Business :: Mmegi Online

Thursday, November 30, 2023

The Bank of Botswana (BoB) met its target of raising P1.4 billion in debt for government from the capital market at the most recent auction of notes, with yields falling amidst oversubscription by bidders.

Mbongeni Mguni | 30 November 2023

Finger on the pulse: The BoB is both government's banker and also its principal economic advisor

Under pressure: Producers such as Debswana are hoping higher holiday season demand will clear the glut in the retail market and support a return to stable fundamentals next year

Diamond slump causes P3 billion trade deficit

Diamond exports fell by about 61% in September, causing the country’s trade balance to break a six-month streak of surpluses and slip to a P3.9 billion deficit, Statistics Botswana figures show.

Mbongeni Mguni | 29 November 2023

Chinese firm muscles into local copper

China’s global hunt for copper, a keenly sought-after metal in the energy transition, this week shifted to Botswana as MMG, a Chinese mega-firm with state-owned shareholding, snapped up Khoemacau for $1.88 billion (P25.2 billion).

Pauline Dikuelo | 29 November 2023

Farmers Market disrupts agricultural value chains

Fostering agriculture value chain development and sparking conversations amongst agriculture entrepreneurs is the vision and mission of Lucky Modikone.

Lewanika Timothy | 27 November 2023

Keletsositse Olebile PIC: PHATSIMO KAPENG

Stakeholders embrace #PushaBW

The #PushaBW initiative, launched by the Botswana Investment and Trade Centre (BITC) in 2018, has gained significant momentum, fostering a deeper appreciation for local products and contributing to the expansion of indigenous product lines. The campaign challenges Batswana to shift their mindset, placing greater value on and embracing locally made products.

Pauline Dikuelo | 24 November 2023

Weakening fiscus expected to raise gov't debt appetite

Officials from the Ministry of Finance (MOF) anticipate that limited capital inflows into government coffers will compel the government to seek additional debt from various financial instruments.

Lewanika Timothy | 24 November 2023

Shell Filling Station PIC: MORERI SEJAKGOMO

Shell, Engen merger threatens fuel supply monopoly

The proposed 74% acquisition of Engen Botswana shares by Vivo Energy, a Shell-branded fuel company, is raising red flags amongst authorities due to concerns about competition in Botswana's fuel industry.

Lewanika Timothy | 24 November 2023

Diseko on path to build interior design empire

Local entrepreneur, Same Diseko, has followed her passion for design which was cultivated at a young age. Diseko says she was forced into Design and Technology subject during school days, which later compelled her to pursue interior design as a career.

Pauline Dikuelo | 20 November 2023

COVID-19 forced CEDA to foreclose P175m worth accounts

Government has put in place a suite of measures aimed at mitigating the negative effects of COVID-19 on projects funded by the Citizen Entrepreneurial Development Agency (CEDA), Parliament has been told. Presenting to Parliament recently, the Minister of Entrepreneurship, Karabo Gare said the move followed foreclosures of a number of businesses by the development financial institution.

Pauline Dikuelo | 20 November 2023

Gaining confidence: More firms are confident in the economy going forward PIC: MORERI SEJAKGOMO

Firms more optimistic in Q3, BoB survey finds

Local firms interviewed in the third quarter of the year, were increasingly optimistic about business conditions, despite concerns about tight credit access, the Bank of Botswana's (BoB) latest business confidence survey shows.

Pauline Dikuelo | 17 November 2023

Work starts on developing Sowa Town SEZ

Correspondent | 17 November 2023

Africa Lighthouse aims P500m kitty at renewables

Mbongeni Mguni | 17 November 2023

Inflation slows but food prices stay stubborn

Mbongeni Mguni | 15 November 2023

Digital Thread drives corporate digitalisation

Lewanika Timothy | 15 November 2023

YDF wheels jam as youth fail to repay loans

Pauline Dikuelo | 13 November 2023

De Beers’ sales sink to COVID era lows

Mbongeni Mguni | 10 November 2023

Zoom Club owner passes on

Club tycoon, Steve Raman who owns a popular night club, Zoom situated in Maruapula, has sadly passed away.

Moeladilothoko arrested but yet to be charged

Arrested Moeladilotlhoko yet to be charged

After arresting Tshepo Sethibe popularly known as Moeladilotlhoko, the police have revealed that the man behind the endeared Moeladilotlhoko News Boiler Facebook page is yet to be charged.

Slippery ground: The South African rand has lost significant value in recent years PIC: GETTYIMAGES

What does the USD/Rand foreign exchange manipulation scandal mean for Botswana?

Last week news reports came out that Standard Chartered Bank had agreed a settlement with the Competition Commission of South Africa to pay a fine of ZAR43 million in relation to accusations of foreign exchange manipulation between the years of 2008 and 2017.

Accused: Magang is accused of ruling with an iron fist PIC: PHATSIMO KAPENG

Magang faces revolt

Botswana Volleyball Federation (BVF) president, Tsosi Magang is facing a revolt as she stands accused of ruling with an iron fist. Vice president-beach volleyball, Batsho Ruth Mbangwa, who was voted into office last year, has quit with media relations and marketing officer, Mpho Tlhaselo expected to follow suit. Critics accuse BVF president, Magang of bulldozing the executive committee.

The police will now have to bear the costs of maintaining the house in Phase 2 FILE PIC

Police pay the price for Phase 2 shoot-out

Almost two years since the infamous shooting of 10 robbery suspects at Phase 2 location in Gaborone, the police are now left to pay maintenance costs for the house where the incident took place. According to recently released Government Gazette the police will now have to bear the costs of maintaining the house

Slain Phenyo's distraught mother wants answers

'Ka fa Bakang a le monnye ka teng ga ke dumele a ka dira tiro e botlhoko a sa rumiwa ke ope. O re utlwisitse botlhoko re le lelwapa. Mme fela ke batla go itse ko dirwe tsa ngwanake nne di isiwa teng' [Bakang' is too young age, it's hard to believe he acted alone in orchestrating such a painful and disturbing plot.

The IEC was recently taken by the UDC to the High Court on a certificate of urgency PIC: MORERI SEJAKGOMO

Elections may not be held in 2024 – IEC

FRANCISTOWN: The Independent Electoral Commission (IEC) fears that the general elections that are anticipated to take place in October 2024 may not be held if the Court of Appeal (CoA) does not entertain its urgent application against the Umbrella for Democratic Change (UDC).

Molepolole unrest: Urgent attention on missing person cases

From Jakoba's mysterious disappearance on November 9 to the grim discovery of his remains at Mosinki Lands, a gap in the response mechanisms of the police and village leadership has been laid bare. The community's anger is evident, seen in the attack on Bakang Masole, the man found driving Jakoba's taxi and the main suspect, and the subsequent riot. Residents express discontent, citing a troubling trend of missing persons cases often...

The Monitor Editor | 27 November 2023

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