Archive for February 16th, 2007

The Herald - Harare, Zimbabwe

Business Reporter

TELKOM Ltd South Africa has completed its planned takeover of website manager, Africa Online (AoL) for a total consideration of 4,2 million British pounds.

Although the transaction is still subject to shareholder consent, at least 41 percent of African Lakes Corporation shareholders — parent firm to AoL — were backing the deal, the firm said in a statement this week. Africa Lakes hopes to garner more support from other major equity holders.

Telkom bid at least 15,50 pounds per share of African Lakes Corporation, which would put the of value the website host manager at 4,2 million pounds.

Essentially, this will allow Telkom to spread risk outside SA, as the fixed-phone operations in that country had run critically low.

The firm was also keen to beef up its data business and hopes to exploit untapped demand for Internet access across the continent, reports said.

Telkom is one of Africa’s leading and most dynamic telecommunications companies, providing integrated communication solutions to an entire range of customers.

On the other hand, Africa Online is arguably the largest pan-African Internet Service Provider in sub-Saharan Africa. It has operations in Cote d’Ivoire, Ghana, Kenya, Namibia, Swaziland, Tanzania, Uganda and Zimbabwe.

Daily News Archive – 16 February, 2007

PARLIAMENT – The pass rate for Batswana students in the Faculty of Science at the University of Botswana (UB) in 2002 and 2003 was 93.8 and 87.9 per cent respectively.

Minister of Education, Mr Jacob Nkate, said for the past three academic years, the pass rate has been steady at around 50 per cent. continue reading…

Mmegi/The Reporter (Gaborone)

Lekopanye Mooketsi

A Mochudi woman, Mokashane Nxumalo and three of her young relatives have come up with a rare business concept – chocolate-making. The popularity of their product increases, especially during special occasions like Valentine’s Day.

Their chocolate manufacturing shop, which is known as Huguenot, is located at Molapo Crossing mall. It has been in existence since November last year, even though Nxumalo said she conceived the idea more than 10 years ago, but could not raise the capital to start the business.Nxumalo thought about the idea when she went to the United States to study how to make special breads and desserts. The course also covered making pastries and moulding chocolates.

“My intention was to start a business in line with my studies, but when I came back I found there was an over flooding of bakeries. I decided to do something and realised that there was nobody who was making chocolates,” she said.

Huguenot chocolate shop is the only chocolate-making shop, operating in Gaborone.

Nxumalo said since they started operating, they have received a positive response from the public.

She believes that in a year or two, the business will be well established. Nxumalo and her partners are not concerned about making money now, but are focusing more on building the business. “We are looking at the future. As the business grows, we want to employ more people,” Nxumalo says.

They currently target corporate clients, including hotels and retail stores, but even individuals can place orders or purchase delicacies from the shop.

“We cater for any occasion including weddings. We also make [continue reading]