BancABC has released yet another set of sterling results for the year ended December 31, 2013. The banking group continued to reap the benefits of its move into fully-fledged universal banking. Business volumes have significantly increased across all banking segments resulting in a 49% growth in attributable earnings to BWP 198 million from BWP 133 million in 2012. Basic earnings per share (79.6 Thebe) were, however, only 10% higher (2012: 72.1 Thebe) due to the increased number of shares in issue following the rights issue that was concluded in July 2012 and the conversion of an IFC loan to equity…
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Orapa, Letlhakane and Damtshaa Mines has produced a documentary dubbed ‘Desert Heaven’ in its efforts to position the Orapa Game Park as one of the most diverse wildlife sanctuaries and the gateway to Makgadikgadi. The documentary falls under the ‘Orapa today and Tomorrow’ project, which is designed to bring opportunity to the people of Boteti by creating a unique wild life sanctuary, opening a museum, encouraging visits to see the process of mining for diamonds and establishing a strong commercial and educational presence. According to Orapa Hospital Superintendent and Orapa Game Park Committee Chairperson Dr Hans Van Zyl, the recently…
China’s Ambassador to Botswana, Zheng Zhuqiang has committed to promote Botswana diamonds in China as part of his mandate of enhancing bilateral relations between the two countries. Speaking during a visit to Jwaneng Mine , Ambassador Zhuqiang commended the mine for its active role in the international mining space. “I am very impressed with your mining processes and fascinated by your pit. I commend you for being the biggest diamond producer by value, in the world. This visit has enlightened me more on Botswana’s economic backbone, being the country’s diamonds and I will ensure that I tell the good Botswana…
SIA and Orange Business Services have signed a collaboration agreement that will enable European and extra-EU banks and merchants to manage payments via mobile point of sale (POS) terminals. More specifically, Orange Business Services will provide a managed M2M solution with global roaming services enabling remote terminals to automatically transmit data to the SIA technology infrastructure. The agreement will allow SIA to take a significant step forward in the creation of a single operating network at the European level which will collect payments traffic generated by wireless POS terminals and other channels of merchants and then deliver it securely and…
Stanbic Bank Botswana parent, Standard Bank Group, Africa’s largest bank by assets, has walked away with numerous accolades at the 2013 EMEA Finance Achievements Awards, including the house award for being named the Best Syndicated Loan House in Africa. Some of the notable transactions for which EMEA Finance recognised Standard Bank in 2013, were for Standard Bank’s role in arranging Aspen’s multi-billion dollar funding package, and assistance and support of the African Finance Corporations’ syndicated loan – their loan market debut. Standard Bank Group was also recognised in the following categories: Best supranational bond in EMEA – Afreximbank’s US$500mn bond…
As part of the on going Adopt-A-School initiative to which Botswana Insurance Holdings Limited (BIHL) Group has pledged its unwavering dedication, the Group have, through the BIHL Trust, officially handed a library at Kuke Primary school. Kuke Primary School is the 6th school to be adopted by the BIHL Trust, with over P 600 000 spent so far, the new library was officially handed over in the presence of Honourable Minister Johnny Swartz, Minister of Infrastructure, Science and Technology and Kgosi Nxhogae of Kuke Village. Also present was the Director of Regional Operations (Ghanzi) Mr. G. Mohube, a representative from…
Lansmore Roof Top Masa Square will on March 31 2014 be abuzz with activity as the 2013 St Louis Export Top 40 Under 40 comes to an end. Some of the country’s most renowned and revered thinkers will be present on the night to celebrate and support the brand’s initiative which intends on conducting the Top 40 annually under various themes. “We wish to thank all who have participated in this process and brought it to life as we now move into the final phase of this season’s Top 40. This initiative has surpassed our initial expectations, which is why…
The Ministry of Environment Wildlife and Tourism (MEWT) through the Department of Forestry and Range Resources (DFRR) has informed the general public that subject to provisions of the Agricultural Resources Conservation Act (Cap 35: 06) and its associated Regulations, any person who wishes to deal in or export any veld product must obtain a dealer and or export permit for that product. The ministry added that any person who contravenes these regulations, or who makes a false statement in order to obtain a harvesting, dealer or export permit commits an offence and is liable to a fine or imprisonment or…
APR Energy , a global leader in fast-track power solutions, has announced the signing of a mobile gas turbine contract to provide fast-track power to an industrial customer in the South Pacific. The plant will comprise mobile gas turbines producing a guaranteed 60MW and will power the customer’s mining operations. APR Energy’s fuel-efficient mobile turbine plant was the customer’s preferred solution, meeting strict EU emissions requirements and able to fit within the challenging space constraints at the mine site. APR Energy’s plant will run on diesel and offers the flexibility to seamlessly switch to natural gas if needed. The project…
Standard Bank, trading as Stanbic Bank Zambia, advised Copperbelt Energy Corporation Plc. (CEC) on the structuring of a 387.5 million kwacha (USD70 million) capital raise through a rights offer process. The success of the transaction will enable the company to expand its power and energy solutions across Zambia and the rest of Africa. The transaction is the second-largest equity raising ever conducted in Zambia and highlights Standard Bank’s ability to use its on-the-ground presence and investment banking expertise across the 20 African countries in which it operates. Standard Bank has a long-standing relationship with CEC, Zambia’s second largest power utility,…