Archive for October 29th, 2009
At the Monetary Policy Committee meeting held today, the Bank kept the bank rate unchanged at 11 percent. The last change in the bank rate was a 50 basis points reduction in August 2009.
Inflation rose for the second consecutive month in September 2009, remaining above the upper end of the Bank’s medium-term objective range of 3 – 6 percent. Despite the short term increase, inflation is expected to stabilise around the objective range in the medium term.
The inflation outlook reflects a combination of global and domestic economic developments.
Domestic output expanded in the second quarter of 2009 due to the recovery in global demand, following a contraction in [continue reading]
29 October, 2009
RAMOTSWA – Batlokwa have called on the village leadership not to accede to a government proposal for a bypass on the northern side of their village.
The road is aimed at easing traffic congestion along the Tlokweng/Zeerust Road.
But Kgosi Puso has asked them to hold on as the matter is not yet final.
Commenting on Kgosi Pusos state of the village report, the residents expressed their concern over what they called a development that would further eat into the already pressurised land.
They pleaded with their kgosi to block any move that might give way to the development unless sound reasons are advanced for doing so.
Kgosi Puso had informed his subjects about the developments and [continue reading]
The lawyer representing the man who was deported for allegedly insulting President Ian Khama is contemplating taking the matter to the SADC Tribunal.
A businessman of Indian origin, Sayed Fakhar Abbas Shah, was flown out of the country last Thursday after being declared an undesirable visitor to Botswana. The lawyer, Duma Boko, says he is assessing different options, one of them being approaching the Tribunal of the Southern African Development Community (SADC). The SADC Tribunal was established in 1992 by Article 9 of the SADC Treaty for the development of the regional bloc’s law and jurisprudence Earlier this month, Shah was arraigned before the Gaborone Regional Magistrates Court after he allegedly uttered words to [continue reading]
29 October, 2009
FRANCISTOWN – Residents in Mmadunyane village who are of Shona origin have accused the Department of Immigration and Citizenship of routinely confiscating their Omang cards when they try to apply for passports.
Mr Sam Mutoriti, one of the elders, said officials of the department have ordered them to renounce their Zimbabwean citizenship before they could acquire Botswana passports.
Mr Mutoriti lamented that seizing of the national identity cards had denied some people the opportunity to vote in the recent general elections.
Also, they were unable to utilise government empowerment programmes such as [continue reading]
Harare – Zimbabwe’s Movement for Democratic Change on Wednesday accused President Robert Mugabe of trying to tear apart a unity pact by threatening to replace cabinet ministers chosen by the former opposition.
“It is tantamount to tearing apart the unity government,” MDC spokesperson Nelson Chamisa told AFP.
The state-run Herald reported on Wednesday that Mugabe was pondering replacing MDC ministers who have not attended cabinet meetings since Prime Minister Morgan Tsvangirai cut ties with Mugabe’s Zanu-PF after a deadlock over key issues.
“His Excellency may have to [continue reading]
29 October, 2009
GABORONE – The Association of European Parliamentary for Africa (AWEPA) has called for more funding for parliaments to enable them to play their oversight role effectively.
More funding will also allow the legislature to remain in contact with the poorest people, who mainly live in rural areas.
These are some of the recommendations of AWEPAs 25th anniversary conference held in Cape Town, South Africa, recently. It was attended by, among others, former president, Mr Festus Mogae, as well as representatives of 38 regional and national parliaments in Africa and Europe It stressed the importance of parliament as the central institution through which the will of the people is expressed.
During their deliberations, the participants also stressed the necessity of adequate representation of women in parliaments, and the vital role of parliamentarians as [continue reading]
The Ministry of Agriculture is working on a proposal asking Cabinet to make land readily available to citizens.
Speaking at a panel discussion on food security organised by the Botswana Council of Churches (BCC) in Gaborone, land boards director Moremi Phiri said although the country is in a position to supply everyone with land, only seven percent of land is suitable for farming.
So the challenge is availability of suitable land for farming, Phiri says, pointing out that though Botswana has a vast land mass, only seven percent of it is suitable for arable production, hence there are challenges as [continue reading]
Botswana’s privately held businesses are more optimistic about the economy and their businesses than they were last year despite the ravaging effects of the global economic downturn.
A report complied by international business consultants Grant Thornton says despite energy cost and consumer demand concerns, businesses in Botswana are more optimistic than they were in 2008 and are more upbeat about the future than their counterparts in the region.
The Grant Thornton International Business Report (IBR) 2009 shows that Privately Held Businesses (PHBs) in Botswana are more optimistic about prospects for 2009, the only country this year with an [continue reading]