Botswana Financial News

₹1,380, up 7% on Wednesday. BevCo holds franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini, and distribution rights for Namibia and Botswana.

Varun Beverages share price rallied over 17% to hit a fresh 52-week high on Wednesday after the company announced the acquisition of South Africa’s Bevco, which analysts believe to be a good value creation opportunity. Varun Beverages shares jumped as much as 17.78% to a 52-week high of ₹1,380.45 apiece on the BSE. One of the largest franchise bottlers of PepsiCo in the world, Varun Beverages announced that its board of directors approved the acquisition of 100% stake in South Africa’s The Beverage Company Ltd (BevCo) with plans to expand its geographical footprint in Africa.

Varun Beverages Ltd (VBL), one of PepsiCo’s largest franchise bottlers worldwide, announced the acquisition of South Africa-based Beverage Company (Bevco) along with its wholly-owned subsidiaries at an enterprise value of Rs 1,320 crore, on Tuesday. The proposed transaction is valued at an enterprise level of ZAR 3 billion (Rs 1,320 crore) and will help it expand its geographical footprint in the African market, the company said in a stock exchange filing. BevCo, which has franchise rights from PepsiCo Inc, in South Africa, Lesotho and Eswatini, manufactures and distributes licensed PepsiCo and own-branded non-alcoholic beverages in South Africa.

The dance form is widely popular in Gujarat and different parts of the country during the Navratri festival. “The age-old tradition of devotion to Goddess Mother in the form of Garba is alive and growing. Garba which has become the identity of Gujarat has been approved by UNESCO under its intangible cultural heritage list," Patel said in a post on X.

technology ecosystems and learning resources, including in local languages. During the second edition of the Voice of Global South Summit, hosted by India, the ministers underlined the central role of teachers and education staff all over the world in promoting education and the need to foster an environment, including through capacity building and exchange programmes, that will enable them to thrive in their profession.

The Blockchain Association of Kenya (BAK) has announced that it will prepare the first draft of the country’s blockchain legislation as it seeks to join the list of nations with proper rule clarity. 

Launched a year ago in Europe, Sweat Economy builds on Sweatcoin, an app that pays people to walk in coins that can then be used to donate to charity and to get deals when buying goods and services from over 600 brand partners.Sweat Economy is powered by $SWEAT, or Sweat Token, a crypto asset representing tokenised physical activity, minted by steps. The token is managed via a non-custodial Web3 mobile wallet dApp.Accrued $SWEAT can be deposited into “Growth Jars” to be saved and multiplied, and unlock exclusive rewards within the ecosystem.

By Brian Benza

NEW DELHI : Billionaire Naveen Jindal, via a privately held unit, plans to set up a steel mill in Nigeria and a power plant in Botswana to serve the African market, two people familiar with the development said. As part of the plan, Vulcan Steel, a privately held company by the Jindal family, has decided to build a 3 million tonne per annum (mtpa) capacity steel plant, while Jindal Power Ltd, another privately held unit, will set up the thermal power unit, which will produce as much as 600 megawatts (MW) at peak capacity. The entities controlled by Jindal have secured minerals and power purchase agreements in both nations.

Bharti Airtel, exhorted the world to bet on Africa, calling it the last continent of hope, having a large young population but also one of the most backward parts of the world. “Just adopt Africa as a place to do agriculture and perhaps value-added agriculture. The entire world can change.

New Sandfire Resources managing director Brendan Harris says acquisitions would need to be extremely attractive to distract him from the task of getting the company’s two new mines performing to their full potential.

IOA) president PT Usha will take a step further as an administrator as she will be contesting the upcoming Commonwealth Games Federation elections for the post of vice-president.

relay team caused a sensation at the World Athletics Championships here finishing second behind the United States in the semifinal heat, setting the Asian Record and qualifying for the final. As the contestants went into the final leg of the first semifinal in the men's 4x400m relay race on Saturday, there was a buzz in the stadium as India went neck-and-neck with the USA for the finish line. Though the USA team of Trevor Bassitt, Matthew Boling, Christopher Bailey and Justin Robinson eventually pulled ahead to win the heat in 2:58.47, India held on to second in an Asian Record of 2:59.05. The Indian quartet of Muhammad Anas Yahiya, Amoj Jacob, Muhammad Ajmal Variathodi and Rajes Ramesh came up with a superb race to set a new Asian record, dipping below 3 minutes. The Indian team improved on the previous mark of 2:29.51 set by Japan in last year's World Championship in Eugene, USA. On Saturday, India was followed by Great Britain and Botswana, both clocking 2:59.42.

In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and economy. As the digital age unfurls, I often wonder: Could the modern marvel of crypto tokenization be the change my grandfather and countless cocoa farmers need?

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges.

New Delhi: David Bridger, UNAIDS country director for India, on Thursday expressed confidence that India has the potential to achieve the end of the AIDS epidemic as a public health threat. He emphasized the need to capitalize on the progress made thus far, saying that India has the opportunity to eradicate AIDS if efforts are sustained. Bridger’s remarks come in response to a new report released by UNAIDS titled ‘The Path that Ends AIDS’, which underscores the political and financial choices involved in ending AIDS and highlights the remarkable achievements of countries and leaders who have pursued this path.

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.

African crypto exchange Yellow Card has received significant regulatory approval to continue expanding its operations across the continent.

Digital twin nonfungible tokens, or NFTs, aren't just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at game reserves and privately owned conservation areas in Africa. These wildlife NFTs enable holders to sponsor an elephant, lion, cheetah or rhino. Profits from the sales will go toward food, shelter and security for the animals they represent.

A new variant of COVID-19 that has been detected in South Africa is a "cause for concern," a top virologist has warned.