Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • BSE up 4% in H1

    Over the corresponding period last year, the DCI had risen 2.5 percent, indicating that this year has seen broad price strengthening across the local exchange.According to data compiled by Stockbrokers Botswana, leading the DCI in the first half of...

  • Local workers’ morale ranks lowest in global survey

    In the absence of the World Economic Forum’s (WEF) well-known Global Competitiveness Report, a survey by the Swiss-based Institute of Management Development (IMD), has become the world’s go-to review on comparative competitiveness.Botswana signed...

  • De Beers plans local jewellery manufacturing plant

    The development is part of the agreements in principle reached between De Beers and government last week as part of the new sales and mining deal.The two parties sealed the agreement in principle late on Friday night, following tense negotiations...

  • Eleventh hour deals and lifetime ‘wins’

    President Mokgweetsi Masisi was at his oratorical best in Sese on Wednesday, taking a full kgotla down a colourful, idiom-laden journey into the history and the present of the country’s diamonds and the extraction of value from them. The President,...

  • Gov’t to cede mining equity entitlement to Batswana

    Amendments to the Act could also potentially see the 15% equity option for government increased to 26%, BusinessWeek has established.The current Mines and Minerals Act allows government to buy a 15% shareholding in any new mining project, with an...

  • BSE approves Access’ P2bn note programme

    In a market notice recently, Access Bank said the proceeds of notes issued from the programme would be channelled towards “ongoing normal operations” unless otherwise stated.Once Access Bank issues its first notes from the programme, it will join...

  • New De Beers deal to pump P1bn into development fund

    De Beers and government on Friday agreed to extend their sales arrangement which covers the marketing of stones from Debswana, by another 10 years, while also extending mining leases in the country by another 25 years from when they expire in 2029....

  • 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...

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