BotswanaPost Foundation officially handed over a project in Parakarungu village recently under its Corporate Social Responsibly Programme. The project which was led by staff in the Northern Region entails the installation of a standpipe and fencing of a yard for an elderly citizen. Speaking at the ceremony, the Member of Parliament for Chobe, Gibson Nshimwe said BotswanaPost truly epitomised their tagline ‘We deliver, whatever wherever’. “Even though they are in the mail business, we are gathered here to celebrate the fencing and standpipe that BotswanaPost has brought to Parakarungu and the Masene family. We in Parakarungu graciously thank you for…
Author: Editor
An innovative joint venture between Hollard Life Botswana and BotswanaPost will bring funeral and parcel insurance products within reach of non-traditional markets and potentially pitch the rapidly-growing insurance group towards securing significant market share within the next year. Hollard Life Botswana Acting CEO, Mr Modiri Phuthego says given BotswanaPost’s substantial national footprint, the initiative will reach the emerging market of traditionally unbanked citizens in informal employment. “The joint venture harnesses Hollard Life Botswana’s expertise in delivering affordable funeral insurance and the reach of BotswanaPost’s extensive branch network, thereby facilitating greater insurance penetration,” he says. The partnership will also transform the…
A reception on the occasion of the visit of Maxim Shkadov, General Director and CEO of Smolensk Kristall, President of the International Diamond Manufacturers Association (IDMA) to Botswana took place at the Embassy of the Russian Federation in Botswana recently. Representatives of the Ministry of Minerals, Energy and Water Resources of Botswana, the President’s Administration, Okavango Diamond Company and De Beers were present at the event. As it was pointed out, Botswana is interested in adopting the experience of a company with a more than half a century’s history in the field of diamond processing. For Botswana, it is a…
Capital Raising A-Cap Resources Limited announced that the Company’s board of directors has resolved to raise $5.8 million by way of: a placement to raise $1.32 million from institutional investors based in the United Kingdom; and a subsequent non-renounceable, entitlement offer to shareholders of approximately 81,824,282 new shares on the basis of one (1) new share in the Company for every 3.5 shares held, at an issue price of 5.5 cents per share to raise approximately $4.5 million, which will be fully underwritten; Proceeds from the Capital Raising will be used to enable the company to complete further feasibility work…
Barrick Gold Corporation says it has completed the divestiture of its minority interest in the Marigold mine (“Marigold”) in Nevada to Silver Standard Resources Inc. (“Silver Standard”) for total cash consideration of $86 million, subject to certain closing adjustments. Barrick had previously held a 33.3% interest in Marigold, with the remaining 66.7% interest owned by the operator, Goldcorp Inc. (“Goldcorp”). Barrick’s share of proven and probable reserves at December 31, 2013 was 1.4 million ounces1, and its share of measured and indicated resources and inferred resources was 0.2 million ounces1 and 0.1 million ounces1, respectively. The transaction is a result…
Pangolin Diamonds Corp. has provided updates on its exploration activities in Botswana at its 100% owned projects. Tsabong North Project, southwestern Botswana At Tsabong North, one diamond drill continues to test exploration targets, including the Magi kimberlitic target. Five diamond drill holes were completed between January 24 and February 22, 2014. At Magi, a magnetic high, two holes – Magi005 and Magi006 – were completed. Intervals of 36 meters and 46 meters of kimberlitic sandy tuff were intersected respectively. Thirteen samples of the sandy tuff from drill hole Magi005 were delivered to the Saskatchewan Research Council Laboratories (“SRC”) in Canada…
fastjet, Africa’s low cost airline, is pleased to announce that it has signed an agreement with Lusaka-based regional airline Proflight Zambia, enabling passengers of both airlines to travel easily between 15 destinations across Zambia, Malawi and Tanzania served by the two carriers. This alliance not only will see both airlines expand in reach but also establish Lusaka as a regional aviation hub. fastjet will solely service the route between Dar es Salaam and Lusaka from 1 May 2014, as well as Tanzanian domestic routes from Dar es Salaam, while Proflight will service its existing domestic routes in Zambia, and…
Botswana Insurance Holdings Limited (“BIHL”) notifies its shareholders that Sanlam Emerging Markets (Pty) Limited (“SEM”) has acquired an additional 5.07% or 14,254,443 shares in BIHL as of 12 March 2014, bringing up its total shareholding to 58.29% of the total issued shares of BIHL. The shareholding of 58.29% is the total Sanlam beneficial shareholding. The shareholding is split between the following entities: African Life Assurance Company – 17.29%; and SEM – 41%. Both African Life Assurance Company and SEM are wholly owned subsidiaries of Sanlam, which is accordingly the ultimate beneficial shareholder. Botswana is a key market for Sanlam and…
Further to the announcement of 19 February 2014, Firestone Diamonds plc, the AIM-quoted diamond development company, today confirms that the Share Sale Facility closed on Friday 28 March 2014 and the process of delisting from the Botswana Stock Exchange has been completed. Results of the Share Sale Facility 13 shareholders holding, in aggregate, 29,769 ordinary shares of 1 pence each in the issued share capital of the Company (“Ordinary Shares”) accepted the offer under the Share Sale Facility. The remaining 19 shareholders holding, in aggregate, 102,231 Ordinary Shares opted to retain their shareholding, which will be transferred to…
Digital textbook platform Kortext have announced the launch of an eBook platform for the Botswana market. The launch sees a partnership between Kortext and Books Botswana’s parent company, John Smith International. “Books Botswana will be working with institutional partners to introduce the benefits of eBooks for faculty and students. In addition to providing access to digital textbooks, lecturers are able to use the Kortext service to request and access review copies of textbooks and help plan their courses for delivery on a digital platform,” commented John Smith’s International Managing Director, Andy Free. Kortext offers on-line and offline access to key…