Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Mobile money reaches P26bn

    Data made available by the Botswana Communications Regulatory Authority (BOCRA) shows that mobile money subscriptions reached 1.69 million as at March 2023, from 1.66 million in March 2022 and 1.15 million in March 2019.Orange, whose Orange Money...

  • Local BSE firms up P900m in Q1

    According to figures provided by the BSE last week, the share prices of DCI firms gained a net 1.9% between January and March this year, compared to a growth of three percent over the same period last year.The P914 million growth in market value in...

  • Inflation drops to 2.9%

    Figures released by Statistics Botswana today show that the contributions of food and fuel to annual inflation fell to 0.7% and 0.2% in March, from 0.8% and 0.9% respectively in February.Food inflation was measured at five percent in March, from 5.8%...

  • BERA reviews fuel pricing formula

    Known more commonly as the “slate,” the formula is a calculation of the costs involved in supplying and distributing various forms of fuel within the country. Every month, BERA looks at the movements of the various factors in the slate, to gauge...

  • Natural diamonds score key victory over synthetics in the UK

    The NDC is an industry group comprising the world’s rough diamond producers, which is committed to “inspiring and educating consumers on the values of natural diamonds and the positive global impact of the industry”. Members include De Beers...

  • Absa sees growth in digital uptake

    Absa Bank Botswana realised growth rates of seven and 50% in the number of digitally active customers in its Retail and Business Banking segments last year, CEO Keabetswe PhekoMoshagane said recently.Speaking at the presentations of the bank’s...

  • Masisi steps up G7 lobby on diamonds

    Addressing diplomats on Wednesday, Masisi said his administration had been able to secure the co-signatures of Namibia and Angola on the letter.The Group of Seven or G7, which comprises the United States, the United Kingdom and other industrialised...

  • El Niño ebbs after summer of despair

    The phenomenon shift comes not a moment too soon after an update made available this week shows over 9,000 drought-related reported cattle deaths in Botswana, Namibia, Zambia, and Zimbabwe between October 2023 and February 2024.“A record mid-season...

  • BERA grants citizen firms six-month import licence window

    On Tuesday, BERA officially awarded Botswana Oil (BOL) the first substantive fuel import licence, as part of a legislative change under which the parastatal takes over 90 percent of the country’s fuel imports.Effective April 1, BOL is responsible...

  • Minergy eyes rebound despite market tightness

    Mmegi: What is the situation with Minergy at the moment in terms of operations?Bagopi: Operations have restarted. As you know we took the decision to part with the former mining contractor in September last year and it took a bit of time to get the...

  • From the desert to the sea: Bahamas, Botswana unite in climate vulnerability

    The two countries could not be more far removed from each. One is an expansive nation of 3,000 islands in the Atlantic Ocean, while the other is a semi-arid, landlocked country covered 70% by desert.And yet both countries are amongst nations most...

  • Stanbic commits P2.25m to CEEP

    In a statement, the bank noted that it had signed a Memorandum of Understanding with the BCM to help drive sustainable economic growth and development.The partnership has a particular focus on advancing the economic pillar through value chain...

  • BOL declares readiness to take over fuel imports

    From April 1, BOL will import 90% of the country’s fuel imports and on-sell this to the existing multinational oil companies that are operating in the country and have previously imported for themselves. Citizen companies will have the right to...

  • BR seeks private sector for passenger train service

    According to a public notice this week, the rail utility is seeking service providers who can collaborate or partner in passenger rail services provision. The expressions of interest are reserved for citizen-owned companies.“Expression of Interest...

  • Trade deficit persists in Jan

    The trade deficit for January, which represents the difference between the country’s exports and imports, is the latest in a series of negative figures for the economy which stretch back to September last year when diamonds began...

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