Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • SADC moves to new phase in Moz war

    While the situation remains “volatile and unpredictable,” Defence and Security ministry officials said the multi-dimensional approach would be used alongside the military in calmer areas, while forces remained on high alert.Since their deployment...

  • US dollar strength threatens pump price recovery

    On Wednesday the dollar, the currency in which global oil is transacted, reached P13.42 according to the Bank of Botswana website, possibly an all-time high according to available records.The peak came after weeks of strengthening during which the US...

  • Citizens to get share in Tshele Hills project

    The long-awaited project is being done as a Private Public Partnership (PPP) and the winning bidder will be required to set up a Special Purpose Vehicle (SPV) to enter into agreements with the Ministry of Minerals and Energy and Botswana Oil...

  • New deal raises RDC Properties’ profits 180%

    RDC Properties closed the P980 million purchase of the Tower Property Fund on December 28 last year in a deal that added 46 properties located in South Africa and Croatia to the local group’s portfolio.The deal ballooned the group’s investment...

  • Diamonds’ sweet spell from Russian sanctions could sour

    On Thursday, Statistics Botswana released second quarter Gross Domestic Product figures showing that the economy expanded by 5.6 percent over the period, helped by diamond trading activities, as global industry demand continued to warm up.In fact,...

  • Suitors court Shumba’s coal

    While Shumba’s leases are estimated to hold about 4.5 billion tonnes of coal, the company in recent years has shifted its priorities to developing renewable energy initiatives, including a 100MW solar plant near Tati. This week, Shumba directors...

  • Debswana’s power move to shake mining landscape

    Debswana’s recent move to establish its own mining services firm carries echoes of a decision four years ago by one of its shareholders, De Beers, to enter the synthetic diamonds industry, analysts say.By investing millions of US dollars into...

  • Budget to return to first surplus in eight years

    Ministry of Finance technocrats expect the budget to return a P355 million surplus in the 2024–25 financial year, the first in eight years and a break from a series of deficits that ran down savings and increased government debt.According to the...

  • Business Botswana pushes 50% cut in fuel taxes

    The proposals are contained in a lengthy submission to the Ministry of Finance, which this week kicked off consultations for the 2023–24 budget.Business Botswana representative, Joseph Willie told a Budget Pitso held on Tuesday that the lobby group...

  • Four African states want CITES to ban elephant hunting in Botswana

    The four countries, situated in western Africa, want the upcoming meeting of CITES scheduled for November in Panama to upgrade elephants in Botswana, Namibia, South Africa, and Zimbabwe from Appendix II to Appendix I, the highest level category for...

  • Four African states want CITES to ban elephant hunting in Botswana

    The four countries, situated in western Africa, want the upcoming meeting of CITES scheduled for November in Panama to upgrade elephants in Botswana, Namibia, South Africa, and Zimbabwe from Appendix II to Appendix I, the highest level category for...

  • 'Prepare for job cuts from parastatal shake-ups'

    The ministry has the most number of parastatals affected by the rationalisation programme announced by President Mokgweetsi Masisi in March. Kgafela’s ministry will be left with five parastatals out of the current 11 when the rationalisation...

  • Morupule B shines after 10-year storm

    Three years ago, the Botswana Power Corporation (BPC) invited media to its troubled 600MW Morupule B power station outside Palapye for the installation of a major component.The exercise was said to demonstrate the start of extensive remedial works...

  • Okavango community to build hotel in the Delta

    The Okavango Community Trust, a Community-Based Organisation (CBO) covering villagers in Seronga, Gunotsoga, Eretsha, Beetsha and Gudigwa along the Delta’s eastern panhandle, is hoping for construction to begin by the end of the year.The trust...

  • BMC monopoly nears end as Cabinet approves meat regulator

    The greenlight from Monday’s Cabinet meeting suggests that legislation for MIRA could come before Parliament’s November sitting, a schedule that is in line with announcements made in June by the Ministry of Agriculture.BusinessWeek is informed...

arrow up