Sunday 22 October 2017
(MmegiOnline 08/23/17)
President Ian Khama has bid farewell to fellow southern African leaders at the 37th SADC Ordinary Summit for Heads of State and Government Summit in Pretoria, South Africa. The President is serving his last term in office and was attending the SADC Summit over the weekend, for the last time as sitting President. He steps down on April 1, 2018. The summit was held under the theme: Partnering with the Private Sector in developing Industry and Regional Value-Chains. The 37th SADC Summit amongst others, deliberated on the status of Implementation of the Industrialisation Strategy and Roadmap; the socio-economic situation in the region; Continental integration issues; and the general political and security situation in the SADC region. Among other activities, the...
(Xinhuanet 08/23/17)
China is dedicated to enhancing its cooperation with Africa in human resource development through knowledge and technology transfer, a Chinese diplomat said Tuesday. Liu Tao, Charge d'Affaires of the Chinese Embassy in Ethiopia, made the remarks at the Chinese Government Training Program Fellowship Reception in Ethiopia's capital Addis Ababa. He said China, since the year 2000, has sent over 2,000 agricultural experts and over 7,000 medical personnel to Africa, and has trained more than 80,000 Africans from more than 50 countries. China has pledged that it would, in three years, train 200,000 technicians and provide 40,000 training opportunities in China, and will offer 30,000 government scholarships, he said. Stating that 1,100 Ethiopian candidates are invited this year to attend short-term...
(Botswana Guardian 08/22/17)
At 17.7 percent, unemployment rate in an economy considered to be performing well, is still high, says Statistics Botswana Deputy Statistician General, Dr Burton Mguni. But the reasons are evidently clear - the country’s undiversified economy is anchored by the mining industry, which is not labour intensive. Such economies may do very well where the diamond mining industry is doing well and contributing a lot to the economy. However, the mining industry is not a great employment creator hence the situation whereby the economy of the country is doing well but there is high unemployment, said Dr Mguni while releasing the results of the Botswana Multi Topic Household Survey 2015/2016 survey. The purpose of the survey was to provide a...
(Xinhuanet 08/22/17)
African officials on Monday called for urgent infrastructural development and regional integration to boost the continent's economy. At the Infrastructure Africa 2017 in Johannesburg, Zambian Minister of Finance Felix Mutati encouraged Africans to speedily address infrastructural deficit. "We have to inject some sense of urgency in ourselves. If we remain captured by business as usual, we are headed for disaster," said Mutati at the opening ceremony of the two-day event. "Competitiveness in Africa is being constrained by infrastructure deficit. We need about 93 billion U.S. dollars every year to address the infrastructure gap in the continent. We need to urgently implement projects," he said. Mutati said Africa has to narrow focus to innovative financing and design, better use of existing...
(Bloomberg 08/21/17)
GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting into productivity and growth. “We reduce the total cost of power by 30 percent,” said Charlotte Aubin-Kalaidjian, the founder and chief executive officer of GreenWish, who was formerly a managing director at Morgan Stanley Investment Management. “Smaller towers can run...
(APA 08/17/17)
Botswana President Ian Khama has lashed out at China accusing it of intimidating his administration which was expected to host Tibetan spiritual leader Dalai Lama who has since cancelled his trip, Botswana Guardian newspaper reported here Thursday. Khama told the paper that “they told me things like the Ambassador may be recalled, it would damage relations between Botswana and China that they would as China engage other African states to isolate Botswana.” Khama said the Dalai Lama is welcome to visit Botswana at any time. He wishes the Dalai Lama a “speedy recovery” from the exhaustion he suffers, after which the exiled Tibetan spiritual leader is “welcome to come and visit Botswana.” He was expected to be the keynote speaker...
