Archive for April 20th, 2007

source: BOPA
20 April, 2007

GABORONE – Botswana will soon open a zinc mine along Botswana-Namibia boarder at a place known as Kihabe, west of Nokaneng in the North West District.

The project started in 1983 but due to its remoteness within Botswana and the struggle for independence in Namibia through the 1980s, the project was inactive.

Mount Burgess Mining applied for a prospecting licence at Kihabe for 1969/03 and was granted and if all went according to plan, the project would be scheduled to commence production around November 2008, the company news states.

The prospecting licence covered a fault-bounded basin where potential exists for sediment-hosted base and precious metals deposits and nuclear fuels in the form of Carnotite, says the statement from the companys website.

The company says recent drilling by Mount Burgess mining into a 2.4km long base metals anomaly confirmed the presence of significant zones of zinc, lead and silver with credits for copper (0.34 per cent) and vanadium.

Mount Burgess Mining requested both Namibian and Botswana governments to open the Dobe boarder gate near Tsumkwe in Namibia, which was the companys base for diamond exploration.

With these developments in place, remoteness of the project [continue reading]

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source:  about:Bestsellers

The Good Husband of Zebra Drive by Alexander McCall Smith

This week Alexander McCall Smith released the 8th book in the Number One Ladies’ Detective Agency series. This series of delightful mysteries takes place in Botswana and features Mma. Precious Ramotswe, Botswana’s first lady detective.

source: BOPA
20 April, 2007

PALAPYE – Morupule Colliery is to commission construction of a coal wash plant estimated at P87 million to enable the company to produce good quality coal.

The mines manager, Mr Cletus Tangane, said at the ground breaking ceremony on Tuesday, that Morupule Colliery sat on a coal field which has an estimated 15 billion tons of coal, which, at the current rate of extraction would deplete in 15 000 years.

Mr Tangane said late last year, the company entered into a contract with South Africa DRA Plant Design and Control Engineers to construct a wash plant which was expected to be operational by the end of the year.

He said the wash plant would process coal to remove coal by-products such as ash that was of no benefit to coal users.

Therefore, Morupule Colliery would be selling a finished product that has an increased value.

Morupule Colliery has been able to penetrate the Southern African Development Community market and was supplying graded coal to Zimbabwe, Zambia and the Democratic Republic of Congo.

Mr Tangane said Morupule Colliery recognised the need for good environmental governance and was [continue reading]

Source: Reuters Africa
Fri 20 Apr 2007, 5:36 GMT
LONDON (Reuters) – Botswana will likely issue more domestic bonds to mop up excess liquidity in its financial system, Botswana’s central bank governor said on Thursday.

Although Botswana’s inflation rate has been slowing, Governor Linah Mohohlo said she was concerned by forecasts showing that liquidity would continue to grow.

“We are in the process of convincing the government, and I think they have already bought into this, to float more domestic bonds,” she told a conference in London.

Mohohlo also told Reuters there was “a very good chance” that outside institutions would issue more Eurobonds denominated in the Botswanan pula.

The European Investment Bank (EIB) issued a Botswana pula bond earlier this month following the successful issue of pula bonds by both the EIB and the African Development Bank in 2005.

Botswana is a popular market for foreign investors and boasts the best sovereign rating in Africa, rated at “A2” by Moody’s and “A” by Standard & Poor’s.

The diamond-rich country is aiming for an average of 5 percent annual economic growth over the next three years.

“But we are hoping for more [continue reading]

source: Herald Tribune

Published: April 19, 2007

 

In an effort to expand its global reach in computing, Microsoft plans to offer a stripped-down version of Windows, Office and other software for $3 to people in developing nations.

The program, which is being announced in Beijing Thursday by the Microsoft chairman, Bill Gates, represents an ambitious expansion of efforts to introduce products to those who have lacked access to personal computers, especially in developing nations.

While these countries have a growing appetite for technology as a means to spur growth and raise living standards, they also have very limited budgets. Some governments have encouraged alternatives to Microsoft’s Windows, notably Linux, a free operating system.

The Microsoft push comes as a nonprofit project, One Laptop per Child, plans this year to start producing machines priced at about $150 — with a goal of reaching $100 — that will run a version of Linux. Several countries, including Argentina, Brazil and Nigeria, have made tentative commitments to distribute the laptops to millions of schoolchildren.

Microsoft has offered discounted versions of Windows selectively in the past, to a few developing nations like Malaysia and Thailand, priced at $30 or less. But the new program, called Microsoft Unlimited Potential, goes further with more software and deeper price cuts and extends to all developing nations, said Microsoft’s senior vice president for emerging markets, Orlando Ayala.

Ayala said that the program also would be offered to low-income communities in the developed nations, including the United States — those families with incomes in the bottom 15 percent of the population, about $15,000 a year for an average household .

Under the program, Microsoft would make its discounted software available for installation on computers that would typically be sold to national, state or local governments, which would [continue reading]

source: IOL
Thieves have cracked two safes at Waterkloof Air Base and made off with at least R1,3-million that would have been used to pay for landing rights and fuel for foreign flights by President Thabo Mbeki and other VIPs, Beeld reported on Thursday.

The theft of dollars and rand outside Pretoria occurred on Tuesday night. The Air Force confirmed that the theft had taken place.

Sources told Beeld that the thieves used crowbars to gain access through two security doors at the finance offices, and then cut open the two safes. –
Sapa

source:Reuters

Thu 19 Apr 2007, 14:22 GMT

 

 

GABORONE (Reuters) – Botswana’s annual inflation rate continued its downward trend in March, slowing to 6.3 percent from 7.2 percent in the previous month, official data showed on Thursday.

Central Statistics Office data showed prices continued to fall after inflation jumped to 11.4 percent year-on-year on the devaluation of the pula currency in 2005.

Botswana introduced a formal inflation target of 3-6 percent in February 2006, but indicated that the target would not be achieved in that year due to the impact of the pula’s devaluation in May 2005.