Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Fuel Price Shocker

    According to the release: * Retail pump price of unleaded petrol 93 will increase by P1.60 per litre; *Retail pump price of unleaded petrol 95 will increase by P1.65 per litre; *Retail pump price of diesel 50ppm will increase by P1.75 per litre BERA...

  • ‘Sequencing’ the truth about Omicron

    The question of who discovered Omicron is one of high importance in scientific and academic circles. It demonstrates scientific prowess in a particular country, and in an age where countries’ competitiveness is being weighed by how they can monitor...

  • Electric vehicle wave triggers revival of Otse manganese mines

    A year before the now famous discovery of the ‘three shiny stones’ in Motloutse River that eventually led to the explosion of diamond mining activities in the 1970s, a less high profile mineral had been found in the country’s south...

  • Crypto, forex scammers thrive on financial illiteracy

    Rather than raw greed, local authorities believe the increase in victims of cryptocurrency and forex scams is being driven by poor financial literacy in the country.Scammers coast past the country’s existing laws and safeguards by using the...

  • De Beers optimistic despite Omicron threat

    As the country’s most important economic actor, De Beers co-owns Debswana with the Government of Botswana and earnings from the local mines are the principal anchors of national budget revenues and foreign exchange. This year, it is expected that...

  • PFL partners with Green Gem for rural food security

    Hydroponics is a method of growing plants such as vegetables without soil by using water-based solutions. The project is expected to strengthen food security, income-generating opportunities and skills development for remote area dwellers.In...

  • BTCL expects higher profits

    In a statement to investors this week, BTCL directors said the pretax profits due to be reported by December 31, would be higher than last year’s by as much as P24 million. No reason was given for the more optimistic outlook, however the...

  • Mineworkers want protection from future BCL-style collapses

    SELEBI-PHIKWE: As much as reports of the impending reopening of BCL Mine have lifted the mood in the town and ushered in much-needed hope for the thousands of former workers, the positive news has also triggered harsh memories of October 8, 2016,...

  • Phikwe’s 'once- bitten' businesses dream beyond BCL revival

    SELEBI-PHIKWE: Businesses in the once high-flying town have learnt the humbling lesson of depending on a single economic actor for their livelihoods. BCL Mine, directly and indirectly, supported both large and small businesses, with one study from...

  • Mystery over millions meant to bail Phikwe out

    Known as the BCL Sysmin Re-employment Account (REA), the fund was created by a partnership between government and the European Union in 1991. The REA received repayments of loans by BCL and Tati for preferential credit extended by the European Union....

  • BoB wary as Omicron shakes global economies

    When the COVID-19 pandemic first reached Botswana last March, the central bank responded through several interventions, including lowering the prudential capital adequacy ratio for banks, reducing banks’ cost of accessing overnight funding, raising...

  • Wilderness Safaris banks on lessons learnt as Omicron looms

    Derek de la Harpe, Wilderness Holdings’ commercial director, remembers how the business believed it could withstand the impact of the pandemic when COVID-19 first arrived in Botswana last March. While various sectors of the economy knew that...

  • Morupule secures SA deals for new P1.7bn expansion

    Last week, President Mokgweetsi Masisi officially broke ground on the new mine, which will produce 1.4 million tonnes of coal per annum, adding to MCM’s current output of 2.8 million tonnes per annum. MCM, located on the outskirts of Palapye, has...

  • Vaccination requirement for foreign arrivals due soon

    The move is one of the measures to limit the spread of the Omicron variant, first identified by Botswana about a week ago. The variant’s high number of mutations put the world under panic, with many countries imposing flight and travel bans on...

  • High inflation to last longer than forecast

    The central bank made the adjustment earlier today when announcing that the bank rate would be maintained at 3.75 percent. The bank rate is the benchmark rate for all interest rates in the market and any adjustment affects both borrowers and...

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