Botswana

Botswana

Letlole La Rona Acquires Additional Shareholding in JTTM, Takes Over Property Management Services

Letlole La Rona Limited (LLR) has announced its successful acquisition of an additional 25% shareholding in JTTM from Botswana Railways Organisation (BRO). This move has resulted in JTTM becoming a su

Oct 10, 2023
Markets
Turnstar Holdings Limited Reports Strong Growth in Rental Revenues for H1 2023

Turnstar Holdings Limited's trading statement for the half-year period ended July 31, 2023, reveals a significant increase in rental revenues and operational profitability. Despite challenges, the com

 Oct 06, 2023
Markets
Cresta Marakanelo Reports 10% Revenue Growth and Profitability in H1 2023

The leisure segment played a significant role in driving revenue growth, with hotels in popular tourist destinations contributing to the higher ADR. As a result, the group's revenue per available room

 Oct 05, 2023
Zimbabwe
Zimbabwe Operations Propel PPC's Performance

PPC Limited has reported a 3% growth in sales volumes for the five months leading up to August 31, 2023, as stated in the company's latest trading update. This positive performance was primarily drive

 Sep 22, 2023
Technology
Letshego's Digital Transformation Drives Revenue Growth and Product Diversification

Letshego's digital transformation journey has yielded impressive results, with 60% of its core customers migrating to the Digital Mall platform. This represents a remarkable 38% year-on-year increase

 Aug 28, 2023
Botswana
Letshego Holdings Limited Reports Resilient Performance Amidst Sub-Saharan Africa's Economic Recovery

Letshego's business demonstrated resilience in the face of these challenging conditions. The company's Transformation Strategy is well underway, supported by a strong balance sheet driven by a 5% incr

 Aug 28, 2023
Botswana
Lucara Diamond's Latest 1,080-Carat Discovery Boosts Botswana's Diamond Revenue Prospects

The 1,080.1 carat diamond, measuring an impressive 82.2 x 42.8 x 34.2mm, is a Type IIa top white gem of exceptional quality. Discovered in the Coarse XRT unit at Karowe, the diamond was obtained throu

 Aug 09, 2023
Botswana's Diamond Model: A Blueprint for African Countries Eyeing Gem Success

The multi-year deal between Botswana and De Beers will significantly increase the supply of precious stones to the country. As other African nations, such as Zimbabwe, explore their diamond resources,

Aug 07, 2023
Shumba Energy's Ambitious Energy Projects to Revolutionize Southern Africa's Power Deficit

With these various energy projects in the advanced stage of development, Shumba Energy is poised to have a significant impact on the energy sector in Southern Africa. As the region grapples with a gro

Aug 02, 2023
Audit Challenges Extend Star Africa's Wait

Star Africa Corporation, a sugar manufacturer, has announced a further delay in the publication of its full-year financial results. The company has revised its expected publication date from the initi

Jul 31, 2023
Lucara Diamond's Karowe Underground Expansion Project: Overcoming Challenges and Maximizing Value

The project is now expected to commence production in the first half of 2028, a year later than previously planned. Capital costs have also increased by 25% to $683 million.

Jul 19, 2023

Choppies' Kamoso Acquisition to Boost Liquor Sales, Hardware Growth and Supply Chain Efficiencies

Choppies Enterprises, the Botswana retail giant, has announced the acquisition of a 76% stake in Kamoso Africa for P2 a share of the issued ordinary shares of Kamoso Group plus taking over shareholder

Jul 12, 2023

Engen Botswana Posts Strong Financial Results for 2022

Engen Botswana, the leading petrochemical investment and property operation company in Botswana, has announced its financial results for the year ending 31 December 2022. The company recorded an impr

Jul 05, 2023

A Tale of Financial Woes: Seed Co’s FY Profit More than Halve

Agricultural concern outfit, Seed Co International Limited, a leading certified seed company involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties, recorded a sign

Jul 04, 2023

Minergy Secures Funding for Resumption of Mining Operations in Botswana

The funding will be used to repay the overdue balances to Jarcon Opencast Mining Botswana (Pty) Ltd, which will enable Minergy to continue operations in a reduced sales environment.

May 24, 2023

Lucara's Underground Challenge: Early Delays and Diamond Pricing Woes Test Expansion Vision at Karowe

According to GlobalData, Botswana is the world's second-largest producer of diamonds, with output of 24,810kct in 2022, up by 8% on 2021. Over the five years to 2021, production from Botswana decrease

May 15, 2023

BDC Records Growth in Half-Year Earnings

The Botswana Development Corporation Limited (BDC) released its unaudited results for the 6 months ending 31 December 2022, recording a 14% increase in revenue to P168 million (USD16.8 million). The s

May 15, 2023