DCI up 17.02 percent year-to-date
The domestic companies index (DCI) rose by 0.23 percent during the week ending November
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Monday, 2 December 2013
[Latest News] Inflation falls to 4.8 percent in October
Inflation falls to 4.8 percent in October
Headline inflation fell to 4.8 percent in October, down from 5.0 percent in September. Inflation decreased across several commodity groups, including: food and non-
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[Latest News] BoBC Auction Results (November 19)
BoBC Auction Results (November 19)
The 14-day BoBC yield dropped to 3.13 percent from 3.15 for a paper maturing on December 4, 2013. The results of the auction held on November 19, ar
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[Latest News] DCI up 17.52 percent year-to-date
DCI up 17.52 percent year-to-date
The domestic companies index (DCI) rose by 0.43 percent during the week ending November 22, closing at 8 825.74 points from 8 788.19 points the previous week. For the y
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[Latest News] BoBC Auction Results (November 26)
BoBC Auction Results (November 26)
The 14-day BoBC yield dropped to 3.11 percent from 3.13 for a paper maturing on December 11, 2013. The results of the auction held on November 26, are summarised below.
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[Latest News] Moodys retains investment grade ratings for Botswana
Moodys retains investment grade ratings for Botswana
In its 2013 review of Botswana, Moody’s Investors Services retained the A2 investment grade sovereign credit rating and stable outlook. This is based on the healt
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Sunday, 1 December 2013
Friday, 2 August 2013
Massmart Opens Second Builders Warehouse In Botswana
In line with its African expansion strategy, Massmart Holdings Ltd. (MSM) - a food and general goods retailer controlled by Wal-Mart Stores Inc., has opened its second Builders Warehouse store in Somerset West, Francistown, Botswana
Earlier this year, Massmart CEO, Grant Pattison had announced that the retailer will continue to expand its store network in sub-Saharan Africa with the opening of 27 stores before the end of 2013, including a Makro in Amanzimtoti, Durban, and a Builders Warehouse store in Botswana and Mozambique.
Following the announcement of the new 5,150m Builders Warehouse on Monday, Pattison said the group which has 381 stores in sub-Saharan Africa, had several new sites approved in its existing African markets.
"We are also focusing on East and West Africa, where we are already in the planning stages of implementing our discount food retail strategy," he said.
Earlier this year, Massmart CEO, Grant Pattison had announced that the retailer will continue to expand its store network in sub-Saharan Africa with the opening of 27 stores before the end of 2013, including a Makro in Amanzimtoti, Durban, and a Builders Warehouse store in Botswana and Mozambique.
Following the announcement of the new 5,150m Builders Warehouse on Monday, Pattison said the group which has 381 stores in sub-Saharan Africa, had several new sites approved in its existing African markets.
"We are also focusing on East and West Africa, where we are already in the planning stages of implementing our discount food retail strategy," he said.
Wednesday, 8 May 2013
Botswana calls for IPPs to add 600 MW
7 May 2013 - The government of Botswana has issued a call for Independent Power Producers (IPPs) to submit expressions of interest, as the country plans to add a further 600 MW to its electricity generation capacity
Half of this future 600 MW is to come through the addition of a further two units to the four unit 600 MW Morupule B power station, which is still being completed. The other 300 MW is for an open ended greenfields development anywhere in Botswana. Though Botswana has significant coal resources, and it makes this option an obvious choice, the greenfields 300 MW baseload power station theoretically could be supplied from other energy sources.
The Botswana government says factors such as technical and financial capability, work experience and qualification of top personnel and proposed capital and operating costs, will be key in deciding the winners of the two 300 MW tenders.
Half of this future 600 MW is to come through the addition of a further two units to the four unit 600 MW Morupule B power station, which is still being completed. The other 300 MW is for an open ended greenfields development anywhere in Botswana. Though Botswana has significant coal resources, and it makes this option an obvious choice, the greenfields 300 MW baseload power station theoretically could be supplied from other energy sources.
The Botswana government says factors such as technical and financial capability, work experience and qualification of top personnel and proposed capital and operating costs, will be key in deciding the winners of the two 300 MW tenders.
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