Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Gov't lifts maize, wheat import ban

    The lifting of the import ban also followed an outcry from local millers who noted a “supply shock” as well as shortages, particularly in stock feed.The Ministry of Lands and Agriculture suspended maize, wheat, sorghum, sugar cane and other grass...

  • New Ministry of Finance PS sets off truth bombs

    When Tshokologo Kganetsano speaks, he sounds like the Biblical Noah, exhorting the Israelites to take refuge in the Ark before the flood. The new Finance Ministry Permanent Secretary, however, says he is merely trumpeting a warning. A major threat....

  • Botash probes ‘transactions, procurement’ after top level suspensions

    Botash, the region’s largest supplier of natural sodium and related products, expects the investigation to end in February “but may escalate or extend depending on the findings,” deputy board chair, Harry Pheko told Mmegi.“The placing of the...

  • SA sugar giant reduces stake in ‘Blue Crystal’

    In a notice to the Johannesburg Stock Exchange this week, Tongaat Hulett directors said a sale agreement with the incoming investor Vision Parties had been concluded for the shares in Tongaat Hulett Botswana on January 18. Tongaat Hulett Botswana is...

  • Gov’t targets P4.6bn debt for January

    Under government’s domestic note issuance programme, the BoB floats bonds and Treasury bills each month to raise debt for government in the capital market. The programme’s ceiling was raised to P55 billion early last year after the previous P30...

  • Sechaba shines on the BSE in 2024

    Sechaba’s share price closed the year 41.4% higher, leading to a generally strong year for the DCI in which all but three companies performed positively. Sechaba also recorded the BSE’s highest turnover for the year at P338.2 million. Turnover is...

  • US trade deal: What’s AGOA’n on?

    Congresswoman, Sheila Cherfilus-McCormick, says in the global competition for economic ties with Africa, the United States is “probably” fourth. This is despite the US, particularly during President Joe Biden’s term, pledging to become...

  • Gov't signals tough fiscal policies ahead

    Gaolathe and his technocrats are hammering out a tough 2025-26 budget, which is expected to carry an P11.4 billion deficit. The current financial year, which ends on March 31, is expected to show a shortfall of P18.6 billion, higher than even the...

  • Monyatsi resigns at Letshego

    Letshego’s board said Monyatsi was resigning to “pursue an external opportunity”.“The board and staff of Letshego would like to thank Monyatsi for his leadership and contribution. “He has set a strong foundation that we will continue to...

  • Gov't works on critical minerals strategy

    Speaking virtually at the Brookings Institute 'Foresight Africa 2025–2030' event held in Washington DC on Wednesday, Kenewendo said it was important that Africa, which hosts an estimated 30% of the world’s critical minerals, prepare...

  • Pula hits historic low against US dollar

    According to Bank of Botswana data, the pula reached P14.14 against the dollar on Monday, the lowest level the local currency has dropped to against the greenback, before recovering slightly to end the day at P14.05 by press time on Wednesday.The...

  • Diamond downturn nibbles away at forex reserves

    Acting governor of the Bank of Botswana (BoB), Kealeboga Masalila, explains that while foreign currency exchange seems like a matter for major firms and entities, many of us interact with it in one way or the other, especially in this modern,...

  • Hollard Life leverages digitisation for financial inclusion

    Mmegi: Kindly give us a brief description of Hollard Life, its history in Botswana, and its position in the marketTau: Hollard Life Botswana (HLB), established in 2011, and licensed by Non-Bank Financial Institutions Regulatory Authority (NBFIRA) in...

  • VAT e-billing test due by March

    According to the 2025-2026 Budget Strategy Paper issued by the Finance Ministry, the e-billing pilot has been ongoing for three years and is scheduled to end by March. The ministry described the e-billing initiative as a key priority in the effort to...

  • BoB pushes banks as forex reserves tighten

    According to the last official figures, the country’s foreign reserves managed by the BoB declined to P56.1 billion in October 2024 from P64.9 billion in October 2023, due mainly to the decline in rough diamond sales.The prolonged decline in...

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