Emirates has cemented its place as one of the world’s leading international airlines when it was awarded the highly coveted ‘World’s Best Airline’ award, presented by Skytrax at the 2013 World Airline Awards. In addition to winning the top honours, Emirates scooped up a further two awards including; ‘Best Middle East Airline’ and for a record ninth year in a row, ‘World’s Best Inflight Entertainment’. The awards were collected by Tim Clark, President Emirates Airline at the Paris Airshow. The Skytrax World Airline Awards polled over 18 million business and leisure air travellers from more than 160 countries “Being honoured with…
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Botswana Tourism has paid tribute to Kumakwane, a small village in the north west of Gaborone for being a good host of the annual Toyota Kalahari Botswana 1000 Desert Race in the past three years. The popular social and sporting showpiece is being held for the last time in the village, but will leave a long lasting legacy. Myra Sekgororoane, the Botswana Tourism Chief Executive Officer told journalist the race will move to other areas in 2014 with a number of proposals to be studied. “Kumakwane has acted as the race headquarters for the past three years with 2013 being…
Hodges Resources Ltd says it has reached a heads of agreement with a Kyrgyzstan based, Australian owned and registered, company to obtain 100% of the issued share capital in return for the rights to a 50% interest in an operational thermal coal mine and an additional coal prospect in Kyrgyzstan. The open cut mine has been mined historically for domestic consumption and internal energy markets. Historical reporting indicates the mine has been sporadically operational since 1986 and currently mines around 100,000 tonnes within less than 6 months of the year. A historical resource report was previously completed under the Russian…
The Botswana Competition Authority has sanctioned the proposed acquisition of all issued shares of Supasave and Megasave by Choppies, but warned the listed retail giant to treat the two as going concerns and should have exit plans from some Supasave outlets within five years. The authority said the analysis of the facts of the merger assessment showed there were substantial competition concerns that arise in the Fast Moving Consumer Goods market in Gaborone, Molepolole and Palapye, given the fact that the merging parties are close competitors in both product and geographic market dimensions. The merger is also expected to enhance…
Underpinning Samsung’s status as category leader in content and services for Africa, the company’s lifestyle content micro site offers a multitude of downloads for its consumers. “Samsung’s reputation as a builder of solid ecosystems in this category is the result of the company’s focus on anticipating and proactively meeting market needs. We invest a great deal of time and money into carefully researching the content and services that best satisfy our consumers. We are determined to make the user experience as satisfying and wide ranging as possible, and we feel we have achieved this objective with the enhanced lifestyle content…
MMC Norilsk Nickel (hereinafter, MMC Norilsk Nickel or the Company), the largest global nickel and palladium producer, has announced the signing of a 5 year unsecured syndicated loan with a principal amount of US$ 2.1 billion. The facility consists of a US$ 1.575 billion amortising term loan and a US$ 525 million revolving facility. The term loan bears interest at a rate of 1 month LIBOR plus 1.75% p.a. while the revolver is priced at a rate of 1 month LIBOR plus 1.35% p.a plus utilisation fee capped at 0.4%. The financing will be provided by a 16-strong lender group,…
Botswana Diamonds (BOD) Executive Chairman John Teeling has told the Botswana investors that it is the right time for them to ‘be in diamonds’ as the diamonds prices trends is up following the worst global recession. The charismatic Irish, who describes Botswana as Switzerland of Africa, says there are 650 million Chinese women who want diamonds and the 2 billion of global population will be in the middle class. “The Botswana diamonds are unique and incredibly hard to find. You are privileged to be part of the diamond industry,” Teeling briefed the investors after the annual Resources Conference. “Botswana is…
June 12, 2013, marked the official opening of the brand’s Rail Park Mall Samsung Botswana store. Operational since November 2012, the store was officially opened by Honorable Minister of Transport and Communication, Nonofo Molefhi. The event attracted a number of key guests as well as stakeholders. In attendance were Honorable MP Gaborone West South, Botsalo Ntuane who gave the vote of thanks, Hon. Justice Mike Mothobi, CEO of Botswana Railways, Dominic Ntwaagage, and Amelia Molebane. In addition, the event attracted local personalities including Vee, Dipsy, Mafia Soul’s Molf, BK Proctor, and T.H.A.B.O. Noted Mrs. Thato Raletsatsi, Samsung Rail Park Mall…
Discovery Metals says it realised a record metal production of 1,713 tonnes of contained copper and 75,348 oz of contained silver and high material movement of 3.24 Mt from the two operating open pits during May. In the same period, 168 Kt ore was processed at average head grade of 1.21% Cu and 15.3 g/t Ag included Zeta high grade ore, Zeta low grade ore and Plutus transitional ore. The overall copper recovery of 84% and silver recovery of 91% and the company said production outcomes in line with the plan for the month. Mining Mining production (waste plus ore)…
Stanbic Bank Botswana successfully concluded its recently held Chief Executive’s Charity Ride. The 710km journey began in Ghanzi and culminated in arrival in Gaborone on 5th June 2013 at Stanbic Bank Head Office, Fairgrounds. The Chief Executive Charity Ride witnessed Stanbic Bank Chief Executive, Leina Gabaraane and 5 members his management team, cycle from Ghanzi to Gaborone in a bid to raise money for local charities. This comes as part of a continuing effort by Stanbic Bank to leave a positive footprint in communities across the nation. The Charity Ride aims to raise funds for various local charities to be announced…