Thursday 14 December 2017
(Botswana Guardian 07/12/13)
The 2013 consumer fair has tapped into technology through the use of web tickets to avoid the long queues that often characterise the event. The web tickets that are already on sale at Kgale and Riverwalk Spar are also expected to raise the number of attendance from 60 000 to 65 000 visitors this year. Speaking during a press briefing, Fairgrounds Holdings Chief Executive Officer (CEO) Michael Montshiwa said members of the public have often complained about the long queues experienced during the consumer fair. “We hope this new development will attract more visitors to the fair and avoid the delays at the entrance.” He said the fair has on average grown by 3-8 percent this year compared to the...
(MmegiOnline 07/11/13)
Local and international tax fraudsters will soon have no safe haven to hide their assets and incomes in Botswana as government moves closer to legislating changes to banking laws which give more power to tax authorities. Finance Minister Kenneth Matambo read the Banking Amendment Bill for the second time in Parliament this week, taking a step further in dissolving secrecy provisions in the Banking Act. This will allow disclosure of confidential information by banks to the Botswana Unified Revenue Services (BURS) without requiring a court order."This will facilitate disclosure of banking information to be used by BURS in its function to counteract tax fraud and other forms of tax evasion as well as exchange information with countries with which Botswana...
(MmegiOnline 07/11/13)
FRANCISTOWN: Opposition politicians have returned fire after President Ian Khama hit out at them last week, calling them unpatriotic. "Khama is a crybaby and a spoiled kid. He has a tendency of thinking that he is more patriotic than the rest of us. He must learn how to speak fluent Setswana before he claims super patriotism," Botswana Congress Party (BCP) secretary general Dr Kesitegile Gobotswang charged yesterday. He added: "He must not forget that his citizenship remains controversial up to now. For Khama, when you criticise him and his government you are being unpatriotic. That is why he has deported hundreds of foreigners since he came to power, a decision that has tarnished the name of Botswana. He must learn...
(MmegiOnline 07/11/13)
The newly elected Botswana Democratic Party Chairman Guma Moyo received a baptism of fire from his former colleagues at the Botswana Movement for Democracy (BMD) yesterday. At a press conference the party hosted, BMD Secretary-General Wynter Mmolotsi yesterday labeled Moyo a mad man and cautioned him that BMD is made up of principled individuals.Mmolotsi said there was no way the BMD would disband and join the BDP as Moyo claimed. He further dismissed Moyo's claims that the BDP would win the entire 57 constituencies.Moyo recently said his main aim was to bring back all those who left with him to form the BDP splinter party in 2010. "We don't think that Rre Moyo is in his right senses. He should...
(Voice of America 07/11/13)
LONDON — Malta has been forced to cancel the forced return of dozens of Somali migrants to Libya, after an emergency ruling by the European Court of Human Rights. The EU has criticized the attempted repatriation, but Malta has accused its European partners of a lack of solidarity. It comes after the Pope visited an Italian island earlier this week that's received thousands of migrants. Tired, hungry and dehydrated, 68 migrants who'd set sail from Libya were rescued by Maltese patrol boats Wednesday 50 kilometers off the coastline, after their vessel lost power. It's the second migrant boat to arrive in as many days. Maltese authorities had intended to send two planes back to Libya carrying 45 Somali migrants who...
(Botswana Daily News 07/11/13)
Farmers in the Ngamiland protection zone will soon sell their livestock to lucrative markets when disease control fence currently under construction has been completed. Responding to BOPA questionnaire, the deputy director of Veterinary Services, Dr Kobedi Segale said the decision to construct the disease control fence was taken to further subdivide the subzone two D into two parts, running on the northern side of the Ngamiland farms from east to west. He said the idea is part of a long term Foot and Mouth Disease (FMD) control strategy for parts of Ngamiland to ultimately be freed from FMD. The fenced off area to the south of the fence is bordering with zone 12 (Ghanzi) to the south, zone 4a (Boteti)...
(Ventures-Africa 07/11/13)
VENTURES AFRICA – African business leader and philanthropist Tony O. Elumelu joins President Goodluck Jonathan as part of a high powered delegation accompanying the Nigerian leader on a state visit to China from 11 to 12 July 2013. The visit, which will include a meeting with China’s President Xi Jinping, will have Mr Elumelu and other business leaders, including Folorunso Alakija, Femi Otedola and Oba Otudeko, representing Nigeria’s business interests, thus emphasising President Jonathan’s commitment to leveraging the private sector to drive both development and trade and investment links between China and Africa. Speaking at the investment forum, which attracted over 700 potential investors, their Nigerian counterparts and several governors as well as the Ministers for Trade and Investment, Aviation...
