Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Inflation slows but food prices stay stubborn

    In the 12 months to October, food inflation was measured at 6.5 percent down from 7.7 percent in September, representing the highest price increase for specific goods and services.According to figures released by Statistics Botswana on Wednesday, the...

  • Grit lost P47m in Letlole exit

    Grit sold its 70.3 million shares, which represented 25.1% equity in Letlole, in four open market transactions on the Botswana Stock Exchange (BSE) between January and June. Each of the four transactions squeezed LLR’s share price down, from P3.48...

  • De Beers’ sales sink to COVID era lows

    De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.“Macro-economic challenges continue to affect the...

  • Gov't engages banks to help citizens enter mining, energy

    On Wednesday, the minister told state television that government’s discussions with the banks were on issues such as risk, which have in the past prevented citizen entrepreneurs from accessing finance for capital-expansive sectors such as mining...

  • Deep impact in the wilderness

    The homegrown group celebrated its 40th anniversary recently, sharing the journey of its impact over the decades.Where others saw a patch of remote savannah, Wilderness’ pioneers were able to spot potential, building value for the company, the...

  • Infrastructure tops Masisi’s SONA promises

    Funding for design work and other studies for the three new intersections are included in the Transitional National Development Plan (TNDP), which contains P64 billion in spending plans up to March 2025.The new interchanges will leave the University...

  • Govt forges ahead with HB deal

    The deal was shrouded in doubt last month after Lucara terminated its own 10-year agreement with HB, citing “material breaches of financial commitments”. Prior to that, the Belgian diamond trader was shaken after one of its co-founding partners...

  • US keen to renew AGOA but utilisation worries persist

    The African Growth and Opportunities Act, more commonly known as AGOA, is a trade arrangement between the US and more than 30 sub-Saharan African countries, including Botswana. The agreement was established in 2000 and provides relaxed access to the...

  • Poor project implementation: Has gov’t finally found the cure?

    Transport and Public Works minister, Eric Molale, is confident that the answer to the government’s long-running project implementation woes has arrived. The veteran civil servant has more than four decades in the public service, climbing the ranks...

  • Debswana sales slow down

    The nine month figures for this year are however still considerably higher than comparative figures before 2022, reflecting the generally stronger sales enjoyed by rough diamonds since last year.However, on a quarterly basis, the third quarter sales...

  • Botswana’s first Astrophysics PhD: Ntwaetsile reaches for the stars

    Mmegi: Kindly provide your brief background, where you are from, your primary and secondary education, how you made your choice of study at tertiary and what that choice was?Ntwaetsile: I am Dr Kushatha Ntwaetsile, a Computer Scientist turned...

  • Zambian firm to list $500m debt note on BSE

    On Monday when opening the Botswana Bond Market Association's (BBMA) roundtable, BSE CEO Thapelo Tsheole said similar requests were coming in from around the region at different levels of advancement.“One of the things that we are seeing,...

  • Pelaelo: End of an era for a reformist

    As he left the top office on October 21, Pelaelo could be reasonably pleased that his seven-year tenure opened and closed with benign inflation levels. And if inflation control was the only item on the former governor’s job description, Pelaelo...

  • Botswana Oil makes its weight felt

    The policymakers behind the recent statutory notice giving Botswana Oil (BOL) the exclusive right to import 90% of the country’s fuel, were evidently not interested in half-measures, or half-stepping.From April 1 next year under the 90% “import...

  • Moroka steps down as Absa chair

    A statement from the bank says Moroka, who is also De Beers Botswana CEO, will leave on October 31. He will also be exiting as a independent non-executive director of the bank.Moroka joined the Absa Botswana board in July 2021.He will be replaced as...

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