Africa Finance Corporation expands footprint in Benin, Botswana, DRC and Somalia
Africa Finance Corporation, the continent’s leading infrastructure solutions provider, continues to expand and diversify its membership and shareholder base, recently welcoming Benin, Botswana, the Democratic Republic of Congo, and Somalia.
Letshego Botswana to provide financial support to MSEs and drive Citizen Economic Empowerment
Morupule Coal Mine signs a milestone memorandum of understanding for Letshego Botswana to provide financial support of p2.2 billion to micro and small entrepreneurs over 5 years.
[Column] Diphetogo Lefhoko: Business risks that Botswana faces in 2019
One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation.
[Column] Ricardo Flores: Botswana poised for cloud growth
Botswana is ideally poised to benefit from the opportunities that cloud computing provides with internet penetration hovering at approximately 28 percent and the number of mobile subscribers showing more than 2,000 percent growth from 2000 to 2011
[Free Webinar] Safer Entry Point: Botswana
Botswana is full of pleasant surprises and opportunities for those considering trade and investment in Africa.
Africa Business Communities will come to meet with you in London, Gaborone and Windhoek
Bas Vlugt, founder of Africa Business Communites, will be traveling to Africa coming April and May and this might be a great opportunity to meet.
Kholo Capital Mezzanine Debt Fund I achieve first close at R870m
Kholo Capital Mezzanine Debt Fund I has secured R870m in commitments for long-term mezzanine debt investment in support of growth, job creation and advancement of transformation within mid-market companies with operations in Southern Africa.
Heifer International selects ThriveAgric, DigiCow and Brastorne as winners of the 2022 AYuTe Africa Challenge
Showcasing Young Tech Talent Delivering for African Farmers, Heifer International selects ThriveAgric, DigiCow and Brastorne as winners of the 2022 AYuTe Africa Challenge
Tlou Energy announces A$3m placement for development of Lesedi Power Project in Botswana
Tlou Energy announced it has received firm commitments to raise ~£1.695 million before expenses pursuant to a placing of 87,796,135 new ordinary shares of no par value ("Ordinary Shares") at an issue price of ~£0.02 per share.
IFC, Nimble Group, and South African Lenders launch facility to help resolve distressed assets
To support businesses in debt and lenders that are managing non-performing loan (NPL) portfolios, IFC, asset manager Nimble Group, and South African financial partners launched a facility that will invest in distressed assets in six countries in sub-Saharan Africa, including South Africa.
AfDB commits $180 million to bolster post-Covid-19 economic recovery in Botswana
The Board of Directors of the African Development Bank has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery.
Orange launched its commercial 5G network in Botswana
Orange launches its commercial 5G network in Botswana, the first Orange country in Africa to launch 5G technology.
Afreximbank announcesd US$1.5 Billion financing programme to Botswana
African Export-Import Bank (Afreximbank) has announced a historic lending arrangement to Botswana, in the form of a three-year Country Programme of up to US$1.5 billion(on a net basis), with funding for up to seven years for eligible transactions.
Tlou Energy raises $1.3m for development of Lesedi Power Project in Botswana
Tlou Energy announced it has raised $1.3 million via placement, for the development of its Lesedi Power Project including construction of substations to connect to the existing electricity grid in Botswana.
IDBZ has joined forces with Norsad Capital to create new opportunities for Zimbabwean businesses.
Norsad Capital signs Memorandum of Understanding (MoU) with the Infrastructure Development Bank of Zimbabwe (IDBZ) to create new opportunities for Zimbabwean businesses.
Yellow Card has received African Crypto Licence
The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory Authority [NBFIRA].
IFC and Peo Finance Proprietary Ltd. partner to boost financial inclusion in Botswana
To expand financial inclusion and improve access to loans for low-income borrowers in Botswana, IFC and Peo Finance Proprietary Limited today announced a partnership to help Peo grow and better tailor its lending, including through a new digital system.
IFC, Peo Finance Proprietary partner to boost financial inclusion in Botswana
To expand financial inclusion and improve access to loans for low-income borrowers in Botswana, IFC and Peo Finance Proprietary, announced a partnership to help Peo grow and better tailor its lending, including through a new digital system.
MTN Cameroon launched a brand campaign profiling MTN Business
MTN Cameroon launched a brand campaign profiling MTN Business – the ICT leader in Africa, which aims to be a trusted partner to businesses in their digital evolution and ultimately achieve #BusinessDoneBetter across the continent.
