Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • How Orange took the market lead

    Mmegi: Orange Botswana’s rise to market leadership, now holding a 43% market share, is a landmark achievement. Take us through the path of how you got there and what it took?Maïga: The strategy is built with our staff and the starting point was...

  • Bank profits head for new record

    Banking is amongst the country’s most profitable sectors, with local banks’ collective profits breaking historic records in two of the three years since the pandemic year of 2020. Banks’ profits have defied downturns such as COVID-19, with...

  • Giyani secures Kanye manganese mining licence

    In a statement to regulators earlier, Giyani directors said the licence’s award would support production of battery-grade manganese at a demo plant in Johannesburg from the fourth quarter of the year.“The product from the demo plant will be used...

  • Gov't reserves break losing streak

    The central bank’s latest figures indicate that the GIA in July was at its strongest position since March when it was estimated at P7.2 billion.While the Bank of Botswana statistical report did not give reasons for the improved GIA performance in...

  • Bifm assets under management rise to P48.2bn

    The assets under management as at June 30 include P6.8 billion from Bifm’s Zambian operations and P2.6 billion from BIFM Unit Trusts. In a statement released after the asset manager’s recent interims, Bifm officials said operating profits for the...

  • BBS Bank turns first profit

    BBS Bank, the country’s sole indigenous commercial bank, is expected to unveil its interim results no later than September 27. In a cautionary to investors this week, BBS Bank directors said the pretax profits for the half year to June 2024 were...

  • Relief beckons in upcoming rain season

    All indications are that after the disastrous “Hell Nino” of 2023-24, farmers and the nation at large will breathe a sigh of relief in the upcoming cropping season.Regional meteorologists put their heads together in Harare recently for their...

  • The trek towards an export-led economy

    Evolving into a diversified export-led economy is top of the government’s transformational agenda, holding the promise of the sustainable, diversified and knowledge-driven growth required to reach the high income status dream.It’s the path that...

  • The bigger impact of the big stone

    The natural wonderment and rarity associated with diamonds was on full display last week as the entire world stopped to applaud the discovery of a mammoth 2,492 carat stone found in the sands of the Boteti sub-district.Uncovered by the efforts of...

  • Govt agrees to protect a portion of the Pula Fund

    “There’s a process ongoing and I’m going to ask that I develop a law where we will look at the Pula Fund and see whether it is in right state as a sovereign wealth fund and if it’s not, then we will ask that we ringfence some of that money...

  • Al Nur wins BSE challenge

    Al Nur notched up the highest average realised gains in the 13 weeks of trade on the simulator, pipping Lobatse Senior Secondary School, and third-placed Regent Hill International Secondary School. The competition, sponsored by Stanbic Bank Botswana,...

  • Elon Musk's Starlink gets local licence

    The development follows months of speculation over Starlink's application and assessments done by the Botswana Communications Regulatory Authority.In May, President Mokgweetsi Masisi met with Starlink executives in Dallas, USA, and later...

  • Local firms race to plug Southern Africa’s looming gas shortage

    Gabaake Gabaake, executive director at Tlou Energy and minerals sector veteran, calls natural gas “probably one of the most widely used substances in industry”. The gas, in its various forms, powers everything from electricity generation to...

  • El-Niño adds P1.3bn blow to budget woes

    In June, President Mokgweetsi Masisi declared an “extreme agricultural drought” noting that 16,000 livestock deaths had been recorded countrywide over the summer, while cereal production dropped to just six percent of national demand.The dry...

  • Botala’s Leupane secures key approvals

    Besides the solar and gas plants, also approved in the environmental licence are supportive batteries for energy storage, gas generators or turbines to provide baseload electricity, and transformers to connect to the national grid.The approval also...

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