PayPal and First National Bank (FNB) announced they will be extending the partnership between the companies to offer PayPal Withdraw Service, previously available only in South Africa, in Botswana. This service will allow, for the first time ever, residents in Botswana to withdraw money directly from their PayPal accounts to their qualifying FNB bank account. This service gives local businesses the flexibility they need to not only accept PayPal payments but also settle locally – opening up the opportunity to do business on a global level and have access to PayPal’s 183 million active customer accounts in 203 countries and…
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Stanbic Bank Botswana cements its commitment to servicing Mogoditshane and surrounding areas with the relocation to a bigger and better, branch. The Mogoditshane “branch in a box” at Plot 6742, Old Choppies Mall, has been relocated to a new branch at Plot 13445, Bodiba Mall, opposite Sir Seretse Khama Barracks in Mogoditshane. The branch is testament to Stanbic Bank’s commitment to enhancing customers’ banking experience in the area. “We have received an incredible amount of support from our customers in Mogoditshane and surrounding areas since the branch first opened. For this, we are grateful, and even more committed to ensuring…
CanAlaska said it has entered into an Option-Participation Agreement with De Beers Canada Inc. for expenditures up to $20.4 million on kimberlite-style targets staked by CanAlaska in the Northwestern Athabasca basin, Saskatchewan. The claims staked by CanAlaska and optioned to De Beers cover 75 kimberlite-style targets developed from a recent high resolution airborne geophysical survey carried out on behalf of the Saskatchewan Geological Survey. The 2011 airborne magnetic survey, flown at 400 metre line spacing, reveals a series of discrete magnetic anomalies northeast of the Carswell structure and close to the large crustal suture related to the Grease River Fault…
The countdown to one of Africa’s biggest shows has begun. With under 10 days to go before Botswana’s skies are decorated with a plethora of aircraft engine smoke streams and cheers from crowds below, the WesBank International Airshow 2016 boasts a stellar lineup. With at least 31 aerial displays and counting scheduled, final touches are underway for the event set to take place on May 28 2016 at Matsieng Aerodrome in Rasesa. “This is one of Botswana’s most anticipated annual events without a doubt because of its fantastic lineup of aircrafts and stunts for the adrenaline junkie and fun lover.…
Africa remains one of the preferred frontiers for investment opportunities and doing business, according to a report released by PwC Africa. Growth and foreign direct investment has continued in Africa amid the recent global economic uncertainty. This is confirmed by PwC’s Africa Business Agenda survey, which shows that Africa and the emerging markets remain a vital growth opportunity for CEOs. The Africa Business Agenda compiles results from 153 CEOs and includes insights from business and public sector leaders from across Africa. Hein Boegman, CEO for PwC Africa, said CEOs in Africa are ramping up their efforts to innovate and find new…
Pangolin Diamonds Corp. has revealed that one of the seven diamonds analysed from the MSC Grid in Botswana is a Type II nitrogen-free diamond. Approximately 2% of the world’s diamonds are classified as Type II diamonds. Type II diamonds are often associated with the presence of large diamonds, for example the 813 carat and 1109 carat diamonds produced from the Karowe Mine by Lucara Diamond are both Type II diamonds. The Karowe Mine is approximately 105 kilometres northwest from the MSC Grid area. “The Type II diamond from the MSC Grid is associated with three other diamonds as well as ilmenites…
Orange said it is launching a call for candidates for the 2016 Orange Social Venture Prize in Africa and the Middle East. The Orange Social Venture Prize, which aims to encourage start-ups that use innovation to fuel development on the African continent, is being extended to the Middle East and, this year, includes a Special Cultural Content Prize. Applications may be made from 18 May to 21 September 2016 on the EntrepreneurClub.Orange.com website, Orange’s new portal for entrepreneurs in Africa and the Middle East. The projects of 4 start-ups will be recognized during the awards ceremony with prizes of 25,000,…
A-Cap Resources is on verge of being awarded a mining licence for its Letlhakane Uranium Project followed the approval of Environmental Impact Statement (EIS). The approval was made by the Botswana Department of Environment Affairs (DEA) in accordance with Section 12 (1a) of the Botswana Environmental Assessment Act, No.10, of 2011. “This is a major milestone for A-Cap and its -flagship Uranium project, with the EIS approval being an important requirement in securing a mining licence,”the company said. A-Cap have conducted extensive work over the years, commencing in January 2009, in studying and identifying the overall environmental and social impacts…
De Beers said together with the Namibian government have signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds. According to the diamond mining major, the sales agreement is the longest ever signed between the two partners. Under the deal, Namibia will see a significant increase in rough diamonds made available for beneficiation as a result of the agreement, with US$430 million of rough diamonds being offered annually to Namibia Diamond Trading Company (NDTC) customers. Also, as part of the agreement, all Namdeb Holdings’ Special Stones will be made available for sale in Namibia.…
The 3rd Annual Francistown Comedy & Poetry Night is bringing non-stop laughter and poetic rhythms and stanzas with Botswana and South Africa’s (SA) most funny stand-up comedians and acclaimed poets. The audience will be treated to too much hilarity and great silliness from a variety of comics while also enjoying poetic narratives and sound plays from poets. The show promises fireworks on Thursday 26th May at Adansonia Hotel which is easily accessible to patrons who will experience top notch entertainment. The headliners for the upcoming show are top South African comedian Tol Ass Mo and Botswana’s comedy heavyweight Oefile ‘Mawee’…