Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • The splitting headache of poor implementation

    Implementation challenges have dogged government for decades, costing the country billions of Pula in direct and opportunity costs, but more importantly denying citizens of services and forestalling their economic aspirations.At its heart, poor...

  • Yields stabilise as gov’t raises P1.3bn debt

    At the November 25 auction, three of the four notes offered by the Bank of Botswana (BoB) to bidders recorded increases in their stop yields of just five basis points or less. However, the yield on the six-month treasury bill rose by 37 basis...

  • Jindal wins race for gov’t’s last 300MW coal contract

    In a recent announcement, the Minerals and Energy ministry confirmed that Jindal had beaten other shortlisted firms, who include Minergy Limited and Sese Power, to a contract which is conservatively estimated at more than $1 billion (P12.9...

  • Nata-Maun road revamp gets P580m boost

    According to an appendix to the draft Transitional National Development Plan, government intends to spend P260 million rebuilding the road in 2023-24 and another P320 million in the 2024-25 financial year.The transitional NDP, which has been tabled...

  • Show us the money, Africa says at COP27

    United Nations Climate Change High-Level Champion's special advisor, Bogolo Kenewendo, reports that at the Sharm El Sheikh, Egypt climate change summit, a trend was seen amongst some of the activists.“There is actually a badge that has been...

  • World Bank to consider P1.9bn loan to gov’t

    The loan will be the second and last in a series which produced the $250 million (P3.2 billion) funding in June 2021, a rare instance of direct budget support from the World Bank to Botswana. Both sets of funding are known as “development policy...

  • Tough choices loom for SADC after CITES

    At the time of writing, Environment and Tourism minister, Philda Kereng and her team would have been wrapping up their debates at the Convention on International Trade on Endangered Species (CITES) and preparing to pack their bags to return...

  • Commissioners want fatal wildlife attack payouts increased to P1million

    The recommendations are contained in the committee’s report scheduled to be debated by Parliament. The report follows a four-month countrywide consultation which involved 132 kgotla meetings, attended by nearly 30,000 attendants.The...

  • Africa vs Africa conflict dominates CITES summit

    Information coming out of the Conference of Parties (CoP), CITES’ (Convention on International Trade in Endangered Species) highest decision-making meeting held every three years, indicates that key proposals being pursued by Botswana and its...

  • Kavango Resources raises P54m for Kalahari exploration

    The deal represents one of the biggest fundraising rounds for the exploration of the remote Kalahari, a relatively unexplored area of the country, hidden under thick sands but believed to contain large amounts of mineral riches, including base metals...

  • Uneasy start for Botswana at CITES

    “We are opposed to this proposal and we feel that there’s no need to waste any more time on this debate because there’s no consensus emerging.”The Senegalese representative at CITES’ Conference of Parties (CoP) taking place until November...

  • Russia debate turns KP’s Gaborone meeting into an all-nighter

    By early morning this past Saturday, the scores of Kimberley Process delegates still holed up at the Gaborone International Convention Centre (GICC) would have been in disbelief at how impossible it can become to agree on a few lines of...

  • Rays of hope emerge for Botswana at CITES

    Rays of hope for Botswana and her elephant range neighbours have emerged ahead of the Convention on International Trade in Endangered Species (CITES) Conference of Parties (CoP) meeting in Panama, where several West African countries are pushing for...

  • Return of offshore pension billions draws closer

    Director of Insurance and Pensions at the Ministry of Finance, Patrinah Masalela told BusinessWeek that while finalisation of the new rules was at an advanced stage, a phased approach would be used in which the minimum percentages to be invested...

  • Four bidders shortlisted for 200MW solar plant

    The plant, which will use lenses or mirrors to focus a large area of sunlight onto a receiver, is due to be operational by 2027 and is the flagship renewable project in government’s Integrated Resources Plan (IRP) for energy development in the...

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