Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Harvesting diamonds from the sky

    Eunice Ntobedzi has enjoyed an illustrious career. A graduate of the University of Pretoria and following sponsorship from the UK government via a Chevening scholarship, Ntobedzi was awarded her MSc in Management (Enterprise & Business Growth) by the...

  • SA divided as billions of dollars pledged for climate fight

    Other coal-dependent developing countries such as Botswana have not scored similar levels of financial support, even though they are required to also move away from coal, as part of global climate change commitments.In fact, on Monday in his State of...

  • Will the new Tourism Policy finally empower Batswana?

    According to the World Travel and Tourism Council (WTTC), which produces the world’s most authoritative reports on value in the tourism sector, Botswana’s travel and tourism sector contributed about P19 billion to the overall economy in 2019,...

  • Rude awakening looms for parastatals

    A high number of the 64 parastatals or State-Owned Entities (SOE) spread across the different ministries are loss-making, with several having run in this position for many years. Meanwhile, each year, government, allocates the majority of the P15...

  • Gov’t raises P986m debt at bond auction

    The Bank of Botswana (BoB), as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks. At the auctions, the dealers compete to lend to the government by offering the yields...

  • Firms more upbeat as economy warms up

    The latest edition of the Bank of Botswana (BoB) biannual Business Expectations Survey released this week, indicates that local firms are more upbeat about economic activity in the third quarter of the year, compared to the second quarter when they...

  • BBS secures provisional banking licence

    In a statement this afternoon, BBS Ltd managing director, Pius Molefe said the approval is subject to conditions which BBSL is required to address before a full banking license is granted by Bank of Botswana.“We are confident that the matters noted...

  • Botswana signs COP26 deal against coal, but...

    Late on Thursday afternoon, information coming out of the conference where 180 countries and 30,000 delegates are hammering out climate change commitments, indicated that at least 49 countries had officially committed to moving away from coal and...

  • Hard "Hunger Games": Food insecure Batswana reach 36,000

    The UN’s World Food Programme’s (WFP) latest research indicates that 50 million people in the SADC region are facing food insecurity. Of these, 78% are in just two countries: the DRC with about 27 million and South Africa with the balance.By...

  • The Ts and Cs in IMF’s rosy forecast for Botswana

    The IMF has projected that the local economy will grow by 9.2 percent this year, while government expects a 9.7 percent expansion. While both figures are significant, analysts have explained that the levels of the forecasts are technical and related...

  • Govt targets P2.1bn debt at bond auction

    The Bank of Botswana (BoB), as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks. At the auctions, the dealers compete to lend to the government by offering the yields...

  • After greylisting, FATF shifts focus to ‘hidden’ investors

    Countries such as Botswana, which were only recently removed from the greylist for non-compliance with the FATF’s money laundering standards, will have to adopt the new beneficial ownership requirements at the same time as the other 200 or so FATF...

  • SADC troops pile pressure as fresh Moz atrocities emerge

    However, reports from the troubled province in that country indicate that as they are squeezed out of areas they used to control, the rebels are committing more atrocities against civilians as well mounting bold, sporadic attacks.Earlier this week,...

  • The trillions hiding in plain sight and the BPC deal to unlock it all

    Local Coal Bed Methane (CBM) developers have dreams of replicating the phenomenal success of the Gladstone Liquefied Natural Gas (GLNG) project in Queensland, Australia.Gladstone, established in 2011, has created 6,000 jobs, generating US$42.45...

  • Crypto proves too risky for local fund managers

    In 2020, the most popular cryptocurrency, Bitcoin, surged by 300%, providing returns 10-times better than the next best-performing asset, while the global value of the cryptocurrency market reached $1.5 billion (P16.7 billion).By Tuesday, Bitcoin was...

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