The Competition Authority (CA) will on Thursday (April 18, 2013) celebrates its second year anniversary. It was on this day two years ago that the founding Chief Executive Officer of the Competition Authority, Thula Kaira, reported for duty as the first and the only employee of the Authority. Although the employment process of the Authority staff was only completed in January 2012, April 2011 is technically recognized as the birth of the Competition Authority in Botswana. The Competition Authority was set up by Parliament (Competition Act) in 2009. The chief aim was to ensure fair competition in the economy. This…
Author: Editor
Lansmore Masa Square is set to get the attention of brides- and grooms-to-be with their inaugural Wedding Expo, to be held on Saturday 20th April 2013 on the prized Lansmore rooftop. The highly anticipated Expo will attract a number of high profile exhibitors including local and international fashion designers and exhibitors. Amongst the designers expected to showcase their brands are Lebo Merafhe, Black Trash, and South African fashion house, Fundudzi by Craig Jacobs. In addition, popular DJ’s DJ O’Neal and DJ Kellz are set to entertain throughout the duration of the event. The event will see Lansmore transformed into wedding…
Shareholders of Sable Platinum have been advised that the company has entered into a letter agreement with Atang Makgekgenene to acquire 4% of the equity interest in Global Initiatives from the owner for a purchase price of $4 million. The South African platinum exploration company has also been granted three options to acquire a further 6%, 5% and 11% respectively of the equity interest in the Botswana based company from Makgekgenene subject to meeting certain conditions. “Global has the rights to the tailings and slag dump at the BCL Limited’s nickel and copper mine situated near Selebi Phikwe in Botswana…
New GALAXY Mega offers the latest smartphone features with an extensive viewing experience. SEOUL, Korea, April 11, 2013 – Samsung Electronics Co., Ltd, a global leader in digital media and digital convergence technologies, today announced the Samsung GALAXY Mega, a device that combines the portability and convenience of a smartphone with the power, multitasking capabilities and extensive viewing experience of a tablet. The newest addition to the GALAXY family balances an optimal viewing experience on a 6.3-inch HD screen, yet is ultra-thin and portable enough to put into a pocket or hold in one hand. The GALAXY Mega offers a…
Standard Bank also trading as Stanbic Bank has been ranked the 12th ‘greenest’ bank in the world and the cleanest in Africa by Bloomberg Markets. According to Bloomberg: “The biggest gain in renewable energy came from a newcomer: South Africa’s Standard Bank Group Ltd. ranked 12th after agreeing to underwrite $1.1 billion in government-approved projects, including $314 million for solar parks.As Europe scales back and the US regroups, such initiatives may become the seeds that sustain growth in the green landscape.” This was the third annual ranking by Bloomberg Markets to assess the top 40 global banks based on their…
Botswana Diamonds says additional licence has been added to the recently-signed option agreement with a Mozambican company, Morminas, a subsidiary of the EIP Group of Portugal. This now brings the total to three licence blocks that are being evaluated on the Save River in Mozambique, close to the Zimbabwean border. The Save River runs south-eastwards and drains an area of Zimbabwe which contains the Marange diamond fields. Marange itself is predicted to produce up to 16.9 million carats in 2013. Botswana Diamonds’ objective is to explore the potential for alluvial and eluvial deposits which may have washed down from Marange.…
Out competed by stronger predators in Africa’s many parks and reserves, the cheetah is being pushed into marginal land, conflict with man and towards extinction. Home to one of the last major populations of free-ranging cheetah in the world, Botswana is an essential stronghold for the species and represents one of the best hopes for its long-term survival. Rural communities are almost completely dependent upon livestock farming for their livelihoods. Human wildlife conflict has had a devastating impact throughout the world and it is an issue largely responsible for the loss of 90% of the cheetah population. Only by working…
Businesses and destinations that are leading the way in sustainable tourism have been recognised at the World Travel & Tourism Council’s (WTTC’s) Tourism for Tomorrow Awards Ceremony in Abu Dhabi.The Awards – being held at the Emirates Palace Hotel as part of the WTTC 13th Global Summit – showcase and celebrate Travel & Tourism businesses and destinations around the world, who are successfully balancing people, planet and profits. The four 2013 Tourism for Tomorrow Award winners are: Destination Stewardship Award winner: Peaks of the Balkans – Albania, Kosovo, Montenegro Following conflict and civil war, representatives from the countries of Albania,…
Shumba Coal, the junior explorer focused on Botswana’s untapped coal reserves estimated at around 212 billion tones, has listed on the Botswana Stock Exchange to make it the first majority locally owned resources company to become a member of the local bourse. The listing of 168,846,078 shares on 8th of April 2013 on the BSE’s Venture Capital Board follows the placing of 7,111,100 ordinary shares of no par value in Shumba at a placing price of P1.00 per Shumba shares. Its executives said the key reasons to float shares on the local bourse were to establish a platform for future…
David Scowsill, President and CEO of the World Travel & Tourism Council (WTTC) has called on the global Travel & Tourism industry “to grasp the mantle of leadership in order to influence”. In his opening speech at the WTTC 13th Global Summit in Abu Dhabi, which he is currently delivering to more than one thousand delegates from around the world – the largest gathering of any WTTC Global Summit – Scowsill is urging the Travel & Tourism industry to “not only influence at industry level but at world level, not only within government chambers, but in boardrooms, in the media,…