Business

Botswana Unified Revenue Services(BURS) have revealed that the Value Added Tax Act, Income Tax Act and Tax Administration Act was designed to harmonize administrative and procedural rules for Income Tax and Value Added Tax Acts, simplify existing regulatory requirements and promote voluntary compliance and enhance clarity of the law.

We are producing and sharing The Local Enterpreneur to celebrate the individual ingenuity of a myriad of innovative indigenous business leaders in challenging market conditions. They are largely unseen and unheralded. When critics say Batswana are lazy and make poor quality products and services - tell them about these local champions of economic development. Tell them about the story of Matilda Mpai of Divine Morula, who manufactures natural body products like oil lip balm as well as hand and body lotion from Morula people typically discard. Tell them about the story of Didintle Moreki, who manufacturers organic chemical free skincare products from Mowana and Moringa plants.

Botswana Oil Limited (BOL) opened its doors to the media to share it operations and new developments as seeks to increase its storage capacity for first time since the first facility was built in 1979.

The prolonged weakness in global diamond demand, heightened geopolitical tensions, evolving trade arrangements, and persistent uncertainty in the global economy have continued to weigh down on Botswana's economic performance and fiscal position.

The Bank of Botswana Monetary Policy Committee(MPC) revealed it has decided to maintain the Monetary Policy Rate at 5.5 percent with the global economy continuing to face challenges of evolving trade relations, supply chain disruptions, and geopolitical tensions.

After months of tense discussions with authorities, Oxpeckers journalist Sello Motseta finally gets to see the environmental plan for Botala Energy’s coal bed methane project near Serowe

The Botswana–European Union today unveiled the green value chain development prrogramme to help build  an economy that is not only competitive, but also resilient, sustainable, and firmly aligned with global environmental commitments.

Botswana and Angola have officially joined the World Diamond Federation Bourse(WFDB) as nation affiliated members. The WFDB represents the world’s major diamond bourses – the trading centres that are the backbone of international diamond commerce.

The Monetary Policy Committee (MPC) of the Bank of Botswana increased the Monetary Policy Rate (MoPR) by 200 basis points from 3.5 percent to 5.5 percent.

The official launch of the commercial court will have enabling court rules or legislation providing for different streamlined processes for the effective litigation of commercial cases official revealed during the launch of Commercial Courts.

Lucara Botswana which is synonymous with the largest diamond finds in the world, today unveiled one of the largest recorded blue diamond discoveries in the world at 36.92 carats.

Botswana is no rough diamond when it comes to producing one of the world’s most sought-after minerals. The Southern Africa nation was responsible for 80% of global diamond exports in 2024, according to the Observatory of Economic Complexity.

The Botswana Development Corporation(BDC) has released abridged results for 6 months ending 31 December 2025 showing P49million trade income, a nominal trade income growth year on year of 4%. It also reported credit losses of P77million.

The performance of the mineral sector has become increasingly volatile with global demand shifting and depleting fiscal buffers forcing a change in approach to finance development spending officials have revealed.