A noble and dedicated candidate who also served as a member of the Association of Chartered Certified Accountants (ACCA) panel in Botswana. He has served with enthusiasms and integrity over the past 10 years in an audit and accounting environment. His accounting experience includes public and private sector and diverse industries, including non-profit NGOS. Driven by passion after achieving all the required experience, He formed Mamlathan & Associates and became the managing partner of this Audit Tax & Advisory firm as well as Whiteprint (PTY)LTD on the accounting side.

Over the years, he has shared his knowledge in different platforms encouraging, guiding and mentoring students, affiliates and members in their Association of Chartered Certified Accountants (ACCA) journey and also served as an ACCA advocate. His journey began in 2013 when he got his Association of Chartered Certified Accountant (ACCA) qualification and started one of the fast-growing firm in2014, located in Botswana. It is focusing on consultation, audit as well as tax and advisory.

As Association of Chartered Certified Accountant (ACCA) member he embraced several business opportunities as a Practicing partner and would like to contribute in the Global Strategy and Governance of ACCA. He is standing proudly as ACCA Fellow Member and would like to make all members proud of their ACCA membership as a Global Dynamic Accounting Body. Mr. Mompati Kgaimena is aware and mindful of the challenges faced by members and students of ACCA, particularly in new and developing markets, especially now that the African industries are growing. The contribution he is willing to bring as council member will add value in accounting and business, in line with Sustainable Development Goals (SDG’s). His wish is to serve on the Council and be involved at the strategic level, examining issues of wider reaching and longer-term importance and help in establishing ACCA’s position on global issues.

Privatisation in Africa: Q4 summary

• Privatisation has progressed more slowly in sub-Saharan Africa than in other regions 
• Many state-owned enterprises are seen as vehicles to pursue economic policy objectives
• Privatisation will accelerate as the fiscal opportunity costs become more apparent

Read more: https://www.icaew.com/technical/economy/economic-insight/economic-insight-africa

The current Revenue Sharing Formula has three components; namely the Customs Component, Excise Component and the Development Component. The Customs share is allocated on the basis of each country’s share of intra-SACU imports. The Excise Component is allocated on the basis of each country’s share of Gross Domestic Product (GDP). The Development Component, which is fixed at 15 percent of total excise revenue, and is distributed according to the inverse of each country’s GDP per capita.

Read more:https://www.sacu.int/category.php?cat=Review%20of%20the%20Revenue%20Sharing%20Arrangement

Read more: https://www.cnbc.com/2019/11/21/trump-signing-hong-kong-rights-bill-could-hurt-us-china-relationship.html

Read more: https://www.cnbc.com/2019/11/21/chinas-2-billion-ghana-deal-fears-over-debt-influence-environment.html

At its 14 and 15 August monetary policy meeting, Bank Indonesia (BI) raised the seven-day reverse repo rate by 25 basis points to 5.50%. The decision took analysts by surprise and marked the fourth rate hike so far in 2018. In addition, the Bank increased the deposit facility rate and lending facility rate by 25 basis points each to 4.75% and 6.25%, respectively.

The Central Bank’s move aims to buttress the rupiah, which has continued to depreciate against the dollar over the last month despite previous monetary tightening. Rupiah weakness is being driven by strong economic growth in the U.S. and rising global uncertainty—exacerbated recently by the precipitous collapse of the Turkish lira, which has led to ripple effects across other emerging market currencies, including Indonesia’s. In addition, the external sector has weakened considerably so far this year; import growth has massively outpaced export growth, and the current account deficit in Q2 reached a multi-year high, putting further downward pressure on the currency. Internally, domestic price pressures remain moderate, pinned down by government price controls on electricity and fuel. At 3.2%, inflation in July was well within the Bank’s target range of 2.5%-4.5%.

Tighter monetary policy will go hand-in-hand with government measures announced in mid-August to restrict surging imports and encourage greater import substitution in order to support the currency. Measures include raising the amount of domestic palm biodiesel blended into fuel, a 7.5% tariff on imports deemed unnecessary, and delays to government projects with a heavy import content. According to the government, the biodiesel mandate alone could trim crude imports by USD 2.3 billion this year.

The Bank did not offer any explicit guidance as to the future direction of monetary policy, although future changes to rates are likely to continue to depend mainly on external developments. With the U.S. Federal Reserve set to raise the Federal Funds Target Rate several times over the next year, Bank Indonesia is likely to tighten monetary policy further going forward in order to protect the currency.

Recently released GDP data revealed that the economy lost some steam at the start of the year, growing 4.8% in Q1 on a year-on-year basis, down from the 6.5% expansion recorded in Q4 2017. Despite the slowdown, the pace of growth remained robust, driven by stronger private consumption growth and a solid rebound in fixed investment. Meanwhile, a sizeable decline in exports of diamonds—which account for the vast majority of Botswana’s total exports—weighed on the overall first-quarter performance. Weak external sector activity is likely to have persisted in Q2, with exports contracting by nearly a quarter in April, mainly reflecting decreased shipments of diamonds.

Botswana Economic Growth

Despite a subdued start to the year, export activity is expected to pick up on the heels of higher diamond demand and remain a driver of growth going forward. Higher public spending in line with the government’s national development plan will also provide support to the non-mining economy. FocusEconomics panelists see GDP growing 4.4% in 2018, up 0.3 percentage points from last month’s estimate, and 4.6% in 2019.

Botswana Economy Data

Read more on: https://www.focus-economics.com/countries/botswana