Letshego Group launches affordable housing to support more citizens across its Pan-Africa footprint
Launching first in Botswana and Namibia, Letshego aims to bring structure and security to more families across its footprint with the launch of its ‘Affordable Housing’ suite of financial solutions.
Scatec signs power purchase agreement at Ceremony in Gaborone, Botswana
Scatec and the Botswana Power Corporation (BPC) have signed a binding 25-year power purchase agreement (PPA) for the construction of a solar PV facility with a contracted capacity of 50 megawatt at Selebi Phikwe.
SCG-Ré accède au marché d’Afrique australe grâce à un partenariat avec Grand Re
Société commerciale gabonaise de réassurance (SCG-Ré) et une société de réassurance du Botswana ont signé à Libreville un accord de partenariat technique et commercial.
GCF approuve un investissement de 145 millions USD de la FMO dans le CI2 du Climate Fund Manager.
Le Fonds vert pour le climat (GCF) a approuvé la proposition de FMO et de Climate Fund Managers (CFM), d'un montant de 145 millions USD, visant à accélérer les investissements du secteur privé dans des projets d'eau, d'assainissement et d'océan à faibles émissions et résilients au changement climatique, intitulée Climate Investor 2 (CI2).
GCF approves USD 145 million FMO investment in Climate Fund Manager’s Climate Investor 2 (CI2)
Green Climate Fund (GCF) has approved the joint FMO – Climate Fund Managers (CFM) USD 145mln proposal to accelerate private sector investments in low-emission and climate-resilient water, sanitation and ocean projects, entitled Climate Investor 2 (‘CI2’).
A stronger private sector could boost growth and jobs in Botswana, World Bank Group report
Botswana can transform its economy, create jobs, reduce inequality, and achieve a resilient recovery from COVID-19 by increasing private sector participation and investment in its energy, water and sanitation, tourism, and other sectors, according to a new report published today by IFC and the World Bank.
Private sector development in Southern Africa region gets boost with approval of $30 million loan from AfDB
The Board of Directors of the African Development Bank Group approved a $30 million loan to Norsad Capital Limited financing for businesses and to promote private sector development in the Southern Africa Development Community region.
Paratus Botswana brings fiber to Gaborone CBD
Botswana's capital city of Gaborone will soon have a new fiber network in its Central Business District (CBD), after three years of planning by Paratus Botswana.
Naspers Foundry leads R83 million equity round in agritech company Nile
Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced a R40 million ($2.5 million) investment in Nile, an agritech company that connects farmers to buyers of fresh produce.
Mukuru, WorldRemit partner to further expand remittance service into Southern Africa
Mukuru and WorldRemit announced a deepening of their existing partnership, with the aim to expand their collaboration for cash remittances into Zambia, South Africa, Mozambique, Malawi and Botswana.
Continental Reinsurance announces 100% ownership of its Botswana subsidiary
Pan-African reinsurer, Continental Reinsurance announced a change in the ownership structure of Continental Reinsurance Botswana, after its recent acquisition of a minority 40% stake in the company.
Kaspersky reports the anomalous decline of mobile malware in Africa in 2021
While analysing the threat landscape of African countries, Kaspersky experts saw a steady decline in attacks on mobile devices in the region, as cybercriminals consolidated their efforts to focus on more complicated, dangerous and profitable threats instead.
Le Botswana est le premier pays fortement touché par l'épidémie de VIH
Le Botswana est devenu le premier pays fortement touché à recevoir la certification de l’Organisation mondiale de la Santé (OMS) pour avoir franchi une étape importante sur la voie menant à l’élimination de la transmission mère-enfant du VIH.
UNICEF and Liquid Intelligent Technologies launch partnership to help Giga bridge the digital divide in Africa
UNICEF and Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, announced a partnership in support of Giga’s work to connect every school to the Internet and every young person to information, opportunity, and choice.
Andersen Global expands into Botswana
Bolstering the organization’s footprint in Africa, Andersen Global enters a Collaboration Agreement with tax firm AccPro Accountants in Botswana.
Intracom Telecom to upgrade Botswana government’s private network
The upgraded network will be used to support a wide range of broadband services carrying efficiently all telecommunication traffic, such as voice, video and data with full wireless and management redundancy, as well as backhauling the private TETRA network.
African Development Bank approves $137m loan for Botswana’s economic recovery
The African Development Bank has approved a $137 million loan to support Botswana’s economic recovery from the Covid-19 pandemic.
African Infrastructure Investment Managers acquires stake in West African LPG distributor
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has acquired a significant stake in Sodigaz, an LPG distributor based in Burkina Faso and Benin, through AIIM’s flagship pan-African infrastructure fund, AIIF3.
