Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: mvmguni[email protected]
  • Millions of Pula slip through gov't fingers

    Figures from the Accountant General’s office indicate that the trend of millions of Pula being lost in the public coffers through arrears, unreconciled imprests, financial and property losses as well as widespread weaknesses in recovery continue to...

  • Gov’t pushes limits with P2.4bn debt target

    The auction of three treasury bills and two bonds by the Bank of Botswana (BoB) falls under the P30 billion domestic borrowing programme approved by Parliament in September 2020 and designed to plug budget gaps while improving the capital market’s...

  • De Beers, gov’t talks enter last lap

    BusinessWeek is informed that with the negotiations having dragged on for five years, finalising a deal by June is seen as key to settling market jitters that have grown, fuelled by speculation about why the industry’s major players are yet to wrap...

  • Maseko murder: A fresh low for Eswatini

    “Greetings of the New Year my bro. Pls don’t forget us in Swaziland!”I received this message from Thulani Maseko last January, my final communication with him. At the time, Eswatini was still simmering from yet another outbreak of unrest from...

  • EU chief hails partnership with Botswana

    Mmegi: Kindly elaborate on the reasons for the visit to Botswana and what position this country holds in terms of strategic interest or importance to the European Union?Borrell: The EU and Botswana are like-minded partners.We share an excellent...

  • Choppies moves to take over Kamoso

    According to filings made public by the Competition and Consumer Authority this week, CDC, which is Choppies’ operations unit in Botswana, hopes to secure approval for the Kamoso takeover which will grant access to the group’s well-known...

  • Top EU chief arrives in Botswana

    Borrell, who is officially the EU’s High Representative for Foreign Affairs and Security Policy as well as the Vice President of the European Commissioner, will visit the two countries between January 26 and 29.“The visit will serve to strengthen...

  • Rich and reclusive: The enigma of Derek Brink Snr

    So far out of the public eye did Brink keep that in publishing his death notification this week, local media could not accurately locate a photograph of the man who many suspect was the country’s richest and most powerful ever.While not uncommon,...

  • Recession plan doesn’t include job cuts – Debswana

    The diamond giant last week announced that it was developing plans against a possible slowdown or recession in global economic activity, which would impact on the demand for the precious stones.“The high-level plan currently has no bearing on...

  • ‘Hidden investor’ database due to go public

    By law, a ‘beneficial owner’ is defined as a person who directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise is the ultimate beneficiary of a share or other securities in a company.Amendments to the...

  • Mineworkers feel forgotten as energy transition picks pace

    One of the reasons many politicians in Africa are resisting a fast-tracked transition from fossil fuels is because of the impact this will have on jobs and the associated social welfare, community economy and indicators such as poverty, disease,...

  • BSB raises P192m from capital market

    The bonds, which were privately placed with investors, are part of the BSB’s P1 billion note issuance programme announced last March.According to a series of announcements made on the Botswana Stock Exchange, the BSB raised P82 million, P60...

  • US pushes for new ‘green’ AGOA deal

    BusinessWeek has learnt that on top of the existing tight protocols on governance required of African governments to remain as AGOA beneficiaries, the US also wants more adherence to Environment, Social and Governance (ESG) standards from the African...

  • Budget on track for surprise diamond-backed surplus

    The last time the budget recorded a first half surplus was in 2014-15 with P859 million, according to BoB records available online.Finance Ministry technocrats have not yet revised their expectations of a P7.7 billion deficit for the current fiscal...

  • Debswana prepares for possible economic recession

    “The business has started preparations for recession planning in anticipation of a global recession in 2023 which will no doubt adversely affect the sales of diamonds in our major markets,” Debswana managing director, Andrew Motsomi said in a...

arrow up