Economy to bounce back next year - BoB - Botswana’s economy is set to recover in 2021, after contracting this year due to the negative impact of Covid 19. (Botswana Guardian)Bonds firm on budget speech but steep yield curve remains worried - Longer-dated bonds will likely continue to underperform as investors try to work out how the government will fund its larger borrowing requirements. (Botswana Guardian)BancABC, Sechaba AGMs to be held virtually - BancABC Botswana has announced that due to the COVID19 pandemic, and related governmental orders recommending extreme social distancing, the bank shall proceed to host a virtual annual general meeting as provided in our published AGM Notice and Agenda. (Botswana Guardian)Absa seeks to increase number of directors - Absa Bank Botswana is seeking to extend the maximum number of directors from 9 to 12. (Botswana Guardian)Inflation to fall within range in 2021 - Bank of Botswana’s Monetary Policy Committee expects inflation to revert to within the objective range in the third quarter of 2021. (Botswana Guardian)Tourism to get lion’s share of Govt.’s P20bn economic bailout - The country’s second revenue earner after diamonds, tourism sector, could be headed for major bailout post COVID-19 pandemic should government approve proposals in the draft Economic Recovery and Transformation Plan (ERTP). (Botswana Guardian)Business Botswana applauds Stability Fund - Beginning this week Tuesday local companies feeling the wrath of COVID-19 can borrow up to P25 million from banks through schemes guaranteed by government and banks. (Botswana Guardian)Inside Govt.’s economic recovery plan - Botswana will need a whopping P2billion to fund an economic and transformation plan in the next two and a half years to come out from the COVID-19 pandemic less damaged than it is now. (Botswana Guardian)BoB luges government to change policies - Central bank governor has pleaded with government to fast track policy changes for the local economy to realise key drivers of economic and welfare prospects. (Botswana Guardian)BBS upbeat on banking license approval - Botswana Building Society Limited (BBSL) Managing Director, Puis Molefe said the bank will operate as a commercial bank in the second quarter next year as they will submit the banking license after finalising the audit for the period ended December 2019. (Botswana Guardian)Absa-lutely broke - A dream of owning a beautiful modern house has slowly frittered away for Letloreng Headman, Lekang Koboto. (The Voice)A P16 billion lockdown - Enforced to combat the spread of COVID-19 and ultimately save lives, the recent 49-day lockdown is believed to have cost the local economy around P16 billion. (The Voice)Choppies financials expected end of July - Choppies Enterprise Limited has told shareholders that work relating to the preparations of the outstanding company financial statements is still in progress. (The Voice)BBS to reapply for its banking license in the fourth quarter - BBS Limited says it will resubmit its banking license in the last quarter of 2020 according to its Chairperson, Pelani Siwawa-Ndai. (The Voice)P1 billion Covid-19 loan guarantee scheme starts - Botswana Export Credit Insurance (BECI) has announced that the operationalisation of the Covid-19 loan guarantee scheme has finalised. (The Voice)
Economy to bounce back next year - BoB - Botswana’s economy is set to recover in 2021, after contracting this year due to the negative impact of Covid 19. (Botswana Guardian)Bonds firm on budget speech but steep yield curve remains worried - Longer-dated bonds will likely continue to underperform as investors try to work out how the government will fund its larger borrowing requirements. (Botswana Guardian)BancABC, Sechaba AGMs to be held virtually - BancABC Botswana has announced that due to the COVID19 pandemic, and related governmental orders recommending extreme social distancing, the bank shall proceed to host a virtual annual general meeting as provided in our published AGM Notice and Agenda. (Botswana Guardian)Absa seeks to increase number of directors - Absa Bank Botswana is seeking to extend the maximum number of directors from 9 to 12. (Botswana Guardian)Inflation to fall within range in 2021 - Bank of Botswana’s Monetary Policy Committee expects inflation to revert to within the objective range in the third quarter of 2021. (Botswana Guardian)Tourism to get lion’s share of Govt.’s P20bn economic bailout - The country’s second revenue earner after diamonds, tourism sector, could be headed for major bailout post COVID-19 pandemic should government approve proposals in the draft Economic Recovery and Transformation Plan (ERTP). (Botswana Guardian)Business Botswana applauds Stability Fund - Beginning this week Tuesday local companies feeling the wrath of COVID-19 can borrow up to P25 million from banks through schemes guaranteed by government and banks. (Botswana Guardian)Inside Govt.’s economic recovery plan - Botswana will need a whopping P2billion to fund an economic and transformation plan in the next two and a half years to come out from the COVID-19 pandemic less damaged than it is now. (Botswana Guardian)BoB luges government to change policies - Central bank governor has pleaded with government to fast track policy changes for the local economy to realise key drivers of economic and welfare prospects. (Botswana Guardian)BBS upbeat on banking license approval - Botswana Building Society Limited (BBSL) Managing Director, Puis Molefe said the bank will operate as a commercial bank in the second quarter next year as they will submit the banking license after finalising the audit for the period ended December 2019. (Botswana Guardian)Absa-lutely broke - A dream of owning a beautiful modern house has slowly frittered away for Letloreng Headman, Lekang Koboto. (The Voice)A P16 billion lockdown - Enforced to combat the spread of COVID-19 and ultimately save lives, the recent 49-day lockdown is believed to have cost the local economy around P16 billion. (The Voice)Choppies financials expected end of July - Choppies Enterprise Limited has told shareholders that work relating to the preparations of the outstanding company financial statements is still in progress. (The Voice)BBS to reapply for its banking license in the fourth quarter - BBS Limited says it will resubmit its banking license in the last quarter of 2020 according to its Chairperson, Pelani Siwawa-Ndai. (The Voice)P1 billion Covid-19 loan guarantee scheme starts - Botswana Export Credit Insurance (BECI) has announced that the operationalisation of the Covid-19 loan guarantee scheme has finalised. (The Voice)
