Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • MDCB proposes two-tier royalty system

    The MDCB is the state minerals investment agency and government’s chief policy advisor for the sector.At present, mineral royalties payable by mines in the country range from three to 10% annually and are levied on the gross market value of...

  • SA counts the costs of veggie import bans

    South African agricultural economists estimate that the value of the country’s vegetable exports to Botswana dropped by 55% in 2022, the first year of the partial horticultural import ban imposed by Gaborone to boost local production.The figures...

  • BoB expects softer inflation despite risks

    The central bank projects that inflation will temporarily trend below three percent, before moving into the three to six percent objective range from the third quarter of the year, into the medium term. Inflation in April is expected to drop to 2.3...

  • Drought dampens the party as P360m pumped into Temo Letlotlo

    The numbers are in and it looks bad for the country’s harvest.After an El Niño-ravaged cropping season in which rains in February dropped to a 40-year low, the country’s farmers are facing a steep fall in harvest.“The country is experiencing...

  • Capital market captain sails to new shores

    Mmegi: Briefly, take us through your career, specifically what led you to choose the capital market as a career choice?Tsheole: In terms of my career, I was originally a sciences student at high school, at Molefi Senior Secondary School, doing pure...

  • BOCRA issues fines for fake phones

    According to the Authority’s annual report released recently, BOCRA conducted inspections on 169 communication retailers around the country and found 55 of them to be non-compliant, selling devices that were substandard, counterfeit or...

  • BoB tests market with P3.5bn debt auction

    The auction of two treasury bills and three bonds was due to take place on Thursday, according to a notice seen on the central bank’s website at press time on Wednesday.At the auction, the BoB, acting as government’s capital market agent and...

  • Stanbic pretax profits up 11%

    According to the full-year results published on the Botswana Stock Exchange, Stanbic’s corporate and investment banking unit recorded pretax profits of P348.6 million, compared to P258.9 million in the prior year, representing a 35%...

  • The audacity to be a unicorn

    Executives at the Minerals Development Company Botswana (MDCB) seem to particularly enjoy the use of graphs. Given that the many of the officials at the state-owned minerals investment firm have backgrounds either in mining or investment, the...

  • Faulty gadgets top complaints to BOCRA

    In its recently released annual report, BOCRA noted that it received a total of 33 complaints escalated from the regulated entities, compared to 27 in the year to March 2022.Of these complaints in 2023, faulty gadgets headed the list, with most of...

  • Gov’t, BoB agree P15bn borrowing for 2024

    According to the borrowing strategy document for 2024–2025 released earlier this week, the central bank will step up its efforts for government in light of the greater funding requirement by the state.By comparison, the BoB was authorised to raise...

  • Coal output drops

    The country’s two coal producers, Morupule Coal Mine and Minergy Limited, hit production peaks in 2022 when Russia’s invasion of Ukraine and subsequent sanctions on Moscow, triggered an energy crisis in Europe and Asia. The two collieries were...

  • Batswana join global search for HIV cure

    After making international headlines for becoming only the second country in the world to achieve the UNAIDS 95-95-95 targets, Botswana could be forgiven for resting on her laurels for a little bit.After all, achieving the targets is a milestone...

  • Mobile money reaches P26bn

    Data made available by the Botswana Communications Regulatory Authority (BOCRA) shows that mobile money subscriptions reached 1.69 million as at March 2023, from 1.66 million in March 2022 and 1.15 million in March 2019.Orange, whose Orange Money...

  • Local BSE firms up P900m in Q1

    According to figures provided by the BSE last week, the share prices of DCI firms gained a net 1.9% between January and March this year, compared to a growth of three percent over the same period last year.The P914 million growth in market value in...

arrow up