Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Governance watchdog raises red flags against BoB, BMC

    The BAOA’s reviews have shown that the major problem with state-owned or -controlled entities and corporate governance is that the laws establishing these organisations often run contrary to internationally acceptable governance standards.In...

  • Greylisting victory caps week of wins for Masisi

    The President, who is due to mark two years in office on November 1, has faced some of the harshest criticism of his tenure in recent months, as COVID-19 cases, slow vaccination and weak economic performance have angered already frustrated...

  • BPC signs CBM deal with Tlou Energy

    Tlou Energy has scooped the country’s first contract to provide power from Coal Bed Methane (CBM), a deal expected to boost the development of a largely untapped renewable resource estimated to measure 40 trillion cubic feet in Botswana.Twelve...

  • Banks cut 116 jobs in 2020

    The latest Bank Supervisory Report issued by the Bank of Botswana this week shows 3,665 workers were employed by the four big banks at the end of 2020, compared to 3,781 at the end of 2019. The report indicates that Absa Botswana had the biggest drop...

  • ‘Dirty money’ greylisting decision due by Thursday

    The Financial Action Task Force (FATF), the world’s leading multinational anti-money laundering agency, is set to hold its plenary between Tuesday and Thursday in Paris, with delegates from across the world meeting in Paris and virtually.The...

  • BPC signs CBM deal with Tlou Energy

    Twelve years after its establishment in the country’s eastern gasfields, Tlou Energy executives this morning signed a Power Purchase Agreement (PPA) with the Botswana Power Corporation (BPC). The deal is for the supply of 10 megawatts over a period...

  • Fowl play: The curious case of the missing chicken wings

    So your favourite fast-food treat, the spicy, hot chicken wing, has not been available for months? So what? After all, the other chicken pieces are still available at the country’s fast-food franchises.But what if it was explained to you that the...

  • ODC opens trading platform in Dubai

    Prior to the latest development, buyers of ODC’s rough diamonds have bid online, following the viewing of the lots in Gaborone. Last year, however, COVID-19 closed local borders and forced the suspension of sales in April and June, resulting in the...

  • IMF expects Botswana’s growth to top Africa

    The IMF’s World Economic Outlook released this week indicates that researchers at the institute expect Botswana’s growth this year to considerably beat its sub-Saharan peers, with Seychelles second at 6.9 percent, Burkina Faso third with 6.7...

  • PPADB delists SPEDU dispute contractor

    The decision means all procuring entities in government are not allowed to engage Marcian Concepts. Additionally, the contractor’s key personnel are not allowed to join another contractor and if they do, that contractor will be barred from getting...

  • Millions in COVID-19 support for businesses lie unused

    The Citizen Entrepreneurial Development Agency (CEDA), one of the key entities engaged by government to roll-out the P1.3 billion Industry Support Facility (ISF), is disturbed by the low uptake of the funds it is administering.After spending billions...

  • BSE records tumble as Access Bank takes over BancABC

    Prior to today, the BSE’s highest daily turnover was P494.3 million recorded in 2016, P484.6 million in 2017 and P458.6 million in 2018, the Exchange’s CEO, Thapelo Tsheole said in a statement this afternoon.“This transaction represents a great...

  • Local firm secures P1.3m from EU for PPE production

    Cally Clothing is one of 12 companies benefiting from the first round of grants under the EU’s Support towards Industrialisation and the Productive Sectors (SIPS) programme. Other beneficiaries are in regional states such as South Africa, Zimbabwe,...

  • Digital tax mooted as govt pursues more revenues

    The latest proposals are contained in the recently launched Budget Strategy Paper, a blueprint developed annually as part of the budgeting process. Last year's Paper first suggested the sugar tax introduced this year as well as the increases to...

  • Desperate Moz rebels conscript child soldiers

    While SADC forces in northern Mozambique are riding the crest of the wave following recent high profile victories against Islamic insurgents, signs are emerging that the next phase of the war in that country may be the most difficult. SADC Troika...

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