Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • BIHL leverages data, AI

    According to the group’s 2022 annual report released last week, BIHL views data as “the new oil” and insurers have reservoirs of assets that can be turned into business value that will affect the bottom line.A trend research report by the group...

  • ODC seals deal to add sparkle to diamonds

    Rapaport’s RapNet trading platform boasts daily listings of 1.6 million valued at over $7.4 billion (P101bn), with 16,000 members in 97 countries. Rapaport also publishes the Rapaport Price List, the diamond industry’s standard for the pricing of...

  • De Beers opens Tracr to broader industry

    Tracr, a blockchain-powered tech platform providing for the traceability of De Beers’ diamonds from mine to shelf, was initially launched in 2018, before being expanded to scale last May, as Western nations imposed sanctions and other restrictions...

  • Eyes on diamond talks as Vegas show kicks off

    Both De Beers and government, whose five-year-long talks for a new sales agreement are set to elapse on June 30, have sent high-powered delegations to the US desert city.Since the current agreement elapsed in September 2020, both sides have agreed on...

  • Seven heads of state for US, Africa Business Summit

    The Corporate Council on Africa made the announcement in a statement this evening.The upcoming Summit is also expected to attract more than 1,000 business leaders to Gaborone, providing a unique platform for the country to position itself for trade...

  • BSE uptrend continues

    Statistics from Stockbrokers Botswana indicate that in the first five months of the year, the charge was led by Standard Chartered whose share price rose 41.1% during the period, followed by Chobe Holdings, Absa, and Cresta.Standard Chartered has...

  • Cyber attacks hit parastatals

    A phishing attack occurs when cyber criminals send fraudulent, but genuine looking communications that appear to come from a reputable source. In many instances, the cyber criminals also set up a website that at first glance looks like the reputable...

  • Suitors circle as Khoemacau goes on sale

    “A comprehensive and global process will be conducted to seek a capable and responsible buyer for Khoemacau,” a company representative said in a statement. “If it transpires, this potential change of ownership, is expected to bring significant...

  • Spar purchases Kgale Shopping Centre from Kirbys

    The Competition and Consumer Authority is assessing Tsetseng’s bid to purchase the shopping complex and as yet, no value for the proposed transaction has been publicly disclosed.According to the Authority, Tsetseng’s shareholders are Kevin Peter...

  • New De Beers’ CEO plans downstream partnership with Botswana

    Sharing his list of priorities as the new CEO in his first meeting with local media recently, Al Cook spoke about a plan he said Batswana would “be hearing a lot more about”.“It is about how we expand along the value chain towards retail,...

  • Inflation seen slowing further

    Estimates provided last week by asset management consultancy, Kgori Capital, suggest a cooling of inflation from its previous highs in the coming months. Kgori Capital investment analyst, Kitso Mokhurutshe told Monitor Business that the expected...

  • Homegrown AI seeks solutions to local challenges

    While it has been around for a long while, Artificial Intelligence (AI) is dominating public discourse in technology globally, as the roaring success of ChatGPT and its subsequent updates have shown the world-changing potential of the computer...

  • HB, gov’t equity deal signing ‘imminent’

    Speaking at the launch of HB’s local subsidiary in late March, President Mokgweetsi Masisi announced that government had decided to take up equity in HB Antwerp and provide the firm with a portion of the Okavango Diamond Company's (ODC) rough...

  • First production emerges from newest copper mine

    Motheo joins Khoemacau as the only operating mines on the Kalahari Copperbelt, the 1,000-kilometre swathe running southwest to northeast, which is known to contain millions of tonnes of copper and silver resources, but whose heavy sands and poor...

  • 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...

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