The Business Weekly & Review

The Business Weekly & Review A Botswana based business, economic and financial investigations weekly newspaper. On Friday 30th May a new newspaper will hit the news-stand.
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THE BUSINESS WEEKLY & REVIEW โ€“A REFINED READ

A business, economic and financial weekly newspaper. The newspaper named The Business Weekly &Review, is a business, economic and financial publication targeting the business executive, entrepreneur as well as a reader with interest in in-depth reporting of major economic, financial and political issues. With a design by one of Botswanaโ€™s foremost des

ign teamsDemographix and contributing photography by award-winning photographer MunirulBhuiyan, the newspaper will feature experts from all major sectors such as Financial Markets, The Mining Industry, Real Estate and Intellectual Property and regional trade. It furthermore will feature analysis and columns by some of Botswanaโ€™s most recognised names. Niche publications such as the entrepreneurship-focused Wealth magazine and architecture/real estate BOIDUS newspaper continue to offer specific readers a consistent product. The reader is spoilt for choice and as a result the reader is becoming more demanding and specific about what he/she wants. Therefore unlike what popular logic would dictate, there has never been a better time to enter a market. The Botswana market offers not just more competition but, for the benefit of the reader, better products and diversified media products. Therefore we at The Business Weekly &Review come into this market to provide a platform for the business community and the serious reader interested in an in-depth treatment of, economic and business, as well as all major stories with implications for the policy direction and governance of the country. The Business Weekly & Review is yet another welcome addition to a vibrant and quality media market in our industry. We will provide quality reading for the discerning reader every Friday morning. The Business Weekly & Review โ€“ A Refined Read

๐–๐ก๐จ ๐ˆ๐ฌ ๐€๐ฅ๐๐š๐๐๐š๐? ๐“๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ ๐๐ž๐ก๐ข๐ง๐ ๐๐จ๐ญ๐ฌ๐ฐ๐š๐ง๐šโ€™๐ฌ ๐๐ž๐ฐ ๐‚๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญUAE-based AlBaddad Group, the lead investor and d...
05/06/2026

๐–๐ก๐จ ๐ˆ๐ฌ ๐€๐ฅ๐๐š๐๐๐š๐? ๐“๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ ๐๐ž๐ก๐ข๐ง๐ ๐๐จ๐ญ๐ฌ๐ฐ๐š๐ง๐šโ€™๐ฌ ๐๐ž๐ฐ ๐‚๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ

UAE-based AlBaddad Group, the lead investor and development partner in Botswanaโ€™s US$1.9 billion New Botswana City project, is a globally recognised infrastructure and modular construction company with more than five decades of experience. Founded in 1971, the company has delivered large-scale developments across the Middle East, Africa and other international markets.

According to Botswana Development Corporation (BDC) Managing Director Oteng Keabetswe, AlBaddad is renowned for its expertise in infrastructure development, modular construction and large-scale exhibition and convention facilities. The company has held Guinness World Records since 2016 and counts the Government of Dubai, DAMAC and the United Nations among its clients.

Keabetswe said AlBaddadโ€™s track record in delivering high-impact developments, coupled with its focus on sustainability and innovation, made it an ideal partner for Botswanaโ€™s ambitious New Botswana City project. He noted that one of the companyโ€™s flagship developments in Riyadh achieved its projected financial returns far ahead of schedule, demonstrating its ability to create value through world-class infrastructure projects.

The company has manufacturing capacity exceeding 33,000 tonnes of steel structures and more than 300,000 square metres of modular buildings annually, with projects spanning multiple countries worldwide. Botswana now joins AlBaddadโ€™s growing international footprint through the landmark Airport City development.


๐‹๐จ๐ซ๐จ๐ฅ๐ฐ๐š๐ง๐š ๐๐ซ๐ข๐ฆ๐š๐ซ๐ฒ ๐‘๐ž๐œ๐ž๐ข๐ฏ๐ž๐ฌ ๐Ÿ,๐ŸŽ๐ŸŽ๐ŸŽ-๐๐จ๐จ๐ค ๐ƒ๐จ๐ง๐š๐ญ๐ข๐จ๐งLorolwana Primary School yesterday received a donation of 1,000 books thro...
05/06/2026

๐‹๐จ๐ซ๐จ๐ฅ๐ฐ๐š๐ง๐š ๐๐ซ๐ข๐ฆ๐š๐ซ๐ฒ ๐‘๐ž๐œ๐ž๐ข๐ฏ๐ž๐ฌ ๐Ÿ,๐ŸŽ๐ŸŽ๐ŸŽ-๐๐จ๐จ๐ค ๐ƒ๐จ๐ง๐š๐ญ๐ข๐จ๐ง

Lorolwana Primary School yesterday received a donation of 1,000 books through a partnership between Brainpower Trust and the AGA Isago Development and Empowerment Foundation, aimed at strengthening literacy among learners.

Brand Ambassador Ame Motubudi encouraged pupils to embrace reading as a gateway to knowledge, opportunity, and personal growth.

In her vote of thanks, Deputy Principal Mrs Matlho highlighted the importance of reading in shaping learnersโ€™ futures and expressed gratitude for the donation. She also extended special thanks to President Advocate Duma Boko for his support of the initiative.

Westlife Insurance Botswana has announced the Board approval and launch of its 5 year strategic Plan, positioning the co...
05/06/2026

Westlife Insurance Botswana has announced the Board approval and launch of its 5 year strategic Plan, positioning the company as a diversified, digitally-enabled and customer-centric life insurer. The 2025 audited Annual Financial Statements reflect a profit of P11 million. Further demonstrating the financial resilience needed to sustain and fund the strategy ahead. This result was achieved against a challenging macroeconomic backdrop of contracting GDP, reduced consumer spending and increased policy lapse risks, and is a direct outcome of disciplined cost management, prudent underwriting and focused leadership.