(MmegiOnline 07/10/13)
A slope failure at Jwaneng Mine coupled with Debswana's decision to mark down production to match market trends saw Russia narrowing the gap on Botswana as the top diamond producer by value in 2012. According to data published this week by the Kimberley Process (KP) Certification Scheme, Russia produced more volumes of carats than any other country in the world last year at 35 million carats worth $2.87 billion, but Botswana narrowly maintained its top producer by value rank due to the superior quality of gems it produced. Botswana's diamond production fell to 20.5 million carats, worth $2.98 billion last year, from 22.9 million carats in 2011. This closed down the gap on the value of diamonds produced by the...
(Botswana Daily News 07/10/13)
Government aims to optimise technology so that its developmental thrust is inclusive in terms of both rural and urban societies. Briefing members of the press on the Global 2013 Smart Partnership Dialogue on July 9, Vice President Dr Ponatshego Kedikilwe said the advantages offered by Smart Partnership to its members include rapid development for less advanced countries through information and network platforms as well as access to new markets for companies from all country members through its networks. The dialogue, which was held in Dar es Salaam, Tanzania, from 28 June to 1 July, was themed: Leveraging technology for Africa’s socio-economic transformation: The Smart Partnership Way. Giving a background to the smart partnership concept, the Vice President explained it “is...
(Voice of America 07/10/13)
Only seven of the 53 African Union countries who pledged to commit at least 10 percent of their national budgets to investment in agriculture in 2003 have reached that goal. Aid organizations say that investment in agriculture is key to breaking the cycle of food insecurity and crisis in West Africa. As the declaration approaches its 10th anniversary on Wednesday, the aid groups are calling on AU countries to renew their commitment to the Maputo Declaration. In 2003, 53 African heads of state agreed to allocate at least 10 percent of their national budgets to investment in agriculture and livestock by July 2008. Ten years later, only seven countries - Burkina Faso, Niger, Guinea, Senegal, Mali, Malawi and Ethiopia -...
(MmegiOnline 07/10/13)
Botswana's electricity woes will be over possibly by the end of this month, the Minister of Minerals, Energy and Water Resources, Kitso Mokaila, has said. In an interview with Mmegi on the sidelines of the Botswana Democratic Party's (BDP) 35th national congress here last weekend, Mokaila said a lot of progress had been made with regards to remedial works at Morupule B Power Station. "We are almost there," he said. "The electricity troubles will soon come to an end. I am optimistic that by the end of the month remedial works will have been completed and by then all units of the Morupule B will be fully functioning. "There will soon be a press briefing to provide a full update...
(MmegiOnline 07/10/13)
FRANCISTOWN: Poor visibility may have led to the crashing of a South African craft that killed two pilots last week. Rob Tasker,75, and Lindy Brooks, 56, were attempting to land the Bat-Air Cargo Embraer Banderaite at the Francistown Airport in the foggy morning of June 29 when it crashed seven kilometres from the runway. Reports indicate that the aircraft missed the runway the first time around and the pilot communicated with the tower that they would make a second attempt at landing but they never made it. The crashed plane was found after the Civil Aviation Association of Botswana (CAAB) alerted the search and rescue team that the plane was missing from the radar. According to Chief Aircraft Investigator Selwyn...
(MmegiOnline 07/09/13)
Moscow-based Mining and Metallurgical Company Norilsk Nickel approved Tati Nickel Mining Company's (TNMC) action plan that extends the mine's life to 2016 last week . The mine was initially forecast to close down this year due to low mineral grades coupled with high operational costs. A press release from Norilsk Nickel headquarters in Moscow dated July 2, 2013 states that the world leading producer of nickel and palladium has approved to maintain concentrate production levels until 2016 by increasing ore output in the situation of low nickel grades found at Tati."The company shall reduce the cost of all operations, including those carried out by contractors by 10 percent," reads the press statement. Norilsk Nickel, ranked among the world's top 10...
