Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • US firm, BURS seal 10-yr ‘track and trace’ deal

    In a statement earlier today, Authentix said the new contract covers the marking and digital tracking of an estimated 500 million product units per year.The track and trace system involves placing a biometric imprint on all alcohol and tobacco...

  • Propaganda drums beat louder as CITES’ summit nears

    What do Reese Witherspoon and Taylor Swift have to do with the debate around conservation and trophy hunting in Southern Africa?From the early 1970s to the 1990s, Mark and Delia Owens, an American couple, travelled to and lived alone in the...

  • New BoB Act: Inside the Ts and Cs

    In its economic briefing on Wednesday, Mmegi was able to put several questions to Bank of Botswana (BoB)’s senior management on the impact of the sweeping amendments to the Bank of Botswana Act made by Parliament earlier in the week.The amendments...

  • BoB relishes greater autonomy as MPs pass amendments

    The new amendments passed without a single objection by bipartisan legislators, also include tighter restrictions on the conditions under which government can borrow from the BoB.The changes also include improved corporate governance at the central...

  • Clouds hang over govt’s pursuit of PPP billions

    At the recent funders’ conference called by government to test the private sector’s appetite to invest in public infrastructure, Finance Minister Peggy Serame painted a bleak picture of the country’s fiscal future.According to Serame, between...

  • Inflation surges to 12.7% on food, fuel prices

    The rate of inflation in June compares to 11.9% in May, which was similarly a 13-year high.“Applying a significant upward pressure on the annual inflation rate in June 2022 were the increasing prices for the major components in the Consumer Price...

  • BPC losses near P500m as power imports rise

    By comparison, the corporation raked in pretax profits of P365.2 million in the 2021–2022 financial year, helped by improved generation at Morupule B and, thus, a reduced need to run the diesel plants at Orapa and Matshelagabedi which can...

  • Russian ambassador: Don’t blame us for food, fuel price crisis

    Mmegi: Has Russia had any engagement with the Government of Botswana since the operation in Ukraine began, and what has been the response of Government?Kemarskiy: Russia has enjoyed excellent relations with Botswana since the establishment of...

  • Abusive nonsense: Alrosa chief’s explosive Kasane speech

    With tensions rising in the tourist town, Alrosa head of International Relations, Petr Karakchiev, apparently delivered a hard-hitting speech riddled with words such as “idiots”, “nonsense” and sarcastic jabs at “profound experts” and...

  • Covid stain remains on economy despite rebound

    Real Gross Domestic Product (GDP) increased by seven percent year-on-year in the first quarter of the year, compared to one percent over the same period last year, according to data released recently by Statistics Botswana.The growth came after a...

  • Pula tanks to record lows against the dollar

    Bank of Botswana indicates that the pula began the week at USD/P12.67, before dropping further to USD/P12.77 on Tuesday and then recovering marginally to USD/P12.72 by Wednesday press time. The pula began the year at P11.79 against the dollar, having...

  • Unsecured household debt worries FSC

    The Financial Stability Council (FSC), made up of the Bank of Botswana, Non-Bank Financial Institutions Regulatory Authority, Financial Intelligence Agency and the Finance Ministry, revealed the findings in its latest report covering the year to...

  • Déjà vu for Letshego as old troubles resurface

    For the first three and half months of this year, Letshego Holdings was the Botswana Stock Exchange (BSE)’s biggest gainer, its share price putting on an incredible 40 thebe, or about 29%. Besides rosy earnings in recent financial periods, the...

  • Winter of discontent ebbs as COVID-19 cases fall

    Experts in the Ministry of Health believe the country has seen the worst of the fifth wave of COVID-19, which manifested in late May causing cases to exponentially rise in recent weeks.In the week from 19 to June 25, the country recorded 2,351 cases,...

  • Botswana Oil sets up Moz, Namibia fuel depots

    According to the deputy permanent secretary in the Minerals and Energy ministry, Nchena Mothebe, while the country’s existing strategic facilities can carry the national demand for 15 days without additional supply, the facilities due in Mozambique...

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