Sunday 22 October 2017
(Botswana Daily News 08/01/17)
Following inspection of A3 road which Covers Francistown/Nata and Nata/Maun by the Minister of Transport and Communication, the Department of Road has been tasked to come up with a unique design for its refurbishment and reconstruction. During the inspection tour Thursday, Minister Kitso Mokaila said the ministry was currently working on maintaining areas that were ‘excessively’ damaged, in particular at Mathangwane village and Nata area. He said although maintenance would be done as a temporary measure since government took a stance to reconstruct the road, the ministry was working on something which would be cost effective considering that it was going to take time for the road to be done completely. “Our aim is to give the road a life...
(Botswana Daily News 08/01/17)
National AIDS Coordinating Agency (NACA) employees have donated benches that sit 70 people to pensioners in Gakutlo. Handing over the benches on Friday during a community outreach programme, acting NACA coordinator Mr Moagi Kenosi said since they have opted to partner with the village in their community projects, they have realised that pensioners did not have a place to sit when they visit the post office for their monthly allowances. As a result, they engaged the department of prisons to craft the benches with funds raised by NACA staff through various fund raising activities and their personal contributions in order to make a difference in the village. Mr Kenosi further emphasised that while it was not the first time to...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands in 2015. The British broadcaster said the bribery was revealed by a former employee, Paul Hopkins. At the time, BAT said “we do not tolerate corruption in our business, no matter where it takes place.” The SFO investigation adds to...
(Botswana Daily News 07/31/17)
Gaborone — The Minister of Finance and Economic Development, Mr Kenneth Matambo says the double taxation avoidance agreement between Botswana and France could boost foreign direct investment between the two countries. Speaking during an occasion to seal a protocol to make amendments to the agreement on Thursday, Mr Matambo stated that the agreement eliminates chances of double taxation of income between the two countries. "I hope this will encourage foreign direct investment between our countries. I wish to mention that Botswana offers a lot of advantages to investors. To mention a few, Botswana has the lowest tax rates in the region. We are also one of the few countries in the continent which
(Bloomberg 07/31/17)
De Beers, the world’s biggest diamond producer by value, said its unit in Botswana is on track to produce the most since 2014 this year, exceeding its annual production forecast. Debswana, as the local division is known, will likely produce 22 million carats this year, exceeding its 20.5 million-carat target, Gareth Mostyn, De Beers’s executive head of strategy, said in a July 27 interview in Gaborone, the capital. De Beers, which also has operations in Canada, Namibia and South Africa, kept its total forecast for the year at 31 to 33 million carats. Global diamond sales edged up 0.3 percent last year to $80 billion as rising demand from the U.S., which accounts for more than half of the world’s...
(MmegiOnline 07/31/17)
The Dalai Lama will visit Botswana next month and meet with President Ian Khama, in a trip that has irked China. The Tibetan spiritual leader, who lives in exile in India, is due to make a public address at the three-day “Mind and Life Dialogue” conference in the Botswana capital Gaborone on August 19. It has been reported that Chinese Embassy officials in Botswana have been “scrambling to stop Botswana from opening its doors to the Dalai Lama.” Beijing has indicated that allowing the Dalai Lama to visit Botswana would set back relations between the two countries. This has raised concerns that Botswana will suffer economic repercussion at the hands of China, and raises questions of whether the Dalai Lama...
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15 percent, ending more than 90 years as a major presence in the continent as it shifts its focus back to Britain and the United States. The losses from the sale of unwanted assets including the Africa business showed the costs...
(AfricaNews 07/27/17)
At a time when Africa is going through a difficult situation, the blue economy is emerging as a stepping stone to relaunch the continent in the right economic direction. But this type of economy is seriously threatened by “predators” who do not hesitate to plunder resources. The “cancer of illegal fishing” costs Africa about $ 1.6 million annually based on Economic Commission for Africa’s estimates. This and more on this week’s edition segment on Business on the Morning Call with Jean David Mihamle.
