Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Chombo named amongst 100 Most Influential Africans

    In a statement revealing the list, New African magazine said Chombo represents a promising new crop of youthful leaders in Africa.“The former Miss World Africa 2024 was appointed as Botswana’s Minister of Youth and Gender in November last year,...

  • BPC eyes 46% tariff hike from April

    According to documents filed by the Corporation with the regulator, the BPC is seeking a 68% tariff increase for domestic consumers, 41% for government and 40% each for commercial users and mining operations. The different requests have a weighted...

  • A year of balancing economic truth-telling and panic

    Fear and panic are what have triggered nearly all the economic crises seen all over the world in the past centuries. This is precisely why leaders, particularly those in charge of public finances, make great efforts to manage the narrative and optics...

  • Govt inks $4bn renewable energy deal with Indian firm

    In statement to the Bombay Stock Exchange this afternoon, KP Group revealed that the MoU had been sealed with a target of up to five gigawatts of renewable energy.“As part of the understanding, KP Group will lead technical and commercial...

  • Boko rebuffs IMF on De Beers’ pursuit

    In an in-depth report on the country’s economy and trajectory released last week, the IMF advised Botswana against seeking a greater stake in De Beers, citing the country’s constrained fiscal situation and its already high dependence on the...

  • On the trail of Mandela’s long walk

    The solemnity of 8115 Vilakazi Street must have something to do with its walls. Bullet ridden from frequent casual shots taken as part of intimidation campaigns by apartheid patrols, and also burnt by the same police, the red-bricked house is a...

  • BTC sets sights on market growth

    The Botswana Telecommunications Corporation (BTC) has unveiled bold plans to gain a greater foothold in the market. The country’s smallest mobile telecomms player by market share, is coming for everything from data services, to network coverage,...

  • BTC reaches seven-year high on BSE

    BTC, with more than 40,000 individual investors, is the Botswana Stock Exchange’s most retail-heavy counter, a state of affairs that dates back to its historic Initial Public Offer (IPO) in 2016. However, the concentration of retail investors and...

  • BoB engages market as gov’t debt costs rise

    Under government’s P55 billion domestic note issuance programme, the BoB floats bonds and Treasury Bills (TB) each month to raise debt for government in the capital market. At the auctions, primary dealers, who are exclusively banks, compete to...

  • Operations kick off at bigger Mmadinare solar plant

    In a statement this afternoon, the firm said the power plant will generate predictable revenues from a 25-year Power Purchase Agreement (PPA) with the Botswana Power Corporation. Scatec owns 100% of the project, but expects to reduce its long-term...

  • BDC mandate extends to creatives

    Last Monday, the state investment agency unveiled support for full studio production, project management, digital distribution preparation, and promotional rollout.Speaking at the event, BDC managing director, Oteng Keabetswe, said the...

  • Household arrears to banks remain stable

    According to the central bank figures, household arrears to commercial banks were measured at P3.89 billion in September, from P3.8 billion in August, indicating stability in the key banking indicator.Despite the tighter economic conditions, which...

  • Gambling flagged as suspicious transaction reports rise

    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,...

  • The Sanballats and Tobiahs of economic rebuilding

    President Duma Boko and Vice President Ndaba Gaolathe, have tended to employ or invoke Biblical verses and imagery in describing the challenges facing the country’s economy, and in their rally calls for recovery.In keeping with that approach, here...

  • Yield demands climb at gov’t debt auctions

    According to figures published by the Bank of Botswana (BoB), which is government’s agent in the capital market, the highest bid received for the various bonds offered in the monthly auctions has been ticking up over the months.Whilst the central...

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