While foreign direct investment (FDI) into Africa dipped somewhat over the past two years, it is forecast that it will increase by more than 10% in 2013. Investment into Angola, Mozambique and South Africa appears to be the most prominent, according to the African Economic Outlook 2013 report. The report is produced annually by the African Development Bank, the Organisation for Economic Cooperation and Development (OECD) Development Centre, the Economic Commission for Africa (ECA) and the United Nations Development Programme. It posits that the higher FDI will play a role in driving economic growth in Africa of 4.8% in 2013…
Author: Editor
Metropolitan Botswana on Thursday 22nd August 2013 received an accolade from the Botswana Nation Sports Council (BNSC) for Patronage to Sport in 2013. The award was presented as part of the BNSC Sponsors’ Day at the Phakalane Golf Estate, as part of an effort to show recognition for private sector corporations who show an increased investment and dedication towards growing the local sports culture. The award is the 7th of its kind received by Metropolitan Botswana in recognition of Metropolitan’s long standing reputation for working towards the growth of sport in Botswana, and particularly that of sport amongst youth. Key to…
Botswana is currently the gem of African mining, with a stable legislative environment, and backed by an eager government looking to grow its gross domestic product (GDP). Mining contributions to GDP have already grown to 40%, and mining contributes 50% to tax revenues. Botswana is now the world’s leading diamond producer in terms of the quality and grade of diamonds, but also hosts significant copper, nickel, cobalt, gold, soda ash and coal deposits, which are currently being exploited and developed. Botswana is also the highest ranked African country in Business Environment Rankings, as a result of its stable political situation…
Tlou Energy Limited says drilling review is continuing at Karoo Central Gas Pilot project in Botswana and as part of this review process, Selemo 1A-R horizontal section has intersected the vertical production well Selemo 1P. The company added that operations have now recommenced. The drilling of the next horizontal well section will incorporate the results of the drilling review. “Selemo 1A-R horizontal section has intersected the vertical production well Selemo 1P as the drilling review team evaluated the working rig to determine the cause of down hole motor issues which had persisted during the initial drilling of Selemo 1A-R,” Tlou…
Chobe Holdings says it has reached a deal to acquire Moremi Safaris as the listed tourism company up the stakes in the country’s tourism industry. In a note released by its sponsoring brokers, Stockbrokers Botswana, Chobe said Botswana’s Competition Authority and Tawana Land Board have given the transaction a nod. “Further to the cautionary announcement of 11 July 2013, the company is pleased to announce that it has reached an agreement with Messrs WFA Burre and VN Brown (the “vendors”) to acquire – through its wholly-owned subsidiary Desert & Delta Safaris (Pty) Ltd (“DDS”) – the entire shareholding in Moremi…
SHOROBE – In a continued effort towards the fight against malaria, Stanbic Bank Botswana has partnered with the Rotary Club of Gaborone to distribute Long Lasting Impregnated Mosquito Nets (LLIN’s) to the community of Shorobe. The handover of 1200 LLIN’s comes following Stanbic Bank’s donation of P100,000 towards the Rotary Club of Gaborone for the malaria cause. The handover was made on Saturday 24th August 2013 in Shorobe Village, about 22km north of Maun. “Of the estimated 660 000 million malaria deaths occurring each year worldwide, 90% occur in Africa, primarily among children under the age of five in sub-Saharan…
The second edition of Summer Soirees is billed for Lansmore Masa Square this coming weekend (Saturday 31st August 2013). The Summer Soirees is a series of rooftop extravaganzas aiming to offer Batswana more lifestyle and entertainment options of a truly unique calibre. Following the success of the inaugural Summer Soirees held in April 2013, this year, Lansmore Masa Square and Sixpence Management will host the “Spring Edition” on the Lansmore rooftop terrace. Sales and Marketing Manager at Lansmore Masa Square, Botho Mogami said they are very excited to host the second leg of the Summer Soirees with the management of…
In line with the Bank’s “Bricks to Clicks” strategy, FNBB has launched its latest innovation; the Slimline ATMs. These are portable ATMs that are placed at merchant stores to offer customers banking convenience. With the Slimline ATM, customers can make payments and transfers, check balances, print mini statement, purchase airtime, e-Wallet, change pin and purchase goods in respective merchants or cash out. At the same time, the Slimline ATM reduces cash handling costs for merchants when customers cash out. FNBB has introduced the Slimline ATM to offer customers easy banking access and convenience as these Slimline ATMs will be deployed…
SHOROBE – Taking a strong stance in the fight against malaria, Botswana Insurance Fund Management (Bifm) has participated in the handover of Long Lasting Impregnated Mosquito Nets (LLINs) to the community of Shorobe to the value of P30,000.00. The handover of 1200 LLINs took place on Saturday 24th August 2013 at the Shorobe Playground in Shorobe Village, before guests including Kgosi M.T. Dingalo and Assistant Minister of Health Mr Gaotlhaetse Matlhabaphiri. The handover comes following a long history of Bifm having worked with the Rotary Club of Gaborone, who pioneered the effort following an initial fundraising gala held in 2012…
In a bid to deal with declining animal species in the country, Botswana’s Ministry of Environment, Wildlife and Tourism has reiterated government position that there will be a temporary ban on the hunting of wild animals in January 2014. Permanent Secretary in the ministry, Neil Fitt said that “no quotas, licenses, or permits will be issued” for hunting of Part I and Part II Schedule game animals as listed in the wildlife Conservation and National Parks Act. However, he said licenses will continue to be issued for game birds in Part III of the same Act subject to conditions to…