Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Minergy eyes rebound despite market tightness

    Mmegi: What is the situation with Minergy at the moment in terms of operations?Bagopi: Operations have restarted. As you know we took the decision to part with the former mining contractor in September last year and it took a bit of time to get the...

  • From the desert to the sea: Bahamas, Botswana unite in climate vulnerability

    The two countries could not be more far removed from each. One is an expansive nation of 3,000 islands in the Atlantic Ocean, while the other is a semi-arid, landlocked country covered 70% by desert.And yet both countries are amongst nations most...

  • Stanbic commits P2.25m to CEEP

    In a statement, the bank noted that it had signed a Memorandum of Understanding with the BCM to help drive sustainable economic growth and development.The partnership has a particular focus on advancing the economic pillar through value chain...

  • BOL declares readiness to take over fuel imports

    From April 1, BOL will import 90% of the country’s fuel imports and on-sell this to the existing multinational oil companies that are operating in the country and have previously imported for themselves. Citizen companies will have the right to...

  • BR seeks private sector for passenger train service

    According to a public notice this week, the rail utility is seeking service providers who can collaborate or partner in passenger rail services provision. The expressions of interest are reserved for citizen-owned companies.“Expression of Interest...

  • Trade deficit persists in Jan

    The trade deficit for January, which represents the difference between the country’s exports and imports, is the latest in a series of negative figures for the economy which stretch back to September last year when diamonds began...

  • MMG wraps up Khoemacau deal

    In a statement on Monday, MMG’s interim CEO and executive director, Li Liangang, said the completion became effective on March 2022 after the finalisation of all conditions agreed to with former owners, Cuprous Capital Ltd.He said the acquisition...

  • Bahamas PM sees ecotourism as game-changer for Botswana

    The Bahamas, with a population of just over 400,000 people, has been able to build itself up into a robust, globally known brand around its tourism, with at least nine million visitors flocking annually to its pristine beaches and tourism...

  • Okavango Community Trust finalises Delta chalets

    The OCT, which covers Seronga, Gunotsoga, Eretsha, Beetsha and Gudigwa, holds the rights to two concessions, NG22 and NG23, making its revenues from sub-leasing these to photographic tourism investors.No longer content with sitting on the sidelines,...

  • Gov’t bond issuance ceiling raised to P55bn

    Government’s bond programme, also known as the domestic note issuance programme, allows the Bank of Botswana (BoB) to raise debt from the local capital market on behalf of government, through the issuance of treasury bills and bonds. In September...

  • UK showdown exposes urgent need for CBNRM law

    CBNRM is a conservation-based development approach that recognises that natural resources coexist with people who rely on them for their subsistence.A CBNRM Act would have been a powerful tool in the arguments presented by the communities who spent...

  • Botala Energy plans solar manufacturing

    In a commentary accompanying recent interim results, Botala directors said the firm had secured a Special Economic Zone (SEZ) licence for the plant on its existing Leupane Energy Hub and Industrial Park being developed in Serowe.They said the SEZ...

  • Wilderness confirms P1m deals at inaugural Suppliers’ Expo

    At least 110 local suppliers offering a variety of products and services gathered at Wilderness’ offices in Maun, where the tourism group also had other partners such as government departments, parastatals and banks present to guide the citizen...

  • Bank profits reach yet another historic high

    Figures made available by the Bank of Botswana (BoB) show that local commercial bank’s continued to enjoy the post-COVID rebound first seen in 2021 when their collective after-tax profits were more than P100 million above the pre-pandemic year of...

  • Showdown over hunting reaches Westminster

    A statement seen by Mmegi this week and endorsed by the High Commissioners of five regional countries to the United Kingdom, called on British lawmakers to consider the importance of hunting proceeds to conservation and communities.After the defeat...

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