Archive for April 26th, 2007

source: allAfrica
Mmegi/The Reporter (Gaborone)

April 25, 2007
Posted to the web April 25, 2007

Ryder Gabathuse

The First National Bank of Botswana (FNBB) is in the process of establishing a business banking division to cater for small and medium scale enterprises (SMEs), a senior bank official said last Saturday.

Nixon Marumoloa, FNBB’s relationship executive in the corporate banking division, announced this at the Hospitality And Tourism Association of Botswana’s (HATAB) Open Season symposium held at the resort town of Kasane over the weekend.

He was responding to questions regarding what his bank was doing for the so-called ‘small banking customers’, especially those that have just set up businesses or individuals who have just started work.

“It’s not that we are simply sitting in Gaborone doing nothing. We are packaging a product targeting SMEs and people who have just gone into business,” Marumoloa explained.

He said FNBB was setting up a business banking division for the specific support of the small and medium business community and individuals.

“At the moment, we are actively involved in setting up things. Once the business banking division has been launched, we will take it to the people as a complete product as usual,” Marumoloa said to a round of applause.

One of the participants, who preferred anonymity [continue reading]

source: allAfrica

Mmegi/The Reporter (Gaborone)

April 25, 2007
Posted to the web April 25, 2007

Ryder Gabathuse

Environment, Wildlife and Tourism Minister Kitso Mokaila has said the cabinet will soon look into how Botswana can benefit from the 2010 World Cup in neighbouring South Africa. He said at the annual official opening of the tourism season in Kasane that the working committee charged with the task is due to make presentations to the cabinet.

“The matter of the 2010 World Cup is being taken to the cabinet as the committee needs facilities to run its campaign to host some of the teams participating in the World Cup, for their training and other needs,” he said at the function held under the aegis of the Hospitality and Tourism Association Board (HATAB). He pointed out that although countries have not yet qualified for the World Cup, the committee will bank on the history of teams that have in the past made it to the tournament continuously when doing its work. “We are therefore, talking to some multinationals to support our endeavours so that the country can benefit,” he revealed.

During the function, Mokaila emphasised that that the tourist operator C-permit is strictly reserved for citizens. “The tour operator business [continuer reading]

source: IOL

Aziz Hartley
April 25 2007 at 07:59AM

There are genuine concerns that South Africa may not be able to provide proper security for the 2010 World Cup, according to a new Institute of Security Studies (ISS) report.

ISS senior researcher and report author, Johan Burger, says high crime levels, a perceived struggle by police to contain crime and their clumsiness in restructuring the service, are leading to a serious distrust in their ability to safeguard the event.

Burger reports in the latest issue of SA Crime Quarterly, that while certain crimes had decreased, they were from a very high base.

“Murder, for example, decreased from 66.9 per 100 000 (people) in 1994/95 to 39.5 in 2005/06, but is still almost eight times the world average of 5.5.

“If the current reduction rate in murder is maintained, it will take approximately another 15 years to reach the international norm.

“The SA figure becomes even more disturbing if one looks at the real number [continue reading]

source: IOL

Babalo Ndenze
April 25 2007 at 08:40AM

The implementation of the Electronic National Traffic Information System (eNatis) has caused a backlog of at least 150 000 unregistered vehicles, which are idle in showrooms, said the Retail Motor Industry Organisation (RMI).

Some Cape Town car dealers have had potential buyers cancel vehicle orders because of the delays.

Banks are also refusing to pay dealers because the vehicles are not registered and have not been tested as roadworthy, a prerequisite for a sale.

RMI chief executive Jeff Osborne said eNatis had also affected the truck and motorcycle industry negatively.

‘It’s been an absolute disaster’
“Most have run out of temporary permits. They last for 21 days. It’s affecting a combination of things (because) roadworthiness testing centres are also linked to eNatis.

“It’s causing a knock-on effect.”

He said the costs of holding vehicles already bought caused cash flow problems for dealers.

“Volumes are significantly down this month. Commission reliant on sales are also affected. It’s been an absolute disaster,” said Osborne.

He said the industry would quantify the financial damage caused by eNatis when [continue reading]

source: allAfrica

The Namibian (Windhoek)

April 25, 2007
Posted to the web April 25, 2007

Brigitte Weidlich

HISTORY was made in the energy sector when a licence was granted to investors for the erection of a large wind-power project that could eventually generate 25 per cent of Namibia’s electricity supply.

This makes Namibia the first African country to embark on large-scale wind-power generation.

The Electricity Control Board (ECB) handed the licence over to Aeolus Power Generation Namibia, a joint venture between Dutch businessman Leo van Gastel and a Namibian partner, the United Africa Group.

Both hold a 40 per cent stake in the venture and the remaining 20 per cent is reserved for future employees.

The mother company, Aeolus Associated, is registered in Luxembourg.

Van Gastel intends to inject nearly N$1 billion into the establishment of a large wind park that will generate 92 megawatt (MW) of electricity, roughly a quarter of Namibia’s energy needs of approximately 400 MW.

The proposed investment of 99 million euros (about N$1 billion) provides for 102 wind turbines to be erected outside Luederitz, Oranjemund, Swakopmund, Henties Bay and Walvis Bay.

The intention is to sell the electricity [continue reading]