Business

BIHL gets boost from associates

Botswana Insurance Holding Limited (BIHL) has announced that the share of profits of associates and joint ventures increased by 81...

Earnings from Choppies’ continuing assets subdued but profitable

• Group says discontinued operations in SA, Kenya, Tanzania and Mozambiques will aid improved financial performance

Forex gains amplify Far Property profit

• In addition to Botswana, Far Property has assets in SA and Zambia while its reporting currency is the Botswana Pula.

Cost cutting measures help Shumba Energy reduce losses...

Results for the six month ended 31 December 2020 will reflect a reduction in the loss before tax recognised as compared to the corresponding...

FSD Africa and Committee of SADC stock exchanges partner...

FSD Africa reinforces commitment to the climate agenda through partnership to develop a green bond market in the Southern Africa Development...

Minta aims high for Stanbic bank

Within just two years at the helm of Stanbic Bank Botswana, Chief Executive Officer Samuel Minta has devised a client-centric strategy...

Inflation rises marginally to 2.4%

Contributing significantly to the February annual inflation rate were; Housing, Water, Electricity, Gas & Other Fuels (1.3 percent),...

Minergy sinks further into losses

The interim period was affected by significant challenges resulting from COVID-19, short term funding constraints arising from a delay...

Letshego readies for impact as gov’t talks rightsizing

• Deduction-at-source may be impacted • CEO says group will introduce counter initiative • Non-core revenue to be ramped up to cushion...

West African giants boost Letshego’s deposit uptake

• Corporate deposits outpace retail

Stanchart, Far Property project improved financial performances

• Stanchart PBT to grow atleast 42 percent • Far Property sees 12 percent growth

Letshego anchors improved trading activity on the BSE

• Letshego accounted for 40.5 percent of total equity turnover between Jan and Feb

FNBB invests excess liquidity in securities as opportunities...

• Deposits outpace credit growth • Credit growth slacks against limited opportunities • FNBB clients in a wait-and-see mode

Letshego scraps divestment idea and focuses on geographic...

• Valuation were not satisfactory • CEO says they are doing things differently to add value to the group

Tourism and transport industries impact FNBB performance

• Non-interest revenue (NIR) and interest income both down • PBT down also

Letshego unveils ambitious targets for the next two years

• Plans on differentiating products • Targets EAC of 1 million by 2023 • Targets 70 percent digital adoption levels • ROE expected...