Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Uneasy start for Botswana at CITES

    “We are opposed to this proposal and we feel that there’s no need to waste any more time on this debate because there’s no consensus emerging.”The Senegalese representative at CITES’ Conference of Parties (CoP) taking place until November...

  • Russia debate turns KP’s Gaborone meeting into an all-nighter

    By early morning this past Saturday, the scores of Kimberley Process delegates still holed up at the Gaborone International Convention Centre (GICC) would have been in disbelief at how impossible it can become to agree on a few lines of...

  • Rays of hope emerge for Botswana at CITES

    Rays of hope for Botswana and her elephant range neighbours have emerged ahead of the Convention on International Trade in Endangered Species (CITES) Conference of Parties (CoP) meeting in Panama, where several West African countries are pushing for...

  • Return of offshore pension billions draws closer

    Director of Insurance and Pensions at the Ministry of Finance, Patrinah Masalela told BusinessWeek that while finalisation of the new rules was at an advanced stage, a phased approach would be used in which the minimum percentages to be invested...

  • Four bidders shortlisted for 200MW solar plant

    The plant, which will use lenses or mirrors to focus a large area of sunlight onto a receiver, is due to be operational by 2027 and is the flagship renewable project in government’s Integrated Resources Plan (IRP) for energy development in the...

  • New KP Secretariat due in January 2024

    Last Friday at the end of its plenary held in Gaborone, the Kimberley Process, the global anti-conflict diamonds group backed by the United Nations, voted in favour of establishing its secretariat in Botswana.The vote officially confirmed that the...

  • Shady car dealers top CCA culprits’ list

    Mmegi is informed that the Authority, which by law handles the protection of consumer rights, is even now engaged with a handful of cases involving about half a million Pula.The latest data emerged this week as the CCA engaged with the Financial...

  • BPC says load-shedding is over

    Responding to written Mmegi enquiries, BPC spokesperson, Dineo Seleke said internal generation from Morupule A and B amounted to 290 megawatts (MW), while the emergency diesel plants were providing 135MW. In total, the country was generating 425MW...

  • Vehicle population soars past 600,000

    The national vehicle population, as measured and reported by Statistics Botswana, fell marginally in 2020 to 579,789 from 601,190 in 2019, as the pandemic contracted incomes and was accompanied by movement restrictions.As a result, the pace of new...

  • Botswana readies for CITES showdown

    CITES is an international body binding 184 states to agreements on the trade and protection of endangered plants and animals.The upcoming Conference of Parties (CoP) is CITES’ highest decision-making meeting held every three years where countries...

  • Gaborone slowly takes centre stage in global diamond world

    According to official statistics from the Kimberley Process Certification Scheme, in 2021 Botswana was the world’s leading rough diamond producer by value, with output measured at $4.7 billion (P63 billion), comfortably ahead of rivals such as...

  • Afreximbank proposes P20bn economic support package

    Afreximbank president and chair, Benedict Oramah made the announcement on Wednesday while sharing the stage with President Mokgweetsi Masisi during the launch of the Global Expo Botswana.The offer marks the first time the pan-African trade bank could...

  • Load-shedding returns after seven years

    On Thursday, the Botswana Power Corporation (BPC) spent the better part of the morning publishing extensive lists of outages which it said were related to forced outages at “power generation plants” and the shortage of electricity in the region...

  • Botswana emerges as preferred host for KP secretariat

    The Kimberley Process Certification Scheme, known informally as the KP, wraps up its plenary in Gaborone today (Friday) with delegates due to vote on confirming Botswana as the host of the secretariat.On Wednesday, BusinessWeek established that a...

  • Bank profits rise to P1.7bn

    Bank of Botswana figures released recently indicate that the difference between the two periods was higher net interest income and significantly lower provisions for bad or doubtful debts.Commercial banks’ net interest income in the first eight...

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