Friday 15 December 2017
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday in Windhoek said that the aim of the event is to promote a holistic private sector engagement, raise a sense of ownership and accountability for heritage protection as well as transmission of World Heritage sites in Namibia and Africa. "To...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr Bayor,” AIBA said in a statement on Monday. It found Bayor had “committed serious and unacceptable violations of the AIBA Disciplinary Code” at the tournament in Congo Republic. AIBA said the ban was from all boxing activities and responsibilities and...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope to look past Brexit turmoil. “Even if I hadn’t had the money put aside, I would have found a way to pay for it,” said Corrie, 50, who estimates the business she runs with her husband would have lost 10,000...
(Xinhuanet 09/08/17)
Communication ministers from the Southern Development Community (SADC) countries vowed on Thursday to turn the region into an information and knowledge-based economy. This emerged from a ICT (information and communication technology) meeting taking place in Durban, a coastal city in southeastern South Africa. Communication ministers from 15 SADC countries have been meeting in Durban since Monday to discuss the region's ICT infrastructure. The meeting, also attended by policy regulators, implementing agencies and ICT industry players, was designed to help create a more integrated region and help move its communication systems forward. "An accessible, affordable and reliable telecommunications is essential for us to benefit from the Fourth Industrial Revolution which has the potential to leapfrog SADC region economically and socially as...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist group. “Journey to Extremism in Africa: Drivers, Incentives and the Tipping Point for Recruitment” presents the results of a two-year UNDP Africa study on recruitment in the most prominent extremist groups in Africa. The study reveals a picture of a...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for its manganese. While ARM is “confident in the long-term outlook for commodities,” the company said prices will “remain volatile” this year. The rand, in which ARM pays most of its costs, has strengthened against the dollar this year, reducing earnings...
(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...

Pages