Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Banks slapped with fines for dirty money loopholes

    Last year’s fines are more than six times what the BoB handed out to banks for non-compliance in 2021, trend analysis by BusinessWeek indicates. According to the central bank’s Banking Supervision Report (BSR) for 2022 released on Wednesday, five...

  • The disrupter disrupted: HB Antwerp’s reality check

    As a result this saw the firm falling behind in payments to Lucara and led to the recent shock termination of a 10-year deal between the two, Mmegi can reveal.Highly placed insiders who witnessed the final days of a deal hailed as an industry...

  • Airlink muscles further into local market

    BusinessWeek has learnt that Botswana is amongst one of the priorities for Airlink, which over the years has built a formidable presence in the region’s skies. Airlink has up to 50 return flights a week to Gaborone, Maun and Kasane, a stiff...

  • Wilderness secures ‘green’ loan

    Known as “principle-aligned nature conservation financing” the loan sealed between Standard Bank and Wilderness represents a first for the African market.Standard Bank head of Corporate Financing Solutions in the Corporate and Investment Banking...

  • PNR expects 2026 start date for BCL

    In an update to investors last week, PNRL directors said construction of a new mill for the Selebi shaft would begin in the third quarter of 2025, with commissioning of the mill and operations kicking off in the last quarter of 2026.Between now and...

  • Cream and the crop: The dairy question

    Dairy sector veteran, Dr Wame Boitumelo, who is also a well-published scholar on the industry, remembers a simpler and better time for the country.“Five or six decades ago, in fact before Independence, we were a net exporter of milk products in the...

  • Serame tests appetite for hard currency bond

    Governments float foreign currency bonds in order to raise debt from global investors. Foreign currency bonds give governments protection against inflation and – for countries with high sovereign credit ratings such as Botswana – can represent...

  • De Beers suspends online auctions as sales sink deeper

    De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.The balance is sold via auction to more than 900...

  • Uproar as Botswana Oil takes over fuel imports

    BOL, the state oil company, has been angling for a dedicated quota for years, under which it would exclusively import most of the 1.2 billion litres of fuel consumed in the country every year, and resell this to retailers such as Engen, Total, Puma,...

  • Mobile money usage explodes

    In its Financial Access Survey released last Tuesday, the IMF said the number of mobile money accounts per 1,000 adults had grown from 1,115 in 2017 to 2,973 in 2022.The growth in mobile money usage is also clear in the value of mobile money...

  • BMWU appeals Khoemacau judgement

    The Union and mine management differed over a formula to be used for overtime at the mine.The BMWU had argued that the monthly calculation of how much overtime shift workers are entitled to, should be based on average working hours over two weeks and...

  • Absa lists BSE’s first green bond programme

    The development is a triumph for the BSE, which has been advocating for sustainability issuances and last year offered a 25% discount on listing fees for issuers.By listing its note programme, Absa Bank Botswana is now in a position to regularly...

  • Greedy contractors inundated ministry’s headquarters – Molale

    Transport and Public Works minister, Eric Molale said while the evaluators were hidden away, greedy contractors inundated the ministry’s headquarters hunting for their whereabouts.“We holed them up at some place outside Gaborone for three weeks...

  • BTCL ropes in Pheko

    Pheko, who has been a non-executive director at BTCL since 2018, was appointed interim chair last Tuesday to replace Boakgomo-Ntakhwana.Pheko was the founding CEO of the Botswana Communications Regulatory Authority (BOCRA), having led its...

  • Lucara execs leave, HB founder returns

    The development comes five days after Lucara's new CEO, William Lamb, announced the termination of the miner's 10 year agreement with HB Antwerp under which the Belgian firm buys, polishes and sells Lucara's rough diamonds.In yet another...

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