Archive for October 14th, 2008
By Wanetsha Mosinyi
Letshego Holdings is confident it will raise up to P1 billion after the company’s shareholders last week approved the use of debt instruments to seek funding to finance the growth strategies of the group in Africa.
“Looking at the performance of the Group and our strong loan book, we expect a positive response from the market,” Group Managing Director, Jan Claassen, said at a press conference last Friday.
Claassen said despite the financial crisis gripping the world markets, there are still fund managers in the US whose business models are excellent and are interested in investing in Africa.
The Botswana market, which remains resilient to the turmoil on world markets, has excess liquidity, resulting in most bonds listed on [continue reading]
The Times of Zambia (Ndola)
14 October 2008
The directive by Inspector General of Police, Ephraim Mateyo to his charges to shoot and kill dangerous armed criminals needs to be treated with caution.
The inspector general is clearly setting himself on a collision path with the human rights activists, who see it as their mandate to protect the lives of every citizen, be it a suspect or confirmed criminal.
While our police officers are no doubt doing a commendable job of protecting law-abiding citizens against society’s misfits, the directive to shoot and kill may be misunderstood by some overzealous police officers.
It is true that police officers risk their lives daily when discharging their duties because some of the suspects they encounter are heavily armed.
Police officers however, need to exercise caution before they open fire on suspects. Only in situations where [continue reading]
By Wanetsha Mosinyi
Boteti Exploration on Friday received a 15-year mining licence from the Botswana government for its proposed AK06 diamond project near Orapa.
De Beers (70 percent) and African Diamonds (28 percent) own Boteti Exploration.
Production is scheduled to start in April 2011, with all of Boteti’s diamond production to be sold through Diamond Trading Company Botswana (DTCB).
Statements from the Joint Venture partners said government has undertaken to supply power to the project from the national grid, and had decided not to take equity in the venture. Government had the right to buy up to a 10 percent stake in the mine.
This is the second new diamond mine in which the government has decided not to invest after it declined to buy into the Lerala mine recently opened by BSE listed junior Diamonex.
Government has also agreed to [continue reading]
14 October 2008
With an exciting new 2010 Fifa World Cup section and some 2 000 high-resolution photos, the MediaClubSouthAfrica.com image library is a stunning free resource for publishers, media practitioners – and anyone else with an interest in South Africa.
Published by the International Marketing Council of South Africa, http://www.mediaclubsouthafrica.com offers free content on the country, including high-quality news and feature article feeds – and a comprehensive library of up-to-date images produced by professional photographers.
Quick, non-intrusive registration on the website gives the user immediate access to a wealth of visual “takes” on contemporary South Africa.
Available either as quick copies for webmasters or as print-quality, high-res downloads, the photos are sorted into 12 categories.
These include some of the travel-type categories one might expect – people, cities, nature, arts and culture, tourism and leisure – but the photos are more realistic than [continue reading]
13 October 2008
Former President Thabo Mbeki will travel to Zimbabwe on Monday to try to assist in a political deadlock over the agreed upon unity government in that country.
Speaking to BuaNews, his spokesperson, Mukoni Ratshitanga said he would meet with the country’s political leadership to continue the SADC- mandated facilitation process which he began in March which is designed to end years of political and economic crisis in Zimbabwe.
“Yes he [Mbeki] and his delegation are flying to Harare later this afternoon to make sure there is a solution to the power-sharing deal,” said Mr Ratshitanga.
He told BuaNews that Mr Mbeki will be accompanied by a facilitation team of former provincial and local government minister Sydney Mufamadi, director general in the presidency Rev Frank Chikane and Advocate Mojanku Gumbi.
President Robert Mugabe, opposition MDC party leader Morgan Tsvangirai and [continue reading]
By Monkagedi Gaotlhobogwe
President Ian Khama is jetting off to Namibia today to fast track the construction of a Botswana harbour facility at Walvis Bay.
Reliable sources in government told Monitor that the two presidents will unlock the logjam that has dogged negotiations for the lease of land for the construction of the facility.
