Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Pioneering carbon credits project emerges in Tsabong

    BusinessWeek has established that Gazelle Ecosolutions, a tech and environment firm with global founding partners, has finalised a proof of concept at the Tsabong project site which demonstrates that the carbon credits can be put on the global...

  • HB, govt deal inches forward despite Antwerp boardroom brawl

    Oded Mansori, one of five partners who founded HB Antwerp in 2019, this week blasted his co-founders for relieving him of his management duties and has taken the dispute to courts.Mmegi has learnt that a Belgian court is due to pronounce judgement on...

  • Gov't aims high in digital drive

    Finance ministry technocrats writing in the draft Budget Strategy Paper released this week, said already 140 government services had been taken online, including import and export permits, tourism permits, licences and permits applications, tertiary...

  • BTCL to go “copper-free”

    The BTCL posted a 23% drop in pretax profits for the year to March 2023, blaming the drop on the replacement costs for stolen copper cables as well as once-off restructuring expenses. Directors noted that the total impact of copper cable theft...

  • Oiling the wheels of trade

    Petroleum industry veteran and Kwa Nokeng Oil CEO, Mahube Mpugwa, says the citizen-owned company’s ambition is to see Botswana become the region’s most preferred trade and logistics route. In a region where governments are building infrastructure...

  • Banks set for mega-profit earnings season

    Listed and unlisted banks are due to unveil their annual and interim financials in the coming weeks, with several estimates already indicating that profits will be elevated.Bank of Botswana data shows that cumulative after-tax commercial bank profits...

  • Hot and dry: Tough rain season beckons

    On Wednesday, the Meteorological Services Department confirmed that the dreaded climate occurrence was already building in the skies above the country and was due to reach its strength by the end of the year, affecting the entire rain season.El Nino...

  • BIHL share price hits record high

    BIHL, the country’s largest and most diversified financial services group, has been generally enjoying an upswing in its share price this year, and before Tuesday, had gained a net 11% on its share price since January.On Tuesday, BIHL gained five...

  • A PFR2 tsunami and the market’s sink-or-swim moment

    Local investment professionals reject the criticism that they are too conservative. The debate over changes to the pension fund rules, has been raging for years and at times accusations have been traded between the regulators and the investment...

  • FirstCred to go on sale

    Last August, the High Court placed FirstCred, formally known as GetBucks Botswana, under judicial management following a period of financial turbulence with part of the troubles involving the alleged mismanagement of hundreds of millions of pula by...

  • De Beers’ sales dip

    Group CEO, Al Cook said the prevailing economic environment was leading to softer end-client demand for diamond jewellery in key consumer markets. He added that the summer period (in the US) was associated with traditionally lower levels of midstream...

  • Questions swirl as Lucara CEO exits

    Thomas left office on August 14 after five years at the helm and was replaced by her predecessor, William Lamb, who occupied the top seat between May 2011 and February 2018.Her departure has stoked shareholder debate as the high-flying miner enters...

  • Repatriation of offshore pension billions begins

    Known formally as the Pension Fund Rule 2 or PFR 2, the NBFIRA (Non-Bank Financial Institutions Regulatory Authority) statute previously required pension funds to invest at least 30% of their assets locally.Under changes to the Retirement Funds Act,...

  • El Nino returns: The storm before the storm

    The traditional rainfall forecast issued by SADC’s Southern Africa Climate Outlook Forum (SARCOF) around this time of year, is likely to be delayed this year, but local experts aren’t waiting. The Department of Meteorological Services plans to...

  • Output plunges at Mosisedi; farmers brace for El Nino

    For commercial farmers in the Mosisedi area, their troubles with the 2022–2023 season began with the rainfall forecast going awry. Last September, the Department of Meteorological Services had forecast “a moderately wet season over the entire...

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