Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • The politics of weaning Africa off coal

    “Someone came to me and said renewable energy will create 330,000 jobs in South Africa and I said give me the formula looking at the 90,000 jobs we have in coal.“I have not found that formula.“I grew up in the Eastern Cape and I recently took a...

  • From waiter to MD: Lempheditse Odumetse's rise

    Mmegi: Please give a brief outline of your career path leading to your current positionOdumetse: Having completed my high schooling in 1996, I was employed at The Duck Inn, a famous bar and restaurant in Maun, as a waiter/barman. In 1999 The Duck Inn...

  • Rising prices anchor local base metal bounce-back

    Copper and nickel production is set to resume in the country, six years after all the country’s mines closed. Investors are leveraging on stronger base metal prices to finalise acquisitions of suspended operations and fast-track new mines.A...

  • BSE rises 1.8% in February

    As at Wednesday, the DCI was up 2.5% for the year, with performance led by counters such as Letshego which has gained 21% since the beginning of the year.Other counters driving the DCI this year include RDC Properties, Letlole la Rona and First...

  • BoB to overhaul interest regime

    Central bank governor, Moses Pelaelo announced the reforms on Wednesday, saying industry consultations would begin 'henceforth' with the reforms due to take effect in the first half of the year.The bank rate anchors all other interest rates...

  • The monkey on the back of govt's "best laid' fiscal plans

    In his response to the 2022 Budget Speech this week, former Finance Minister, Thapelo Matsheka, took legislators down memory lane, recalling how the Budget Speech of 1997 spoke to the themes of tighter public finance management as a tool for more...

  • Reaching for the sky: Major solar projects finally kick off

    Local clean energy firm, Sustainable Energy Botswana, calls it “letting the sun do the work,” a reference to the potential solar power has in transforming the country’s electricity mix from its current finite fossil fuel base, to a more...

  • Fuel prices push inflation to 13-year high

    However, the level of inflation in December did not include an increase in fuel pump prices, which were raised by as much as P1.75 on December 20. Pump prices were raised five times in 2021, pushing inflation to nine-year highs by June.The latest...

  • Absa sees local growth reaching 12.5%

    Should Absa’s expectations be realised, the 12.5% growth will be the highest the country has recorded since 1989 when the economy expanded by 13.1%.In a recent research note, the bank’s analysts attributed their estimates to a strong rebound...

  • Gov't moves closer to sealing African trade deal

    Botswana is one of 13 countries left on the continent that are yet to ratify the AfCFTA deal sealed by countries on the continent in 2018 in Rwanda. While Botswana signed the text of the 2018 agreement together with the majority of the continent, the...

  • Phikwe dares to dream again as billions pledged in BCL deal

    Last week, the High Court approved the takeover of certain key assets from the copper and nickel mine by Premium Nickel Resources Botswana (PNRB), a firm headed by former BCL boss, Montwedi Mphathi. PNRB is wholly owned by Premium Nickel Resources, a...

  • Choppies expects higher profits

    In a notice to investors this week, directors said this percentage translates to pretax profits of as much as P139 million for the half year to December 2021, compared to P88 million for the previous corresponding period.After-tax profits for both...

  • Fuel prices push inflation to 13-year high

    Inflation, which is the rate of increase in the prices of goods and services, was recorded at 8.7% in December 2021.However, the level of inflation in December did not include an increase in fuel pump prices, which were raised by as much as P1.75 on...

  • ODC optimistic over 2022 outlook

    Last week, BusinessWeek revealed that ODC sold $963 million (P11.1 billion) worth of rough diamonds in 2021, up 367% from 2020 and representing an all-time high for the 10-year-old company. Debswana sells 25% of its production to ODC and the balance...

  • Finance ministry eyes balanced budget next year

    The country has been running annual deficits in its budget since the 2016 -2017 financial year, with the shortfall peaking at P16.4 billion in 2020-2021, worsened by expenditure on the COVID-19 response. The situation over the years has drained...

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