Archive for April 10th, 2010
The long awaited merger between the Botswana Alliance Movement (BAM) and Botswana Congress Party (BCP) into one party will be introduced to the public at a press conference in Gaborone today.
In a press statement, information and publicity secretary, Dumelang Saleshando, said party presidents ,Gilson Saleshando (BCP) and Ephraim Setshwaelo (BAM) and their executive committees will address the media about the merger at the Botswana National Productivity Centre building.
“The purpose of the press conference is to report on the progress made with regard to BAM-BCP merger into a [continue reading]
08 April, 2010
GABORONE – Government is proposing to raise a P931 million (US$ 136.4 million) loan from the World Bank for part financing the Morupule B Power Station project.
Presenting a bill to that effect, Minister of Finance and Development Planning, Mr Kenneth Matambo said the proposed loan would finance the purchase and installation of three main transformers, transmission line from Morupule B to Phokoje and a water pipeline from the new Paje/Mmashoro well-field to the project site.
He stated that Botswana like several other countries in the sub-region relied on imported electricity and the deepening energy crisis across the southern Africa sub-region was a major impediment to [continue reading]
President Ian Khama seems to be applying divide and rule tactics to break the Barata-Phathi faction of the Botswana Democratic Party (BDP).
Mmegi has been informed that Khama has pardoned the Kweneng East MP, Edward Raletobana, one of the Barata-Phathi faction members who attended a Mogoditshane meeting that discussed the possibility of forming a splinter party last month.
Just before the Mogoditshane meeting the BDP issued a warning to the Barata-Phathi that they should not attend the proposed meeting. The BDP leadership warned of dire consequences for members who attended the meeting. But members of the Barata-Phathi faction defied the party leadership, attending the meeting in large [continue reading]
08 April, 2010
GABORONE – The Ministry of Trade and Industry has disbursed P100 million from the alcohol levy to the Ministry of Youth, Sports and Culture from which P30 million will be used to capitalise the Youth Development Fund.
Assistant Minister of Trade and Industry, Mr Maxwell Motowane, told Parliament that government had also committed 45 per cent of all revenues collected from the alcohol levy to be provided to the youth department to continue funding projects.
He said the funds were expected to assist youth countrywide who apply for financial assistance to start business projects.
Mr Motowane said in addition a total of P2.4 million had been disbursed for prevention of alcohol abuse programmes for the youth such as Goga Masigo Association of Arts (P82 000), Department of Public Health for youth and alcohol campaign activities in [continue reading]
Business Day (Johannesburg)
Siseko Njobeni and I-Net Bridge
9 April 2010
Johannesburg — The World Bank has thrown Eskom the lifeline it was so desperately seeking by approving a $3.75 billion loan to help South Africa secure its electricity supply.
The Bank said in a statement late yesterday that the loan – the Bank’s first major lending engagement with South Africa since the fall of apartheid 16 years ago – aimed to benefit the poor directly, through jobs created as the economy bounces back from the global financial crisis and through additional power capacity to expand access to electricity.
“The loan is provided to South Africa’s power utility, Eskom, and was brought about by unique circumstances including South Africa’s energy crisis of 2007 and early 2008, and the [continue reading]