Wilderness, in accordance with its stated strategy of bolstering its Botswana presence, has appointment Parks Tafa as Chairman of the Board of Directors, with immediate effect. Tafa has been a non-executive director of Wilderness since 2010. He is a vastly experienced business and transactional lawyer and is currently the non-executive chairman of Stanbic Bank Botswana. Tafa, who is a citizen of Botswana, is also the senior and managing partner in the leading Gaborone-based law firm, Collins, Newman & Co. Tafa will replace Malcolm McCulloch who has been chairman of the board since 2003 and will continue to make his valuable…
Author: Editor
Fenella Aouane of Standard Bank, also trading as Stanbic Bank, has been appointed to the Board of the Climate Markets and Investment Association (CMIA), an international trade association representing 50 companies that finance, invest in and provide enabling support to activities that reduce carbon emissions. The CMIA’s membership accounts for an estimated 75 per cent of the global carbon market, valued at USD 120 billion in 2010. Ms Aouane works within the award-winning Carbon Trading team at Standard Bank in London focusing on origination and development of the African business. She has been with the bank since 2008 dealing with…
Lansmore Masa Square have delighted fashion tastemakers and brides and grooms to be with the launch of the hotel’s inaugural Wedding Expo. Billed to be an annual event in the wedding and hospitality scene, the first ever Lansmore Wedding Expo was held on Saturday 20th April 2013 at Lansmore Masa Square. The Expo saw the hotel and the Masa Centre piazza transformed into the ideal wedding venue with industry professionals from both Botswana and South African showcasing their offerings and talents. Set against the entertaining medleys from popular DJ’s DJ O’Neal and DJ Kellz, the Wedding Expo saw designers including…
As part of winning the converted title of Miss Botswana 2013, the front-runner of the national pageant will receive sponsorship from Debswana Diamond Company amounting to P127 657. This consists of cash amounting to P104 000 which will go towards procuring air tickets for Miss Botswana, her Chaperon and the Director. The main aim of the sponsorship is to ensure Botswana gets represented at the Miss World 2013 Pageant to be held on 28th September in Indonesia. In addition to the sponsorship, the Miss Botswana Top 16 finalists were taken on a tour of Jwaneng Mine where they were educated…
Botswana Insurance Company Limited (BIC) recently co-hosted the SSP Africa Users Group Forum. This was the first time the conference was held in Botswana. The conference has previously been held in Tanzania, Kenya and South Africa. The conference, which was held at the Gaborone Sun, was themed “Innovation and Insurance, the future” and attracted decision makers from leading insurance companies in Botswana, Kenya, Malawi, Mozambique, Nigeria, South Africa, Swaziland, Tanzania, Uganda and the United Kingdom. The objective of the forum was for delegates to meet with industry experts to discuss: Ways of driving business growth though technological innovation, Product development…
Good afternoon, ladies and gentlemen. Many of you, I know, have travelled a long way. May I extend a warm welcome to all of you to the Anglo American plc AGM.As you all know, 2012 was a very difficult year for the mining industry. Against a backdrop of a marked economic slowdown in China, a troubled euro zone and only a relatively weak and patchy recovery in the United States, the industry faced falling prices, while profitability was further eroded by above-inflation cost increases in many countries. As a consequence – and in line with a number of our peers…
Continental Coal Limited, the South African thermal coal production, development and exploration company, says its principal and 74% owned subsidiary in South Africa (Continental Coal Limited (“CCL”)) has satisfied all necessary regulatory requirements and completed the acquisition of the outstanding minority interests in Mashala Resources. Following the acquisition and the transfer of the outstanding shares in Mashala Resources to CCL, the company’s principal subsidiary in South Africa CCL now holds, amongst other things, 100% interests in the operating Ferreira and Penumbra Coal Mines. These mines each produce a high quality thermal coal product that is exported through the Richards Bay…
The local comedy industry is making strides to show development in the industry with each show in the year 2013. Comedy for the Nation of Botswana (COFONABO), also known as the Laff-A-Lot crew artists have so far managed to host Pule (birth name, Nicholas Welch) at their previous show at Khwest. They have also been invited to open for top South African act Riaad Moosa at Gaborone International Conference Centre. The Laff-A-Lot crew is back to continue presenting fresh and innovative concepts with their 2nd event of the year. According to Media Liaison Officer for Laff-A-Lot, Gaolathe Kediemetse, “Having produced…
Inflationary pressures continue to build up in the economy as reflected by the March inflation rate which rose unexpectedly to 7.6% y/y from 7.5% y/y in February, according to data released by Statistics Botswana. On a monthly basis inflation stood at 0.6% m/m in March, up from 0.2% m/m in February. The April inflation rate is widely expected to come out even higher given the 10% average increase in electricity tariffs which was effected beginning 01 April by Botswana Power Corporation. Contributing to the March inflation numbers were increases in the ‘alcoholic beverages, tobacco & narcotics’ group, the ‘transport’ group…
Botswana Insurance Company says it is holding its Brokers Forum for this year on April 19 at its Head Office in Gaborone. According to BIC, this is an important session as brokers are a vital link between the insurer and insured. “Brokers serve as an intermediary between buyers and sellers of insurance policies by giving out information and advice to clients regarding insurance needs, guidance on insurer skills, capabilities, risk dispositions, financial strength,” says BIC. “Brokers also play an essential role in helping the insurer to gather information about prospective clients’ level of risk which assists in pricing policies more…