Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • In pursuit of the diamond deal

    There was no choice. Having pursued the single biggest story in the country’s economy for the better part of five years, there was really no question of sleeping when matters finally neared a head. That would be akin to travelling 20 hours to the...

  • Gov’t doubles Mmadinare solar contract to 120MW

    The original 60MW plant, to be built between Selebi-Phikwe and Mmadinare by June 2024, was the largest renewable procurement signed off by government. Government and Scatec officials signed a binding 25-year Power Purchase Agreement (PPA) in August...

  • Top business stories we tracked in 2023

    BSE hits recordThe Botswana Stock Exchange’s flagship platform, the Domestic Companies Index (DCI) was the talk of the town this year, cruising towards a share price performance last seen 10 years ago. As at mid-day Wednesday, the DCI was up 15.4%...

  • Hot, dry conditions to persist from January

    In a mid-season update, meteorologists said El Nino conditions, which are associated with drier conditions over the country, would continue through the second half of the season. El Nino is expected to ease to neutral between May and July next...

  • Govt’s big plans for a railway revolution

    Mmegi: In recent months, we have the seen the Ministry push forward with railway projects towards the East and West, moving closer towards project development. What is the over-arching goal in securing the construction of these railways?Molale: This...

  • Ngwaketse West least electrified area

    In absolute numbers, just 626 households in the sub-district are connected to electricity, while 3,739 are unconnected and forced to use other methods of heating and lighting. According to the survey, Orapa and Sowa have 100% electricity connection...

  • Pheko exits as BTCL chair

    In a notice to investors on the Botswana Stock Exchange (BSE) today, BTCL directors said Pheko would leave with effect from December 31. He has been a non-executive director in the corporation since 2018 and will also be leaving that position on...

  • MDCB targets $1bn investment portfolio by 2028

    Briefing editors last week, MDCB executives said the investment firm currently had a P7 billion portfolio and was keen to add more assets as part of a strategy to grow the company into Botswana’s largest investor and a significant contributor to...

  • BoB expects lower bond yields as PFR 2 inflows strengthen

    Under changes to the Retirement Funds Act, local pension funds have until December 2027 to invest a minimum of 50% of their assets domestically, a figure that as at August translated to P16.3 billion being repatriated from offshore. Known formally as...

  • Budget in Q1 surplus but FY deficit still looms

    Figures from the Ministry show that the surplus in the first quarter of the 2023-24 financial year, a period which covers the months between April and June, was powered largely by Southern African Customs Union (SACU) receipts and mineral...

  • Inside BPOPF’s plans as billions drift back home

    Mmegi: The Non-Bank Financial Institutions Regulatory Authority has published the revised pension fund rules, which require that pension funds repatriate a certain percentage of their offshore holdings in the years to 2027. Into what areas does the...

  • Geingob ropes Masisi into SACU stand-off

    When they last met to discuss a joint industrialisation bid last April, member states of the Southern African Customs Union (SACU), opted for diplomacy and spoke of regional unity for investment, rather than the restless elephant in the room.Last...

  • BHC profits up seven-fold

    In a notice to the Botswana Stock Exchange, the Corporation noted that the improved performance was powered by rental revenues, which rose by P30 million to P169 million. The rental revenues were in turn supported by a P29 million subsidy from...

  • Chobe’s rebound exceeds pre-COVID levels

    Established 40 years ago, Chobe Holdings Limited operates two famous safari brands, Desert & Delta Safaris and Ker & Downey Botswana, as well as providing safari services through its tour operator The Booking Company and integrated air charter...

  • BOL kicks off bids for coal to liquids plant

    Interested bidders have until December 22 to submit their proposals for the project, which will be developed on a Public Private Partnership (PPP) model. According to the bidding note published recently by Botswana Oil, investors will be required to...

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