News

SADC, EU sign three new €47 million programmes 

The Secretariat of the Southern African Development Community (SADC) in conjunction with the European Union signed has signed three Development Cooperation Programmes amounting to a total of €47 Million for a period…

Choppies to move of South Africa and Mogae to step down

Botswana’s largest grocer Choppies says its chairman and former president of the country Festus Mogae will leave the group while the company also revealed its plants to move out of South Africa.…

Bryte Risk Services Botswana strengthens its operations

Bryte Risk Services Botswana (“Bryte”), the proactive personal and business risk specialist, has entered into a partnership that will result in its enhanced presence in the short term insurance space. This follows…

PepsiCo offers to acquire Pioneer Foods

PepsiCo, Inc. says it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. for R110.00 per share in cash (approximately US $1.7 billion), which represents a…

FNBB Awarded Best Bank in Botswana

First National Bank Botswana (FNBB) has been named the best Bank in Botswana at the 2019 Euromoney Awards for Excellence. This is the third consecutive win for the Bank and was announced…

Donors pledge $17 million to Africa Solidarity Trust Fund

African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent. The…

Indaba to Empower Women in Africa’s Manufacturing Sector

In a pressing endeavour to advance economic growth in developing nations, governments are harnessing strategies focused on the economic empowerment of its women. Studies reveal that when women are economically enabled, countries observe…

Demutualisation delays release of BBS’ audited results

Botswana Building Society (BBS) has delayed the release of its year end results on the back of delays that came with the demutualisation exercise. According to the mortgage bank, the results for…