Prices of most commodities, particularly oil, are expected to remain weak for the remainder of this year and through much of 2015, the World Bank said in its latest issue of Commodity Markets Outlook. Growing concern over a slowdown in the Euro Area and emerging economies, a strong US dollar, a well-supplied oil market and good crop prospects have contributed to a weakening of many commodity prices since the summer. The World Bank energy price index declined by about 6 percent during the third quarter, after being broadly stable in the first half of the year. “A broad-based expansion in…
Author: Editor
Lovers of stand-up comedy will on Friday, October 31st witness a historic comedy show. Get ready for some healthy action night as the multi-award winner in the local comedy industry Mawee records his comedic talents at Cresta President Hotel for a night of healing, in non-stop laughter. One-man standup comedy shows are a worldwide phenomenon, having launched many a career for standup comics internationally. Don’t miss the 2014 President’s Day Champion and 2nd runner-up in a national competition Oefile ‘Mawee’ Mokgware from Gabane in an all new critically acclaimed and very hilarious comedy package, full of humor. Joining him on…
The Botswana Chamber of Mines (BCM) Business Development Project will support and nurture local participation of local manufacturing companies and service providers in the mining industry. The project launched recently has the potential to reduce goods that the country imports from abroad, transformation of the industrial landscape and employment creation, according to Minister of Trade and Industry, Dorcus Makgato-Malesu. “Now, if we can facilitate the manufacturing of some of these in country, imagine the difference it will make. And this is in terms of economic growth, diversification of locally manufactured products and employment,” she said. In the year 2009/10 the…
Five local artists combined their talents in painting, drawing, and sculpture to bring to Gaborone a fine art exhibition at the main gallery in the National Museum since Tuesday, October 14th, up until the 1st of November, 2014. Rooted in Botswana’s landscapes and people, who serve as inspiration to form a unifying backdrop, the five Gaborone-based artists gave a show to remember. Artists Matthew Biorn from the USA, and Joost van Hasselt from the Netherlands, will be debuting their work in partnership with three veteran Batswana artists, Velias Ndaba, Mokwaledi, and Albert Lekgaba. Officially launching the art exhibition, Consul of the…
Eskom said the construction of the Sere wind farm reached new heights this week with the energising of the transformers of the first string of seven wind turbine generators, a move that paved the way for the company to proceed with the final commissioning of these turbines. Sere wind farm is South Africa’s power utility company’s first large-scale renewable energy project, and forms part of our commitment to renewable energy and reducing our carbon footprint. Eskom’s Senior General Manager for Renewables, Ayanda Nakedi, said last Friday (10th October 2014) we synchronised the first seven wind turbines to the national grid,…
The One & Only burger has finally met its match. With a number of “almosts” since the culinary feat was introduced in February of this year, and after an army of contenders have tried their luck, a victor has at long last been identified. The burger was conquered on Wednesday 15th October 2014 before the cheering, chanting crowd outside Espretto, Lansmore Masa Square. The champion, Mr. Meshack Moseki, been awarded the rolled over prize of P9,000.. Indeed, he has also earned the respect of hundreds of onlookers and fallen contenders from weeks passed, as well as, no doubt, bragging rights for…
To promote a well sustained conducive environment for Botswana Private Sector in global markets, BOCCIM is in regular external engagements with the private sector of various countries around the world. Currently we are promoting a mission to Macao for Investment Trade and Investment Fair (MIF) accredited by the Global Association of the Exhibition Industry (UFI). The highly international recognised event is collectively set for the 23rd-26th October 2014. This year’s installed 19th MIF aims at showcasing Macao’s strengths as a World Tourism and Leisure Centre as well as a trade and business provider between China and Portuguese-speaking countries (PSC’s), and…
Botswana government says it has found it important to secure the supply of petroleum products as seen by the creation of the state owned oil company. Botswana Oil Limited (BOL), the new kid on a raft of government owned entities, will be used to safeguard the security of supply of petroleum products in the country. When launching the new company, owned 100 % by taxpayers, President Ian Khama said petroleum products in the modern world play a critical role in turning the wheels of industrial development and in turn improving the economic well-being of nations. “Without a continual and secure…
Continental Coal Limited has admitted that given the timetable for completion of the refinancing or sale of the company’s 74% interest in its South African subsidiary, CCL SA, it is unable to restore its securities to trading on AIM in the immediate short term.“As the company’s securities have also been suspended from trading on AIM for over six months, under the requirements of Rule 41 of the AIM Rules for Companies Continental’s admission to trading on AIM will be unfortunately cancelled, effective 7am Wednesday, 15 October 2014,” Continental Coal said in a market update.“Appropriate arrangements will be made for all…
Signet Jewelers Limited, the largest specialty jewelry retailer in the US, UK and Canada, has announced the resignation of Michael Barnes from his position as Chief Executive Officer and from the company’s board of directors, effective October 31, 2014. The company said Mark Light, currently Signet’s President and Chief Operating Officer, will succeed Barnes as CEO and will also join board of directors. Signet is also reaffirming its financial guidance initiated in its second quarter earnings release on August 28, 2014. Signet’s Chairman Todd Stitzer, said they delighted to announce Mark’s promotion to Chief Executive Officer of the company saying he…