Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Tax incentives threatened as global deal nears

    Experts at the African Tax Administration Forum (ATAF) acknowledge how unbalanced the entire situation appears. For a continent that has perpetually been an after-thought to the initiatives from global powers, the latest initiatives around global...

  • Police bust Gabane fake currency gang

    The gang is believed to be responsible for a surge in fake notes this year, where the Bank picked a staggering 3,214 counterfeits between January and June, compared to 917 for whole of last year. The most affected currency is the P200 notes. "In...

  • Govt doubles Jindal’s 300MW contract

    As an IPP, Jindal will carry the costs of building the power station, running and maintaining it, while selling the power to the Botswana Power Corporation (BPC) under an agreement known formally as a Power Purchase Agreement (PPA).The PPA for the...

  • Mphathi exits PNR Botswana

    In a statement on Friday, PNRB said Mphathi’s departure was part of organisational changes to the executive management team.Beginning three years ago, with Mphathi at its helm, PNRB took over the Selebi and Selebi North shafts which represent two...

  • IMF expects weaker growth due to diamond output drop

    An IMF team, led by Luc Eyraud, division chief in the IMF African Department, visited Gaborone between July 4 and 14 and held discussions with various monetary and fiscal authorities.In a statement made available after the visit, Eyraud said the...

  • One-third of consumers worry about loan default

    TransUnion and its research partner, Dynata, surveyed 401 adults residing in Botswana between May 5 and 22 using an online research panel method across a combination of desktop, mobile and tablet devices.To increase representativeness across...

  • Lucara updates Karowe underground budget to P9bn

    In an update this week, the company said several technical challenges were behind the updated capital costs and production timelines, which had also impacted revenue forecasts over the period.Karowe, situated near Letlhakane, has become world-famous...

  • IMF expects weaker growth due to diamond output drop

    An IMF team, led by Luc Eyraud, division chief in the IMF African Department, visited Gaborone between July 4 and 14 and held discussions with various monetary and fiscal authorities.In a statement made available after the visit, Eyraud said the...

  • DTCB hosts US mega investors

    Delegates in the group included chief investment officers and other decision makers from institutional investors such as Bank of America Securities ($1.5 trillion in assets under management), Mercer ($380 billion) New York City Board of Education...

  • AfDB breathes life into mega-solar project

    The continental bank’s board approved a $7.88 million grant (P105 million) to the Africa Energy Transition Catalyst (AETC) programme, which aims to increase renewable energy generation across the continent.“The AETC programme sets out to conduct...

  • Gov’t moves to end live cattle exports

    Assistant Agriculture minister, Molebatsi Molebatsi, recently said farmers would be restricted to exporting two live cattle each between July and October, then one each between then and December, when the exports would end.“Previously when the...

  • DTCB closes in on first non-Debswana deal

    Established in 2006, DTCB has been limited to only sorting and valuing stones from Debswana, before selling these to De Beers and the state-owned Okavango Diamond Company.In the years since its establishment, DTCB’s operating position has tightened...

  • Deal done, focus shifts to hard graft at ODC

    State-owned diamond trader, the Okavango Diamond Company (ODC), recently saw the weight of its responsibilities transform from independently selling a percentage of Debswana’s production, to carrying the collective aspirations of the country for...

  • Inflation drops to 26-month low

    Figures published by Statistics Botswana yesterday indicate that the cost of living continues to decline in line with forecasts by the Bank of Botswana and other analysts. This year, inflation has moved from a peak of 9.9 % in March, to its low of...

  • Electricity output up 40% in Q1

    Figures released by Statistics Botswana recently indicate that national electricity production reached 890,655-megawatt hours (MWh) in the first three months of the year, compared to 638,501MWh over the corresponding period last year.The country...

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