Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Cattle ranchers want more freedom as live exports near P1bn

    The perennial tussle between cattle producers and the Botswana Meat Commission (BMC) revolves generally around the prices offered by the meat parastatal to farmers and the time the Commission takes to settle payments.However, farmers over the years...

  • BoMRA alerts on hepatitis reaction from COVID-19 vaccines

    The local regulatory watchdog was quick to stress that no cases had been reported in Botswana and encouraged healthcare professionals to be vigilant in identifying and treating any signs of the autoimmune hepatitis.“Recently, European Medicines...

  • Ghaghoo Mine sale hits obstacle

    Okwa Diamonds, owned 10% by Botswana Diamonds (BOD) with the balance held by VAST Resources, announced its plans to take over Ghaghoo last August from Gem Diamonds.The operation, which was the country’s first underground diamond mine, was placed...

  • Tricky times ahead for the vaccine hesitant

    Letshego Holdings, the country’s largest microlender employing 148 people across 16 branches in Botswana, has become one of the first companies locally that have requested workers to get vaccinated or stay away from the office.“Letshego has made...

  • No more blood to squeeze from these stones

    Thanks to the increases in various administered prices last April, inflation, or the rate of increase in the prices of goods and services, has been trending at nine-year highs, effectively slapping many commodities out of the hands of...

  • New US COVID-19 vaccine eyes Botswana licensing

    Dubbed “the world’s COVID-19 vaccine” the new vaccine technology was developed by researchers at Texas Children’s Hospital and Baylor College of Medicine led by Drs Maria Elena Bottazzi and Peter Hotez.The new vaccine uses traditional...

  • Tlou Energy starts talks on crypto mining

    Crypto mining is the process by which new cryptocurrencies such as Bitcoin are created and introduced into the global network. The mining involves the installation of powerful and large networks of computers that compete with others globally to solve...

  • Gov't targets P2bn in latest debt funding bid

    The BoB, as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks.At the auctions, the dealers compete to lend to the government by offering the yields they are seeking, with...

  • Botswana secures all 4.7m vaccines purchased

    The 4.7 million doses include two million from Pfizer, 1.35 million from Johnson & Johnson, as well as 500,000 from Moderna. Other suppliers include AstraZeneca, Sinovac and COVAXIN.The purchases began early last year through bilateral arrangements...

  • Richest 1% in Botswana earn 20 times the national average

    The World Inequality Lab’s database released this week features an interesting tool that allows users to gauge where their income lies in their country’s overall picture. According to the tool, to be in the top one percent of income earners in...

  • Will the new cryptocurrency Bill sweeten or sour the industry?

    Mmegi: How feasible is it that the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) would attempt to license companies offering virtual assets such as cryptocurrencies to Batswana, given that in most cases these products are not offered...

  • High Court clears path for Bluthorn creditors

    Justice Michael Leburu tossed out a challenge by B Thorn (Pty) Ltd which opposed liquidator, Kopanang Thekiso’s application to bundle all the companies into a single liquidation and form a pool from which creditors’ claims could be settled. B...

  • New law to force licensing of cryptocurrency traders

    Known as the Virtual Asset Bill, the proposed law was gazetted on December 23 and is one of 16 bills to be tabled before the January 24 emergency sitting of Parliament. Many of the 16 bills are designed to enhance the country’s adherence to the...

  • Top economic events to watch for in 2022

    In many ways, 2022 is pivotal for government and the economy in general. This is the last year of National Development Plan 11 (NDP 11) and also the final year of the P14.5 billion Economic Recovery and Transformation Plan (ERTP). In addition, this...

  • Uncertainty returns to haunt economic recovery

    Diamonds, the country’s single most economically important commodity, are usually the first to hint that the country’s fortunes will go through a testing period. Being intricately linked to international markets such as the United States, China,...

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