(Reuters (Eng) 08/17/17)
Gem Diamonds Ltd reported a 14 drop in half-year revenue, hurt by lower production and a decline in average diamond prices, and said it received an acquisition offer for its mine in Botswana. The company, which mines diamonds from the Letseng mine in Lesotho, said on Thursday its revenue fell to $93 million for the six months to June 30, from $109 million a year earlier. The average price per carat fell to $1,779 for the period, from $1,899 in the same period last year, while carats recovered fell 12 percent to 50,478, Gem Diamonds said. Weaker demand from China and the United States has hurt diamond prices, while India's surprise move to abolish high-value bank notes in November also...
(MmegiOnline 08/17/17)
With the local commercial property market coming under pressure, RDC Properties says it is aggressively pursuing regional diversification with Namibia, South Africa and Mozambique soon to be added to their portfolio. Announcing results for the half-year ended June 30, 2017 in Gaborone yesterday, RDC executive chairman Guido Giachetti said the local property market is going through challenging times but the downturn was plugged by good performance in the properties in the tourism industry. This resulted in an increase in profit and rental income with focus now placed on growing its residential property portfolio as well as new acquisitions in the region. “Profit from operations increased by six percent to P31.4 million with rental income up five percent to P43.9 million...
(MmegiOnline 08/17/17)
Botswana has proposed to the Japan International Cooperation Agency (JICA) to assist them in organising a friendly match against Japan men’s national softball team in October. The match is expected to take place during the upcoming World Baseball Softball Conference (WBSC) to be hosted in Gaborone. Speaking during the handover ceremony of softball equipment yesterday, Botswana National Sport Commission (BNSC) representative, Steve Botlhasitse said he has been informed by Botswana Softball Association (BSA) president, Tirelo Mukokomani, that they are putting together a presentation that would be forwarded to JICA. He said it would mean a lot if JICA came onboard and assist in bringing the Japanese team to Botswana. Botlhasitse said the match would showcase what the Botswana men’s national...
(Bloomberg 08/14/17)
The U.S. will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man. Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest countries in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump administration will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital. “It’s quite clear that they won’t make those drastic cuts,” Gates said. “I’m hopeful they won’t make any cuts at all, but that’s still subject to...
(AFP (eng) 08/12/17)
The Dalai Lama has cancelled a trip next week to Botswana because of "exhaustion" after Beijing expressed anger at the African country for allowing the visit. The 82-year-old Tibetan spiritual leader, who lives in exile in India, was to speak at a three day conference in Botswana's capital Gaborone, which begins on August 17. An official statement released late Friday said the Dalai Lama had written to the president of Botswana and the conference organisers, the Mind and Life Institute, expressing "profound regret" at having to cancel his visit "due to exhaustion". "His Holiness has reluctantly had to concede that his 82-year-old body was telling him to rest. "Since his physicians have also advised him to avoid undertaking long journeys...
(AFP (eng) 08/10/17)
Botswana's Isaac Makwala admitted to being heartbroken and fuelled by anger as he ran two rounds of the 200 metres -- one on his own -- to reach the final at the world championships on Wednesday. The 30-year-old had been given the go-ahead by the sport's governing body the IAAF after missing Monday's heats and then the 400m final because the quarantine period for the highly contagious norovirus which he had been diagnosed with had expired. However, the fastest man in the world this year made light of it in his semi-final. Running in lane one, he finished second, raising his arm as he crossed the line. "I'm still running with my heart broken," said Makwala. "I wish the IAAF...
(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the word for "ancestor" in the Turkana language of Kenya, where the lemon-sized skull was unearthed. The sole specimen is that of an infant that would have grown to weigh about 11 kilogrammes (24 pounds) in adulthood. It had a brain...
(Reuters (Eng) 08/09/17)
Botswana's Isaac Makwala was refused entry to the London Stadium on Tuesday after earlier being withdrawn from the night's 400 meters final at the World Championships after falling victim to an outbreak of sickness that has hit scores of competitors. The 30-year-old, who was considered one of the main challengers to gold medalist Wayde van Niekerk and is a national icon, had also been ordered to withdraw from Monday's opening round of the 200m. Makwala said he felt well and wanted to race but when he attempted to go through the athletes' entrance, an official and security personnel barred his way. "I arrived at the stadium today ready to run but I found a trap set there ... and was...
