Sunday 22 October 2017
(MmegiOnline 09/06/17)
The Independent Electoral Commission (IEC) has approved a new symbol for the Umbrella Democratic Change (UDC). The new symbol is a royal blue umbrella enclosed in a circle of the same colour, with the party name written underneath. The new symbol was approved this week by the IEC. UDC will use the new symbol at Tshimoyapula ward by-election and in the 2019 general elections. In a letter dated August 28, 2017 written on behalf of IEC secretary Motlapele Raleru says: “You are duly informed that the symbol is accepted by the Independent Electoral Commission.
(MmegiOnline 09/06/17)
FRANCISTOWN: Financially- troubled TAFIC have come up with a campaign dubbed ‘Building Champions’ aimed at approaching at least 100 companies in a bid to raise P100,000. The club expects companies to contribute at least P1,000, as the team prepares for a return to the top flight league next week. TAFIC’s marketing manager, Rapula Gaotlhobogwe said the club’s dry coffers threaten to disrupt their trumpeted return to the BTC Premiership. He said for this reason, they have come up with the initiative, while a search for major sponsors continues. “Our coffers are dry and the search for a sponsor continues to draw blanks,” he said. “As we continue with the search, we have, in the meantime come up with the campaign...
(Botswana Daily News 09/05/17)
The Assistant Minister for Presidential Affairs, Governance and Public Administration, Mr Thato Kwerepe says a lot still needs to be done to advance sustainable development agenda in every country. He said this during the InterSAI study tour conference held under the theme “The role of the Supreme Audit Institutions (SAIs) in implementation of the Sustainable Development Goals (SDGs).” The conference attracted four countries namely, Namibia, Swaziland, Lesotho and Botswana and the assistant minister emphasised the need for SAIs to align their strategies to government’s National Development Plans (NDP) for better delivery of SDGs. Mr Kwerepe said African countries needed to bring SDGs into audit focus by aligning
(Botswana Daily News 09/05/17)
Botswana Stock Exchange (BSE) listed telecommunications company, BTC, is expected to launch new products as it aims to transform, not only the industry, but also its position in the market. Botswana Telecommunications Corporation (BTC) public relations manager, Mr Golekanye Molapisi confirmed that they would launch new products in the near future. However, he did not elaborate further about the new products, although information reaching BOPA indicates that they have partnered with the DRAM Group, an international innovative company with operations in South Africa and Botswana. This comes after BTC realised its market share has been stagnant over the years, and it aims at retaining the current ones as well as adding new customers. Amongst the products to be launched is...
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to thank: in South Africa, a bumper corn harvest following the worst drought in more than a century saw the sector surge 34 percent from the prior quarter, while in Nigeria, where farming vies with industries as the second-biggest contributor to...
( The Southern Times 09/04/17)
Botswana has finalised its Africa Growth and Opportunity Act (AGOA) National Response Strategy and a date for the launch is yet to be announced. Assistant Minister of Trade and Industry Biggie Butale said during a women leadership forum in Gaborone that the strategy has been endorsed by his ministry in consultations with the AGOA National Reference Group, which is made up of stakeholders from government and the private sector. He said the strategy has identified potential sectors, for export to the United States (US) market under the Act. The assistant minister explained that it also includes an elaborate implementation matrix detailing specific sector based actions and activities to be undertaken for its effective implementation adding that all the activities which...
(Caj News Africa 09/04/17)
The government of Botswana and SAP have partnered to empower pupils and teachers nationwide in preparation for Africa Code Week (ACW) 2017, scheduled for October. This past weekend, SAP ACW returned to Gaborone’s Bontleng Primary School to provide coding training to 80 local teachers and 100 pupils. Identified by the Ministry of Basic Education in the South-East region, the group of teachers was successfully introduced to Scratch, a free programming language designed by the MIT Media Lab to teach coding to the young generation in a fun and interactive way. Supported by local implementing partner, Ngwana Enterprises, SAP Master Instructors joined the workshops from abroad to equip teachers with the Scratch teaching material they need to make coding literacy a...
(MmegiOnline 09/04/17)
The preliminary results of the 2015/2016 Botswana Multi-Topic Household Survey (BMTHS) conducted by Statistics Botswana survey are finally published. The first instalment reports on Economic Activity with special emphasis on unemployment figures. This is certainly not without controversy. The notion that numbers never lie is put under the spotlight. Upon close examination of the report on unemployment rates many quickly concluded that this time around numbers have lied. According to BMTHS report unemployment declined from 20 per cent in 2013 to 17.7 per cent in 2016. The reference results were obtained from the Botswana AIDS Impact Survey (BAIS) IV of 2013. On the other hand the 2009/2010 Botswana Core Welfare Indicators Survey (BCWIS) recorded an unemployment level of 17.8% which...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of sub-Saharan Africa’s GDP and their recoveries may boost trade and production across the region. The reasons differ: while Nigeria, the continent’s biggest oil producer, is benefiting from a rebound in crude output, stronger retail sales may help drive growth in...
