Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • A tale of two deserts

    What does Las Vegas export? Simple question, no?OK, what does Botswana export? Even simpler right? Here, one can list copper, salt, gold and the world-famous diamonds – the shiny stones first spotted in the Motloutse River in 1959.Going by that...

  • Norwegian firm raises P650m for Phikwe solar

    The Norwegian firm won a highly contested tender for the contract in August 2021 and has since been mobilising funding to the tune of $49 million (P658m) required for the plant, which will be the country’s single largest renewable project to...

  • BURS to plug multi-million pula fuel tax leaks

    The BURS will collect the National Petroleum Fund (NPF), the Road Levy Fund and the Security of Supply Margin, on top of the fuel levy which it already collects.The move comes as reports from the local oil industry suggest that amounts ranging up to...

  • De Beers deal: Govt secures phased increase to 50%

    Speaking live on Btv today, Minerals and Energy minister, Lefoko Moagi, together with the Permanent Secretary to the President, Emma Peloetletse and Minerals permanent secretary, Ellen Richard-Madisa, said the increase to 30% from 25% had been signed...

  • What they said about the deal

    The future of the 54-year old partnership between Botswana and De Beers is set to be announced today with three options on the table; a new deal, a temporary extension to accommodate more talks or the declaration of a dispute.Since 2019, the two...

  • Parastatals sink deeper into corporate governance disarray

    The Botswana Accountancy Oversight Authority (BAOA), the statutory watchdog for corporate governance in the country, has its hands full with state-owned entities, where annual reviews show declining standards.In its latest report, covering the 2022...

  • BIHL dominance requires 'enhanced supervision' – FSC

    BIHL is the country’s largest diversified financial services group, with its subsidiary, Botswana Life, enjoying a 71% market share and its asset management unit, Bifm, also the largest in its sector with assets under management last measured at...

  • World Bank approves further P2bn loan

    In a statement on Wednesday, Marie Francoise Marie-Nelly, the World Bank country director for Eswatini, Botswana, Lesotho, Namibia, and South Africa, said the effects of the COVID-19 pandemic and other global shocks had made the need to diversify the...

  • No interest rate cuts soon despite inflation drop

    The central bank raised interest rates three times last year, by a collective 151 basis points as it fought escalating inflation which peaked at 14-year highs in August. However, since then, inflation has been falling – largely due to lower fuel...

  • While De Beers, gov’t negotiate, new threats emerge

    It would have been natural to assume that the 30,000-plus diamond industry professionals who gathered in Las Vegas, USA for the annual JCK Show recently, would have, uppermost in their minds, the ongoing talks and tensions between government and De...

  • US ready for Gabs summit

    Answering questions from BusinessWeek in a briefing on Tuesday, Assistant Secretary of State in the US Department of State’s Bureau of African Affairs, Molly Phee, said DFC CEO Scott Nathan would lead the American government’s delegation to the...

  • Inflation set to cool

    The central bank has a medium-term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country.However, prior to May, inflation was last within the objective range in April...

  • Gov’t mulls inflation-linked bonds

    The central bank’s monthly auctions of treasury bills and bonds have nearly all missed their debt targets since Parliament doubled government’s note issuance programme to P30 billion in September 2020.With its own savings only just recovering...

  • Crypto again tops FIA’s suspicious reports tally

    By law, banks, bureaux de change, car dealers, microlenders, attorneys, and others must file suspicious transaction reports with the FIA.The agency defines a suspicious transaction as one inconsistent with a customer’s known legitimate business,...

  • Local NGOs lobby House of Lords over hunting

    Today’s debate on the second reading of the Hunting Trophies (Import Prohibition) Bill is just one more step towards passing a law many communities who live alongside wildlife in Botswana and the Southern African region, have been dreading.The...

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