Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Doubts raised as gov’t fast-tracks power projects

    Although few details have been provided about the review of the IRP, it is understood the fast-tracking of several projects is in line with supporting the country’s energy transition from its current near-total reliance on fossil fuels such as...

  • Gov’t debt burden climbs to P10bn

    The higher bill, insiders say, is due both to government’s deepening credit appetite since COVID-19 arrived and upset the budget, as well as rising interest costs incurred when the local market prices in higher inflation and a sovereign credit...

  • Motsomi takes over at Debswana

    Motsomi takes over from Lynette Armstrong who has been acting in the position since August 2019.“While we were fortunate to have a number of very strong candidates for this important role, the Debswana Board selected Mr. Motsomi as the ideal person...

  • Letshego leads BSE despite internal turbulence

    By last Friday, Letshego’s share price was up 25% for the year, outpacing its peers on the Domestic Companies Index, according to Stockbrokers Botswana data.Second-placed gainer, Standard Chartered Bank Botswana was up 14.8% by comparison, followed...

  • Norsad hunts for renewable opportunities

    Norsad’s Investment Director, Oteng Sebonego told last week’s resources infrastructure and energy forum that the firm was open to proposals around green field developments, companies looking to self-generate their own electricity, those looking...

  • Russia question lingers as KP debates Kasane agenda

    The global diamond industry meets in Kasane on June 20, a keenly awaited event as the world’s biggest producer of precious stones, Russia, continues its military invasion of Ukraine.The Kimberley Process (KP), consisting of 85 countries, diamond...

  • BOL finalises preps for P30bn coal-to-fuel project

    Known as Ikaegeng XTL (coal-to-liquid), the ambitious project aims to tap into the billions of tonnes of coal lying untapped in the country, with technology applied to produce various petroleum products for domestic use.While 11 companies were...

  • Brace for more fuel price pain

    As a nationwide strike by commuter transporters entered its third day on Thursday, the Botswana Energy Regulatory Authority (BERA) warned that the average P1.92 increase in petrol and diesel pump prices effected last week was still below the level...

  • BPC to replace diesel with LNG at Orapa plant

    The corporation’s general manager for generation, Edward Rugoyi told this week’s Botswana Resources Infrastructure Energy Forum that plans for the conversion were in progress.“We are thinking of importing LNG to fuel the 90MW,” he said.While...

  • Khoemacau looks to soar on strong copper prices

    Built at $412 million (P5 billion), Khoemacau Copper Silver Mine is currently the country’s sole producer of the base metal, as efforts are ongoing to resuscitate the BCL Mines and the Mowana operation, now known as Kopano Copper Mine. Khoemacau...

  • BoB expects inflation to average 8% this year

    The depreciation of the pula against the rand is also expected to add pressure on the prices of goods and services this year, the central bank said.The revised average for inflation this year is mainly the result of the higher prices that trended in...

  • Up to 60% of taxpayers dodge dues – BURS

    The BURS study, revealed at a recent media briefing recently, indicates that the tax losses could measure up to five percent of the country’s Gross Domestic Product (GDP), an economic indicator that for 2021 was estimated at just under P200...

  • De Beers separates ‘wheat from chaff’ as Russian diamonds sanctioned

    In line with the rules of ‘commercial diplomacy’ De Beers has visibly been wary of commenting directly on the developments around its chief rival Alrosa, the part-Russian government-owned group hit by sanctions from the West due to the invasion...

  • Debswana places multi-billion pula bet on local

    Debswana’s targets for its Citizen Economic Empowerment Programme (CEEP) are bold. Having started CEEP in 2019, the country’s premier diamond producer plans to reach P20 billion in citizen spend value by 2024 and create 20,000 citizen jobs in the...

  • Economy grew 11.4% in 2021, fastest since 1989

    Figures provided by Statistics Botswana recently indicate that diamonds anchored growth last year, as both resurgent demand for the precious stones and relaxed border movements helped the sector’s performance.“Diamond Traders recorded a massive...

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