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Mbongeni Mguni

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About Mbongeni
Mbongeni Mguni is a journalist with 16 years experience in business, economy and financial reporting, with 14 years of these spent at the level of senior reporter and above. I have worked and been published in Zambia, Zimbabwe, South Africa and Botswana with the last having been my home since 2004.

I won the Botswana Business Reporter of the Year Award in 2010, 2011 and 2012 and specialise in capital and debt markets, macro-economy and its various sub-sectors, mining, energy and tourism, medium and micro enterprises as well as rural economy, trade, agriculture and climate change. My emerging interests is in data journalism which is shape reportage of these and other issues, such as climate change, in my part of the world.

My reportage carries a bias towards research, analysis and long-form, although I regularly do short-form hard news and public relations copy. I am based in Gaborone, Botswana and am able to travel throughout the region at short notice.
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Portfolio

Early Botswana Vote Tallies Point to Shock Loss For Ruling Party

31 Oct 2024  |  www.bnnbloomberg.ca
Early election results in Botswana indicate a potential loss of power for the ruling Botswana Democratic Party (BDP), which has governed since 1966. The opposition, led by the Umbrella for Democratic Change and the Botswana Congress Party, has gained significant ground, winning several key parliamentary seats. The BDP's decline in popularity is attributed to an economic downturn linked to the diamond market slump. Final election results are anticipated soon, with implications for the country's leadership and economic strategies.

De Beers pushes for festive season rebound

29 Oct 2024  |  www.mmegi.bw
De Beers is spearheading a festive season marketing campaign to rejuvenate the natural diamond industry, which has been in a slump since last year. The campaign, in collaboration with Signet Jewellers, aims to clear the oversupply of natural diamond jewelry and boost sales during the key retail period between Thanksgiving and the Chinese New Year. De Beers is also focusing on sustainability and the provenance of diamonds, with CEO Al Cook emphasizing the positive impact of their diamonds. The company has revised its production targets and is engaging in strategic partnerships, such as with Tanishq in India, to expand its market reach. The United States remains the largest market for natural diamonds, with India showing significant growth.

Diamond-Rich Botswana Set to Extend Ruling Party’s 58-Year Reign

25 Oct 2024  |  Yahoo Entertainment
Botswana's ruling Botswana Democratic Party, led by President Mokgweetsi Masisi, is expected to extend its 58-year reign in the upcoming elections. Despite economic challenges due to a slump in the diamond market, the party is likely to maintain its majority in parliament. Masisi has highlighted achievements such as a new deal with De Beers and infrastructure projects. Opposition parties criticize the government's economic management and reliance on diamonds but face challenges due to their division. Botswana remains the world's largest producer of rough diamonds, with Debswana, a joint venture between the government and De Beers, playing a significant role.

Air volumes increase as tourism warms up

22 Oct 2024  |  www.mmegi.bw
Air passenger volumes in Botswana increased by 39% in the second quarter, driven by tourism activities. Maun International Airport saw a 66% rise in passenger volumes, while Kasane International Airport experienced an 88.1% increase. Sir Seretse Khama International Airport accounted for the majority of passengers, with 101,742 travelers, despite having fewer aircraft movements compared to Maun Airport. The data, released by Statistics Botswana, highlights the impact of international flights on passenger numbers at SSKIA.

BSE expects new listings

22 Oct 2024  |  www.mmegi.bw
The Botswana Stock Exchange (BSE) anticipates increased activity with at least four companies planning equity listings, marking a potential turnaround since the last IPO in 2017 and listing in 2018. The BSE is making tangible progress in attracting new listings, with some companies undergoing restructuring to become listed entities. The expected timeframe for these listings spans from late 2024 to early 2026, with methods including IPOs. The Tshipidi Mentorship Programme is highlighted as a key initiative, aiding companies in the listing process, with one entity already planning to upgrade to the main board.

IMF throws its two cents into savings debate

17 Oct 2024  |  www.mmegi.bw
The International Monetary Fund (IMF) has published a report advocating for the transformation of Botswana's Pula Fund into a Sovereign Wealth Fund (SWF) to create a financial buffer against economic shocks. The report highlights the need for fiscal discipline and a new fiscal rule to ensure budget surpluses, suggesting a 'financing fund' model for better management. The Bank of Botswana supports these recommendations, emphasizing the need for a reconfiguration of the Pula Fund. The report also notes Botswana's challenges in efficiently utilizing mineral revenues and the importance of political commitment to fiscal prudence. Finance Minister Peggy Serame has indicated ongoing efforts to protect the Pula Fund from frequent withdrawals.

Banking sector key to economic transformation

16 Oct 2024  |  www.mmegi.bw
The banking sector, particularly Stanbic Bank Botswana, is highlighted as crucial for driving private sector-led, export-oriented economic growth in Botswana. CEO Chose Modise emphasizes the need for collaboration among private sector players and a shift from reliance on mining, particularly diamonds, to diversified growth. The government is urged to create an enabling environment for the private sector to lead economic transformation. The focus is on human capital development and fostering innovation and collaboration to address complex challenges and achieve sustainable growth.

Trade deficit persists in Jan

29 Mar 2024  |  www.mmegi.bw
The trade deficit for January continues a negative trend for Botswana's economy, primarily due to underperforming diamond exports. De Beers and other diamond producers are looking to recover in 2023 after a challenging year marked by global economic weaknesses and reputational concerns from the Russia-Ukraine conflict. January saw a drop in diamond exports to P3.3 billion and an increase in imports to P7.6 billion, driven by higher imports of diamonds and vehicles. The annual trade balance for last year slumped to P9.9 billion, compared to a surplus of P2.6 billion in 2022.

Bahamas PM sees ecotourism as game-changer for Botswana

26 Mar 2024  |  www.mmegi.bw
The Bahamas, with a population of over 400,000, has successfully built a robust tourism brand, attracting nine million visitors annually. In an interview with The Monitor, Davis highlighted Botswana's potential to strengthen its national brand by focusing on ecotourism, an industry with growing global appeal.

Gov’t cuts off BERA funding

25 Mar 2024  |  www.mmegi.bw
From September 1 last year, the Botswana Energy Regulatory Authority (BERA) introduced regulatory fees for fuel, electricity, and Liquefied Petroleum Gas (LPG) to cover its costs. Officials acknowledge these fees are ultimately borne by consumers but claim there has been no impact on final prices since their introduction.
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