Archive for October, 2010

source: Mmegi BRIAN BENZA Staff writer The Bank of Botswana (BoB) has once again left the benchmark bank rate unmoved at 10 percent on the back of a favourable inflation outlook. In its second last sitting of the year on Tuesday, BoB’s Monetary Policy Committee (MPC) proved its commitment to the neutral monetary policy stance [...]

source: IOL October 28 2010 at 01:10pm The government apparently has no knowledge of what has happened to at least two thirds of cases reported to the National Anti-Corruption Hotline. Over the six-year period 7529 cases were reported to the hotline, but there had been feedback on only 2717 cases, according to the 9th State [...]

source: Mmegi MBONGENI MGUNI Staff Writer The country’s diamond exports could top P22.35 billion for the year, representing a seven-and-a-half percent increase on the 2008 figure even though derived from lower annual production, analysts have said. Yesterday, Capital Securities researchers said the value of diamond exports up to August 2010 were 72 percent of the [...]

source: News24 2010-10-28 16:33 Cape Town – Zimbabweans staying in South Africa can now apply for birth certificates and ID cards in Pretoria, Johannesburg and Cape Town, the Movement for Democratic Change (MDC) said on Thursday. It said the concession was announced by Zimbabwe’s consul general Chris Mapanga during a meeting with MDC leaders in [...]

source: Mmegi South Africa’s Treasury said yesterday it would relax exchange controls further, with individuals being allowed to take more money abroad in the latest government attempt to weaken the rand. At a briefing, central bank Governor Gill Marcus said she would give details next week, but could not estimate how much money would leave [...]

source: The Botswana Gazette Wednesday, 27 October 2010 14:08 Ministry calls Budget Pitso The Assistant Minister in the Ministry of Finance and Development Planning, Mr Charles Tibone, has said the introduction of the new Public Service Act has pushed the government bill up to P1 billion, from P700 million. Tibone was speaking at press briefing [...]

source: Mmegi ISAIAH MOREWAGAE Staff Writer Former Director at Directorate of Public Service Management (DPSM), Pearl Matome, who left the public service under a cloud early this year has been charged with two counts of corruption. Matome yesterday appeared at Gaborone Regional Magistrate Court charged with two counts of corruption. Matome is alleged to have [...]

source: Mmegi BRIAN BENZA Staff Writer The Botswana Institute for Development Policy Analysis (BIDPA) has advised Government to start producing and publishing a Citizens’ Budget so that Batswana may be better informed about how public funds in the national coffers are raised and spent. Unlike other countries in the region, among them South Africa, Namibia [...]

source: The Botswana Gazette Written by AUBREY LUTE Wednesday, 27 October 2010 15:19 SA debates Rand devaluation, Dollar weakens Diamonds could be too expensive for US consumers If the US Dollar continues to slide at the current rate, consumers in America are likely to find it expensive to buy goods from Botswana. The US has [...]

source: Sunday Standard by Prof Malema 24-10-2010 The Botswana Stock Exchange (BSE) is being fast tracked into a company with limited liabilities to pave the way for it to be demutualised in future, in line with other exchanges in the developed markets, government said this week. Junior Finance and Development Planning Minister, Charles Tibone, told [...]

source: The Botswana Gazette Written by AUBREY LUTE Wednesday, 27 October 2010 16:20 Innovation Hub kick started The Botswana Development Corporation (BDC) has been tasked with ensuring that the infrastructure of the Botswana Innovation Hub (BIH) is completed in time so that the full mandate of the Hub can be executed towards the end of [...]

source: allAfrica UN News Service (New York) 27 October 2010 African countries must mobilise domestic revenue and diversify their economies to supplement resources that flow into the continent from foreign aid, loans and investment to sustain growth during the global financial crisis, the head of the United Nations Economic Commission for Africa (ECA) said today. [...]

MPs Assets Bill gazetted

source: Mmegi MONKAGEDI GAOTLHOBOGWE Staff Writer The long awaited Law forcing MPs, the President and Ministers to declare their assets and liabilities is finally here, after a draft bill was gazetted on October 22 by Minister for Presidential Affairs and Public Administration, Lesego Motsumi, exactly 14 years after parliament first agreed such a law should [...]

source: SW Radio Africa By Lance Guma 26 October 2010 Zimbabwe entered a new digital era last week Friday when the largest mobile phone network Econet Wireless launched its mobile broadband package available to their estimated 4.5 million subscribers. Econet CEO Douglas Mboweni said this was the most ambitious project they had undertaken since 1998 [...]

source: Mmegi The UAE, represented by the General Civil Aviation Authority, recently initialled an air services agreement (ASA) and Memorandum of Understanding (MoU) with Botswana. Omar Bin Ghalib, Deputy Director-General of the UAE General Civil Aviation Authority, signed the MoU on behalf of the UAE while Lieutenant Colonel Moakofi K. Modisenyane, Deputy Permanent Secretary of [...]





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