Archive for February 9th, 2010

source: Mmegi

Toronto-listed energy company CIC Energy on Wednesday reiterated that it could not proceed with the Botswana-based Mmamabula project without regulatory approvals from the South African government.

CIC Energy president Greg Kinross said at the Mining Indaba in Cape Town that the regulatory uncertainties were the biggest challenge confronting the advancement of the project.

The company deferred certain financial, legal and engineering activities related to the Mmamabula energy project in December.

The decision was driven by the South African government’s development timeline for its energy sector integrated resource plan.

Kinross noted that the Mmamabula project could not be covered by the first integrated resource plan, which would only cover requirements for new generation capacity for the three-year period stretching from [continue reading]

source: Republic of Botswana (8/2/10) Tautona Times special edition – 2010 Budget Speech (Full Text)

[START] – 2010 BUDGET SPEECH – “TRANSFORMING OUR ECONOMY AFTER THE CRISIS: 2010 AND BEYOND”

By Honourable O.K. Matambo
Minister of Finance and Development Planning

Delivered to the National Assembly on 8th February 2010

I. INTRODUCTION

1. Madam Speaker, I have the honour this afternoon to present to the National Assembly budget proposals for the 2010/11 financial year.

2. Madam Speaker, allow me to take this opportunity to [continue reading]

source: BOPA
08 February, 2010

GHANZI – President Lt Gen. Seretse Khama Ian Khama has assured residents of New Xade in Ghanzi District that Ipelegeng wages would be increased once the countrys economy improves.

Responding to residents plea during his visit to the area last week, President Khama said the countrys economic situation was getting better, but stated that improvement will begin to show from 2011.

Therefore, he said once the situation has improved, Ipelegeng workers would be the first to be considered.

New Xade resident, Ms Phaephae Raseme, had asked government to consider reviewing Ipelegeng and [continue reading]

source: BOPA
08 February, 2010

GABORONE – Strategic partnerships in science and technology will be key instruments in transforming Botswana into a knowledge society.

Permanent Secretary in the Ministry of Infrastructure, Science and Technology, Mr Carter Morupisi said this on Thursday when welcoming delegates from South Africa during a two-day science and technology bilateral meeting in Gaborone.

He mentioned that research and development in Botswana is still at its rudimentary stage and the science and technology landscape remains small with a few research institutions.

Mr Morupisi mentioned that the 1998 Science and Technology Policy is being revised to align it with the national and global trends and developments, and make it responsive to

source: Fin24
Feb 08 2010 21:56

Harare – Controversy deepened on Monday over the Zimbabwean government’s handling of the Chiadzwa diamond field in the eastern Zimbabwe, with revelations of serious irregularities by the mines minister and the South African companies involved.

A parliamentary committee heard on Monday of the attempted illegal sale of 300 000 carats of diamonds by officials of a South African-based company that was supposed to be in partnership with a Zimbabwe state mining company.

Also revealed were allegedly unprocedural appointments by Mines Minister Obert Mpofu to the board of the joint venture company, and the theft of 27 high-quality diamonds by top executives of a second company also working the diamond fields in partnership with [continue reading]

source: Mmegi
By Nelson Direng
Correspondent

Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) in collaboration with the International Labour Office (ILO) stated that a slow response to the current problems facing Small and Medium Enterprises (SMEs) could have a negative impact on the country’s economy.

This came out of a two-day conference held in Gaborone last week themed: Effective Crisis Responses Targeting SMEs. The conference was aimed at recognising the importance of crisis response policies specifically addressing the needs of SMEs, assessing the effectiveness of measures that governments around the world are introducing in support of SMEs. This includes increasing the flow of credit and [continue reading]

source: BOPA
08 February, 2010

GABORONE – Finance and development planning minister, Mr Kenneth Matambo, and the European Union (EU) Head of Delegation, Mr Paul Malin has signed two financing agreements for 65 million euros (P650 million) to be provided as grant for the countrys human resource development (HRD).Speaking at the signing ceremony, on Thursday, Mr Matambo said the first agreement of 60 million euros (P600 million) would assist in producing an adequate supply of qualified, productive, healthy and competitive human resource.

It will further strengthen education and training, which is the focal area of our bilateral cooperation, he added. Furthermore, he said the second agreement of five million euros (P50 million ), which is Botswana-EU cooperation support project, would support the HRD sector policy support programme with technical assistance to the Ministry of Education and Skills Development, the proposed HRD Advisory Council and the [continue reading]

source: SW Radio Africa
By Violet Gonda
8 February 2010

The inter-party negotiations between the political partners in government over the implementation of outstanding issues re-started on Monday evening, after being adjourned on January 21st.

One of the negotiators Welshman Ncube from the MDC-M said they had also received an invitation to a meeting with the South African facilitation team at 3pm on the same day, before the scheduled inter-party meeting which was expected to start at 6pm. Speaking before the meeting with the South Africans, Ncube told SW Radio Africa: “We don’t know what they are going to discuss or what’s going to be on the agenda because we didn’t request it. They requested it. So we presume they will control what’s on the agenda.”

According to the monitoring group Veritas, the South African facilitation team is in Harare to assess the position of the talks and report back to President Jacob Zuma ahead of a visit by him to Harare tentatively scheduled for 13th February.

Veritas quotes Prime Minister Morgan Tsvangirai saying: “I have said to our party representatives let’s finalise this, let’s not procrastinate ….let’s see what we have agreed and what we have not agreed….Therefore we are able to say to President Zuma and SADC that ZANU-PF is refusing to implement, and therefore as far as we are concerned the only solution is that let’s agree on a [continue reading]





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