(AFP (eng) 07/26/17)
Beijing issued a warning to Botswana Wednesday over its plans to host the Dalai Lama next month, asking the African nation to respect China's "core interests". The Tibetan spiritual leader, who lives in exile in India, is due to speak at the three-day "Mind and Life Dialogue" conference in Botswana's capital Gaborone, which begins August 17. China's officially atheist ruling Communist party views the Dalai Lama as a dangerous "separatist" campaigning for Tibetan independence and consistently condemns foreign governments who welcome him. The Dalai Lama, in turn, says he is seeking more autonomy for Tibet rather than outright independence. Chinese foreign ministry spokesman Lu Kang called for Botswana to "earnestly respect"
(Reuters (Eng) 07/26/17)
China stepped up its warning to Botswana on Wednesday over a planned visit by exiled Tibetan spiritual leader the Dalai Lama next month, demanding the African nation respect China's core interests. The Dalai Lama, reviled by Beijing as a dangerous separatist, is expected to address a human rights conference in the capital, Gaborone, on Aug. 17-19 and will also meet Botswana's president. China is a major investor in Botswana's economy. China has already "clearly" expressed its point of view about the Dalai Lama's visit, Foreign Ministry spokesman Lu Kang told a daily news briefing. "Issues relating to Tibet concern China's sovereignty and territory integrity. We demand the relevant country earnestly respect China's core interests and make the correct political decision...
(Voice of America 07/25/17)
European and African ministers are meeting in Tunisia about efforts to regulate the flow of refugees from Africa to Europe, primarily along the deadly central Mediterranean route originating in Libya. In a declaration Monday in Tunis, the capital, the ministers said they agreed on a multi-pronged approach to the crisis, including informing people about the risks of illegal migration and the possibility of voluntarily returning home, addressing why migrants leave home and beefing up actions against human traffickers. Participating in the meetings were interior ministers from Algeria, Austria, Chad, Egypt, France, Germany, Italy, Libya, Mali, Malta, Niger, Slovenia, Switzerland, Tunisia and Estonia, which currently holds the EU Council presidency. Through the first half of 2017, nearly 84,000 migrants arrived in...
(Weekend Post 07/21/17)
First it was the South-China Sea controversy and now it is the impending visit by the Dalai Lama to Botswana, and China is not amused. The Asian giant is telling Botswana to block the Dalai Lama’s visit. Relations between Botswana and China have taken yet another knock as China disapproves of Botswana’s decision to allow the Dalai Lama to visit Botswana and give talk as a guest at a three day conference entitled “Botho/Ubuntu: A Dialogue with the Dalai Lama Spirituality, Science and Humanity”, scheduled for 17-19 August 2017. Chinese officials at the time of the controversy surrounding the South China Sea had adopted a diplomatic approach to Botswana’s criticism of their country. The diplomatic relations between Gaborone and Beijing...
(Mining.com 07/21/17)
Botswana Diamonds MD, James Campbell, has injected his passion and commitment into the company since joining the company as MD in December 2016. The MD of Botswana Diamonds, James Campbell, is the former MD of African Diamonds and CEO of Rockwell Diamonds has devoted his working career to the exploration and development of kimberlites in Africa. This includes a deal which could see the company uncover a new commercial kimberlite mine in South Africa, writes Laura Cornish. The right man for the job Campbell, a mining and exploration geologist by profession, is a respected leader in the diamond industry, with over 30-years’ experience of working with exploration, development and production companies. He spent over 20 years with De Beers, culminating...
