Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Gov’t finalises plans for carbon, digital tax

    The carbon tax was first mooted in the Economic Recovery and Transformation Plan approved by Parliament in September 2020, while the digital tax was proposed in the Budget Strategy Paper of October 2020.Giving an update on the digital tax at a BURS...

  • IMF shaves Botswana’s economic growth estimate

    The latest projections are contained in the IMF’s World Economic Outlook (WEO) released on Tuesday and follow from the October WEO. The IMF’s latest forecast is the same level that the Finance and Economic Development ministry projected in...

  • Historical imbalances haunt SACU’s combined industrialisation bid

    Whenever the issue of regional industrialisation is discussed at SACU level, the elephant in the room is the domination of Botswana, Namibia, Lesotho and Eswatini by South Africa.Critics of SACU, which is the world’s oldest customs union, say to...

  • Masisi shakes up ministries, parastatals

    In a televised address, Masisi announced the creation of the Ministry of Entrepreneurship, while mandates of other ministries were either merged or moved within Cabinet. The new Cabinet has 18 ministries, which is the same number as the previous...

  • Unregulated cryptocurrency threatens global anti-corruption efforts

    Harvard law professor, Matthew Stephenson says where the criminals of yesteryear used to hide their loot in suitcases under mattresses, cryptocurrencies have removed the limits of both the suitcases and the mattresses.“If the suitcase full of cash...

  • Inflation eases but...

    Figures released recently by Statistics Botswana show that inflation eased to 10% in March, from 10.6% in February, both of those levels representing 13-year highs.The drop in March was largely due to lower movements across the various goods and...

  • Gaborone meeting unlikely to blacklist Russian diamonds

    When the world’s diamond producers, their biggest customers, civil society groups monitoring the industry and others, meet in Gaborone in June to discuss issues affecting the image of the precious stones, Russia will be the proverbial elephant in...

  • AfDB avails P1.4bn to support Botswana

    The funds, detailed in a Country Strategy Paper released this week, are expected to rise when authorities finalise the second part of an Economic Recovery Support Programme later this year. Under the first phase of the programme, government received...

  • Crypto operators face licensing deadline, steep fines

    This comes as the Virtual Asset Act and its regulations came into effect on February 25, with a grace period of three months for operators to regularise.The new Act and its regulations make Botswana one of a handful of countries in the world to...

  • Muted cheers as BURS exceeds tax targets

    Yesterday, officials at the tax agency said the improved collections were helped by higher contributions from income taxes and Value Added Tax (VAT).VAT was increased to 14% in April 2021, while the withholding tax on dividends was increased to 10%...

  • Pula Steel buyer budgets P20m for upgrades

    Vision Ridge, a unit of India’s Yashomann Industries, recently sealed a P16 million deal to takeover Pula Steel, a liquidated Selebi-Phikwe plant that was using scrap metal to produce an intermediary product known as steel billets. The new buyer...

  • HATAB wades into Chobe River front uproar

    Additionally, HATAB believes the developments will restrict animal movements and place increased pressure on already threatened species such as the Chobe Bushbuck.The 38-year-old industry body, which represents 50% of all licensed hospitality and...

  • The real victory hidden in Masisi’s vaccine lab deal

    Policymakers involved in sharpening the country’s competitiveness and ‘ease of doing business’ environment were left smarting last April when social media giant, Twitter, chose Ghana to be its African headquarters.While frontrunners for the...

  • Four years of Masisinomics

    When assuming the presidency on April 1, 2018, Masisi would never have imagined that his tenure would experience the sharpest economic drop the economy has suffered since Independence or the largest loss of jobs since that time.Economists have penned...

  • Russian sanctions unsettle diamond power politics

    The Kimberley Process Certification Scheme, encompassing all major diamond producers in its membership of 82 countries and NGOs, was set up nearly 20 years ago to root out conflict diamonds from the global market.In recent years, meetings of the...

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