Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Four bidders shortlisted for 200MW solar plant

    The plant, which will use lenses or mirrors to focus a large area of sunlight onto a receiver, is due to be operational by 2027 and is the flagship renewable project in government’s Integrated Resources Plan (IRP) for energy development in the...

  • New KP Secretariat due in January 2024

    Last Friday at the end of its plenary held in Gaborone, the Kimberley Process, the global anti-conflict diamonds group backed by the United Nations, voted in favour of establishing its secretariat in Botswana.The vote officially confirmed that the...

  • Shady car dealers top CCA culprits’ list

    Mmegi is informed that the Authority, which by law handles the protection of consumer rights, is even now engaged with a handful of cases involving about half a million Pula.The latest data emerged this week as the CCA engaged with the Financial...

  • BPC says load-shedding is over

    Responding to written Mmegi enquiries, BPC spokesperson, Dineo Seleke said internal generation from Morupule A and B amounted to 290 megawatts (MW), while the emergency diesel plants were providing 135MW. In total, the country was generating 425MW...

  • Vehicle population soars past 600,000

    The national vehicle population, as measured and reported by Statistics Botswana, fell marginally in 2020 to 579,789 from 601,190 in 2019, as the pandemic contracted incomes and was accompanied by movement restrictions.As a result, the pace of new...

  • Botswana readies for CITES showdown

    CITES is an international body binding 184 states to agreements on the trade and protection of endangered plants and animals.The upcoming Conference of Parties (CoP) is CITES’ highest decision-making meeting held every three years where countries...

  • Gaborone slowly takes centre stage in global diamond world

    According to official statistics from the Kimberley Process Certification Scheme, in 2021 Botswana was the world’s leading rough diamond producer by value, with output measured at $4.7 billion (P63 billion), comfortably ahead of rivals such as...

  • Afreximbank proposes P20bn economic support package

    Afreximbank president and chair, Benedict Oramah made the announcement on Wednesday while sharing the stage with President Mokgweetsi Masisi during the launch of the Global Expo Botswana.The offer marks the first time the pan-African trade bank could...

  • Load-shedding returns after seven years

    On Thursday, the Botswana Power Corporation (BPC) spent the better part of the morning publishing extensive lists of outages which it said were related to forced outages at “power generation plants” and the shortage of electricity in the region...

  • Botswana emerges as preferred host for KP secretariat

    The Kimberley Process Certification Scheme, known informally as the KP, wraps up its plenary in Gaborone today (Friday) with delegates due to vote on confirming Botswana as the host of the secretariat.On Wednesday, BusinessWeek established that a...

  • Bank profits rise to P1.7bn

    Bank of Botswana figures released recently indicate that the difference between the two periods was higher net interest income and significantly lower provisions for bad or doubtful debts.Commercial banks’ net interest income in the first eight...

  • Bank profits rise to P1.7bn

    Bank of Botswana figures released recently indicate that the difference between the two periods was higher net interest income and significantly lower provisions for bad or doubtful debts.Commercial banks’ net interest income in the first eight...

  • Inside FNBB’s plan to stay ahead of the pack

    Writing in the group’s annual report for 2022 recently, First National Bank Botswana (FNBB) chairperson, Balisi Bonyongo noted the trend of heightened competition in the banking sector from both direct rivals and non-traditional financial...

  • Yellow Card Botswana relishes Africa’s first crypto licence

    Mmegi: What is the significance of receiving an operating licence to Yellow Card?Thophego: It has a lot of significance looking at the context of the African market. Botswana is more harmonised for innovations to come and thrive and while many people...

  • TransUnion survey finds consumers battered but resilient

    Local consumers are generally yet to recover from the COVID-19 knock on their disposable incomes, while inflation and interest rates are trending at historic highs and have further worsened the situation amongst households. Unemployment, which was...

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