On Friday the 21st of June 2013, Botswana Insurance Company Limited’s insurance agents convened for a forum at the BIC Head Office at Fairgrounds in Gaborone. According to BIC, the forum is one of the many relationship building initiatives the giant insurance company is doing to ensure exceptional client service through its key business partners. “Insurance Agents serve as the critical link between BIC and consumers seeking to procure insurance coverage. They offer advisory services in connection with the solicitation, negotiation and sale of short term insurance.” The objective of the forum was to update BIC’s Agents on the company’s…
Author: Editor
Major Jefferson Thokwane, the Chief Executive Officer of the Botswana Civil Aviation Authority (CAAB) will terminate his contract of employment with the organisation in 19 November, 2013 for personal reasons, Modipe Nkwe, Civil Aviation Authority of Botswana (CAAB), Manager of Public Affairs said. The former Botswana Defence Force officer will serve a six months notice and will have served CAAB for just two and half years. Thokwane joined the organisation two years after its commencement of operations as a parastatal after taking over the functions previously performed by Department of Civil Aviation. He joined at the time when CAAB was…
Researchers at the Royal Veterinary College (UK), working with the Botswana Predator Conservation Trust in the Okavango region, have captured the first detailed information on the hunting dynamics of the wild cheetah in its natural habitat. Using an innovative GPS and motion sensing collar that they designed, Professor Alan Wilson and his team were able to record remarkable speeds of up to 58 miles per hour (or 93 kilometres per hour). The results, analysed at the Royal Veterinary College’s Structure & Motion Laboratory, were published June 13, 2013 in Nature. To date, measurements of cheetah locomotion mechanics have only been…
FedEx Corp. (NYSE: FDX) announced today (June 20, 2013) that it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current service provider Supaswift (Pty) Ltd. in five countries: Malawi, Mozambique, South Africa, Swaziland and Zambia, and is also in discussions to acquire Supaswift’s businesses in Botswana and Namibia. These acquisitions will operate under the FedEx Express business unit and the transaction is subject to necessary regulatory approvals and customary closing conditions. Once the acquisition is completed, FedEx Express will have direct access across the seven markets to 39 facilities…
Tlou Energy Limited says the top-hole drilling operations on the Lesedi Horizontal Pilot Pod wells is progressing on schedule and nearing completion of this phase of the drilling program. The company says the Lesedi 1B well top-hole section was concluded at a depth of 180 m and the well temporarily suspended and the rig released from location at 11:30 hours on 17 June. The rig was moved to Lesedi 1P, the final well in the Lesedi Pod and drilling commenced on the same day at 16:45 hours. At 06:00 hours on 20 June, the well was at a depth of…
Standard Bank Group has been acknowledged by the Financial Times as the Sustainable Bank of the Year award for Africa and Middle East. The announcement was made at a function in London on 13 June 2013.The FT/IFC Sustainable Finance Awards, now in their eighth year, have established themselves as the world’s leading awards for environmentally and socially responsible banking and investment. IFC is a member of the World Bank Group. The 2013 awards attracted a record 254 entries from 164 financial institutions and 57 non-financial groups in 61 countries. The awards were presented at a special dinner in London attended…
Headline inflation dropped sharply to 6.1% y/y in May from 7.2% y/y in April following declines in most group indices. Inflation has been on a sharp decline from 7.6% y/y in March to 7.2% y/y in April mainly due to base effects as large increases that were affected last year falls away. Positive exchange rate movements between the Pula and the Rand, generally stable fuel prices on the international market and subdued inflationary pressures domestically and internationally have also contributed to lower inflationary pressures. Inflation in the major developed economies is forecast to remain below 2% during 2013 and 2014,…
Bank of Botswana’s Monetary Policy Committee (MPC) sitting on June 18 have decided that the medium term outlook continues to be positive and has deemed it necessary to apply accommodative posture to the economy by lowering the cost of borrowing. In a statement following the committee meeting, BoB spokesperson Andrew Sesinyi noted that the consensus is that in the short-term forecast inflation remains closer to the upper end of the 3 – 6 percent objective range. “The current state of the economy, which is characterised by output growing below potential and high unemployment, provides an opportunity for non-inflationary stimulus to…
Cheetah Conservation Botswana (CCB) is this year celebrating 10th anniversary and the non-governmental organisation says it looks back at the good work it has done to help sustain the predator populations of Botswana and to support people to manage human-wildlife conflict. It said in a celebratory note to Mining & Travel Review that over the years, it has initiated over 110 farmers workshops around the country with informative lectures on farm management, maximising grazing and herd health as well as how to farm to minimise losses to predators. “With this knowledge, many more farmers are using responsible and sustainable management…
, the TSX-V: PAN listed diamond exploration and development company, says it has discovered a second kimberlite at its 100% owned Tsabong North Project in Botswana. Pangolin’s newly discovered Magi-02 kimberlite at Tsabong North, along with the previously announced Magi-01, are two of seven new kimberlites found in Botswana in the last five years. The company also appointed Manfred R. Marx as a consultant to Pangolin’s on-site exploration team. Marx is a prominent geologist who led the field team that discovered the Orapa Diamond Mine, the second largest open pit diamond mine in the world. Dr Leon Daniels, B.Sc., Ph.D.,…