The project was first mooted under former President Festus Mogae but was delayed because Botswana and Namibia have disagreed on the terms of the lease.The construction of a Botswana port at Walvis Bay has not taken off since Namibia offered Botswana a 36,400sqm for use as a dry port a few years ago. Both countries have been dragging their feet in signing the lease agreement that should pave way for the development of the port. Gerald Thipe, the Coordinator of the Transport Hub in Botswana previously described the issue as sensitive.
On February 8 this year, both countries signed a [continue reading]
By Staff Writer
This year’s business networking show, Global Expo ’08, will get underway from Wednesday.
Under the theme ‘Promoting Economic, Diversification and International Trade, the three-day BEDIA-piloted show will be launched by the Vice President Mompati Merafhe at the Gaborone International Convention Centre (GICC) on October 15.
“This is a business-to-business exhibition that gives local and international manufacturers an opportunity to build, generate and maintain business networking relations,” says a statement from BEDIA. “It also enables them to find market access and to sell their products.”
Alongside the exhibition will be investment forums, workshops and buyer-seller meetings hosted by [continue reading]
source: SW Radio Africa
By Violet Gonda
13 October 2008
The latest events in Zimbabwe show the extent to which Robert Mugabe continues to abuse his power.
After a bloody election campaign that resulted in more than 130 MDC officials killed and tens of thousands of supporters brutalised and displaced, Mugabe was given a chance to redeem himself in a government of national unity when the political parties signed an agreement on the 15th September to share power. But a month later he has made a mockery of the power sharing agreement by unilaterally gazetting key ministries to Zanu PF.
In typical Mugabe fashion he is behaving as if the deal between the political rivals had never been signed, resulting in the MDC saying they have been “ambushed.”
Undeterred, the ZANU PF leader went one step further on Monday and swore in his Deputy Presidents – Joyce Mujuru and Joseph Msika (who is a year older than Mugabe at 85). The swearing-in took place on the same day that Mugabe knew that former South African leader Thabo Mbeki was expected in Zimbabwe to try and save the [continue reading]
By Onalenna Modikwa
BOBONONG:The Babirwa representative in the House of Chiefs, Mmirwa Malema has urged the government to reconsider erecting an electric fence along the Zimbabwean border in the Bobirwa area, to control Foot and Mouth Disease (FMD) outbreaks.
Speaking during a meeting convened by Vice President Mompati Merafhe in Bobonong last Thursday, Malema said the area is currently hit by drought and cattle disease. The movement of animals between Botswana and Zimbabwe spreads FMD. He stated that Bobirwa area does not have FMD and drought and the problems have been imported from Zimbabwe through smuggling of livestock.
After the outbreak of FMD in the area in 2006, there were plans to erect an electric fence on the border with Zimbabwe but the decision was reversed in favour of intensified patrols. But Malema feels that the government should erect the fence. “We had wanted the electric fence to be erected because now we are in a state of despair. I plead with the [continue reading]
The Nation (Nairobi)
12 October 2008
Park station in downturn Johannesburg, South Africa teems with Zimbabweans arriving in the land of plenty in rattled buses that dramatise the escalating economic crisis back home.
The majority of the arrivals have harrowing tales to tell and complain that the decade old economic problems in Zimbabwe are dehumanising them.
Mrs Nancy Hadebe, a primary teacher with 15 years experience says she braved the crocodile infested waters of the Limpopo River because she had no hope of obtaining a Zimbabwean passport.
An ordinary passport can take up to five years to be processed because the government does not have foreign currency to buy materials used in the production [continue reading]
13 October 2008
Officials from global football authority Fifa and the 2010 organising committee have concluded a 10-day inspection tour of all ten World Cup stadiums, praising the general construction status.
Experts from Fifa and the LOC represented various areas ranging from stadium technical teams to security, competitions, hospitality, ticketing, media, marketing, TV and IT.
“Overall we are happy with what we have seen in the facilities. Very encouraging progress has been made in particular at the six new stadiums since the last visits. They will be amazing football jewels in 2010,” said Fifa South Africa office head Ron DelMont in a statement by the LOC last week.
“The great engagement from the cities proves that we are on the right track.”
Also part of the inspection party was LOC acting [continue reading]