Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Escaping the collapse of a pyramid

    Sandra Modise* counts herself among the lucky ones, who smelt something fishy and dropped out of the latest “investment scheme” to leave many Batswana in tears. The Ecoplexus investment scheme, now widely acknowledged as a cleverly designed...

  • Botswana bounces back as Africa’s top mining address

    Released last week, the survey captures the views of 180 mining executives around the world who rank jurisdictions – including regions and countries – according to policy areas which collectively determine the attractiveness of setting up and...

  • Consumer Authority opens police case against Ecoplexus

    The Authority’s spokesperson, Gladys Ramadi, told Mmegi that the latest developments followed a preliminary investigation into the collapsed investment scheme.“It should be noted that the Authority can only investigate the civil part of the...

  • BPC sees power cuts easing by Thursday

    Units at the 600MW Morupule B and the 120MW Morupule A tripped after midnight on Sunday and the Corporation is still investigating what it suspects to have been an issue on the Phokoje-Matimba transmission line. At the time of the fault, the two...

  • Debswana revenues reach P14bn in Q1

    The country’s main economic actor sold P56.6 billion in 2022, an all-time high and a boost for budget revenues which have suffered deficits that pre-date the pandemic.Debswana sells 75% of its production through the De Beers’ ecosystem and the...

  • The ins and outs of Collective Investment Undertakings

    Mmegi: May you provide a brief overview of Collective Investment Undertakings (CIUs) Act and its purpose?White: The CIU Act dates back to an old piece of legislation that was promulgated in the early 1990s and subsequently repealed in 2012. However,...

  • Food prices remain stubborn while dreaded El Nino nears

    Since hitting a 14-year high last August, inflation has declined over the months, dropping back to single digits in January, the first time it had done so since April 2022.Many consumers, however, have argued that the drop in the inflation figures...

  • Optimism improves amongst local firms but concerns persist

    The views are contained in the latest edition of the Bank of Botswana’s (BoB) Business Expectations Survey (BES) released on Tuesday.The BES is conducted quarterly amongst a sample of firms representing most economic sectors and comprises...

  • De Beers rallies local banks to support the midstream

    De Beers’ executives recently held a diamond masterclass attended by high level officials from the country’s commercial banks, in an effort to sensitise them about the industry and the role played by financiers in better positioning Botswana...

  • Growing the seeds of innovation

    As the world gathered in Gaborone for the Forbes Under 30 Summit this week, much of the formal and informal conversations were around how to boost the country’s entrepreneurial prowess, one of the elusive ingredients needed for broad, citizen-based...

  • Learning the lessons from the Lesedi la Rona sabotage

    In June 2016, Lucara Diamond Corp’s 1,109-carat Lesedi la Rona, the largest diamond recovered in a century and the pride of the country, failed to sell at widely livestreamed auction.The story around the stone began when the giant stone was pulled...

  • VC fund hunts for $75m in start-up opportunities

    Local start-ups have perennially cited funding as one of their major challenges, a barrier that suppresses the innovation of Batswana entrepreneurs, as well as citizens’ ability to design solutions for local challenges.Launch Africa fund manager,...

  • Mobile money users grow by 10%

    Mobile money services in Botswana include Smega by BTC, Orange Money by Orange Botswana, MyZaka by Mascom, and Poso Money by BotswanaPost. Figures shared by Statistics Botswana this week indicate that by December, the country had 1.8 million mobile...

  • BoB expects temporary drop in inflation

    The central bank has a medium term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country. However, inflation was last within the objective range in April 2021, as the...

  • Lerala’s ‘lost’ diamonds go on sale

    Information uncovered by BusinessWeek indicates that Hennig has been receiving registrations for the tender of the rough diamonds scheduled for April 27 to 30 in Dubai. A similar tender process will be held in Antwerp between May 4 and 10.“Original...

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