The Botswana and Southern Africa’s focused natural gas explorer, Tlou Energy, said it has signed a Gas Sales Co-operation agreement with CNG Holdings (Pty) Ltd—in a move that provides framework for the sale of gas for power generation and to industrial customers via compressed natural gas. According to listed company, the two parties will target industrial users in Botswana that currently utilise imported fuels such as diesel or LPG. Tlou Energy will provide further details as binding agreements are finalised. The deal will help in delivery of Tlou Energy’s proposed gas to power (GTP) project to supply local power generation…
Author: Editor
The Competition Authority will hold the Fourth Annual National Competition Conference at the Gaborone International Convention Centre (GICC) on Thursday 26th March, 2015. The conference runs under the theme ‘’Competition and the Supply Chain’’. The conference will be officially opened by the Minister of Trade and Industry, Vincent Seretse. According to the competition body, the conference is aimed at creating a platform for the Competition Authority and the Competition Commission to engage with key stakeholders. It will draw participants from business, tourism, agriculture, labour, non-governmental organisations, civil society, government, academia and participants from the political sphere. The keynote address will…
De Beers says 2014 was a strong year for diamond jewellery demand across the world—as the mining major said there was growth in mature and emerging markets. The group stated that global demand for diamond jewellery grew by three per cent last year rising to a new $81 billion high, according to Diamond Insight Report. According to the report, there was positive growth in consumer demand for diamond jewellery in local currency terms in 2014 across all the top five diamond markets, which between them account for about 75 per cent of global demand. The consumer demand in the US,…
Debswana Diamond Company’s recently announced scholarship programme will create a pool of mining experts that are in short supply in the country’s extraction industry to coincide with a period when mines are getting deeper and bigger, the company’s managing director has revealed. Balisi Bonyongo, an Engineering graduate himself, said in an interview that they want to supplement government’s skills training, but their focus will be on specific courses. However, he revealed that there will be no guarantee of employment on completion of programmes. “There is no guarantee of employment,” he said, adding that Debswana is a big company and significant…
Bloomberg New Energy Finance will hold its Future of Energy Summit on 13-15 April at the Grand Hyatt in New York—with the event expected to welcome more than 1,000 global energy leaders. The forum is one of the most respected in the energy industry, gathering together the executives, senior investors and policy-makers who collectively drive the world’s transition to cleaner energy. This year’s theme, “opportunities in transformation” will be explored in 45 sessions covering key areas for the future of utilities and the energy system worldwide: those areas are power generation, grids, connected homes and vehicles. Michael Liebreich, chairman of…
Eskom, the South African power utility said the price increase to be implemented on 1 April 2015 to its direct customers is still 12.69% and for municipalities is set at 14.25% as from 1 July 2015. These tariff increases, according to the company, are as they were approved by the National Energy Regulator of South Africa (Nersa) in November 2014. The troubled company revealed that its current financial position, as a result of historical non-cost reflective tariffs and the lag in recovery of eligible expenditure, does not afford the balance sheet the ability to pre-fund ‘further costs that are necessitated…
Water, one of the scarcest commodities in Africa, is a subject that deserves the attention of all. Gone are the days of large organisations wanting to conceptualise, build and own all solutions themselves. This is largely due to the growing realisation that more innovative, and in many instances, market-ready solutions can be found by opening up the search for solutions to ‘the crowd’. A testament to this is the recent results of the Standard Bank Water 4 Africa competition. This year, Water 4 Africa saw the use of crowdsourcing, via Standard Bank’s IdeaScale platform, to attract people from Africa and…
The Francistown Bowling Club hosted their annual sports weekend on the 13th-15th March 2015. The event which was sponsored by Botswana Insurance Company (BIC) this year received the largest turnout for tennis compared to the previous years. A total of 130 participants turned up for the event to participate in different sport codes which included tennis, badminton, snooker,pool, bowls and darts. The games were played in elimination rounds leading up to the finals and those who did not make it to the finals could only watch from the sidelines. Despite the tough competition the games were played in great…
Despite the vast opportunities that Africa is presenting to various brands and businesses, communicating with the continent’s one billion consumers can be a challenge due to the various cultures, political situations and language barriers that exist. This is according to Megan Collinicos, Head of Advertising and Public Relations for DHL Express Sub-Saharan Africa, who said that should messages and channels not be correctly targeted and adapted for this growing market, the success rate of businesses expanding into this region is significantly diminished. Collinicos points to the recently released Nielsen’s Emerging Market Insights research(2), which highlights that consumers in Africa are…
Gem Diamonds Limited said 2014 was a solid year for the group as it successfully delivered on a number of key growth objectives including bringing Ghaghoo mine into production and significantly enhancing operational efficiencies at Letšeng and delivering a maiden dividend. The company revealed this when announcing its full year results for the period ending 31 December 2014. Its revenues were up 27% to US$271 million while attributable net profit US$33 million, which was a change of 57%. According to the London listed company, during the year it demonstrated a strong operational performance, delivering on a number of strategic objectives,…