Westlife's 2025 financial results have been prepared under IFRS 17, completing a full transition from IFRS 4 in compliance with BAOA requirements. This reinforces the company's standing as a credible, transparent and governance compliant institution.

FOR A DETAILED READ, VISIT: https://businessweekly.co.bw/companies-markets/westlife-insurance-botswana-reports-p11-million-profit-and-launches-five-year-strategy


The Income Tax Bill No. 36 of 2025 which was gazetted on the 15th of December 2025 will, on commencement, introduce a ne...
05/06/2026

The Income Tax Bill No. 36 of 2025 which was gazetted on the 15th of December 2025 will, on commencement, introduce a new Withholding Tax (WHT) on what it calls natural resource amount. The said Bill was passed by Parliament in the week ending 18 April 2026 and it is expected to commence as from the 1st of July 2026. Currently, the country does not have a withholding tax on natural resources amount. In this article, words importing the masculine shall be deemed to include the feminine.

The New Tax

The tax to be introduced by the new law will basically be referred to as Withholding Tax on natural resource amount. According to the Act, these are amounts which are payable or paid to a non-resident person in respect of the rights to exploit natural resources (whether living or non-living) which are based in Botswana. Withholding taxes are a form of taxation where income is taxed at source before payments are made to a payee. As an example, if a company is making a payment of P 1 000 000 to a non-resident of Botswana and it has to deduct WHT at 15 percent, it will then deduct P150 000 from the payment and remit the balance, being the P 850z 000, to the payee. Going back to the WHT under discussion, the tax rate shall be 15 percent and it will only apply in instances where payments are made to a non-resident of Botswana.

FOR A DETAILED READ, VISIT: https://businessweekly.co.bw/columns/tax-your-pockets/enter-the-new-withholding-tax-on-natural-resources-amount


Westlife Botswana reports P11 million profit, launches five-year growth strategy.
05/06/2026

Westlife Botswana reports P11 million profit, launches five-year growth strategy.

๐๐จ๐ค๐จ ๐๐ซ๐ž๐š๐ค๐ฌ ๐†๐ซ๐จ๐ฎ๐ง๐ ๐จ๐ง ๐๐จ๐ญ๐ฌ๐ฐ๐š๐ง๐š ๐–๐จ๐ซ๐ฅ๐ ๐“๐ซ๐š๐๐ž ๐‚๐ž๐ง๐ญ๐ซ๐žPresident Advocate Duma Gideon Boko today officially launched and broke...
05/06/2026

๐๐จ๐ค๐จ ๐๐ซ๐ž๐š๐ค๐ฌ ๐†๐ซ๐จ๐ฎ๐ง๐ ๐จ๐ง ๐๐จ๐ญ๐ฌ๐ฐ๐š๐ง๐š ๐–๐จ๐ซ๐ฅ๐ ๐“๐ซ๐š๐๐ž ๐‚๐ž๐ง๐ญ๐ซ๐ž

President Advocate Duma Gideon Boko today officially launched and broke ground for the Botswana World Trade Centre at Airport City in Gaborone, marking the commencement of the landmark development.

During the ceremony, Botswana Development Corporation (BDC) Managing Director Oteng Keabetswe and AlBaddad Group executives signed the Memorandum of Agreement for the project, cementing the partnership behind the Botswana World Trade Centre, which forms Phase I of the US$1.9 billion New Botswana City development.


05/06/2026

WATCH: President Advocate Duma Gideon Boko is today leading the groundbreaking ceremony for the Botswana World Trade Centre at Airport City in Gaborone. The landmark development, which forms Phase I of the New Botswana City project, is expected to position Botswana as a regional hub for trade, investment, exhibitions and business tourism, while supporting economic diversification, enterprise development and job creation.

๐”๐’$๐Ÿ.๐Ÿ— ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ ๐’๐ž๐ญ ๐Ÿ๐จ๐ซ ๐€๐ข๐ซ๐ฉ๐จ๐ซ๐ญ ๐‚๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญBotswana Development Corporation (BDC) Managing Director, Oteng K...
05/06/2026

๐”๐’$๐Ÿ.๐Ÿ— ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ ๐’๐ž๐ญ ๐Ÿ๐จ๐ซ ๐€๐ข๐ซ๐ฉ๐จ๐ซ๐ญ ๐‚๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ

Botswana Development Corporation (BDC) Managing Director, Oteng Keabetswe, says the New Botswana City development at Airport City will be delivered in partnership with UAE-based AlBaddad Group at an estimated cost of US$1.9 billion. The 126-hectare project will feature the Botswana International Convention and Exhibition Centre, four international hotels, retail and hospitality facilities, and is expected to create between 25,000 and 37,500 jobs during its development and operational phases.


PICTORIAL: BDC, AlBaddad investors and other stakeholders arrive at Airport City ahead of the groundbreaking ceremony fo...
05/06/2026

PICTORIAL: BDC, AlBaddad investors and other stakeholders arrive at Airport City ahead of the groundbreaking ceremony for the Botswana World Trade Centre.


05/06/2026

STANDING COMMITTEE ON GOVERNMENT ASSURANCES - DAY 4 EXAMINATION

MINISTRY:
*Ministry of Higher Education, Botswana
*Ministry of Transport and Infrastructure

๐ŸŽฅBW PARLIAMENT PRODUCTION

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