The board of Botswana Diamonds, the AIM listed diamond explorer (AIM: BOD), has announced that an agreement to explore in Botswana has been signed by Atlas Minerals (Pty) Ltd (Botswana), a wholly owned subsidiary of Botswana Diamonds, and by Sunland Holdings SA (Switzerland) a wholly owned subsidiary of OJSC “Alrosa” of Russia. Alrosa is the world’s largest rough diamond producer by volume with 17 producing mines and a highly successful exploration record. The unique exploration technology developed by Alrosa will be applied in Botswana for the first time. The agreement requires equal contributions from each party. The joint venture will…
Author: Editor
MICROmega Holdings Limited’s subsidiary MICROmega Technologies (MMT) has signed a deal to distribute the Nutanix Virtual Computing Platform within the Sub-Saharan region. “Nutanix opens up a whole new market for MMT”, says Greg Morris, Chief Executive Officer of MICROmega Holdings. “Nutanix enables MMT to provide a complete solution offering to its existing channel and to engage new partners. Nutanix has shown impressive growth from the start and presents a good opportunity for MMT to bring the solution into this region”. “Nutanix uses the same design principles and technologies that power IT innovators such as Google, Facebook, and Amazon”, says John…
Mount Burgess Mining, the Australian listed company says it has commenced legal action in respect to the non-renewal of PL69/2003 – the Kihabe Project in Botswana and allegations of maladministration in regard to 14 months for rejection decision to be handed down. The company said the funding of litigation has been agreed to be undertaken by AP Stirling, a Director of Mount Burgess Mining. According to the company, on 9 July 2013, Botswana’s minister for the Ministry of Minerals, Energy and Water Resource informed Mount Burgess Botswana (Proprietary) Limited (MBB), that he was unable to reverse his decision rejecting the…
Botswana Life, the country’s leading life insurer, last week sponsored a 6-day all-expenses-paid trip for three (3) of their high-performing financial advisors to attend a LIMRA sales forum in Boston – USA. LIMRA is an international organisation that conducts research on distribution systems for life insurance products on behalf of its member companies, of which Botswana Life Insurance is an affiliated member. Moletlanyi Tshosa, Botswana Life’s Head of Individual Life explained, “In an effort to motivate and foster a culture of high performance, Botswana Life created a sales competition for its direct intermediaries with the reward being the all-expenses-paid trip.…
This Saturday, 17th August 2013, saw Stanbic Bank Botswana bring smiles to the faces of children of Metsimotlhabe Village in the Goo Madisa Ward as they set their eyes upon a brand new recreational centre for their use. A donation made by the Stanbic Bank Finance Department for children of the village, the recreational centre comes as yet another effort by the Bank to show greater involvement and a sense of giving back to the communities in which it operates. This is the first phase of the project in which the playground, a recreational park, is being furnished with outdoor…
While other animal species are either on decline or showing stagnation, Botswana’s elephant population is on the rise. This is according to a study titled Aerial Census of Animals in Botswana/Dry Season 2012 released on Friday. According to the survey, observations were made on 26 animal species including buffalo, duiker, eland, elephant, gemsbok, giraffe, hartebeest, hippo, impala, kudu, lechwe, ostrich, roan, sable, sitatunga, springbok, steenbok, tsessebe, warthog, waterbuck, wilderbeest and zebra. It extended to cattle, donkey, horse, sheep and goats. Cats and predators were not included on the survey. “As expected, the elephant population has significantly increased,” the survey’s executive…
South Africa’s largest wedding expo is set to take place at the Coca Cola Dome from the 24-25 August 2013. The bi-annual event, which draws crowds of up to 15,000, is considered to be the most highly anticipated bridal exhibition in South Africa. The stakes will be high with distinct locally designed couture gowns vying to stand a shoulder above designs from countries such as Spain, Italy, UK and America, and an impressive bouquet of offerings for the entire bride and groom party. Bride &Co, Oleg Cassini, Pronovias and Olivelli with Maggie Soterro are the international brands that will be…
The ministers responsible for Environment, Wildlife, Natural Resources, Hotel and Tourism from Angola, Botswana, Namibia, Zambia and Zimbabwe as well as SADC, German Development Bank (KFW) and Peace Park Foundation (PPF) representatives, met in Menongue, Angola on the 7th August 2013 to review progress on the development of the Kavango Zambezi Transfrontier Conservation Area (KAZA TFCA). Mable Bolele, the National TFCA Coordinator in Research and Development Division said in a press statement that the meeting expressed satisfaction the progress made in the KAZA region since the last meeting held on the 15th November, 2012 in Livingstone, Zambia. The Zambia meeting…
BancABC has announced a phenomenal set of results for the half year ended 30 June 2013 with the results largely driven by the substantial growth in retail banking during the period under review. Group pre-tax profits grew to P169 million, 77% up on the P96 million achieved in the prior year comparative period. Attributable profits of P143 million was 157% higher than P56 million achieved in 2012. Total income for the period increased by 47% to P701 million from P476 million with growth being recorded in all major income lines. The Retail banking business provided the major impetus for the…
Wilderness Safaris has won the prestigious 2013 Condé Nast Traveler World Savers Award for Wildlife Conservation. “As we celebrate our 30th year as Africa’s leading ecotourism and conservation company, we are extremely proud to receive this remarkable achievement and endorsement from Condé Nast Traveler. We hope that, together, we can continue to inspire globally caring travellers to explore Africa’s remote wilderness areas and its wildlife, enabling us to continue to increase our positive footprint to other areas of the continent”, said CEO Keith Vincent. Wilderness Safaris’ ongoing commitment to its 4Cs philosophy (Commerce, Conservation, Community and Culture) reflects one of…