Tuesday 12 December 2017
(Botswana Daily News 07/08/13)
Permanent Secretary in the Ministry of Agriculture has told Southern District council that the revised Cattle Slaughter and Export Levy has been increased from P2 per cow to P30 to cushion costs incurred during livestock disease outbreaks. Dr Micus Chimbombi said when addressing full council in Kanye recently, that the levy which is charged on every cow slaughtered for commercial and export purposes. In addition Dr Chimbombi said the increment of the levy by P28 during review and the fact that an account which attracts interest has been opened meant the ministry had to widen its net in terms of the assistance extended to farmers through it. On other issues, Dr Chimbombi expressed disappointment at the attitude displayed by majority...
(Ventures-Africa 07/08/13)
VENTURES AFRICA – Ideas rule the world and in this age, innovation is key. Businesses thrive on Eureka! moments, as innovation has become the benchmark for excellence. For most businesses/entrepreneurs the effective application of ideas determines whether a startup progresses to a multi-billion dollar company, a la Google, Facebook, Apple, or goes bust! African entrepreneurs have also tapped into the endless stream of Eureka! moments and have turned ideas to million-dollar businesses - ask iROKOtv, Justin Stanford or Kamal Budhabatti to name a few. On Africa’s Most Innovative Companies today, we feature Rasello, a company which helps you “manage, understand and communicate better to the people that matter most to your business.” There is no major reason behind the name...
(Botswana Daily News 07/08/13)
The President Lt Gen Seretse Khama Ian Khama donated 200 blankets, 200 shirts and 71 coats to elders of Matapana ward in Maun on July 11. The President, who was in Maun for the Botswana Democratic Party’s (BDP) National Congress, also interacted with village elders at the kgotla and shared a meal with them. He was accompanied by some cabinet ministers to the event which was also graced by the Acting Paramount Chief of Batawana, Kgosi Kealetile Moremi. President Khama noted that it was his first visit to Matapana ward kgotla and assured elders he would be coming back soon to spend time with them. The President also said his interactions with ordinary Batswana would continue as it gave him...
(Sunday Standard 07/08/13)
As the government attempts to create a sustainable economy propelled by private sector, prospective farmers on the other hand decry high level of prices for the supplement feeds. The challenging situation played itself out at the just ended Ghanzi Agriculture Show as the region’s farmers complained of sky-rocketing prices with the likelihood to hamper the government efforts and livestock industry. “Prices for animal feeds are killing us, particularly during winter and drought seasons,” said France Kanguaiko. Normally, feeding his cattle and goats from the open veldt, Kanguaiko has since improvised to mitigate explosive prices. And so are the rest of the farmers who participated at the Show. He added: “We feed them with supplements only when preparing for these activities.”...
(Botswana Daily News 07/08/13)
The good number of females who have embraced government's poverty eradication initiatives in the Southern District is a step in the right direction, says Mr Mosele Ramakapu. Mr Ramakapu, a chief technical assistant with the Ministry of Agriculture in Kanye, said out of the 88 youths assisted under the programme since 2011, 61 were females up to 40 years; which was a complete contrast to men within the same age bracket. He noted that although the development could be due to a number of reasons among them, the fact that more females were hard hit by poverty than their males’ counterparts or the fact that numerically females dominate males, the feat could only mean poverty levels would be reduced across...
(MmegiOnline 07/05/13)
Foreign Direct Investment inflows to Botswana dropped 29 percent to US$293 million (P2.5 billion) last year, resonating with declines to other southern African states as global investment slowed. Estimates released last week by the United Nations Conference on Trade and Development (UNCTAD) also indicate that of the total FDI inflows to the local economy, US$148 million (P1.3 billion) were to greenfield investments. The balance is attributable to merger and acquisition activities as well as expansions.Botswana's estimated FDI inflows were classified as being in the middle of a group of developing landlocked countries which were topped by Kazakhstan. The Central Asia state attracted US$14.1 billion (P121 billion) in FDI inflows last year mainly to its oil and gas industry. The landlocked...
(MmegiOnline 07/05/13)
A wave of fraudulent cash withdrawals from personal bank accounts hit Gaborone this past weekend with over 50 cases recorded at one commercial bank since Saturday. According to police, massive reports of mysterious withdrawals involving amounts ranging from P2,000 to P25,000 have been streaming in. All the funds were withdrawn from ATMS in South Africa. Police suspect that fraudsters could have skimmed debit cards locally and crossed the border to access the funds. "Since Saturday, we have received about 50 cases all from Barclays bank. The funds were withdrawn from South African ATMs. Investigations are still ongoing but we suspect it to be a case of debit card skimming," said Assistant Superintendent Keoagile Tau on Wednesday.Although by Wednesday police said...
