As the government investment arm continues its mission to develop the commercial and Industrial Sector in the country through funding of projects, giving back is a virtue Botswana Development Corporation (BDC) remains steadfast not to overlook. In continued efforts to make prudent use of its resources and to engage with communities across Botswana, BDC donated a 17-seater Mercedes-Benz Sprinter Mini bus to the Ramotswa Centre for the Deaf. The activity is one of various efforts under the Corporation’s Corporate Social Responsibility (CSR) Programme to drive sustainable impact in communities that are in need. “Putting the reuse of available resources towards…
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De Beers has announced the appointment of Bruce Cleaver as CEO, following Philippe Mellier’s decision to step down after five years with the company. The appointment will take effect on 1 July 2016. Cleaver served as De Beers’ executive director responsible for strategy and commercial relationships until 2015, also serving as Co-Acting CEO for a year prior to Mellier’s appointment in 2011. He was appointed Group Director of Strategy and Business Development for Anglo American in 2015. Mark Cutifani, Chief Executive of Anglo American and Chairman of De Beers, said together ‘with our partners in De Beers, we congratulate Bruce…
Power trading agreements between countries that possess excess power generating capacity and those battling supply shortages will be a dominant theme in the electricity markets of south-central African nations in the next three to five years, says Stanbic Bank. Botswana, with its extensive coal and coal bed methane (CBM) reserves, has the potential to produce more electricity than its economy requires. Once ongoing projects are completed and the country achieves energy self-sufficiency, it is likely to be one of the key suppliers of this trading market with Namibia and Zambia expected to be the main purchasers in the region, after…
Masa Square Hotel hosted valued stakeholders for the official launch and plaque unveiling of the newly branded hotel on Wednesday 25th May 2016. Having come under new ownership and management in recent months, the hotel introduced a number of exciting developments that were officially launched by Minister of Environment, Wildlife and Tourism, Tshekedi Khama. This comes as yet another milestone in the brand’s strategy to redefine the local hospitality industry. Amongst some of the exciting new developments accompanying the rebranded Masa property are a fully renovated foyer and reception, the introduction of Don Carlos restaurant, and Carlitos café, both of which…
The May edition of Stephen Manzini’s Soweto Fashion Week is upon us [26 – 28 May 2016 at the Soweto Theatre in Bolani Road] and Joburg Tourism is delighted to once again be supporting this fabulous community-based event which is growing rapidly in size and stature. “We’re looking forward to another exciting autumn/winter season showcase, in what has become a signature Joburg event, displaying our city’s importance as a fashion forward hub, with its heart in the right place,” says Laura Vercueil, PR and Communication Manager at Joburg Tourism. Now celebrating its sixth birthday, the Soweto Fashion week is a spirited,…
De Beers, the global diamond mining giants said its sales fell at its fourth sight of the year blaming the dip on the seasonality of the industry. The Anglo American diamond unit said the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fourth sales cycle of 2016 stood at $630 million. This is the first decline since the beginning of the year following 3 successful Sights as the diamond major alluded to improvements in diamond demand at the beginning of the year. “As normal seasonal trends return to the market, we are encouraged by the…
ASX-listed Botswana Metals (BML) has said on its latest exploration update that it has discovered a potential for lithium and tantalum exploration on its existing prospecting licences (PLs) in the eastern part of the country. The company noted that the potential for Li-Cs-Ta type pegmatite mineralisation is similar in style to major Li deposits in Zimbabwe, Namibia, Mozambique and WA (Greenbushes, Pilbara). The discovery follows BML “re-visit and review” of historic exploration data over its tenement holding in Eastern Botswana and confirmed that significant occurrences of pegmatite rocks were mapped at surface, but disregarded in previous exploration. Pegmatites are a…
BIHL Trust continues in its efforts to make a sustainable impact in the education space, having most recently engaged with Chakaloba Primary School in Topisi village. On 12th May 2016, BIHL Trust representatives attended a Teacher Appreciation Day at Chakaloba. The Trust also donated reading books valued at P65,000 to help the students practice and improve their reading skills. This follows on from a number of educational support initiatives championed by the Trust on behalf of BIHL Group and its subsidiaries – Botswana Life, Legal Guard and Bifm. Previously, Chakaloba Primary School through the Adopt-A-School initiative, received from BIHL Trust…
Forevermark latest advertising film, ‘It’s A Long Journey To Become The One’, has been awarded Third Prize Award at the New York Festivals International Advertising Awards in the Film Craft, Cinematography category. Created by advertising agency J. Walter Thompson Italy, the new campaign was created to celebrate the relaunch of the slogan ‘A Diamond Is Forever’. Stephen Lussier, CEO of Forevermark said Forevermark’s name is built on the line and “we wanted to invigorate the slogan with new purpose and connect it to what makes Forevermark diamonds special. J. Walter Thompson captured the essence of our brand and our rigorous selection…
Global diversified mining group, Rio Tinto said it has appointed Stephen McIntosh as the acting Group executive, Technology & Innovation to succeed Greg Lilleyman, who will leave the company after 25 years of service. McIntosh has been with Rio Tinto for almost 30 years working on projects in more than 45 countries spanning the A-Z of minerals and metals. Most recently, he was head of Exploration, leading a 450-strong global team of employees operating in 20 countries. Prior to this, Stephen led Rio Tinto’s Project Generation Group for six years and transformed its activities to build a world-leading team of…