The Research Hub by african|markets goes live
The african|markets team is proud to announce the launch of the public version of the Research, an Africa-focused research distribution platform that connects investors to some of the best equity analysts covering Africa’s frontier markets.
Les enseignements tirés du déploiement des vaccins contre la COVID-19 au Botswana
En effet, 52 pays africains poursuivent le déploiement des vaccins contre la COVID-19 et plus de 73 millions de doses ont déjà été administrées sur le continent.
Caltex service stations in South Africa and Botswana to rebrand as Astron Energy
The existing network of over 850 Caltex service stations in South Africa and Botswana will be rebranded as Astron Energy in a phased manner, as part of a site refresh and upgrade initiative to be undertaken over the next few years.
Sturdee Energy signs first renewable energy PPAs with Botswana Power Corporation
Sturdee Energy, a Sub-Saharan Africa focused independent power producer (IPP), has entered into two power purchase agreements (PPAs) with the Botswana Power Corporation (BPC) for Botswana’s first two renewable energy IPP projects.
ReconAfrica completes acquisition of Renaissance
Reconnaissance Energy Africa (ReconAfrica) and Renaissance Oil Corp. (Renaissance) announced they have completed the acquisition by ReconAfrica of Renaissance by way of plan of arrangement under the Business Corporations Act.
IFC appoints Carlos Katsuya as Senior Manager for Angola, Botswana, Mozambique and Zambia
IFC has appointed Carlos A.T. Katsuya as its new Senior Manager for Angola, Botswana, Mozambique and Zambia. In this role, he will lead IFC's work across the four countries to strengthen the private sector.
Tlou Energy develops a hydrogen strategy to complement its gas-to-power project in Botswana
Tlou Energy, the company focused on delivering power in Botswana and southern Africa, announced it is developing a hydrogen strategy to complement the Company's gas-to-power project.
Piloting drones to deliver health-care products for women in Botswana
This month, Botswana became the first country in Southern Africa, and the third in Africa, to pilot drone technology for health-care delivery. The Drones for Health pilot project aims to reduce preventable maternal deaths.
Kazungula Bridge Project to expand regional integration and trade across southern Africa
The opening of the Kazungula Bridge, linking Botswana and Zambia over the Zambezi River, means travelers no longer need to rely on pontoon boats to cross at this location.
Liquid Telecom unveils new brand identity in Botswana
The rebrand reflects the organisation's extensive business transformation from being a telecommunications and digital services provider to a full one-stop-shop technology group for local businesses.
Nigeria's Access Bank to buy Atlas Mara's stake in African Banking Corporation of Botswana
Nigeria's Access Bank, Atlas Mara and ABC Holdings (ABCH), have entered into a definitive agreement regarding a proposed acquisition of 78.15% of the issued share capital of African Banking Corporation of Botswana, by Access Bank.
Tlou Energy awards tenders for transmission line and construction of Lesedi project in Botswana
Tenders have been awarded to Zismo Engineering ("Zismo"), for the construction of the overhead lines and to OptiPower for construction of substations at Lesedi and Serowe.
Tlou Energy receives environmental approval for Boomslang project in Botswana
Botswana's Department of Environmental Affairs (DEA) has approved the EIS for Tlou's Boomslang project. The Boomslang Prospecting Licence PL011/2019 is located adjacent to the Company's Lesedi power project.
Tlou Energy announces proposed placing to raise £2.6m in Botswana
Tlou Energy, the company focused on generating cleaner power in Botswana and southern Africa using gas and solar power, announced its intention to undertake an equity placement of £2.6 million.
Standard Chartered launches a digital pan-bank league competition for its customers
Standard Chartered Bank has today launched a digital pan-bank league competition offering customers across 11 markets an opportunity to accumulate points that lead to prizes.
[Botswana] SmartBots announce mobile GovApp Hackathon Challenge
SmartBots, a government initiative under the Digital Implementation Strategy has announced the 2021 Virtual Smart Hackathon Challenge for the development of the mobile Gov App.
Tlou Energy announces update on funding for development of the Lesedi power project in Botswana
Tlou Energy is focused on delivering cleaner electricity in Botswana and southern Africa using gas and solar power. The Company's first proposed development is the Lesedi Power Project in Botswana.
Tlou Energy executes pilot Power Purchase Agreement with Botswana Power Corp for Lesedi project
A pilot Power Purchase Agreement (PPA) has been fully executed between Tlou Energy and Botswana Power Corporation (BPC) for the first 2MW of power from the Lesedi project.
