UK research firm Business Monitor International has warned that Botswana's banking sector faces escalating challenges from weak macroeconomic growth, tighter monetary policy, and rising macro-fiscal risks, which could hinder performance and restrict balance sheet growth, liquidity, and profitability. The firm projects real GDP growth of 1.5 percent this year, following a 0.7 percent contraction in 2025, citing weak demand for exports and persistent uncertainty in the diamond sector.
9 June 2026 · Weekend Post →
Olebile Makhupe will step down as Managing Director of Bank Gaborone effective 31 August 2026 to pursue other interests. The Board announced the resignation on 28 May 2026, and the bank has commenced recruitment for a permanent replacement.
9 June 2026 · Weekend Post →
Westlife Insurance Botswana announced a P11 million profit for 2025 and launched a five-year strategic plan positioning the company as a digitally-enabled, customer-centric life insurer, achieved amid challenging macroeconomic conditions through disciplined cost management and prudent underwriting.
9 June 2026 · Weekend Post →
Botswana's state-owned Okavango Diamond Company has extended operations into India, holding rough diamond viewing sessions in Mumbai at the Bharat Diamond Bourse Complex. The move has raised questions about the company's presence in the Indian diamond hub and why operational details remain undisclosed.
9 June 2026 · Weekend Post →
Letlole La Rona Limited has appointed Ronil Sekgele Besele as Chief Executive Officer effective 1 June 2026. Besele brings approximately 20 years of industry experience, including over 12 years in executive leadership roles in property and real estate, with previous positions at SEZA and Deloitte.
9 June 2026 · Weekend Post →
Solar lighting company Sunlux Solar has broken ground on a P14 million warehouse and manufacturing facility in Tlokweng, expected to create about 160 jobs with 80% of positions going to women and young people. The transition into full-scale manufacturing was prompted by a 2023 government call for local businesses to invest in manufacturing.
9 June 2026 · Mmegi →
Westlife Insurance's board-approved strategy aims to establish the company as a market leader through a new vision of becoming "a resilient, trusted and customer-empowered insurer" and a commitment to building partnerships with customers, brokers, regulators and stakeholders. The plan is anchored on core values including resilience, agility, collaboration, trust, integrity, excellence and innovation.
9 June 2026 · Mmegi →
The Court of Appeal will hear an appeal on June 19, 2026, brought by First National Bank Botswana and two others challenging a High Court ruling that halted the sale of properties linked to businessman Samson Guma Moyo in an effort by FNBB to recover debts related to United Refineries Botswana Holdings. The central legal issue is whether a creditor may proceed against sureties or guarantors while the principal debtor company remains under judicial management.
9 June 2026 · Weekend Post →
CFAO Healthcare, a French healthcare conglomerate ultimately backed by Toyota Tsusho Corporation, has received unconditional approval from Botswana's Competition and Consumer Authority to acquire a 75 percent controlling interest in Medswana Proprietary Limited, a pharmaceutical wholesaler. The CCA determined the transaction is unlikely to distort competition as the two firms operate at different points in the pharmaceutical supply chain.
9 June 2026 · Weekend Post →
Botswana's corporate sector has mistaken online presence for digital transformation, according to a digital consultant, when real transformation requires solid backend infrastructure, data management aligned with the Botswana Data Protection Act, and regulatory adherence. Many companies still operate manually behind the scenes despite visible online activity.
9 June 2026 · Weekend Post →
A Business of Sport Summit scheduled for June 25–26, 2026 at Gaborone International Convention Centre aims to align sport and creative industries with government's ambition to increase their contribution to GDP. Founder Bonni Dintwa stated that while sport is a multi-billion-dollar industry globally and across Africa, Botswana has not fully unlocked the economic opportunities within the sector and that government policies are needed to attract more funding into sport.
9 June 2026 · Mmegi →
The African Development Bank is calling on African governments to expand their tax bases, enhance revenue collection systems, and strengthen fiscal governance amid rising fiscal challenges from declining aid, volatile commodity markets, and growing development financing demands.
9 June 2026 · Weekend Post →
The Albaddad Group and the Botswana Development Corporation are developing New Botswana City, a US$1.9 billion, 126-hectare project expected to generate 25,000 to 37,500 direct and indirect jobs and strengthen Botswana's economic diversification.
9 June 2026 · Daily News Botswana →
Trade and Entrepreneurship Minister Tiroeaone Ntsima said at the New Botswana City groundbreaking that the project demonstrates government commitment to economic diversification, industrialisation, export development and private sector growth, and positions Botswana as open for business and ready to compete globally.
9 June 2026 · Daily News Botswana →