Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Botswana secures all 4.7m vaccines purchased

    The 4.7 million doses include two million from Pfizer, 1.35 million from Johnson & Johnson, as well as 500,000 from Moderna. Other suppliers include AstraZeneca, Sinovac and COVAXIN.The purchases began early last year through bilateral arrangements...

  • Richest 1% in Botswana earn 20 times the national average

    The World Inequality Lab’s database released this week features an interesting tool that allows users to gauge where their income lies in their country’s overall picture. According to the tool, to be in the top one percent of income earners in...

  • Will the new cryptocurrency Bill sweeten or sour the industry?

    Mmegi: How feasible is it that the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) would attempt to license companies offering virtual assets such as cryptocurrencies to Batswana, given that in most cases these products are not offered...

  • High Court clears path for Bluthorn creditors

    Justice Michael Leburu tossed out a challenge by B Thorn (Pty) Ltd which opposed liquidator, Kopanang Thekiso’s application to bundle all the companies into a single liquidation and form a pool from which creditors’ claims could be settled. B...

  • New law to force licensing of cryptocurrency traders

    Known as the Virtual Asset Bill, the proposed law was gazetted on December 23 and is one of 16 bills to be tabled before the January 24 emergency sitting of Parliament. Many of the 16 bills are designed to enhance the country’s adherence to the...

  • Top economic events to watch for in 2022

    Industry insiders expect greater concessions from De Beers on the profit share at Debswana, more ground for Botswana in the diamond value chain and commitments for citizen empowerment.Tricky inflationOne development being tracked across the various...

  • Uncertainty returns to haunt economic recovery

    Diamonds, the country’s single most economically important commodity, are usually the first to hint that the country’s fortunes will go through a testing period. Being intricately linked to international markets such as the United States, China,...

  • Masisi’s multi-billionaire vaccine connection vows to deliver

    Patrick Soon-Shiong, a South African-born multibillionaire based in the US, is vowing to move quickly beyond the agreement he signed recently with Botswana and speedily establish vaccine manufacturing in the country.While well-meaning Memoranda of...

  • Christmas in combat: SADC marks 6mths in Moz

    Botswana is part of several SADC states which deployed troops to quell the terrorist insurgency in Mozambique in July. Known as the SADC Mission in Mozambique (SAMIM), the regional troops had their original six-month deployment extended to March next...

  • A rollercoaster year of varying variants

    The World Health Organisation (WHO) decided last year that to limit discrimination against countries that discover variants, new strains would be given names from the Greek alphabet as opposed to being called ‘the Botswana variant’, for example....

  • Fuel Price Shocker

    According to the release: * Retail pump price of unleaded petrol 93 will increase by P1.60 per litre; *Retail pump price of unleaded petrol 95 will increase by P1.65 per litre; *Retail pump price of diesel 50ppm will increase by P1.75 per litre BERA...

  • ‘Sequencing’ the truth about Omicron

    The question of who discovered Omicron is one of high importance in scientific and academic circles. It demonstrates scientific prowess in a particular country, and in an age where countries’ competitiveness is being weighed by how they can monitor...

  • Electric vehicle wave triggers revival of Otse manganese mines

    A year before the now famous discovery of the ‘three shiny stones’ in Motloutse River that eventually led to the explosion of diamond mining activities in the 1970s, a less high profile mineral had been found in the country’s south...

  • Crypto, forex scammers thrive on financial illiteracy

    Rather than raw greed, local authorities believe the increase in victims of cryptocurrency and forex scams is being driven by poor financial literacy in the country.Scammers coast past the country’s existing laws and safeguards by using the...

  • De Beers optimistic despite Omicron threat

    As the country’s most important economic actor, De Beers co-owns Debswana with the Government of Botswana and earnings from the local mines are the principal anchors of national budget revenues and foreign exchange. This year, it is expected that...

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