Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Youths cry foul as debate rages over Chobe River lodges

    The youths recently wrote a complaint to the Department of Wildlife and National Parks, adding their voices to a heated matter already pitting ecologists against land authorities. Plans by the environment and tourism ministry to open up 240,000sqm of...

  • Gov’t trims debt target to P500m for March

    According to a notice published this week, the BoB is due to offer three bonds ranging in maturity from five to 18 years, although technically, the central bank could add shorter-term treasury bills to the line-up of Friday’s auction or increase...

  • Pula Steel bounces back to life

    Pula Steel’s liquidation has dragged since it closed in 2017, just two years after it was built at a cost of P130 million strained by financial and technical challenges, particularly the shortage of its raw material, scrap metal.The latest sale...

  • Storm brews over planned lodges on Chobe River front

    The Ministry of Environment, Natural Resources Conservation and Tourism has invited 100% citizen owned businesses and consortiums to submit expressions of interest for eight new tourism sites along the Chobe River front, with a closing date due on...

  • Minergy upbeat as 300MW coal tender nears award

    The 300MW tender is the last coal-fired electricity government will procure, according to the Integrated Resource Plan, which maps out all power sources the public purse will pursue until 2040.Of the four coal developers shortlisted for the tender,...

  • COVID-19 vaccines face expiry from April

    In January, health authorities announced that all the vaccines ordered by the country since the life-saving medication became available, had arrived in the country creating a stockpile in hand of three million doses.Most adults received their full or...

  • Inflation stays put at 13-year high

    The current inflation rate represents the highest level since March 2009 and has been driven by a range of increases in administered prices last year, in particular, fuel prices which rose five times in 2021.In its last review in late February, the...

  • Chobe Zambezi dream moves closer to reality

    All the dams that can plausibly be built in the country, have already been built, says Water Utilities Corporation (WUC) CEO, Gaselemogwe Senai.At present and forecast rates of consumption, these dams are sufficient to supply the country until about...

  • How the Russia, Ukraine war will hit your pocket

    As at the end of February, authorities at the Botswana Energy Regulatory Authority (BERA), estimate the local petrol pump prices were, on average, P1.25 below the actual cost of supplying the fuel. Diesel prices were on average P1.49 below cost while...

  • Letshego aims to be pan-African digital giant

    From its traditions as a deduction at source business targetting the civil service, Letshego has expanded over the years to the mass marketing of its credit products and also financing of small to medium enterprises.The microlender has also grown its...

  • Gov’t confirms P560m of COVID-19 bailout lying unused

    This comes more than a year after the funds were announced as part of the Economic Recovery and Transformation Plan (ERTP). Government unveiled a P1.3 billion Industry Support Fund (ISF) in November 2020 targetted at the hardest-hit sectors of the...

  • Bank profits surpass pre-pandemic levels

    In 2019, the year before COVID-19 arrived in the country, the country’s commercial banks recorded collective after-tax profits of P1.78 billion.Bank of Botswana figures released recently indicate that the profitability recorded in 2021 was the...

  • Border vaccine rules cripple tourism – HATAB

    According to HATAB chief executive officer (CEO), Lily Rakorong, a recent survey amongst the organisation’s members found that between February 14 when the new rules were introduced, and February 22, bookings worth P109 million were cancelled.The...

  • Councils skipped gov’t approval for Bluthorn deals

    Running between 2018 and 2019, the unit trust scheme was touted as promising lucrative returns for the councils and Land Boards but ran into trouble when the dividends were not paid despite reaching maturity. Investigations by the Non-Bank Financial...

  • Wealth tax debate reignites as BURS targets P48bn

    The tax target for the upcoming financial year is compared to the P42 billion the BURS was charged with collecting in the 2021-2022 financial year. By December, the tax agency had raked in P38.5 billion, setting it on course to reach the...

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