Archive for November 28th, 2007
Botswana, together with Lesotho, Mozambique and Swaziland, has signed an Interim Economic Partnership Agreement (EPA) with the European Union (EU), the Ministry of Trade and Industry has announced.
A statement from the ministry says the agreement was signed last Friday in Brussels, Belgium after extensive negotiations which began in 2004 between the EU and the SADC EPA configuration.
Under the new trade agreement, Botswana’s exports, including beef, will now enjoy permanent duty free, quota free (DFQF) access to the European market. Additionally some textile products will benefit from single transformation for export.
“This improved market access should enable higher returns and better profits to producers and hence higher employment and growth to the Botswana economy,” the statement says.
“The Interim Agreement also provides for [continue reading]
source: SW Radio Africa
By Tichaona Sibanda
27 November 2007
British Prime Minister Gordon Brown has reiterated he will not be attending next month’s European summit with African leaders because of reports saying Robert Mugabe plans to attend.
Brown confirmed his decision to stay away from the Lisbon summit at his monthly Downing Street press conference on Tuesday. Other EU leaders including the German chancellor Angela Merkel, have criticised Mugabe’s calamitous rule in Zimbabwe, but say they put the importance of the summit over and above Mugabe’s attendance.
Brown told journalists; ‘I will not be attending the summit. Given the circumstances of the last 10 years and our attempts to give assistance in Zimbabwe, which have been thwarted and resisted, it is not possible for us to attend this summit and sit down with President Mugabe.’
Reports in the British press said while Mugabe was reported to have [continue reading]
The bearish pattern that has characterised the stock market lately continued last week as the mainstream DCI lost another 0.77 percent to close the week near 9,000 points.
The main index was once again pulled down by blue chip commercial banks Barclays and Stanchart, whose prices have been realigning to levels supported by their fundamentals.
Stanchart was the biggest loser of the week, shedding 6.1 percent, while Barclays lost 0.56 percent.
The DCI, which closed the week at 9,014 points, has lost about 8 percent from the September 28 level of 9,769 points.
On the other hand, the Foreign Companies Index lost by an even wider margin, shedding 4.65 percent largely due to losses in the dominating mining counters on the board.
Profit taking in mining companies A-Cap, AF Copper and Anglo saw the counters losing [continue reading]
27 November 2007
South Africa has launched two new innovation centres to help the country compete globally in the fast-developing fields of nanotechnology and nanoscience.
The National Centre for Nano-Structured Materials (NCNSM) is based at the Council for Scientific and Industrial Research (CSIR) campus in Pretoria, while the DST/Mintek Nanotechnology Innovation Centre is based in Johannesburg.
Speaking at the launch in Pretoria on Monday, Science and Technology Minister Mosibudi Mangena said nanotechnology could be used to address some of South Africa’s social and economic challenges.
“We therefore have to create an environment conducive to harnessing the potential benefits of this promising field,” he said, adding that the scientists working at the new centres would be [continue reading]