(Xinhuanet 08/09/17)
The United States Trade Representative (USTR) on Wednesday affirmed the commitment of his country to Africa and saw "great potential to grow and deepen trade relationship." Robert E. Lighthizer expressed this in opening speech of the ministerial plenary as part of the 16th Forum of the Africa Growth and Opportunity Act (AGOA), on Wednesday here in Togolese capital Lome. "The United States is committed to Africa. We see great potential to grow and deepen our trade relationship, with the goal of establishing a true partnership for the future", Lighthizer said. "By lowering barriers and tackling other constraints that impede trade and investment, we are poised to see U.S.-Africa trade flourish", he said, underscoring that "much more work needs to be...
(APA 08/08/17)
De Beers Group of Companies has put measures in place to ensure that mining towns in Botswana do not turn into ghost towns following depletion of diamonds, APA learnt here Tuesday. The diamond mining towns are Letlhakane, Orapa mines in central part of the country and Jwaneng mine is southern Botswana. Debswana managing director Balisi Bonyongo told journalists here on Tuesday that through an Enterprise Development Programme, dubbed Tokafala, small mining companies will be supported through business mentoring, advisory support and capacity building to access funding and markets. Debswana is a 50/50 joint venture between De Beers and the Botswana government. He said this will diversify the economies of mining towns as diamonds will not last forever. Resident director of...
(Reuters (Eng) 08/08/17)
Tuesday's action at the World Athletics Championships sees two of the most intriguing races of the program as South Africa's Wayde van Niekerk bids for the first half of his 400/200 meters double and Nigel Amos goes for gold in the men's 800m. World record holder and defending champion Van Niekerk should be unbeatable in the 400m but faces a stiff challenge, not least from Botswanan duo Isaac Makwala and Thebe Baboloki. Another Botswanan, Amos, will also have to be at his best in the 800m, where a clutch of athletes are suddenly dreaming of glory in the absence of Kenya's injured champion David Rudisha. Kenya is expected to continue its dominance of the men's 3,000m steeplechase - though American...
(Xinhuanet 08/03/17)
Trade between China and Africa reached 85.3 billion U.S. dollars in H1, surging 19 percent year on year as the two sides strengthened cooperation in a wide range of areas, official data showed Thursday. The data reversed the negative growth trend since 2015, according to Gao Feng, spokesperson with the Ministry of Commerce. During January-June, Chinese imports from Africa, including minerals, agricultural products and fruits, amounted to 38.4 billion U.S. dollars, jumping 46 percent from the same period last year, while exports gained 3 percent to 47 billion U.S. dollars. Transport equipment has become a bright spot in China's exports to African countries, with that of ships, trains and aerospace equipment up 200 percent, 161 percent and 252 percent respectively,...
(Botswana Daily News 08/02/17)
Letlhakeng — The Vice President, Mr Mokgweetsi Masisi has hailed Batswana for their innovation, citing solar-powered lights which he said were designed at the then Rural Industries Innovation Centre in Kanye as a first in the history of the country. Speaking at a political rally at Maboane to welcome new members to the Botswana Democratic Party (BDP) on Saturday, Mr Masisi said that the solar-powered lights would be patented to prevent foreign companies claiming the idea. He said plans were underway to mass produce and use them across the country, which would help address power shortage and reduce expenditure on power. Mr Masisi also said this innovation was the beginning of good things to come from the country. He also...
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys his beans from Monmouth Coffee Company in Borough Market. "I love it because of the relatively higher acidity level. It keeps me active in the afternoons." Customers willing to pay a premium for African brews, known for their floral, fruity...

Pages