(Botswana Guardian 07/21/17)
The long-standing 42-year relationship between Botswana and China is on the brink of collapse as the former is now willing to extend “normal courtesies” reserved for visiting dignitaries during the Dalai Lama’s visit to Botswana. Beijing is talking tough and is in an uncompromising mood regarding Tibetan’s exiled spiritual leader Dalai Lama’s planned visit to Botswana, saying whoever allows the Tibetan spiritual leader to visit then that country is closing relations with China. Addressing visiting journalists and academics from Botswana last week in Beijing, Songtian Lin, Director General of the Department of African Affairs in the Ministry of Foreign Affairs said he was very worried about the deteriorating relations between Botswana and China. “I have a lot of worries,” he...
(AFP (eng) 07/21/17)
The 2019 Africa Cup of Nations will expand from 16 to 24 teams and be staged in June and July, the Confederation of African Football (CAF) announced on Thursday. The tournament has traditionally been held in January and February, with the timing of the tournament a source of frustration to European clubs forced to release players in the middle of the season. The CAF executive committee confirmed the changes to the format following a two-day symposium in Rabat, although the tournament will continue to be held every two years and exclusively on African soil. The decision to increase the number of teams mirrors a similar one taken by UEFA to expand the European Championship, with 24 nations taking part at...
(APA 07/20/17)
Botswana’s Minister of Foreign Affairs Pelonomi Venson Moitoi will be among top officials to preside over a review of applications by Comoros and Burundi to join the Southern African Development Community (SADC), a statement from her ministry stated on Wednesday. Img : Botswana to scrutinize Burundi bid to join SADC “The 19th meeting of the SADC Ministerial Committee of the Organ is expected to deliberate, among others on issues on the consolidation of democracy in the region and the request from the Union of Comoros and the Republic of Burundi to join SAC,” the statement read in part. It says the outcome of the 19th MCO will form part of reports to be considered by the 37th Ordinary SADC Summit...
(Reuters (Eng) 07/20/17)
JOHANNESBURG (Reuters) - Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops last year. Poor business confidence in South Africa and foreign exchange restrictions in Nigeria have also hampered growth. "We expect that African monetary policy is entering a widespread and protracted period of policy easing. This will provide a boost to growth," said John Ashbourne, Africa analyst at Capital Economics. Ghana, which agreed a three-year fiscal discipline deal with the International Monetary Fund in exchange for aid in 2015,...
(Bloomberg 07/19/17)
Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35 percent stake in Safaricom Ltd., Kenya’s biggest company. “We will use Safaricom to enter other markets where neither Vodacom nor Safaricom are,” Chief Executive Officer Shameel Joosub said in an interview at the wireless carrier’s annual general meeting in Johannesburg on Tuesday. The two businesses have a combined 30 million mobile-banking customers, giving them “a very sizeable platform on the continent,” he said. Vodacom’s purchase of the Safaricom stake from U.K. parent company Vodafone Group Plc gives the South African company access to the fast-growing M-Pesa platform, which processed...
(Mining.com 07/18/17)
Shares in London-listed Botswana Diamonds (LON:BOD) climbed Monday to close 9.6% higher at 1.89p after it announced it had been granted a prospecting licence over an additional 1,000 hectares at its Vutomi joint venture in South Africa. Geophysics studies undertaken in the area, which is immediately east of and contiguous to the company’s Frischgewaagt project, indicate that the kimberlite dyke/pipe system being studied extended into the adjacent property, the firm said. The combined area of the two properties covers over 2,700 hectares, Botswana Diamonds said.
(Botswana Daily News 07/18/17)
Government has renamed the University of Botswana (UB) Teaching Hospital after the late former second president, Sir Ketumile Masire who passed away last month. The state of the art facility located at the UB main campus will now be called Sir Ketumile Masire University Hospital. “This is in recognition of Sir Ketumile’s immense and immeasurable contribution to Botswana’s development as the head of state from 1980 to 1998, and in recognition of his role as the UB Chancellor from 1980 to 1998. He was reappointed Chancellor from 2008 until his passing in June 2017,” deputy permanent secretary responsible for information and communication services, Dr Jeff Ramsay explained in a statement. Construction of the 450-bed university hospital started in 2010 and...

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