Liquid Telecom accelerates cross-border connectivity in Botswana
Pan-African telecoms group, Liquid Telecom, is activating 82 km of fibre in a cross-border network into Botswana, to give more people access to Liquid Telecom’s footprint of more than 73,000km of Pan African fibre.
Botswana Diamonds commences drilling on Thorny River and Marsfontein in South Africa
Botswana Diamonds announced that drilling has commenced on its Thorny River and Marsfontein project areas in South Africa.
Botswana Diamonds announces satisfaction of conditions precedent for Sekaka Diamonds acquisition
Botswana Diamonds announced that all the Conditions Precedent for the acquisition of Sekaka Diamonds have now been satisfied.
Tlou Energy seeks funding for development of Lesedi power project in Botswana
Tlou Energy is currently seeking funding for development of the Lesedi power project in Botswana.
[Botswana] Galileo Resources completes acquisition of Africibum
Exploration and development mining company Galileo announced the completion of the acquisition of 100% of Africibum and its interests in the North East Kalahari Copper Belt project in Botswana.
Botswana’s microlending sector deepens financial inclusion
Economic conditions, regulation and corporate actions have defined the state and size of Botswana financial services sector over the years according to a report by Research and Markets.
[Botswana] Food delivery startup MyFoodness rebrands and expands to Tanzania
Botswana food delivery startup MyFoodness has rebranded as Yamee and announced its entry into the Tanzanian market with a launch in Dar es Salaam.
USTDA supports coalbed methane-fueled power plant in Botswana
The U.S. Trade and Development Agency (USTDA) awarded a grant to Kalahari Energy Botswana for a feasibility study of a power plant that will generate up to 100 megawatts of electricity using indigenous coalbed methane.
[Botswana] African Development Bank supports economic diversification project through FAPA
An economic diversification project supported by the Africa Development Bank was launched in Botswana to strengthen the small stock, tourism and horticulture industries by improving businesses linkages particularly among SMEs.
Absa Group completes renaming its African subsidiaries
Absa Group Limited’s Barclays-branded subsidiaries in seven African countries - Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania and Zambia were renamed ‘Absa’, completing the name change across the continent.
Botswana deposits Tripartite FTA Ratification instruments
Botswana has deposited the instruments of Ratification for the COMESA-EAC-SADC Tripartite Free Trade Area (TFTA Agreement) bringing the number of countries that have done so to eight.
Namibia ratifies to the TFTA Agreement, more countries expected to follow suit
The Republic of Namibia has become the eighth country to ratify the Tripartite Free Trade Area (TFTA) Agreement moving the region closer to having a fully operational Agreement this year.
The UK invests over £50 million for clean energy projects across Africa
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
Uganda, Ghana, Botswana have most women business owners in the world - Mastercard Index
The third edition of the Mastercard Index of Women Entrepreneurs has listed three African countries as global leaders in terms of women-owned businesses.
South African Airways reinstates flights to six destinations in Africa
South African Airways (SAA) announces its intention to resume flights to six destinations on the African continent, namely Accra, Lagos, Lusaka, Maputo, Windhoek and Harare, with effect from Tuesday, 19 November 2019.
[Botswana] Former President inaugurated first Chancellor, Amref International University
His Excellency Mr Festus Gontebanye Mogae, third president of the Republic of Botswana has been inaugurated as the first Chancellor of Amref International University (AMIU).
South Africa, Botswana sign MoU to enhance regional harmonisation
South Africa and Botswana signed a MoU to formalise their commitment to collaborate on all standards related matters, including standards development and recognising South Africa as an inspection services provider.
South Africa concurs with the new UK agreement in the event of no deal Brexit
South Africa, along with five other countries in the Southern African region have concluded a new trade agreement with the United Kingdom (UK) that will allow business to keep trading freely after Brexit.
UK agrees to trade continuity with six African nations
The UK has initialled an Economic Partnership Agreement with the Southern African Customs Union and Mozambique (SACU+M) that will allow business to keep trading freely after Brexit.
Corteva Agriscience leads fight against fall armyworm with insect control solutions for African maize farmers
Corteva Agriscience has been introducing insect control solutions to Africa’s maize farmers to in maize in Botswana, Kenya, Namibia, Tanzania, South Africa, Zambia, and Zimbabwe.
The expanded Walvis Bay Port to net more tourists in Namibia
With its sand dunes and abundant birdlife, Walvis Bay is already an important centre of tourism activity in Namibia.
Multichoice Botswana unveils Now! TV on DSTV
MultiChoice Botswana has launched a youth-focused channel. NOW! TV is available on DStv Channel 290 which provides entertainment and local film and television content.