(MmegiOnline 07/05/13)
Botswana Democratic Party (BDP) executive secretary Lee Lesetedi has said everything is in place for the party congress slated for today. Speaking in Maun this week, Lesetedi said all the preparations have been concluded. He said they expect more than 1,200 delegates to attend the congress, which will be officially opened by President Ian Khama this morning. He said they will host 22 visitors from nine SADC countries and more than 5,000 BDP followers. "More of our members who are not delegates have shown interest to travel here for the congress. Remember that this is a tourism village, so some of our members want to use the opportunity to come and see Maun," Lesetedi explained. The congress will be held...
(MmegiOnline 07/05/13)
Kgalagadi District will have a smallstock abattoir in the near future, says the district council chairman, Mr Frans van der Weshuizen. Mr van der Weshuizen informed the district full council meeting on July 3, that details pertaining to construction and specific location of the abattoir were still sketchy. He stated that while negotiations were still on, it still their responsibility as councillors to facilitate fast tracking of the implementation of the project. The decision came after farmers complained bitterly about lack of market for their smallstock produce which they argued was their only means of survival. In many forums, farmers said crop production in the area was not a panacea to their problems. Some even suggested that government should devise...
(Botswana Guardian 07/05/13)
A day before the Botswana Democratic Party (BDP) holds its crucial elective congress in Maun, President Ian Khama announced today that he intends to keep former Vice President Mompati Merafhe and vice president Ponatshego Kedikilwe as additional members in the central committee. Khama said he needs the two in the central committee because the party needs to utilise their experience as they prepare for the 2014 general elections. Later the President critisised the media and opposition parties saying there are unpatriotic. Khama who was officially opening the 35th BDP congress in Maun is of the view that his party’s 47-year uninterrupted rule is based on sound ideals and values of democracy with the rule of law and respect for human...
(Voice of America 07/05/13)
LONDON — A new satellite system was launched into orbit last week that aims to bring high-speed Internet to remote communities across the globe. Its backers say it could have a big impact in rural parts of Africa by speeding up economic and social development. Others argue the huge amounts of money, however, should be spent on more basic needs. Lift-off for the O3b - or "Other 3 Billion" - satellite system occurred last week in French Guiana. The system goes "live" later this year when eight satellites will enter a lower orbit to provide a faster connection. Its backers include Google and the Development Bank of Southern Africa, among others. Founder Greg Wyler said the "Other 3 Billion" are...
(MmegiOnline 07/05/13)
Insurance companies have to constantly develop and retain skilled staff in order to be competitive in the globalised world. Speaking at the beginning of SADC Insurance Forum (SIF) in Gaborone on June 3, the organisation’s chairman, Mr Albert Nduna said the region had experienced flight of insurance skills as people sought greener pastures, hence there was need to nurture, develop and replenish the skill base continually. Mr Nduna said there was potential for the development of the insurance market in SADC as most countries had been registering economic growth rates of above five per cent in the last few years driven mainly by resource exploration. “Insurance plays a critical role in the development of the regional economy by not only...
(Botswana Guardian 07/05/13)
Many Batswana do not plan for retirement early and wait for the last minute when it is a little too late to plan for life after work. The former Botswana Police Service Commissioner Thebeyame Tsimako has observed this and cautioned Batswana against “living one cheque away from poverty”. In a conference organized by Trainsol Pty (Ltd) to train personal assistants and secretaries from different companies and government departments yesterday, Tsimako said that many people die poor yet they had good paying jobs in their youth. He said the importance of investment is often overlooked at times when workers are still comfortable in their salaries. Trainsol had invited Tsimako who has since retired from public service to share with participants, the...
(The New Times 07/04/13)
Mushikiwabo was speaking yesterday in Kigali as a panelist at a national symposium that featured discussions about 50 years of Africa’s independence, Rwanda’s 19 years since the Liberation War, and the role of Africa’s unity in the economic development of the continent. Mushikiwabo said that Africans will have to end rampant corruption, insecurity, and reliance on too much of foreign intervention if they are to record better achievements in their freedom and economic status. “Colonialism has hampered our ability to think for ourselves,” the minister said as she highlighted some of the reasons behind the continent’s ills. She encouraged all Africans to strive to tell their own story if they are to succeed in developing themselves because the current situation...
