Taxing times – Due to the financial impact of Covid-19, tax debts are expected to balloon to P5.4 billion by the end of the current financial year. (The Voice)Absa completes separation from Barclays – Absa Bank Botswana’s parent company, Absa Group Limited, announced the substantial completion of critical projects on its separation journey. (The Voice)BBS financial results due this week – Furthermore, the bank says the audit for the financial year ended December 2019 has started and an update will be issued soon. (The Voice)Stanchart appoints new Finance Chief for Africa, Mi-East – London Stock Exchange listed banking group, Standard Chartered has appointed Subhradeep Mohanty as Chief Financial Officer (CFO) of the Africa and Middle East (AME) region. (Botswana Guardian)FNBB is the most traded stock- report – First National Bank Botswana, the country’s biggest lender has once more topped peers and other listed firms to become the most traded counter at Botswana Stock Exchange during the period January to May 2020. (Botswana Guardian)AfDB appoints – The African Development Bank (AfDB) has agreed to an external review of an investigation that found no evidence of wrongdoing by its President, Akinwumi Adesina. (Botswana Guardian)P5.4bn tax debt expected from COVID-19 impact – Botswana Unified Revenues’(BURS) tax collection capabilities will be dented by the unravelling COVID-19 pandemic impacts, tax specialists have warned. (Botswana Guardian)Banks ready to lend companies money guaranteed by government – Export Credit Insurance Company Botswana (BECI) and local banks have completed negotiations to have local companies affected by COVID-19 borrow through a scheme guaranteed by both government and banks. (Botswana Guardian)Absa purses growth in key business segments – Absa Botswana one of the country’s largest commercial banks remains optimistic despite the prospect of lower economic growth and the anticipated negative impact of the COVID-19 pandemic. (Botswana Guardian)BIHL improves but misses target – Botswana Insurance Holdings Limited (BIHL) has missed its targeted performance for the past year, authorities at the company have announced. (Botswana Guardian)BancABC records a drop in profits – BancABC Botswana has recorded a five percent drop in profits after tax (PAT), despite strong growth across the bank’s income lines. (Botswana Guardian)
Taxing times – Due to the financial impact of Covid-19, tax debts are expected to balloon to P5.4 billion by the end of the current financial year. (The Voice)Absa completes separation from Barclays – Absa Bank Botswana’s parent company, Absa Group Limited, announced the substantial completion of critical projects on its separation journey. (The Voice)BBS financial results due this week – Furthermore, the bank says the audit for the financial year ended December 2019 has started and an update will be issued soon. (The Voice)Stanchart appoints new Finance Chief for Africa, Mi-East – London Stock Exchange listed banking group, Standard Chartered has appointed Subhradeep Mohanty as Chief Financial Officer (CFO) of the Africa and Middle East (AME) region. (Botswana Guardian)FNBB is the most traded stock- report – First National Bank Botswana, the country’s biggest lender has once more topped peers and other listed firms to become the most traded counter at Botswana Stock Exchange during the period January to May 2020. (Botswana Guardian)AfDB appoints – The African Development Bank (AfDB) has agreed to an external review of an investigation that found no evidence of wrongdoing by its President, Akinwumi Adesina. (Botswana Guardian)P5.4bn tax debt expected from COVID-19 impact – Botswana Unified Revenues’(BURS) tax collection capabilities will be dented by the unravelling COVID-19 pandemic impacts, tax specialists have warned. (Botswana Guardian)Banks ready to lend companies money guaranteed by government – Export Credit Insurance Company Botswana (BECI) and local banks have completed negotiations to have local companies affected by COVID-19 borrow through a scheme guaranteed by both government and banks. (Botswana Guardian)Absa purses growth in key business segments – Absa Botswana one of the country’s largest commercial banks remains optimistic despite the prospect of lower economic growth and the anticipated negative impact of the COVID-19 pandemic. (Botswana Guardian)BIHL improves but misses target – Botswana Insurance Holdings Limited (BIHL) has missed its targeted performance for the past year, authorities at the company have announced. (Botswana Guardian)BancABC records a drop in profits – BancABC Botswana has recorded a five percent drop in profits after tax (PAT), despite strong growth across the bank’s income lines. (Botswana Guardian)
