Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • CCA settles with Hollard; case proceeds vs BIC, Old Mutual

    The case is being heard at the Competition and Consumer Tribunal.Yesterday, another participant in the alleged scheme, Hollard Insurance, reached a settlement with the fair-play watchdog, agreeing to pay P4.8 million for its role in the scheme.The...

  • Gaolathe engages Dangote

    According to information shared on government’s official social media, Gaolathe held talks with Dangote earlier in the week as part of Botswana’s efforts to deepen intra-African economic partnerships.The talks, described as early-stage...

  • Fresh audit exposes COVID spending chaos

    The Auditor General’s latest report, tabled in Parliament a week and a half ago, paints a disturbing picture of misspending of the COVID-19 Fund, the central wallet into which government, the private sector, donors and well-wishers poured funds...

  • The natural nexus of God-given gifts

    There is something deeply significant and strategic about the fact that some of the greatest support for Botswana’s historic hosting of the World Athletics Relays has come from the diamond sector.Debswana, the Okavango Diamond Company and Lucara...

  • BDC, Debswana partner for diversification drive

    Debswana has reportedly received preliminary board-level approval for its diversification strategy, which seeks to leverage the group’s expertise, non-diamond assets and interests into broader ventures beyond diamond mining.Previously released...

  • IMF upbeat on Botswana growth prospects

    The World Economic Outlook, published recently as part of the IMF’s Spring Meetings in Washington DC, indicates that the institution is optimistic about the country’s outlook, despite the recent contractionary trend in the economy.IMF researchers...

  • Precious thebes still slip through gov’t fingers

    At the Veterinary Services Department, a former employee “promised to pay back” P230,442 stolen between 2010 and 2014. The former employee has been making the same promise over the years.The latest troubling glimpse into the state of public...

  • Business Botswana engages govt on fuel prices

    The organisation’s comments come as it engages with government on the pressures around oil prices, as a result of the Middle East conflict. Business Botswana officials said the organisation had met with Trade and Entrepreneurship permanent...

  • Athletes ramp up World Relays’ readiness in Letlhakane camp

    Botswana Athletics Association CEO, Mabua Mabua told Sport Monitor that locating the camp in Letlhakane had helped the athletes focus on their training and abilities for the event.“The environment they are in provides the best opportunity for them...

  • From Oman with love

    President Duma Boko was in his trademark emphatic element on Thursday, launching the groundbreaking of the country’s largest renewable energy project which comes with the first utility scale Battery Energy Storage System (BESS).That the mammoth...

  • French uranium giant targets 15,000km² exploration

    Senior officials confirmed to BusinessWeek that the group, which is 90% owned by the French government, is moving ahead with various activities geared at kickstarting exploration activities in the country.“Orano has submitted applications for...

  • The Age of Hyperbole

    In an age where attention directly generates revenue, hyperbole becomes the tool of the trade that influencers use to get ahead.For the seedier players in the industry, hyperbole is the viscous fluid they use to grease the flim-flam machines they run...

  • BBS confident of scaling greater heights

    Pedzani Tafa is not looking for blind patriotism. She explains that BBS Bank is a fully-fledged commercial bank with a suite of products and services that serve customers’ domestic and foreign needs.Three years into the initial five-year strategic...

  • BBS focuses on recovery after tough 2025

    BBS, the country’s only indigenous bank, has swung between periods of losses and profits in the three years since it kicked off commercial banking operations, a period executives describe as formative, transformational and associated with set-up...

  • Pension funds beat PFR 2 target

    Bank of Botswana figures released recently indicate that assets held by the country’s pension funds reached P167.2 billion in December, with about P76 billion held domestically and the balance offshore.Under NBFIRA’s amended investment rules,...

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