Eighteen year old Galaletsang Ketshogile of Selebi-Phikwe Secondary School is the winner of the Debswana 45th anniversary secondary schools essay competition. Galaletsang scooped the prize at the commemoration of the company’s 45 years of existence which was held at the Debswana Corporate Centre in Gaborone on Monday, 23rd June. Galaletsang won herself a laptop computer, a trophy and a signed copy of Botswana’s Diamonds, a book written by Mike Brook, a Debswana Project Manager. Galaletsang’s school was awarded P20 000 as part of the first prize. Morekolodi Balone of Letlhakane Senior Secondary School got second position and an iPad while…
Author: Editor
Jwaneng, Botswana – Reigning South African champions Anthony Taylor and Dennis Murphy led a Toyota lockout of the podium positions on the Toyota Kalahari Botswana 1000 Desert Race, round four of the Donaldson Cross Country Championship, which ended here today. Taylor and Murphy finished 32 seconds clear of Team Castrol Toyota Hilux team-mates Leeroy Poulter and Rob Howie, with privateers Johan and Werner Horn, in the Malalane Toyota Hilux, continuing their dream start to their premier Class T career with their third podium place in three races. The Horn brothers were around 10 minutes behind Poulter and Howie, but never…
Standard Bank’s Geleza Kleva and Learn series of day-long workshops start in July as part of the build-up to Standard Bank Joy of Jazz. As part of the events’ development programme and contributing back to the various communities, Geleza Kleva and Learn has been specially designed to give learners the opportunity to learn more about the music business, and highlights the different careers available as well as the challenges in the industry. The programme aims to assert the music Industry’s role as an important role player to broader society. The festival believes that there is an indelible role that the…
“There are huge opportunities in power generation because of the demand in the region,” says Engineer Joseph Njoroge, Principal Secretary at Kenya’s Ministry of Energy & Petroleum. The ministry is a long-time supporter of the annual East African Power Industry Convention (EAPIC) and this year’s host ministry. The event returns to Nairobi again once again from 3-4 September and will gather the region’s leading power utilities, investors and technology and service providers. Specific road map to 5000MW Over the last nine months, the ministry has embarked on a very ambitious plan to reach the 5000 megawatt generation capacity in Kenya…
BotswanaPost and Botswana Tourism Organisation have launched the Lions of Chobe commemorative stamp, which is expected to showcase the country’s tourism around the world. The stamps will be sold for one year. According to officials, it was decided on the lions from thatpart of the country to express their plight since they still face tremendous threat, although surveys show they are not that dangerous to people as many would say.These cats that attract thousands of tourists to the country are predominantly present in and around The Okavango Delta, Chobe, Central Kalahari and areas around Kgalagadi Transfontier Parks.”…we deliberately chose to commemorate the Lions of Chobe or…
Signet Jewelers Limited, the largest specialty jewelry retailer in the US, UK and Canada, says Ronald Ristau has resigned from his position as Chief Financial Officer, effective July 31, 2014, and Michele Santana, currently Signet’s Senior Vice President and Controller, has been promoted to Chief Financial Officer Designate, effective immediately. Santana will succeed Ristau as Chief Financial Officer of Signet following his departure. Santana joined Signet in 2010 and has served as Senior Vice President and Controller since that time. Throughout her tenure, she has played a key role in all aspects of the finance function, including Signet’s recent acquisition…
fastjet, the low-cost pan-African airline, has introduced a pre-paid seating option on all flights to and from its international and Tanzanian domestic destinations from 3rd July 2014. All passengers flying to and from the airline’s seven destinations will continue to be assigned a seat free of charge when checking in at the airport, but they now have the option of selecting and paying for a preferred seat when booking their flights, or adding this preference to their booking up to 24 hours prior to their flight departure. There are two types of allocated seats available for purchase across fastjet’s fleet…
Firestone Diamonds said it has commenced its development programme to build and commission the Main Treatment Plant and supporting infrastructure at Liqhobong after the completion of project financing recently. The move will pave way for the UK based company to ensure the project is delivered in H1 2016 and, as importantly, on budget with the development being executed by Firestone’s projects team, led by the Chief Project Officer, Glenn Black, who was appointed to the company in February 2014. “To date the company has commenced decommissioning and removal of the existing Pilot Plant and this is approximately 30 percent complete.…
Discovery Metals Limited has appointed Foster Stockbroking Pty Ltd to act as corporate advisor in respect of a proposed equity recapitalisation. “Foster Stockbroking Pty Ltd is a highly regarded growth focused investment bank based in Sydney, Australia. Their client base spans across Australia, Asia, US and the UK and comprises both institutional and strategic investors”. Discovery Metals and its lenders agreed to a legally binding term sheet for the reduction of its existing interest bearing debt and re-profile repayments of outstanding debt, thereby reducing existing interest bearing debt from US$159 million to US$100 million (Debt Re-Profile). “The company and…
Eskom says following the local and foreign currency downgrade of the Sovereign to BBB-, on 13 June 2014, credit rating agency Standard & Poor’s (S&P) has downgraded the long-term local and foreign currency rating of state utility company to BBB- from BBB. The agency has alsoplaced Eskom on CreditWatch with potential negative implications.The South Africa’s power utility said the downgrade is in line with the ratings criteria of a state-owned company however the CreditWatch is specific to resolution of Eskom’s capital structure.”Eskom notes the ratings action by S&P and we are certainly concerned about the CreditWatch which has negative implications. We are confident that a solution will…