The 22-year-old says that photography requires so much passion. “Everyone can do photography but on the other hand, it requires different strategies and different styles to make a photographer unique, while presenting their different work,” he says.

PPADB fights corruption in procurement

14th February 2018

 Batswana have been called upon to take an active part in fighting corruption in tenders by reporting suspicious conduct. Since December 2017, PPADB has received four tip off reports trough their Tip-off Anonymous Service; all of which are under investigation; Business trends has learnt. The service that was launched last year in July has a proven track record in preventing and fighting corruption. It is currently implemented through a third party, Deloitte. In an interaction with the media on Monday, the Executive Chairperson of PPADB, Bridget John said corruption thrives on secrecy.

Mascom launches modern contact centre

14th February 2018

Mascom has launched a modern contact centre, which provides telecommunications services to local and international customers. The new company named, Direct BPO provides business process management solutions to domestic, regional and international clients across a range of sectors including telecommunications, utilities, government, finance, retail, e-commerce, travel and logistics, health care and other private sector organisation. Direct BPO offers a broad category of services, which include contact centre outsourcing, sales, and retention and back office services.

Matambo projects strong economic recovery

12th February 2018

The country’s economy will accelerate by more than five percent this year, backed by strong recovery of the mining and non-mining sectors, Finance and Economic Development minister, Kenneth Matambo told legislators on Monday. Presenting the 2018/19 budget speech, the finance minister said the country’s growth of 5.3 percent in 2018, will be boosted by global economic recovery which always works in favour of the country’s mining sector, especially diamonds. On the surface, it will seem diamonds’ recovery is being sustained since last year as evidenced by good sales.

Govt. pumps P2bn into road infrastructure

12th February 2018

Government is planning to invest up to P2 billion in the country’s road network in the upcoming financial year, finance minister, Kenneth Matambo has disclosed. He made the announcement when delivering the 2018/19 budget speech earlier in the week, emphasising that, road infrastructure, which is worth billions of Pula in total value is important for the country’s growth and economic diversification, hence the need for continuous upgrading and maintenance of road assets.

New Innovation Fund Committee to ‘hit ground

12th February 2018

The implementation of the Botswana Innovation Hub (BIH) Fund is expected to breathe life into stifled startups in the innovation sector that have over the years been challenged by lack of funding. Minister for Tertiary Education, Research, Science and Technology, Dr Alfred Madigela last week urged the newly elected Botswana Innovation Fund Committee members to hit the ground running in ensuring that they commit the first grants during the current financial year. The committee that consists of members nominated from academia, business, private and public sector include; Prof David Norris of the University of Botswana, Dr Thapelo Matsheka, Dr George Matllho of the Botswana Vaccine Institute and Oteng Sebonego of NORSAD.

Budget allocation to agric falls short

12th February 2018

A Botswana Agricultural Marketing Board (BAMB) Agronomist, Lambani Obuseng says the P1.34 billion allocated to Agriculture in the 2018/19 National Budget is not enough to support the sector. Speaking at the First National Bank (FNB) Budget Review Seminar, a day after Minister Kenneth Matambo’s Budget Speech, Obuseng said the P1.34 billion, which represents only three percent of the budget allocation is worrisome as it falls way short, if the sector is to grow to another level. In his view, Botswana has veered off the resolutions of the 2003 Maputo African Union Summit that urged African countries to commit at least 10 percent of national budget allocations to support the Agriculture sector.

Buntu taste plans for growth

12th February 2018

Young businesswoman, Botho Ramomene could not just be idle and rely on the support from her parents while she has cooking and ginger brewing skills. She produces ginger for corporate events, weddings, parties and other social occasions. In an interview with the Business Trends, Ramomene said she started producing ginger last year when she wanted to raise money to pay for her examination fees at Botho College.

Pension Funds urged to invest locally

12th February 2018

Botswana pension funds are expected to convene in Kasane on a country specific forum on Investments and Management set for March 21 to 22. The Botswana Pension Funds Investment and Management Forum themed, ‘Putting the spotlight on alternative investment for Pension Funds: Discovering key asset classes,’ is scheduled to take place at the Cresta Mowana Hotel. MNCapital Group CEO, Mike Ndinisa is of the view that in post global economic crisis environment, developing economies like Botswana need to establish alternative investment strategies that will foster development and leverage the localisation of Pension Funds Investments towards local opportunities.


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