Botswana Events365

23/08/2025

Gaborone International Music and Culture Week JAZZ FESTIVAL ON CARDS
Event Date: 6th SEPT 2025

21/08/2025

BoB MAINTAINS MONETARY POLICY RATE AT 1.9 PERCENT

>> At the meeting held on 21 August 2025, the Monetary Policy Committee (MPC) of the Bank of Botswana maintained the Monetary Policy Rate (MoPR) at 1.9 percent.

The MPC met at a time when inflation outlook has significantly changed due to the necessary exchange rate parameter adjustments exacerbated by greater-than-anticipated market price setting for both exchange rate and retail prices. In addition, the recent interest rate adjustments by banks continue to counter the accommodative monetary policy stance. In the circumstance, inflation is projected to increase in the short term, averaging 3.5 percent in 2025 and 5.9 percent in 2026, but temporarily breach the upper bound of the objective range in the second quarter of 2026.

Meanwhile, as previously indicated, in an environment where several commercial banks have concentrated funding, maintained significant part of their assets outside Botswana, as well as uneven liquidity distribution amongst banks, a macro-economy dependent on government spending has generated a liquidity squeeze. This has triggered a surge in wholesale deposit rates, as the severely affected banks bid aggressively to secure deposits/funding.

Consequently, they increased their prime lending rates, with others not similarly affected following as well. This has led to a rise in the cost of borrowing for consumers and businesses. Of concern is that this happens in an environment of an accommodative monetary policy stance, necessitated by the prevailing macroeconomic environment, notably, real gross domestic product (GDP) contraction.

FOR A DETAILED REPORT LOOK OUT FOR MORE ON MONETARY POLICY FRAMEWORK IN OUR NEXT EDITION OF MAGAZINE - AUGUST 2025 TO BE PUBLISHED SOON!!!

21/08/2025

Bank of Botswana MONETARY POLICY COMMITTEE MEDIA BRIEFING

20/08/2025

SALES & MARKETING EXECUTIVES WANTED!

OUR TEAM
JOB TITTLE: Marketing Executives (x3)
Business Insight Magazine seeks seasoned Sales and Marketing Executives to join our innovative marketing department. Successful candidates will be responsible for our marketing initiatives, fostering creativity and direct dynamic marketing projects for the publication.

AND DUTIES:
- Orchestrate effective marketing strategies and campaigns
- Increase brand awareness and market share
- Collaborate with internal teams to effectively reach marketing goals
- Monitor market trends and competitor reviews
- Manage marketing budget and optimize marketing strategies for efficiency and impact

, SKILLS AND COMPETENCIES:
- Proven Five (5) years’ experience or more as a sales and marketing executive
- Experience of working in a print publication an added advantage
- Solid knowledge of market research trends and techniques
- Thorough understanding of branding and marketing techniques
- Client relations with government entities, Parastatals and the private sector

AND PERKS:
- Business Insight Magazine offers competitive salary benefits equivalent to the market
- Performance based bonuses and commission
- Company events and appreciation days
- Employee training and empowerment on career development

TO APPLY:
Only those who meet the requirements (above) are encouraged to apply by emailing their cover letter and CVs to: [email protected]. Please include the Subject line; Application for Marketing Executive position. Only shortlisted candidates will be called for an interview.

DATE: 12th September 2025.

20/08/2025

Botswana Energy Regulatory Authority ON ISSUANCE OF PETROLEUM PRODUCTS IMPORT LICENCES

1. In terms of section 34 (1) of the Botswana Energy Regulatory Authority Act, service providers under the regulated sectors should be licensed. The regulated sectors include electricity, petroleum and gas. In terms of the petroleum sector, the activities to be licensed are provided under Section 37 of the Act and these include the following:

(i) Construction and operation of petroleum pipeline
(ii) Transporting petroleum products over a pipeline
(iii) Construction and operation of storage facilities
(iv) Construction and operation of loading or discharge facilities
(v) Construction and operation of retail service station
(vi) Manufacturing of petroleum products
(vii) Import and export of petroleum products.

2. Section 9 (2) (d) of the Act mandates the Authority to monitor performance of the regulated entities in relation to the distribution and supply of services, amongst other parameters. The Authority monitors the supply of petroleum products into the country through the analysis of import volumes received from the Botswana Unified Revenue Service (BURS) on monthly basis. Furthermore, Regulations 9 and 10 of the Botswana Energy Regulatory Authority (Petroleum Products) Regulations of 2024, compels importers to report on projected annual consumption requirements and the sourcing of petroleum products, and to submit volume reconciliations to the Authority.

3. Performance monitoring of licensed importers has revealed that only a few companies are actively involved in the importation of petroleum products despite the many import licences issued by the Authority since it started operating on 1st September 2017. The Authority has also received disturbing allegations that these dormant licences may be misused in the market.

4. Owing to the above, the Authority has decided to revoke all petroleum products import licences that have remained unused from the time they were issued. The revocation shall be done in accordance with Section 46 of the Act which requires amongst other things, that the licensee is given the opportunity by the Authority to show cause why the licence should not be revoked. To commence this process, all licensed importers of petroleum products are directed to contact the Authority to schedule for a meeting. The following officers are appointed to assist with scheduling of meetings:

Ms. Towelane Mooketsi Nkhwa; [email protected]; 5317530
Ms. Tsaone Mogomotsi; [email protected]; 5317552
Ms. Goitsemang Phillimon; [email protected]; 5317552

5. The Authority also informs the public of its decision to impose further conditions on the requirements for the issuance of an import licence. An application for an import licence must demonstrate ownership or rental of a storage facility that has been duly licensed by the Authority.

19/08/2025

Morupule Coal Mine SHOWCASES AT THE NATIONAL AGRICULTURAL SHOW 2025

18/08/2025

18/08/2025

!
BOTSWANA’S ECONOMY REVIVAL UNDER VP GAOLATHE’S WATCH!

- Govt recently launched Botswana Economic Transformation Programme (BETP) Labs

>> STAFF REPORTER

The Ministry of Finance, as the engine driving the government of Botswana’s economic development and transformation, recently collaborated with key stakeholders to foster dialogue and develop collaborative solutions to address the country’s current financial challenges in a sustainable and inclusive manner.

FOR A DETAILED READ PLEASE VISIT THIS LINK: https://drive.google.com/file/d/1btvIurOW3hugRWPNY10AYSNe3_k1WJkM/view
NEXT EDITION FOR AUGUST 2025 COMING OUT SOON!!!

17/08/2025

BOTSWANA ECONOMIC TRANSFORMATION PROGRAMME LABS - ECONOMIC COMPASS

BWgovernment
BW Presidency

17/08/2025

MARCH FOR PALESTINE IN GABORONE, BOTSWANA

Civil society groups, activists and ordinary citizens of Botswana filled the streets of Gaborone on Saturday, (16th of August 2025) on a march for the people of Palestine. The main purpose of the march is meant to raise awareness and advocacy in the fight for peace and Human rights for the people of Palestine.

17/08/2025

Jindal Energy Botswana

17/08/2025

Jindal Energy Botswana JINDAL STEEL & POWER LIMITED