(MmegiOnline 07/09/13)
The ruling Botswana Democratic Party (BDP) and the Zimbabwean African National Union - Patriotic Front (ZANU-PF) took their political romance to new heights during the former's elective congress over the weekend. It's kiss, kiss, kiss, all the way for a blossoming romance between the Botswana Democratic Party (BDP) and Zimbabwean African National Union-Patriotic Front (ZANU-PF).There have been reciprocal visits between the two parties where exchange of gifts and chanting of each other's slogans and singing of party songs was the order of the day.At the Maun congress, BDP legal advisor and chairman of the electoral board, Parks Tafa, was all lovey-dovey after a visiting ZANU-PF delegation donated ZANU-PF manifesto and national youth policy documents.The Zimbabweans made the donation with the...
(MmegiOnline 07/09/13)
Loan arrears attributable to individuals reached P931.2 million in the first quarter of the year, translating to approximately one defaulting borrower in every 20 at commercial banks, Mmegi Business has established. Bank of Botswana (BoB) figures provided last Friday indicate that defaults among individuals made their closest approach to P1 billion, driven by the growth of fresh arrears as well as the graduation of existing arrears to more severe categories.By March 31, 2013, P294 million in household loans were overdue by between 31 - 90 days, with P530.8 million in the 91 - 180 day category and P156 million categorised as beyond 180 days.This is compared to P198.7 million, P613.3 million and P81 million for the three arrears' categories respectively...
(Botswana Daily News 07/09/13)
Benchmarking from the just ended Ghanzi Show will help transform the upcoming Kgalagadi Show, public relations officer (Agriculture) for Tsabong region, Mr Peter Manguba has said. Mr Maguba says this is because a delegation comprising agricultural demonstrators and the show organising committee was drilled on how to attract investors amongst other things. He conceded that before going on the benchmarking exercise, Tsabong show organisers had little knowledge of the importance of the agricultural show. “There is a lot to be showcased. The best selected small stock will compete, and the same model will be incorporated for cattle. The best will be made to compete at a show to be held in Gaborone to represent our region,” he said. Mr Manguba...
(Ghana Business News 07/09/13)
African airlines enjoyed nearly a 10% rise in traffic in May 2013 as global passenger growth trend continues, according to an industry report. The International Air Transport Association (IATA) says African airlines’ traffic climbed 9.8% in May which was the second highest among the regions. The report notes that African carriers are benefiting from a sustained increase in trade through developing links to Asia and the Middle East, as well as strong GDP growth in local economies, particularly in Western Africa. “Capacity rose 7.4% in May, raising load factor 1.4 percentage points to 66.2%,” said IATA’s passenger traffic report. In terms of air freight, African carriers grew just 0.2% in May, but growth trend, according to the airline association, was...
(Sunday Standard 07/08/13)
Botswana Stock Exchange (BSE) says it is fitting into the government’s economic diversification plans by developing the capital market as the corner stone of change. Chief Executive Officer, Hiran Mendis, in an interview with Sunday Standard pointed out that a country like Botswana where there are importing their savings, the capital market can have value created in Botswana from the savings being exported and add value locally. Mendis observed that advantages for both Botswana and BSE are the favourable foreign investment climate with no exchange controls and competitive tax rate of 25 per cent. He also noted that Botswana has a stable political environment with multi party democracy and also bodes well for sustainability in investor confidence and foreign portfolio...
(MmegiOnline 07/08/13)
While the alcohol industry has been dealt a heavy blow by restrictive legislation, gaming remains a lucrative business for casino operators in the country, according to financial statistics from the industry. The 2012 Casino Control Board annual report shows that the local gambling industry generated more than P200 million during the period under review.The report says the gaming revenues accumulated over this period amount to P208 million but show a marginal decline of four percent as compared to the 2010/11 period.According to the report, Grand Palm took a leading position in terms of gaming revenue earned ahead of Gaborone Sun Casino while Marang Casino of Francistown continued to maintain its third position and Menateng Casino of Selebi-Phikwe was fourth while...
(Sunday Standard 07/08/13)
Discovery Metals Limited (DML), the Australian-Botswana listed outfit said this week that it outsmarted itself in the recovery of silver at its operations in the northern parts of Botswana in June this year. “Average metallurgical recoveries of 87.4 percent of copper and 84 percent of silver were achieved for the month. “Overall copper recovery is in line with expectations and silver recovery continues to outperform the original estimates,” the company said in a statement. DML is operating Boseto project in the north-western part of the country—about 80 kilometers outside Maun—and concession area of 10,000 km2. Boseto is composed of Zeta and Plutus Open pits and both managed to move three million tonnes of ore. The area was previous explored by...

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