Eskom says its board chairperson Zola Tsotsi has resigned from the troubled state underpinned corporation. The state owned South African power utility stated that after much deliberation its board has accepted the presentation made by Tsotsi after which there was a “constructive discussion about charting a way forward for the power utility.” It was then following this discussion that he agreed to step down as a Director and Chairperson of the Board. Speaking after the meeting, Tsotsi indicated that the board had unity of purpose and that his decision to step down was in the interest of the company and…
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Canadian firm, Peregrine Diamonds Ltd. says it is in the process of acquiring Diamexstrat Botswana (DES Botswana, a privately held Botswana registered diamond exploration and development company, from Diamond Exploration Strategies Limited, a UK registered private company. DES Botswana has eight highly prospective diamond Prospecting Licences, covering 5,746 km2 in the diamond rich Botswana. According to a statement, the purchase agreement between the two parties will see ownership transfer from DES Botswana and all of its assets to Peregrine in consideration for the grant by Peregrine of a 1% gross overriding royalty to DES UK on all precious stone mineral…
Zambia Electricity Supply Commission (ZESCO) has awarded Aurecon a contract to provide engineering, design and construction supervision services for the US$200 million World Bank funded Lusaka Transmission and Distribution Rehabilitation Project. Zambia’s capital, Lusaka, is regarded as the second fastest growing city in Africa. Its electricity demand has grown at 6% per annum over the previous 10 years, with demand now outstripping the installed capacity of the power system supplying the city. “We are excited to work with ZESCO to increase the capacity and improve the reliability of Lusaka’s electricity transmission and distribution system for the community,” Aurecon project leader…
Stanbic Bank Botswana on Monday 30th March 2015 recognised and rewarded local athletes who excelled in the 21.1km leg of this year’s Diacore Gaborone Marathon (DGM). The initiative follows the renewed 3 year P350, 000 sponsorship contract which gives Stanbic Bank naming rights to the 21.1km. The top Motswana male athlete, in the 21.1km race, Mr. Godiraone Nthompe, came in 1:08:43. His female counterpart, Ms. Mema Tiango, completed her race in 1:22:14. Each received P5, 000.00 cash prizes for their efforts from Stanbic Bank Botswana. “As a bank, we take special interest in local sports development and in nurturing talent…
Local business school, the Botswana Accountancy College (BAC) was honoured at the Botswana Tertiary Education Conference and Fair 2015 (BTEF) as it received top accolades among several other international awards for their exhibition stand. During the fair, the judging committee for the BTEF fair presented BAC the ‘Best Public University’ and ‘Best Overall Stand’ awards for their exhibition. The theme for the stand was an interactive showcase of BAC’s course offering covering Computing and Information Technology, Accounting and Finance as well as Business and Leisure, a ‘portal’ through the BAC experience and offering. Michael Lesolle, BAC’s Executive Director stated that…
Pangolin Diamonds Corp says it has closed a non-brokered private placement financing for aggregate gross proceeds of $404,375 with the proceeds going towards the funding work at the Botswana projects. The company said the offering consisted of 8,087,500 units of the company at a price of $0.05 per Unit with each unit consisting of one common share in the capital of the company and one common share purchase warrant. According to the company, each warrant entitles the holder thereof to acquire one common share at a price of $0.06 for a period of sixty (60) months from the date hereof.…
DHL SSA expects 2015 to be a year of growth for the logistics industry on the African continent, largely driven by increased consumer demand and the rapidly developing e-commerce industry. This will be on the back of projected economic growth of 4.9% this year in the Sub-Saharan Africa’s (SSA) region. This is according to Charles Brewer, Managing Director of DHL Express SSA, who was commenting after the release of Deutsche Post DHL Group’s full year results. DPDHL Group ended 2014 with revenues of EUR 56.6 billion, up 3.1% compared to 2013. Brewer said the company’s increased focus on e-commerce and…
MultiChoice Botswana has upped the ante in working to give Batswana so much more. The brand has announced an enhanced bouquet of offerings, and also shared greater insight into the various charitable initiatives in which it has been involved. Among some of the products highlighted before media at a recent engagement held were the recently introduced Box Office, DStv Catch Up, SuperSport Live Streaming and the DStv Now App. These come as part of the brand’s efforts to ensure enhanced convenience, access and enjoyment for customers. “The uptake of offerings such as Box Office has been pleasing; Batswana have a…
The Kasane conference on the illegal wildlife trade has recommended a raft of measurers in a bid to arrest the unlawful trade in wildlife products. The meeting that attracting a number of delegates from around the world, resulted in a common communiqué that called on the UN General Assembly to address the issue of the illegal wildlife trade at its sixty-ninth session. Illegal trade in wildlife products is estimated to be a business worth around US$10 billion annually that denies economies means of livelihood. The Botswana conference agreed that stakeholders should strengthen partnerships in a bid to reduce the demand…
CITES programme for Monitoring the Illegal Killing of Elephants or MIKE says the overall elephant poaching rates at monitored sites remained virtually unchanged in 2014 compared to the previous year. According to the organisation, poaching rates still exceed natural elephant population growth rates, which means a continued decline in elephant numbers overall is likely. The figures that were presented at the African Elephant Summit at tourism hub of Kasane in Botswana revealed a no increase in the overall poaching trends in 2014, with levels dropping and then levelling off since the peak in 2011. However, with overall killing rates exceeding…