Tlou Energy says a decision on a gas-to-power pilot project has progressed through various levels of government and management is confident of a favourable response in the near term. In the latest market update, Acting Managing Director of the natural gas explorer, Gabaake Gabaake said they have had discussions with relevant Government parties in relation to “our application for a gas-to-power pilot project in Botswana”. “We are awaiting feedback and remain extremely confident of a positive response in the near term,” the former permanent secretary in the energy ministry said. “Our team is working very hard and we remain on…
Author: Editor
Pangolin Diamonds Corp. has announced the closing of a non-brokered private placement financing for aggregate gross proceeds of $693,453. According to the company, the financing will enable the company to continue the exploration programme, inclusive of drilling, at its priority Malatswae Diamond Project during 2016. “The initial focus will be on exploration grids where diamonds have been reported from surface samples. In addition, the funds will add to Pangolin’s working capital position to continue its exploration commitments at its other 100% owned diamond projects in Botswana,” the company said in a stock market filing. “The Offering consisted of 13,869,060 units…
The World Travel and Tourism Council (WTTC) says the winners of the 2016 Tourism for Tomorrow Awards epitomise how global and varied responsible tourism is becoming, as they come from as far and wide as Mexico, Botswana, the Netherlands and the UK. The WTTC said the type of companies to have won ranges from small, community initiatives to global corporate partnerships. “And between them they are using tourism to address key global issues ranging from climate change and wildlife poaching, to regenerating neglected communities and providing opportunities to young people seeking work,” the travel body stated. The full list of…
The air over the UJ Soweto campus will burst into a kaleidoscopic spectrum of colour this Sunday (17 April 2016) as it hosts the Happiest 5k on the Planet, The Color Run. Attracting “Color Runners” from across the City of Johannesburg, Joburg Tourism’s Laura Vercueil said The Color Run in Soweto presents an ideal opportunity for participants to plan a day out and explore and experience the rich heritage and lifestyle attractions of Soweto. “Soweto’s to do list offers a feast for all, from the rich heritage landmarks on Vilakazi Street and the Hector Pieterson Memorial and Museum to bungee…
Sub-Saharan Africa trade flows are facing headwinds from weaker commodity prices, but because market performances will vary across the region, demand from corporates for transactional and trade financing solutions are on the rise, says Stanbic Bank Botswana. Sheperd Aisam, Acting Head – Corporate and Investment Banking, says while growth and trade have slowed, the future projections remain strong despite the challenges. “Although there are some testing times ahead, there are still a number of unique opportunities across the continent,” said Aisam. “Our growth rate for sub-Saharan Africa is still one of the fastest in the world.” The International Monetary Fund (IMF)…
Lucara Diamond Corp. has announced the results from its first Exceptional Stone Tender of 2016 from its key asset—the Botswana-based Karowe diamond mine. The junior mine revealed that the special tender of Karowe diamonds was completed on April 13, 2016 and consisted of 10 single stone lots. All 10 diamonds, totaling 1,525 carats, were sold for gross revenues of US $51.3 million (US $33,632 per carat). According to the listed company, 7 diamonds sold for more than US $2.0 million each, including 4 stones which sold for in excess of US $5.0 million each while Lot 901, the 296.7…
It’s that time of year, when brides and grooms to be, or those simply looking to enjoy a spot of bridal fun and fashion, mark their calendars. Save the date, folks, as the Masa Square Hotel Wedding Expo & Fashion Show 2016 is soon upon us! This year’s Wedding Expo & Fashion Show is set for 28th May 2016, and will by all accounts be a celebration of local talent. On the back of 3 years of ever incredible instalments of this now annual platform, the 2016 edition is set to be a truly BW pride moment, building upon the…
Local filmmaker, Tumi Sejoe will attend the 69th festival De Cannes in France this year from May 11-22. Tumi’s short film ‘The Awakened Spirit’ has been accepted to partake in the court métrage short film corner; represented by 105 countries, a programme for short filmmakers to promote and showcase their films. It is through this programme that accredited attendees get a chance to network with industry professionals, institutions, financiers and the most importantly international representatives in the film industry around the world. The programme also gives attendees access to conferences and workshops during the prestigious renowned festival. The Festival de…
Kimberley Diamonds Ltd (KDL) said open pit mining operations have commenced at its Botswana-based Lerala Diamond Mine adding that assuming that the re- commissioning of the process plant proceeds as planned, the first production and recovery of diamonds is expected in April 2016, and the first diamond sales are expected in June 2016. The mining activity follows the award of a mining contract to Basil Read Botswana (Pty) Limited following a two-stage competitive tender process in which eight qualified companies competed for selection into a shortlist of three selected companies. The contract covers the initial five years of mining at…
The Rail Park Comedy & Cocktails Night is bringing non-stop laughter and excitement to the palate in Gaborone on Friday the 22nd of April at Rail Park Mall Food Court area with Botswana and South Africa’s most funny and acclaimed stand-up comedians. The headliners for the upcoming show are Botswana’s very own Junior “Jujuvine” Sekolokwane and top South African comedian Sifiso Nene. Namibia based Jujuvine will be making his comedy debut at the Rail Park Comedy& Cocktails Night. He is well known for sharing funny skits on social media that has earned him loads of fans in Botswana, Zimbabwe and…