Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • BDC puts LCW up for partial, full sale

    Publicly available documents shared by the càorporation this week indicate that the BDC estimates its equity value in LCW to be P55 million and is not willing to accept offers below this level.“Interested parties must clearly state the...

  • NexMetals triples resource estimate in Phikwe

    Selebi North and Selebi Main are the two main deposits that were being tapped by the former BCL Mine when it closed in 2016. NexMetals, formerly Premium Nickel Resources, snapped up the shafts, as well as Selkirk Mine from government, in a deal...

  • BSE jumps P390bn in 9 months

    The 55% jump in market capitalisation helped propel the BSE into the trillion-pula value territory as well as into the higher rankings on exchanges on the continent.A market report compiled by the exchange and covering the period between January and...

  • BERA Act amendments to boost transmission investment

    Speaking at the National Business Conference in Francistown earlier today, BERA CEO, Never Tshabang, said the amendments are due to be discussed in the upcoming November sitting of Parliament.The recognition of independent transmission providers...

  • BOL, international oil companies lock horns over supply

    IOCs operating in the country, who comprise some of the world’s biggest players, have pushed against the BOL’s 90% mandate since it was introduced in 2024, noting that the move not only exposes the country to greater risk in supply, but also ties...

  • Botswana to host $500m regional Dangote IPO hub

    Access Bank Botswana on Wednesday revealed that it had secured access to the $1.6 billion IPO, Africa’s largest ever, through unsponsored depository receipts that will be offered to local investors and listed on the BSE.Under the sponsored variety,...

  • Foreign reserves hit 23-month high

    While the higher reserves could possibly be linked to hard currency loans taken on by government, published details provided by the Finance Ministry suggests the amounts were supplied in months prior to July 2026.Bank of Botswana figures released...

  • BDC sees traction in turnaround plan

    The corporation recently unveiled full-year results for the year ended June 2026, indicating an increase in revenue at company level of 11% to P485 million as well as a four percent drop in operating expenses. Combined credit and valuation charges...

  • Africa’s growth continues but so does its poverty

    “The people come to understand that wealth is not the fruit of labour but the result of organised, protected robbery.”Frantz Fanon’s famous quote from his 1961 masterpiece, Wretched of the Earth, are likely ringing true for many across the...

  • BSE nears Dangote IPO deal

    Powered by Africa’s richest man, Aliko Dangote, the IPO is forecast to deliver dollar-based returns at market-beating rates, given the success of the existing 700,000-barrel-per-day plant outside Lagos. The Dangote group plans to use the proceeds...

  • BBS losses widen

    As competition for deposits remained stiff in the banking sector, BBS Limited saw its interest expense rise more than 47%, eating into returns at a time when the bank slowed down its credit output due to weaknesses in the market. BBS Bank’s...

  • Moody’s upgrades BPC

    The BPC is one of a handful of local entities that subscribe to international credit ratings, which determine their cost of borrowings. In a statement, Moody’s researchers said the upgrade to stable was reflective of the fact that the...

  • Pension funds continue rising

    The level of assets in July compares to P176.4 billion in June. Bank of Botswana figures indicate that much of the growth in pension fund assets this year has come from offshore equities, whose value rose from P70.9 billion in January to P76.4...

  • Diamond sales show recovery in H1

    President Duma Boko and Minerals and Energy minister, Bogolo Kenewendo, headlined a high-profile event under the House of Botswana banner in New York last week, as part of continuing efforts to support a rebound in the precious stones.“We are...

  • Economic strains reach the richest

    The numbers are contained in wealth intelligence firm New World Wealth’s latest Africa Wealth Report, the continent’s most comprehensive assessment of incomes at country, city and individual level. Researchers analyse household income statistics,...

arrow up