Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Botswana’s first Astrophysics PhD: Ntwaetsile reaches for the stars

    Mmegi: Kindly provide your brief background, where you are from, your primary and secondary education, how you made your choice of study at tertiary and what that choice was?Ntwaetsile: I am Dr Kushatha Ntwaetsile, a Computer Scientist turned...

  • Zambian firm to list $500m debt note on BSE

    On Monday when opening the Botswana Bond Market Association's (BBMA) roundtable, BSE CEO Thapelo Tsheole said similar requests were coming in from around the region at different levels of advancement.“One of the things that we are seeing,...

  • Pelaelo: End of an era for a reformist

    As he left the top office on October 21, Pelaelo could be reasonably pleased that his seven-year tenure opened and closed with benign inflation levels. And if inflation control was the only item on the former governor’s job description, Pelaelo...

  • Botswana Oil makes its weight felt

    The policymakers behind the recent statutory notice giving Botswana Oil (BOL) the exclusive right to import 90% of the country’s fuel, were evidently not interested in half-measures, or half-stepping.From April 1 next year under the 90% “import...

  • Moroka steps down as Absa chair

    A statement from the bank says Moroka, who is also De Beers Botswana CEO, will leave on October 31. He will also be exiting as a independent non-executive director of the bank.Moroka joined the Absa Botswana board in July 2021.He will be replaced as...

  • Banks slapped with fines for dirty money loopholes

    Last year’s fines are more than six times what the BoB handed out to banks for non-compliance in 2021, trend analysis by BusinessWeek indicates. According to the central bank’s Banking Supervision Report (BSR) for 2022 released on Wednesday, five...

  • The disrupter disrupted: HB Antwerp’s reality check

    As a result this saw the firm falling behind in payments to Lucara and led to the recent shock termination of a 10-year deal between the two, Mmegi can reveal.Highly placed insiders who witnessed the final days of a deal hailed as an industry...

  • Airlink muscles further into local market

    BusinessWeek has learnt that Botswana is amongst one of the priorities for Airlink, which over the years has built a formidable presence in the region’s skies. Airlink has up to 50 return flights a week to Gaborone, Maun and Kasane, a stiff...

  • Wilderness secures ‘green’ loan

    Known as “principle-aligned nature conservation financing” the loan sealed between Standard Bank and Wilderness represents a first for the African market.Standard Bank head of Corporate Financing Solutions in the Corporate and Investment Banking...

  • PNR expects 2026 start date for BCL

    In an update to investors last week, PNRL directors said construction of a new mill for the Selebi shaft would begin in the third quarter of 2025, with commissioning of the mill and operations kicking off in the last quarter of 2026.Between now and...

  • Cream and the crop: The dairy question

    Dairy sector veteran, Dr Wame Boitumelo, who is also a well-published scholar on the industry, remembers a simpler and better time for the country.“Five or six decades ago, in fact before Independence, we were a net exporter of milk products in the...

  • Serame tests appetite for hard currency bond

    Governments float foreign currency bonds in order to raise debt from global investors. Foreign currency bonds give governments protection against inflation and – for countries with high sovereign credit ratings such as Botswana – can represent...

  • De Beers suspends online auctions as sales sink deeper

    De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.The balance is sold via auction to more than 900...

  • Uproar as Botswana Oil takes over fuel imports

    BOL, the state oil company, has been angling for a dedicated quota for years, under which it would exclusively import most of the 1.2 billion litres of fuel consumed in the country every year, and resell this to retailers such as Engen, Total, Puma,...

  • Mobile money usage explodes

    In its Financial Access Survey released last Tuesday, the IMF said the number of mobile money accounts per 1,000 adults had grown from 1,115 in 2017 to 2,973 in 2022.The growth in mobile money usage is also clear in the value of mobile money...

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