(Botswana Daily News 08/31/17)
Gaborone — Minister of Defence, Justice and Security, Mr Shaw Kgathi has assured the parliamentary portfolio committee on Foreign Affairs, Justice, Defence, Security and Government Assurances that the ministry would work hard to ensure that Botswana implements the Eastern and Southern African Anti-Money Laundering Group (ESAAMLG) recommendations. Briefing the committee on Tuesday, Minister Kgathi noted that the ministry's legislative programme was therefore aimed to ensure compliance to the recommendations, which sought to ensure that Botswana did not become a safe haven for money laundering and financing of terrorism. He said failure to comply could have serious repercussions, hence the need for the country not to lag behind in its efforts to meet them. "We are advised that failure to comply...
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni Nafo, chairman of AREI endorsed by the African Union Assembly. The MOU will enable the two parties to cooperate in renewable energy generation in Africa, with Chinese smart grid providers and core renewable energy manufacturers providing technological and financial support...
(Bloomberg 08/30/17)
Brite Star Aviation of Texas has signed an agreement with several Botswanan government agencies to build a 1.4 billion pula ($139 million) manufacturing and assembly plant in Selebi-Phikwe, the north-eastern mining town devastated by the closure of its copper and nickel mine. Brite Star, a closely held company based in Fredericksburg, plans to arrange funding in Botswana and abroad to design and build the plant, a tourism center, a hotel, restaurants, a conference center and a pilot academy and maintenance area. The company’s President, Imre Katona, revealed the plans at a signing ceremony with the Botswana Investment and Trade Centre and the Civil Aviation Authority of Botswana
(APA 08/30/17)
Botswana has announced that retail in general clothing business or trade will only be reserved for citizens only. The Permanent Secretary Peggy Sename explained on Wednesday that the Trade Act, Section 15, empowers the Minister to make regulations declaring any trade or business reserved for citizens of Botswana or companies wholly owned by citizens of Botswana. “The law goes further to make an exemption where there is a joint venture between citizens and non-citizens and the citizen owns 51 percent or more in the joint venture. Where the citizen ownership falls below this threshold, the Minister’s approval is required for an exemption to be granted,” she said. She said in line with the country’s priorities to attract investment and create...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(MmegiOnline 08/24/17)
Government has issued its first coal bed methane (CBM) mining licence as the country edges towards commercial use of renewable energy in power supply. Emerging junior energy company, Tlou Energy this week announced that a mining licence for its Lesedi CBM project has been granted by the Department of Mines paving way for the development of Botswana’s first gas to power station. Apart from a small 1.3MW solar power plant in Phakalane, Gaborone, the remainder of the country’s local power supply is met from coal-fired power plants. In a statement, Tlou said the mining licence, which covers an area of approximately 900 square kilometres, gives security of tenure over the project area. “The mining licence for the Lesedi CBM Project...
(MmegiOnline 08/24/17)
Botswana businesses have been urged to take advantage of the bilateral trade agreements between Botswana and Kenya. Kenyan High Commissioner to Botswana, Ambassador Jean Wambui Kimani made the call at the official opening of the Botswana Consumer Fair in Gaborone on Monday. She said businesspeople from the two countries should establish long-term networks to grow trade and investment, adding that robust intra-Africa trade is vital in achieving prosperity and growth amongst African states. “The relations between Kenya and Botswana are warm and characterised by historical ties that bind the people of the two countries,” she said. According to Kimani, the various memoranda of understanding (MoU) that the two countries have signed should give both Botswana and Kenyan companies the chance...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only dollar-bond issuer without a junk rating. A low interest rate environment in the developed world has encouraged investors to look past the problems plaguing African economies, including low commodity prices, dollar shortages in some of them and rising political tension...
(MmegiOnline 08/23/17)
The US Ambassador to Botswana, Earl Miller will tomorrow preside over the official opening of the new Botswana office of the United States Agency for International Development (USAID) Southern Africa Trade and Investment Hub. Funded by the USAID, the Southern Africa Trade and Investment Hub works throughout the region to improve the livelihoods of southern Africans by increasing access to trade and broadening investment. The USAID Southern Africa Trade and Investment Hub is the fourth generation of USAID projects focused on these goals. The previous version of the Southern Africa Trade Hub made many contributions on behalf of the U.S. Government

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