USTDA renews public procurement partnership with Botswana
The U.S. Trade and Development Agency (USTDA) has signed a Memorandum of Understanding (MOU) with the Republic of Botswana’s Public Procurement and Asset Disposal Board.
Qatar Airways to introduce three weekly direct flights to Gaborone Botswana
Qatar Airways will be launching its new service to Gaborone, Botswana, from October 27, 2019. It will be the airline's first destination in the African country.
Botswana lifts ban on elephant hunting
It’s one of the world’s last sanctuaries for African elephants. But now, Botswana says, its population of the animals will be fair game for hunters.
[Botswana] Andersen Global partners with Moribame Matthews law firm to grow African presence
Botswana-based law firm Moribame Matthews has entered into an agreement with Andersen Global.
AfDB extends $80 million line of credit to boost Botswana's industrialization and regional integration projects
African Development Bank Group has approved an $80 million line of credit to the Botswana Development Corporation Ltd, BDC, to help the country’s industrialization and regional integration.
[Botswana] Giyani signs $1 million convertible loan facility and marketing agreement with Traxys
Giyani Metals Corp has entered into a non-binding term sheet with Traxys Africa Trading (Pty) Ltd which sets out terms for an investment of $1 million in the form of a secured convertible loan facility.
Trade misinvoicing undermines the impact of international trade in developing nations, GFI report
A new analysis by Global Financial Integrity (GFI) indicate that Illicit Financial Flows (IFFs) due to trade misinvoicing, is a significant and persistent drag on 148 developing countries’ economies.
[Botswana] Giyani submits Environmental Management Plan for its Lobatse Manganese Project
Canadian exploration company Giyani Metals Corp has announced the completion of the environmental management plan (EMP) for its Lobatse manganese prospect in Botswana.
[Botswana] Strata-X announces Serowe CSG Project drilling
The directors and management of Strata-X Energy Ltd have announced that the company has entered into a turnkey contract for 1 firm plus one optional vertical well with Danos Drilling of Gabarone, Botswana.
Kazungula Bridge to link, open up markets in eight African countries
Scenes of traders, travelers, fishermen and women crossing the Zambezi river on floating planks, ferries, rickshaw boats, and canoes will soon come to an end.
Air Botswana upgrades fleet with modern aircraft
Botswana’s national carrier Air Botswana has acquired its first ATR 72-600.
SADC receives letters of credence from European Union Ambassador to Botswana
SADC Executive Secretary, Dr. Stergomena Lawrence Tax received letters of credence from H.E. Mr. Jan Sadek, Ambassador Extraordinary and Plenipotentiary of the Delegation of the European Union to Botswana at the SADC Secretariat Head Office in Gaborone, Botswana.
Kenya, Botswana among high ranking financial markets in ABSA index
Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index, produced by the Official Monetary and Financial Institutions Forum, and South Africa remains in top position.
Botswana Stock Exchange chief urges citizen owned businesses to list
Citizen owned companies have been urged to spread the risk of ownership among a large group of shareholders through availing shares publicly.
[Botswana] Nhabe livestock to find a market
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
OPIC, partners launch $125m facility for Botswana's polishing industry
Stanbic Bank Botswana, the Overseas Private Investment Corporation (OPIC) and Botswana Finance LLC, have signed a $125 million loan guaranty, which will encourage and support lending to diamond manufacturers and polishing companies.
East Africa economy best performing in the continent, ICAEW report
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
[Column] Digital transformation promise for Botswana businesses
Digital transformation and emerging technologies have been generating significant interest in Africa recently. Public and private sector organisations are finding the promises of job creation and economic growth difficult to ignore.
Botswana government hopeful of China beef market
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
SADC scoops first prize at the 2018 Botswana Consumer Fair
The Secretariat of the Southern African Development Community (SADC) scooped the first prize award in the Regional/International and Diplomatic Missions Category at the 2018 Botswana Consumer Fair.
[Botswana] SADC receives a letter of credence from FAO
The SADC Executive Secretary, Dr. Stergomena Lawrence Tax received a letter of credence to SADC from the Representative of Food & Agriculture Organization (FAO) to Botswana, Mr. Rene Czudekat the SADC Secretariat Head Offices in Gaborone, Botswana.
[Botswana] China writes off loans
The Embassy of the People's Republic of China has exempted the government of Botswana from payment of the three interest free loans.
ECA lauds Botswana government for growth and diversification plans
The Executive Secretary of the Economic Commission for Africa Vera Songwe has commended Botswana for being one the fastest growing economies in the SADC region at about four to five percent and for its plans for diversifying the economy.