Botswana
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Botswana Telecoms Firm BTCL Posts 45% Profit Drop Amid Rising Costs
Botswana Telecommunications Corporation Limited (BTCL) reported a 45% decrease in net profit for the fiscal year ending March 31, 2026, due to escalating operational expenses and reduced demand for traditional services, despite stable revenue.
Botswana Housing Corporation Executives Challenge Dismissal in High Court
Former Botswana Housing Corporation executives have initiated legal proceedings in the High Court to contest their termination, potentially impacting government housing initiatives and BHC's operational stability.
Botswana Boosts Skills Development for Economic Diversification, Minister Commends ISBS Role
Botswana's Minister of Higher Education, Research, Science, and Technology, Dr. Douglas Lekwatshwene, lauded the International School of Business Studies (ISBS) as a critical partner in enhancing the nation's human capital. This commendation underscores the government's strategic focus on vocational training and education to drive economic diversification and reduce reliance on its dominant diamond industry.
Stargems Elevates Gaborone’s Role as Key Diamond Training Hub, Boosting Beneficiation Efforts
Stargems Group, a prominent diamond company, is advancing Gaborone's position as a significant center for specialized diamond training. This initiative aligns with Botswana's national strategy to enhance local value addition in its diamond sector, moving beyond raw material exports by fostering skilled employment and expertise within the country.
Botswana Becomes 68th Artemis Accords Signatory, Positioning for Space Economy Growth
Botswana has officially joined the Artemis Accords, becoming the 68th signatory to the NASA-led framework for peaceful and sustainable space exploration. This strategic move aims to diversify the nation's economy, foster technological advancement, and attract investment into its nascent space sector.
Botswana’s Economic Outlook: Navigating Diamond Market Shifts and Global Pressures
GABORONE - Botswana's economy faces headwinds from global diamond market shifts and the imperative to diversify, as the Bank of Botswana maintains a cautious monetary stance.
Botswana Launches P25.5 Billion Futuristic City to Spur Economic Diversification
Botswana is embarking on an ambitious project to construct a new city, dubbed the 'smart city,' valued at P25.5 billion (approximately $1.8 billion USD), aimed at diversifying its diamond-dependent economy and attracting foreign investment.
Botswana Banks Maintain Q1 2026 Profitability Amid Rising Funding Costs
Botswana's banking sector reported a net profit of P851.5 million in the first quarter of 2026, demonstrating continued resilience. However, the industry faced headwinds from escalating funding costs and growing credit risk, signaling a potentially more challenging operational landscape ahead.
Access Bank Botswana Audit Under Scrutiny, Delays Raise Investor Concerns
An ongoing audit at Access Bank Botswana is causing significant delays, prompting concerns among investors and stakeholders regarding financial transparency and operational stability. The extended review period raises questions about the bank's internal controls and reporting accuracy.
Access Bank Botswana Unveils ‘AccessMore’ Platform to Bolster Digital Financial Inclusion
Access Bank Botswana has introduced 'AccessMore,' a new digital banking platform designed to enhance financial participation and empower customers with accessible and affordable services across the nation.