(Afribiz 07/04/13)
The Botswana DCI gained 0.8% to close at 8,688.3 on the back of 12 gainers and 2 decliners. Market turnover was BWP 77.8m (+13.7%). Activity was boosted by a single block trade of 15.1m FSG shares valued at BWP 27.3m. Letshego was also amongst the actively traded counters with 1.1m shares valued at BWP 4.0m changing hands. FSG (+12.5%, BWP 1.80) was the top gainer whilst G4S (-5.0%, BWP 4.75) emerged the top decliner. Firestone Diamonds has no plans to open its BK11 diamond mine despite forecasts that prices for the commodity will increase considerably by 2020. The mine was closed approximately two years ago with management citing poor market prices as the main reason for the closure. B. Barclays...
(Botswana Daily News 07/03/13)
Government has found an alternative market for Botswana cattle and necessary procedures are being followed before farmers can start selling cattle outside. Assistant Minister for Presidential Affairs and Public Administration, Dr Gloria Somolekae announced this during kgotla meetings she addressed in Toteng and Sehithwa villages in Ngamiland on June 28. Dr Somolekae said government was aware of some people who had not sold their cattle for the past seven years, therefore everything possible was being done to make sure that the situation could be addressed. She said the Minister of Agriculture, Mr Christian De Graaf had been visiting countries such as Angola and Zimbabwe looking for a suitable market for the country’s cattle. However, she said certain procedures had to...
(Voice of America 07/03/13)
Ethiopia, Botswana and the Dominican Republic made the largest gains in food security in the past year, according to a new report. Increases in income and food availability in developing countries drove the largest improvements in this year’s Global Food Security Index, published by the Economist Intelligence Unit. Botswana ranked number 43 out of 107 countries studied. But most of sub-Saharan Africa scored low. Even with this year’s gains, Ethiopia is number 90. Meanwhile, economic losses in Greece and Ukraine pushed those countries down the index. Democratic reform and political stability were linked to improvements in food security in Burma and Sri Lanka, while conflict pushed Mali, Yemen and Syria down the index. The index comprises 27 measures of food...
(Ventures-Africa 07/03/13)
VENTURES AFRICA – The African Development Bank (AfDB) on Tuesday said it has earmarked up to $3 billion for Africa’s power sector over the next 5 years. AfDB President, Donald Kaberuka, speaking from Dar Es Salaam, said the bank’s interventions will include investment loans, reforms, advisory and guarantees in the energy sector. This is part of the bank’s backing for President Barack Obama’s $7 billion Power Africa plan which Obama unveiled on Saturday in Cape Town, South Africa. The US-led power plan will pay more attention to advancing more access to power in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania. Blue chip companies including General Electric and Symbion Power will also invest an additional $9 billion. Kaberuka said AfDB will...
(The Midweek Sun 07/02/13)
Botswana has benefitted millions of Pula from thousands of motor vehicle imports transported via the Trans-Kalahari corridor to Botswana and Zimbabwe. This week, Agnetha Mouton, Marketing and Communications Manager for the Walvis Bay Corridor Group revealed that Botswana is estimated to have benefitted more than P35 million from importing these vehicles via the Port of Walvis Bay which represents more than 100 percent increase in revenue compared to the previous year. “During the past year there have been more than 18,000 vehicles handled at the Port of Walvis Bay and imported to Botswana and Zimbabwe. From these vehicles about 15,000 were vehicles in transit via Botswana along the Trans Kalahari Corridor for Zimbabwe, while the rest were for Botswana,” Mouton...
(Sunday Standard 07/02/13)
Botswana’s dairy industry was compelled to introduce a number of remedial initiatives to stop the local milk production decline from 8.3 to 2.9 million litres in 2009 and 2012, respectively. Based on current year-on-year statistics, local fresh milk production accounts for only 5 percent of national demand with 95 percent being imported from neighbouring countries together with all processed dairy products. Quantified into consumption statistics, Botswana imports 61 million litres of milk as a result of a local dairy production accounting for a paltry 3.1 million liters. Dr. T.K. Phillemon-Motsu, the Director of Animal Production, attributes the decline in milk production to challenges besieging the local dairy industry, chief amongst which are costly dairy feeds, limited purebred dairy herd and...

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