Starlink, SpaceX’s Low-Earth Orbit (LEO) satellite internet service, is now available in Botswana, marking an important achievement for the Southern African nation. Rebecca Slick Hunter, Starlink’s Director of Global Licensing and Market Activation, confirmed Botswana’s inclusion in the growing list of countries using Starlink’s services. Starlink License in Botswana Botswana’s decision to license Starlink follows …
The largest commercial bank in the country appears poised to experience a substantial boost in profits, as indicated by a cautious communication from the Botswana Stock Exchange (BSE), where the bank is listed. The bank has revealed that its profit before tax (PBT) for the fiscal year ending in June 2023 is projected to surpass …
Anticipated Profit Surge in the Horizon for FNBB First National Bank Botswana (FNBB) Read More »
The summits, which are organized by the Corporate Council on Africa, a trade association focused on strengthening commercial relationships between the United States and Africa, serve as the primary platforms for bringing together African heads of state, senior US and African government officials, and top African and American business executives. According to Keletsositse Olebile, CEO …
The US Africa Business Summit in Gaborone, Botswana Read More »
Botswana and De Beers have signed an agreement to continue their prosperous diamond mining partnership, addressing concerns that the relationship was deteriorating. Under the new joint mining agreement, Botswana will immediately receive a 30 percent share of the rough diamonds extracted, up from the previous 25 percent. This share will further increase to 50 percent …
The International Monetary Fund (IMF) has issued a warning about the possibility of long-term economic decline in sub-Saharan Africa if the world were to split into two isolated trading blocs centered around China and the United States and European Union. According to the IMF’s analysis, in this “severe scenario,” economies in sub-Saharan Africa could experience …
Africa countries might face permanent decline if China-West tensions rise Read More »
The government investment arm, Botswana Development Corporation (BDC), has reported a loss on the back of high expenses and underperformance from some of the subsidiaries, according to the financial statements for the year ended June 2022. The company reported a loss of P13 million compared to 2020’s profit of P35 million, though revenue was up …
The best of Business news, in your inbox.
