The organisers of the Copperbelt Mining Trade Expo and Conference or CBM-TEC in Zambia’s mining hub of Kitwe say they have doubled the size of the workshop space for this year’s event that will be held from 5-6 May. The decision follows the impressive attendance of the free workshops at the last year’s expo that gathers thousands of mining experts and service providers to the industry in the heart of the Zambian Copperbelt. “Last year the launch event attracted some 1400 visitors which indicated that we are addressing a great need in the industry,” said CBM-TEC event director Nicole Smith.…
Author: Editor
Stanbic Bank Botswana will, for the third consecutive year, sponsor the annual Diacore Gaborone Marathon (DGM). The Bank has announced a 3-year commitment to sponsor the infamous sporting event for P350,000.00 with a particular focus this year on the 21.1km race. “We are tremendously excited to partner with Diacore Gaborone Marathon for the third year in a row and to grow this relationship even further,” said Stanbic Bank Head of Corporate and Investment Banking, Mr. Tasha Ferreira. “This effort is largely driven through our Corporate and Investment Banking (CIB) division, a testament to the increasingly close alignment with the…
Regular attendees at Lansmore Masa Square’s Espretto Quiz Nights can rejoice as the popular trivia platform has returned with a bang. Hosted by the ever-popular Quiz Master, Simba Mudereri, the Quiz Night recently made its return for 2015. Back with a bang, the weekly instalment will take place in its usual 19h00 time slot at Espretto. Espretto Quiz Night was introduced in 2014 as a way to encourage trivia junkies to come together and unwind after a day at the office. Whether a die-hard fan of the evenings or a newbie keen to try their luck at taking home the…
MICROmega Group Company, NOSA, a global leader in the provision of occupational health, safety and environmental “HSE” services, has secured a local partner for its Swaziland operations. NOSA acquired Swaziland Occupational Safety and Health “SOSH” approximately seven years ago and it has always been NOSA’s intention to source a local partner to assist in growing the business. Through the disposal of 49 percent of SOSH to a local businessman, Barnabas Mhlongo, this requirement has now been met and positions the business for future growth. Mhlongo has also been appointed as executive chairman of SOSH and will assist in expanding the…
The South Africa’s Department of Energy is throwing its full weight behind efforts by the utility industry to find urgent and sustainable solutions to current energy challenges, the African Utility Week event director Evan Schiff has revealed. According to the organisers, the department has committed to a three-year partnership with the conference and exhibition that annually attracts more than 5000 power professionals from across the globe and takes place from 12-14 May in Cape Town. “Not only will the Honourable Minister Tina Joemat-Pettersson address our opening session, she will attend our unique CEO Forum, that brings together utility leaders from…
Mining major, Rio Tinto said its latest Taxes paid report shows the group has continued to make contribution to public finances around the world and details payments made to governments in the countries where it operates. The report details US$7.1 billion in taxes paid by the company around the world in 2014 with the voluntary report revealing that the majority of taxes and royalties were paid in Australia (US$5.6b), Canada (US$432m), Chile (US$262m), United States (US$211m), Mongolia (US$185m), South Africa (US$110m), France (US$106m), Guinea (US$67m), Singapore (US$44m) and UK (US$29m). The report shows last year’s global effective tax rate was…
Debswana said it will hand over the Kalamare Community Hall, which was built at a cost of P650 000, on March 20, 2014. According to diamond mining company, the construction of the hall began in 2013 after a request from the Kalamare Village Development Committee for such a facility. A press release stated that the hall will be used for community activities including workshops, and seminars and will be available for hire for events to generate income for further developments in the village. Debswana’s Head of Corporate Affairs, Esther Kanaimba-Senai, revealed that when the Kalamare VDC expressed its urgent need…
The country’s two major airports, Maun and Sir Seretse Khama International (SSKIA) have continued to outperform each other as shown by the recent data released by Statistics Botswana. The statistics body said on its Transport and Infrastructure Statistics for Quarter 3 of 2014 that Maun is the busiest by aircraft movement while the Gaborone based SSKIA handles more international traffic. During the period, a total of 24,870 aircraft movements were recorded for Q3 2014. This was a total increase of 9.4 percent when compared to the 22,735 aircraft movements recorded in Q2 2014, according to Statistics Botswana. It added…
Firestone Diamonds, the AIM-listed diamond development company, has released its half year interim results for the six months ended 31 December 2014 that showed the loss for the period decreased by US$3.3 million to US$4.4 million (H1 2014: US$7.7 million). According to the company, the loss for the period under review included accounting losses on foreign exchange movements of US$2.1 million and lower corporate costs of US$1.6 million (H1 2014: US$2.2 million), which were, however, offset by finance income of US$0.3 million (H1 2014: Nil). Firestone said it recorded the loss per share of 1.5 cents (H1 2014: 8.8 cents),…
ABC Holdings Ltd, the pan African banking group also trading as BankABC has receieved another war chest from another development financial institution to finance small businesses where it operates. The unlisted bank has been given access to US $50 million multi-currency line of credit by African Development Bank Group (AfDB) to allow the Botswana domiciled bank to reach out to SMEs in Africa. “The AfDB LoC will enable ABCH and its three selected subsidiaries to reach a larger number of SMEs across a wide range of sectors by offering medium- to long-term loans, which are not currently accessible for local…