Botswana Telecommunications Corporation Limited (BTC) handed over a dividend payment of P130million to the Government of Botswana through the Ministry of Communication Knowledge and Technology (MCKT) and Botswana Privatisation Asset Holdings (BPAH), for the financial year ending March 2024. BTC made a dividend payout of P263million to all its shareholders inclusive of both normal and special dividends, resulting in the company paying a total of P1.035 billion to shareholders since listing in 2016.
Speaking at the handover ceremony, the BTC Board Chairperson Mokgethi Magapa stated, “This year has been marked by several notable achievements, particularly in advancing our strategic initiatives. We have continued to demonstrate unwavering commitment to service excellence and innovation, with a firm belief that these incremental improvements will help us achieve our medium-term strategic goals.”
The BTC 2024 end of year financial results indicated a 4% topline growth and an enhanced profit before tax of P200million compared to P149million in the previous financial year. This achievement allowed the company to declare the highest dividend in its history (normal+ special). “The Government of Botswana is extremely proud of this performance. This is a clear demonstration that local companies are truly impacting our economy. This is also a call to other organisations to follow suite and deliver real value to shareholders and Batswana at large. We are truly delighted with special performance and wish BTC more success.” said the Minister of Communication Knowledge and Technology, Honourable Thulagano Segokgo.
“In addition to giving back through dividends, BTC is committed to ensuring that our procurement processes are inclusive, focusing on engaging citizen-owned and citizen-directed companies. Over the past fiscal year, we have spent over P600 million procuring from local companies. Beyond this procurement commitment, BTC through its social investment arm, aims to address social challenges by integrating a culture of giving back into our core business activities. We leverage our social, economic, environmental, and intellectual capital for the benefit of all stakeholders, contributing positively to the improvement of the society. This year, our total social investment impact exceeded P6million, further affirming BTC’s dedication to delivering sustainable value to the communities in which we operate, concluded Mokgethi Magapa.
