The Managing Director of Debswana Diamond Company, Jim Gowans, has launched and presented the 2012 Report to Stakeholders. The event which was graced by other senior officials of the diamond mining outfit, took place at the company’s Corporate Centre in Gaborone on the 9th October 2013. The Report to Stakeholders is an annual publication created to give an overview of the company performance, activities which took place during the previous year as well as future plans to relevant stakeholders. Debswana used to produce an annual review document until 2010, when it turned the document into sustainability reporting. “This has now…
Author: Editor
Pangolin Diamonds Corp, the Botswana focused diamond exploration company, says diamond core drilling has commenced at its Jwaneng South Project, which is one of Pangolin’s four 100% owned diamond exploration projects in Botswana. The company revealed that drilling marks the next major step in exploration of its Jwaneng South Project where it has identified more than 20 drill-ready kimberlite targets at the project area since work commenced in 2011. The initial Kimberlite Target (GK6) now being drilled at Jwaneng South is a large circular feature highlighted by a high density vegetation anomaly spanning an area of 1.5 km in diameter.…
African Copper Plc says pursuant to the US$31,129,100 term loan facility agreement with ZCI Limited, dated 18 June 2009, ZCI has recently given notice to convert the US$8,379,100 Tranche A Loan outstanding into Ordinary Shares of 1 pence each in the company. The company, which has copper assets in Botswana said at the Conversion Rate of 1 pence per Ordinary Share and at the exchange rate as set out in the conversion notice of US$1.5062 to £1, this equates to the issue of 556,307,263 new Ordinary Shares (the Converted Shares) in the company for a Conversion Sum of £5,563,072.63. “The…
The Botswana Fibre Networks Limited (BoFiNet) has officially been launched by the Minister of Transport and Communications, Nonofo Molefhi. The launch was held at the new BoFiNet offices in Gaborone’s New Central Business District, where there was the introduction of the organisation’s brand, and reveal of the highly anticipated new logo and products in addition to the official opening of the BoFiNet offices. “This new entity is an infrastructure company which will serve as a carrier of carriers, a new development in the history of ICT in Botswana worthy to be celebrated indeed.” He continued, “As a Ministry seeking to…
Bloemfontein’s annual Mangaung Arts Cultural Festival , taking place from the 4th to the 13th of October 2013. The biggest cultural festival in Africa and affectionately dubbed “Macufe,” the festival has since inception in 1997, prided itself in providing the best of both African and international artists in the process of gaining international acclaim. This year promises to be yet another exciting sensation, boasting a glittering line-up including international artists Keri Hilson and Anthony Hamilton. “The Free State Provincial Government has always managed to outdo itself year after year with Macufe, making this one of the most exciting weekends for…
Standard Chartered has announced a commitment to empower a further 500,000 disadvantaged girls through Goal, the Bank’s flagship sport-for-development programme that provides financial education and life skills training to girls aged between 12 and 20. Goal, launched by Standard Chartered in 2006, will reach 89,000 girls through its partnerships with local and international NGOs in India, China, Indonesia, Bangladesh, Jordan, Lebanon, Zambia, Tanzania and Nigeria by the end of the year. This new commitment aims to make significantly more impact by reaching a further 500,000 girls from low-income communities across Asia, Africa and the Middle East by the end of…
Botswana’s GDP expanded strongly during Q2 2013, growing by 7.9% y/y, from a revised growth of 3.3% y/y during Q1, data from Statistics Botswana reveals. On a quarterly basis, the GDP numbers also came out strong, showing a growth of 4.1% q/q from a contraction of -2.1% during Q1. Motswedi Securities said the robust Q2 GDP numbers exceeded ‘our expectations’ but shows that the local economy is on the mend as all sectors expanded with the nonmining private sector continuing on an upward trend, growing by 7.7% y/y from a revised 8.2% y/y during Q1. “It is interesting to note…
African Energy Resources Limited says it has entered into a binding letter of intent with Karoo Exploration Corp to sell its portfolio of Zambian uranium licences to Karoo. The company said subject to the satisfaction of certain conditions precedent, it will sell the projects in consideration for the cash payment of USD$2,000,000, and the receipt of an equity package consisting of shares and share purchase warrants with a value of USD$500,000, to be priced based on any offering completed by Karoo concurrent with this acquisition. “The acquisition remains subject to certain conditions, including Karoo obtaining financing on acceptable terms, completion…
Samsung Electronics Co., Ltd has unveiled the GALAXY Note 10.1, 2014 Edition, an original approach to balancing productivity, powerful content creation and consumption in one portable tablet device. Equipped with WQXGA Super clear LCD (2560×1600) resolution in a stunning 10-inch display, 1.9 GHZ Octa Core processor (for 3G / WiFi only version) and 3GB RAM, the GALAXY Note 10.1 (2014 Edition) demonstrates Samsung’s innovation leadership by delivering ultimate productivity capabilities while remaining extremely thin and light. “The new GALAXY Note 10.1 is the most progressive 10-inch tablet, delivering the best viewing and multitasking experiences. It is the most recent demonstration…
The BotswanaPost is again joining the rest of the Postal Operators around the world to celebrate the World Post Day on 9th October, 2013, under the theme “The Post, delivering for people and business daily”. The World Post Day is celebrated annually on the 9th of October by all member countries to commemorate the establishment of the Universal Postal Union (UPU) in 1874 in the Swiss Capital, Bern. The day is celebrated for awareness of the role of the postal sector and its contribution to the social and economic development of its member countries. BotswanaPost will hold the celebrations in…