Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Stanbic pretax profits up 11%

    According to the full-year results published on the Botswana Stock Exchange, Stanbic’s corporate and investment banking unit recorded pretax profits of P348.6 million, compared to P258.9 million in the prior year, representing a 35%...

  • The audacity to be a unicorn

    Executives at the Minerals Development Company Botswana (MDCB) seem to particularly enjoy the use of graphs. Given that the many of the officials at the state-owned minerals investment firm have backgrounds either in mining or investment, the...

  • Faulty gadgets top complaints to BOCRA

    In its recently released annual report, BOCRA noted that it received a total of 33 complaints escalated from the regulated entities, compared to 27 in the year to March 2022.Of these complaints in 2023, faulty gadgets headed the list, with most of...

  • Gov’t, BoB agree P15bn borrowing for 2024

    According to the borrowing strategy document for 2024–2025 released earlier this week, the central bank will step up its efforts for government in light of the greater funding requirement by the state.By comparison, the BoB was authorised to raise...

  • Coal output drops

    The country’s two coal producers, Morupule Coal Mine and Minergy Limited, hit production peaks in 2022 when Russia’s invasion of Ukraine and subsequent sanctions on Moscow, triggered an energy crisis in Europe and Asia. The two collieries were...

  • Batswana join global search for HIV cure

    After making international headlines for becoming only the second country in the world to achieve the UNAIDS 95-95-95 targets, Botswana could be forgiven for resting on her laurels for a little bit.After all, achieving the targets is a milestone...

  • 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...

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