A further testament to its dedication to bringing better banking across Botswana, Stanbic Bank Botswana this week opens a branch in Selebi Phikwe. The new branch comes as part of an aggressive growth strategy from the bank in order to enhance accessibility of banking services and improve service delivery to Batswana. Selebi Phikwe Branch opened its doors to the public on the 18th December 2012. “Selebi Phikwe Branch serves as the 11th Stanbic Bank branch in Botswana and our 4th branch in the northern part of the country. The new branch is part of our Personal and Business Banking growth…
Author: Editor
MultiChoice Botswana has launched three new payment platforms for its subscribers, adding to the already existing alternative payment platforms on offer. Together with Mascom, Orange and First National Bank, MultiChoice now offers its subscribers a more convenient platform to settle their accounts using their cell phone. The use of these platforms offers instant reconnection. Billy Sekgororoane, MultiChoice Botswana MD says: “Mindful that our viewers enjoy to unwind after a long day in front of the TV and not stand in payment queues, we have launched these wide reaching and reliable platforms to allow our subscribers to enjoy what they love…
Saturday 15th December 2012 saw the Botswana Accountancy College (BAC) Business Hive, a registered society within BAC, hold their inaugural Enterprise Day. Held at BAC, the event brought together over 60 students, industry captains and VIP business leaders to share knowledge and challenge the status quo in the way business is run today. The Enterprise Day, a project of the Business Hive, sees student members provide Business Solutions to Botswana’s SMMEs. Speakers kicking off the forum included the Executive Director of BAC, Mr. Michael Lesolle, who discussed strategic positioning and future relevance of enterprise. Guest speaker, CEO of the Choppies…
Debswana Diamond Company has invested P15 million in communities, Non-Governmental Organisations (NGOs) and other deserving organisations as part of its 2012 corporate social investment (CSI) programme. A handover ceremony was held on the 14th December 2012 at the Debswana Corporate Centre in Gaborone. Addressing some of the 2012 CSI beneficiaries who attended the handover ceremony, Debswana Managing Director, Jim Gowans, said his company’s CSI Strategy aims at meaningful investment of money, staff time and other resources in support of the sustainable economic development of communities and direct delivery of developmental benefits to communities. “Our CSI programme aims to create a…
Pursuant to Section 60(4)(a)(ii) of the Competition Act, notice is hereby given on the decision made by the Competition Authority in respect of the proposed acquisition of all the remaining shares in Discovery Metals Limited by Cathay Fortune Investments Limited. The Authority determined to authorise the proposed acquisition on the grounds that the analysis of the facts and conclusions of the merger assessment showed that there were no substantive competition concerns in the copper and silver mining industry, in Botswana. Given the fact that:- the proposed transaction is not likely to result in a substantial lessening of competition, nor endanger…
Botswana Diamonds Plc has reported positive results from its year-long Technical Cooperation Agreement with a major diamond multinational. The company says in an update that 13 specific sites have been identified in the northeast area of Botswana which Botswana Diamonds and the company’s partner believe are highly prospective for diamondiferous kimberlites. Prospecting licence applications have been lodged over the relevant ground and an exploration programme of detailed soil sampling, ground magnetics, gravity and drilling is ready to proceed once licences are obtained. The Technical Agreement involves the use of exploration approaches developed by Botswana Diamonds’ partner to identify kimberlite bodies…
Botswana government has announced changes on its Environmental Assessment Act for a provision to request a developer to only prepare an Environmental Management Plan (EMP) for Projects. A statement says this is to address issues where: a full EIA may not be necessary before the implementation of certain projects but for monitoring purposes would require only an EMP; and an EMP is required to monitor and manage the impacts of projects which are already operating because they were implemented before the EIA Act came into force but should have been otherwise subjected to a full EIA. Secondly, the placing…
Discovery Metals Limited (Discovery Metals or Company) has reported an updated Ore Reserves estimate at the Plutus Open Pit deposit. According to the company, the estimate has been completed by the independent consultants, Snowden Mining Industry Consultants Pty Ltd, in accordance with the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Discovery Metals’ Managing Director Brad Sampson says this upgrade to the Plutus Deposit represents another step towards increasing the life and the scale of the Boseto Copper Project. “As the Plutus Deposit remains open at depth, it also creates additional potential for underground mining…
Hana Mining Ltd. says the meeting of shareholders to consider the proposed arrangement with Cupric Canyon Capital LP (“Cupric”), which was previously announced in a joint news release of Hana and Cupric dated October 24, 2012, will be held on Thursday, December 27, 2012 at 9:00 a.m. Pacific Standard Time. Further information regarding the Meeting and the proposed Arrangement are contained in the information circular that has been filed under the corporate profile of Hana on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and concurrently mailed to Hana securityholders. All securityholders are urged to read the…
African Copper plc has announced interim results for the six month period ended 30 September 2012. According to the company, copper produced in concentrate during the six-month period increased by 29% compared to the same period last year, and by 31% compared to the six-month period from 1 October 2011 to 31 March 2012. Revenues increased to $27.2 million, an increase of 18% from revenues of $23.1 million for the corresponding period last year and operating income from mining operations of $4.3 million, compared to an operating loss of $4.3 million for the corresponding period last year, driven by investments in…