Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • 'Prepare for job cuts from parastatal shake-ups'

    The ministry has the most number of parastatals affected by the rationalisation programme announced by President Mokgweetsi Masisi in March. Kgafela’s ministry will be left with five parastatals out of the current 11 when the rationalisation...

  • Morupule B shines after 10-year storm

    Three years ago, the Botswana Power Corporation (BPC) invited media to its troubled 600MW Morupule B power station outside Palapye for the installation of a major component.The exercise was said to demonstrate the start of extensive remedial works...

  • Okavango community to build hotel in the Delta

    The Okavango Community Trust, a Community-Based Organisation (CBO) covering villagers in Seronga, Gunotsoga, Eretsha, Beetsha and Gudigwa along the Delta’s eastern panhandle, is hoping for construction to begin by the end of the year.The trust...

  • BMC monopoly nears end as Cabinet approves meat regulator

    The greenlight from Monday’s Cabinet meeting suggests that legislation for MIRA could come before Parliament’s November sitting, a schedule that is in line with announcements made in June by the Ministry of Agriculture.BusinessWeek is informed...

  • Gov’t wants ‘five percent and above’ growth over NDP12

    NDP12 will run until March 2029 and represents a crucial period for fiscal consolidation and acceleration of the country’s structural goals such as economic diversification and digital transformation as well as socio-economic aspirations around...

  • Vehicle registrations reach 10-year low

    First time vehicle registrations include brand new, second hand and rebuilt vehicles and are an indicator of trends in vehicle uptake in the local market.The figure for the second quarter came off another low of 7,974 recorded in the first quarter,...

  • Global turbulence threatens tourism’s post-COVID recovery

    The local tourism sector is at the tail-end of its traditional peak season, a high-traffic window running roughly between April and October.This period is preferred by tourists as the dry winter conditions provide for better viewing of various...

  • Debswana eyes four-year production high

    Last year, Debswana’s local mines produced 22.3 million carats which at the time represented the highest level since 2019, helped along by a rebound in the global economy from COVID-19 and resurgent demand for the precious stones.By the end of July...

  • Gov’t expects bumpy road ahead for the economy

    From a brisk start to the fiscal year in which mining, particularly diamonds, helped produce an P838 million surplus in the first quarter, the war in Ukraine, rising inflation and interest rates as well as interventions such as the inflation relief...

  • BIHL resists economic headwinds with 39% profit jump

    Inflation in the half year averaged 10.9%, one of the highest levels in recent years, while additional pressure on consumers’ incomes came from two interest rate hikes the Bank of Botswana effected during the period.On Wednesday, BIHL group chief...

  • Eyes in the skies: Balogi breaks boundaries

    MAUN – The airport here, while smaller than Sir Seretse Khama International, is by far the country’s busiest, with dozens of small planes landing and departing every day to and from the tourist camps.Last year, Maun International Airport...

  • Chobe women make their mark in tourism’s ‘Great Reset’

    KASANE – A philosophy developed and promoted by the leadership of Chobe Holdings in the last decade has paved the way for women breaking the ceiling in tourism, moving beyond the laundry room, restaurants and housekeeping, to being guides in the...

  • Yields rise as gov’t raises P1bn debt

    The Bank of Botswana (BoB), acting as government’s agent in the capital market, raised an additional P1 billion in debt for the fiscus on August 26, through the auction of three bonds and two treasury bills.The amount raised at the latest auction...

  • BIHL keeps faith in Letshego despite profit knock

    Botswana Insurance Holdings Limited (BIHL), the country’s largest diversified financial services entity, previously incurred running impairments from Letshego over two reporting periods between 2018 and 2019 amounting to P246 million.In the half...

  • BoB sticks to inflation-fighting plan

    The BoB kicked off the three interest rate hikes it has made this year in April, saying while inflation is being driven by external costs rather than local demand, the rate actions were required to ensure that expectations of higher inflation do not...

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