Mmegi

From Oman with love

Joint effort: Boko hailed the groundbreaking as an example of closing the gap between intent and execution
Joint effort: Boko hailed the groundbreaking as an example of closing the gap between intent and execution

With the president of Oman’s $53 billion sovereign wealth fund in the audience on Thursday, President Duma Boko celebrated a major economic win and spoke of sleepless nights, hard travail in clinching the massive energy deal. He also berated ‘naysayers, doomwatchers’. MBONGENI MGUNI writes

President Duma Boko was in his trademark emphatic element on Thursday, launching the groundbreaking of the country’s largest renewable energy project which comes with the first utility scale Battery Energy Storage System (BESS).

That the mammoth 500-megawatt project and associated BESS has moved from preliminary discussions in October 2025, to groundbreaking on site in April, is not just breakneck speed of delivery, but a feather in the cap for Boko who has set aside his administration’s second year in office for “execution” and the removal of bottlenecks towards that.

Editor's Comment
Borrowers need room to breathe

“Every time you borrow money, you are robbing from your future self”-Nathan.W.MorrisBank of Botswana’s latest supervision report shows loans placed on a watch list for potential repayment problems rising to P5.5 billion. These loans have not necessarily defaulted, which means there is still an opportunity to address the weaknesses. Meanwhile, loans already in arrears have reached P5.2 billion. For households, this pressure can mean...

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