Three young Batswana attended the just ended World Economic Forum on Africa Conference, which took place in Kigali, Rwanda from the May 11- 13, 2016. Katlego Kolanyane Kesupile and Tsholofelo Mokgoabone, members of the Global Shapers Community Gaborone Hub and Kelebogile Maruapula, who is a Global Shaper based in South Sudan, succeeded in being accepted to join this prestigious conference, under the theme “Connecting Africa’s Resources through Digital Transformation”. The 26th World Economic Forum on Africa convened regional and global leaders from business, government and civil society to discuss digital economy catalysts that can drive radical structural transformation, strengthen public-private…
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The country’s leading short term insurer, Botswana Insurance Company (BIC) says road accidents are still a major cause for concern adding that there is a need to introduce alternative measures that will help reduce the financial impact of motor vehicle accidents. According to the company’s media claims report, most motor vehicle accidents are mainly caused by hitting an animal or another person’s vehicle due to speeding, reckless driving or drunken driving. “BIC provides Third Party Only insurance cover. It is such a necessary protection cover for motor owners that some countries have made it a minimum legislated and mandatory insurance cover required by law,” the company’s latest…
Stanbic Bank Botswana has ramped up efforts to close the financing gap for businesses with cross border capabilities. This was made clear at the recently held launch of the Stanbic Bank Botswana Transregional Banking offering, as the bank leverages the Standard Bank Group African footprint and expertise to drive business without limits. Capitalising on its Transregional Banking capabilities, Stanbic Bank is poised to offer finance to growing businesses across borders on the African continent. At the same time, the Bank is in a position to facilitate trade and transactional capabilities throughout the entire business value chain, therefore meeting the evolving…
Intellegere Media, a subsidiary of Intellegere Holdings, has developed a collection of apps called the Heritage Series. The content of the apps shares the rich cultural history of Botswana by telling the story of each tribe. “The idea began in 2012 when we launched the Project 120 which was aimed at creating mobile applications which were fully focused on Botswana. The idea was to preserve our culture through mobile apps, first; for the future generations to know their history and heritage and secondly; to share our Setswana heritage with the world because there isn’t enough digital information about the Batswana…
Economic growth across the region is likely to remain slower in coming years than it has been over the past 10 to15 years. The International Monetary Fund’s (IMF) baseline projection for 2016 is now down to 3%, from what was a forecasted 6.1% in April 2015. The main reasons for a relative slowdown are not unique to Africa and are the same as those weighing down the global economy: a general slowdown in emerging market economies, and in particular the rebalancing of China’s economy; ongoing stagnation in most developed economies; lower commodity prices; and higher borrowing costs. However, although growth…
Global diversified mining giants, Rio Tinto and its partners, the government of Mongolia and Turquoise Hill Resources, have approved the next stage in the development of the world-class Oyu Tolgoi copper and gold mine in Mongolia. The development of the underground mine will start in mid-2016 following the approval of a $5.3 billion investment by the partners and the recent granting of all necessary permits. First production from the underground, which has an average copper grade of 1.66 per cent, more than three times higher than the open pit, is expected in 2020. When the underground is fully ramped up in 2027, Oyu Tolgoi is expected to produce…
Botswana Diamonds says a Large Diameter Drilling (LDD) programme will commence shortly on PL 186, which is part of the Maibwe (Brightstone) block of licences in the Gope Region of Botswana. Botswana Diamonds owns 15% of Maibwe Diamonds and has a free carried interest in the project up to Bankable Feasibility Study. Maibwe Diamonds is a privately-held company controlled by BCL (51%) a state-owned copper and nickel producer in Botswana. BCL is the operator. The planned LDD drilling for macro diamond evaluation, to be undertaken by Maibwe Diamonds, is to follow up on diamond drilling conducted in 2015 on PL 186 which found a number of diamondiferous kimberlites. …
Kimberley Diamonds Ltd (KDL) said production has commenced at its Lerala Diamond Mine in Botswana. It added that this is the culmination of the nine month project to upgrade and re-commission the plant which commenced in August 2015. The first diamond sales are currently expected in June 2016. As announced by KDL on 20 July 2015, KDL entered into a lump sum turnkey contract with Consulmet (Pty) Limited (Consulmet), for modifications to the plant at Lerala, to allow the plant to reliably treat and recover diamonds at a nominal rate of 200 tonnes per hour. Despite a delay necessitated primarily…
Lucara Diamond Corp. said the exceptional 812.77 carat, Type IIa diamond recovered from the Karowe mine in Botswana in November 2015 has been sold for US$63,111,111 (US$77,649 per carat). As part of the sale, Lucara has partnered with Nemesis International DMCC, and retains a 10% interest in the net profit received from the sale of the resultant polished diamonds. Lucara President and CEO, William Lamb said they are ‘very’ pleased with the result from the sale of this magnificent 813 carat diamond as well as the opportunity to further participate in profits earned when the polished product is sold. “The…
BIHL Trust has heeded government’s call for the private sector to help empower local residents in areas identified for their potential for tourism and sustainable business practice. The Trust on has supported Khawa Guest House with a donation of P120,000, handing the cheque to His Excellency Lieutenant General Dr. Seretse Khama Ian Khama, President of the Republic of Botswana, before key stakeholders. The donation comes after a BIHL Trust delegation visited Khawa in 2015 with the express intention of identifying projects in the Kgalagadi region to support. “In 2015, we visited Khawa on a mission to scout for potential projects…