Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • BIHL keeps faith in Letshego despite profit knock

    Botswana Insurance Holdings Limited (BIHL), the country’s largest diversified financial services entity, previously incurred running impairments from Letshego over two reporting periods between 2018 and 2019 amounting to P246 million.In the half...

  • BoB sticks to inflation-fighting plan

    The BoB kicked off the three interest rate hikes it has made this year in April, saying while inflation is being driven by external costs rather than local demand, the rate actions were required to ensure that expectations of higher inflation do not...

  • Beef, crop producers in mixed fortunes

    Last week the Department of Veterinary Services suspended all livestock movements as well as exports of live cattle and beef owing to the suspected outbreak of Foot and Mouth Disease in the northeast.Yesterday, officials at the Met Services...

  • Norway firm scoops Phikwe solar deal

    Part of the Power Purchase Agreement signed between the Oslo-based group and the Botswana Power Corporation on Wednesday requires that 40% of shares in the company established for the project be awarded to citizens.Scatec is one of the world’s...

  • Botswana firms among finalists for Jack Ma’s $1.5m award

    The competition, now in its fourth edition, was established by the Jack Ma Foundation and is aimed at aims at supporting entrepreneurs who are not only building successful businesses, but who are also running mission driven organisations that...

  • De Beers’ steps up ‘wheat-from-chaff’ strategy against Russia

    One of the world’s leading publications, The New York Times, this week ran an article on Russia’s efforts to prevent the Kimberley Process or any other organisation from labelling its diamonds as “conflict or blood”. Part of the article...

  • Cost of living rises to new highs

    At its latest level, inflation is under a percentage point shy of the all-time high of 15.1% recorded in November 2008.Inflation for the first seven months of the year has averaged 11.39%, compared to 11.41% in the same period in 2008, the year in...

  • BBS inches closer to banking licence

    According to a notice yesterday, during the closed period, members of the board, management, and staff are prohibited from dealing in any manner, directly, or indirectly in the company’s securities.The latest developments follow a protracted...

  • Kenyan brewer eyes Botswana market

    Should the company’s plans come to fruition, Bandari ya Pombe will be the country’s third alcohol producer after Kgalagadi Breweries Limited and Okavango Craft Brewery.Another microbrewer, Big Sip, is under liquidation after closing shop last...

  • BPOPF assets soar past P90bn but ‘bumpy road’ beckons

    The fund had grown to P93 billion by December last year, before retreating to P90 billion at the end of the financial year due to instability in invested markets.“From April to now, we have had pressures such as higher global inflation and it’s a...

  • BPC tariff request meets stiff resistance

    The BPC’s has asked the Botswana Energy Regulatory Authority (BERA) to approve two consecutive tariff increases of five percent each for the 2022–23 and 2023–24 financial years.The Corporation is citing below cost-reflective tariffs, pressure...

  • A familiar uncertainty sets over the economy

    To use American slang, the economy, which includes business activity, employment creation and the collective aspirations of Batswana, cannot seem to “catch a break”.The boom economy which stretched from the late 1990s to the late 2000s with...

  • Diamond sales on track to smash six-year record

    The exports in the half-year to June 30 compare favourably to the P38.1 billion full-year sales figure for 2021, which in turn represented the highest level since 2016.Debswana sells 25% of its production to state-owned diamond trader, Okavango...

  • IFC approves P500m loan to Peo Finance

    The IFC will channel the support via a loan to Peo Finance, a micro-finance company which is a wholly-owned subsidiary of Capricorn Investment Holdings Botswana. Capricorn Investment is in turn, majority owned by Namibia’s Capricorn Group, which...

  • Ominous signs as inflation expectations rise

    The latest revelations are contained in the BoB’s Business Expectations Survey (BES) released this week which samples the opinions of a cross-section of firms about the business environment from the second quarter of the year and beyond.In raising...

arrow up