The countdown to the fourth annual Diacore Gaborone Marathon (DGM) is on, with the registration deadline having been extended to accommodate more entries. For the second year running, Stanbic Bank Botswana, Corporate and Investment Banking, serves as the Diamond Sponsor of the fourth annual Marathon. This year’s marathon event is set to take place on 30th March 2014 at The Grand Palm Resort. Participants can choose from four race options to cater for seasoned runners, sports enthusiasts, friends and families alike. Race options include: a marathon – 42.2km; half-marathon – 21km; 10km, and fun run/walk – 4km. The Diacore Gaborone…
Author: Editor
Firestone Diamonds plc, the AIM-quoted diamond development company, has announced the appointment of Glenn Black as the Chief Project Officer for the implementation of the fully-funded (subject to certain conditions precedent) Liqhobong Diamond Mine, located in the Lesotho-highlands. Glenn Black joins the Firestone Senior Management Team with 40 years’ experience in the mining industry. Glenn has over 30 year’s project experience at a senior management level, having managed the full project life cycle for numerous projects from project conceptual and feasibility studies through to construction, commissioning and steady state production. Glenn spent over 20 years with the De Beers Group…
Sebata, a subsidiary of JSE-listed MICROmega Holdings, has been accredited by the Finance and Accounting Services Sector Education Training Authority (FASSET) on various financial standards that confirms it offers a high quality of training -and has excellent management principles in place. Sebata’s FMS Skills Programme will enhance the competency levels and strengthen learner skills through effective work-based assessment strategies. “Additionally, since the training programme offered by Sebata is credit bearing all participants can claim the training expense against their Mandatory Grant,” said Dylan Strydom, managing director of Sebata. “This, said Strydom, “will also assist all Sebata clients in employee development,…
Stanbic Bank Botswana parent, Standard Bank Group, has been recognised as the number one Sub-custody provider in six African countries in Global Investor magazine’s annual Sub-custody Survey. The recognition was achieved for Standard Bank’s activities in Kenya, Namibia, Nigeria, South Africa, Swaziland and Zimbabwe. The awards were published in the January/February edition of Global Investor, a flagship title of Euromoney Institutional Investor plc., which connects the industries of asset management, asset servicing and securities finance. Standard Bank’s strong balance sheet, depth of expertise and on-the ground presence in 18 African markets enables it to serve the increased level of investor…
Kimberley Diamonds Limited has completed the acquisition of Mantle Diamonds Limited, including Mantle’s wholly owned Lerala Diamond Mine in Botswana, which is currently on care and maintenance. Under the terms of the acquisition, the shareholders in Mantle will receive 13,566,317 new ordinary KDL shares to be issued on 24 February 2014. Mantle’s majority shareholders, being funds managed or advised by Pacific Road Capital Management Pty Ltd (“Funds”) will now have an overall stake of 10.29% in KDL. For a period of 12 months from 24 February 2014, each of the Funds holding KDL shares on their own behalf issued to…
D’Oré, the multi-brand fashion house that is home to some of the world’s top luxury fashion brands such as Emilio Pucci, Escada, Cavalli, Armani Collezioni, Rupert Sanderson, Elie Tahari, Herve Leger and Vanessa G, amongst others, will showcase their latest collections and quintessential looks on the catwalk at this year’s Veuve Clicquot Masters Polo Cape Town. Synonymous with flutes of champagne and exquisite couture fashion, guests of the fourth annual Veuve Clicquot Masters Polo 2014 are set to attend what has now become South Africa’s most exclusive and luxury polo event on the Western Cape’s social calendar on Saturday, 01…
Tlou Energy Limited has announced that the 2014 core-hole drilling program has commenced at the Lesedi CBM Project area in Botswana. The first of the three new core-holes was spudded at 08:30am on Friday 21 February 2014. “The well locations for the program have been selected to provide important infill data on the coal quality in and around the current pilot pods to assist with both initial reserves certification and identification of additional drilling sites for an expanded pilot well program,” it said. It is anticipated that the data collected from the three core-holes, along with the data collected from…
Paragon Diamonds Limited, the AIM quoted diamond development and production company, says its 85% owned Lesotho subsidiary Meso Diamonds has now finalised the terms and conditions of the Mining Lease Agreement with the Government of Lesotho for the mining of the Lemphane Kimberlite Pipe in Lesotho. This will allow the company to initiate preparations for, and commence, Stage 1 production at Lemphane. According to the company, the mining Lease has been granted for initial ten years, renewable for three consecutive ten year periods subject to the terms of the Mines and Minerals Act of 2005. The stage 1 of a…
Against the background of a rebound in the global environment during 2013, First National Bank Botswana reaffirmed its ability to stay strong. This was made evident in the release of the Bank’s unaudited summarised financial results and dividend announcement for the half year ended 31 December 2013. The results were largely driven by the substantial growth in new business for the period under review. “To be able to appreciate our financial results in the context of the global and local economic climate, it is important to understand the challenging times our businesses have been operating in,” said FNB Botswana CEO,…
Firestone Diamonds plc, the AIM-quoted diamond development company, says as previously set out to shareholders in the company’s notice of annual general meeting for 2013, it is in the process of delisting from the Botswana Stock Exchange (BSE). Firestone’s principal investment in Botswana is its BK11 mine. The mine was placed under care and maintenance on 28 February, 2012, following a strategic review, when it was decided to focus on the Company’s interests in the Kingdom of Lesotho. The Board is considering various strategic alternatives for its Botswana operation, including disposal or a joint venture, but it recognises that extracting…