Archive for September 14th, 2007

source: BOPA
14 September, 2007

GABORONE – The Ministry of Environment, Wildlife and Tourism is scheduled to launch a 2010 FIFA World Cup Strategy today .

A press release from the ministry says The National Strategy is intended to help create an irresistible sporting environment that attracts international football teams and at the same time leaving a long term sporting legacy for Batswana.

This follows the formation of a task force under the Botswana Tourism Board to come up with a National Strategy for Botswana Towards Hosting of International Football Team(s) during the 2010 FIFA World Cup.

This would position Botswana to take advantage of the many football spectators, tourists and potential investors that are expected to be visiting Southern Africa around that time.

The release says that of all South Africas neighbours, Botswana is perhaps the best placed country to attract international football teams ahead of the competition.

As a country, and a [continue reading]


source: BOPA
14 September, 2007

GABORONE – Botswana International Financial Services Centre (IFSC) continues to carve a niche as an emerging cross-border financing hub in the continent.

Its chairperson, Mr Quill Hermans, says in the IFSC annual report that since its inception four years ago, the Botswana IFSC Company has raised its profile consistently and has seen an accompanying increase in interest in the value it offers from both regional and international institutions.

Mr Hermans says Botswana occupies a unique position in Africa and in the past year, both Moodys Investor Service and Standard & Poors again awarded the country the highest sovereign credit ratings on the continent.

These ratings are the fruits of a strong culture of fiscal prudence coupled with low domestic and external debt. The result of this solid governance is that Botswana has been identified as being among 11 countries or territories in the world that enjoyed high, sustained growth over a 25 year period.

The continuing democratisation of the continent has increased the incentive for investors to explore increasing opportunities in Africa.

He however says although this newer competition might be seen as a threat to Botswana, it opens real possibilities in the countrys financial services industry.

Mr Hermans says the recently approved Non-Bank Financial Institutions Regulatory Authority is a welcome development that will [continue reading]

Villages get power

source: BOPA
14 September, 2007

MOLEPOLOLE – The 100 villages electrification project is underway.

It was launched at a ceremony at the Kweneng village of Gakutlo by the Minister of Minerals, Energy and Water Resources, Mr Ponatshego Kedikilwe yesterday.

Two other villages, Motshegaletau and Jackalas No. 2 will be electrified simultaneously with Gakutlo.

The P550 million project is implemented through loans acquired from the Swedish Nordic Investment Bank and Nordea. SWECO International of Sweden is the lead consultant of the project.

Electrification of the first 30 villages is expected to be completed in July next year, while work on the remaining 70 is to be completed at the end of NDP 9.

Mr Kedikilwe said the project comes at a time when the country faces great challenges arising from diminishing electricity generation capacity in the region in the face of ever increasing demand.

But he said efforts were afoot to incubate and nurture security of supply. Eskom of South Africa, he said, will continue to supply at an agreed rate.

He also mentioned that cordial negotiations were ongoing with Electricide De Mozambique (EDM) for an extension of the current agreement into the 2008-2010 period and beyond.

Minister Kedikilwe said while Botswana Power Corporation (BPC) and its regional partner utilities were devising ways and means of keeping the economy energised, new and existing users of electricity must inculcate the discipline to use electricity more efficiently.

He implored all users of electricity to pay heed to BPCs recently launched National Electricity Efficiency Campaign as a matter of survival. The minister said the impact on the 30 villages would vindicate governments commitment to electrification as one of the prerequisites to meaningful rural development.

He told the gathering that schemes such as Rural Collective Electrification were attempts to mitigate the [continue reading]

Look out for fake P20

source: BOPA
14 September, 2007

LOBATSE – Lobatse police has warned members of the public to be on look out of P20 fake notes. Police warning follows discovery of four P20 fake notes bearing the same serial number E 23635, which were brought to their attention by Botswana Breweries and one of the local banks on September 8.

Police spokesperson Insp. Alice Oabile said the P20 notes were circulating in Lobatse and surrounding areas. It appears the money was used to buy Chibuku from a depot in Molapowabojang while another note currency was [continue reading]

source: The Zimbabwe Independent

Pindai Dube

THE Minister of Energy and Power Development Mike Nyambuya said motorists should get used to being pedestrians to save the scarce drops of fuel available in the country.

Speaking at the official opening of the National Oil Company of Zimbabwe (Noczim) service station in Matshobana on Wednesday, Nyambuya said motorists should adjust to being pedestrians as the supply of fuel was not improving.

“The country is facing critical fuel shortages and as government, we encourage all Zimbabweans to reduce the number of cars on the country’s roads and walk to save the scarce fuel we have,” Nyambuya said.

Analysts said Nyambuya’s statement was an admission that government was failing to find a lasting solution to the country’s fuel problems which started in 1999.

Nyambuya said the new Noczim service station had the capacity to hold 55 000 litres of petrol, 55 000 litres of diesel and 10 000 litres of paraffin.

“In most developed countries, especially in Western countries company executives wearing expensive suits use public transport or walk to work but here in Zimbabwe one person wants to have 10 cars on the road each day,” Nyambuya said.

Zimbabwe has been facing [continue reading]

source: allAfrica
The Herald (Harare)

14 September 2007
Posted to the web 14 September 2007


ZIMBABWE should use information and communication technologies to defend its sovereignty, interests, culture, and the rights of the people against Western domination, President Mugabe has said.

The President said this when he officially launched the ICT Policy Framework in Harare yesterday.

“We are a people who have a culture, a cause, an identity, priorities and a destiny we want to take our nation to.

“We have our own sphere, our own space, which we must self-determine and govern as a sovereign people. We will never be that image the British or Americans have put on BBC or CNN, never.

“They do not want us to assume full control of our land, and hence the present fight. And because it is a fight where we again stand on the side of right and justice, the British have sought, through ICT and other means, to mobilise around extraneous issues and images to side-track the world from the core matter at the heart of the present fight.

“They have used propaganda and their global news networks to leverage international opinion against us. This is as ‘innocent’ and as ‘neutral’ as information and communication can be. They control the nether, we control truth and in the end right will be might.”

Zimbabwe’s ICT policy, he said, cannot be an escape from [continue reading]

source: BOPA
13 September, 2007

SEROWE – There is a possibility of relocating the P27 million Serowe Integrated Sport Facility due to structural defects.

The facility, which houses the football pitch, athletics running tracks, netball, volleyball, softball and tennis courts was constructed in 2002 and commissioned in 2003.

Since then, calls have been coming from different quarters for the relocation of the facility because of huge cracks on the playing courts and office buildings.

Briefing the Central District Development Committee (DDC) members on the sporting complex on Monday, the Sport Coordinator at the Department of Sport and Recreation, Mr Dickson Gabanakgosi, said intense consultation was going on regarding the possible relocation of the facility.

He explained that the relocation proved to be an ideal choice, as efforts to rehabilitate the place in the past were fruitless.

Prior to the departments decision, he said, the technical committee, that was appointed to investigate the facilitys problems established that it will cost the government about P17 million on the first rehabilitation.

The rehabilitation will [continue reading]

source: BOPA
13 September, 2007

GABORONE – Botswana and Costa Rica have signed an agreement to establish diplomatic relations. The Minister for Foreign Affairs and International Cooperation, Lt Gen. Mompati Merafhe signed the agreement with his counterpart from Costa Rica, Mr Bruno Ugarte in Gaborone this week.

General Merafhe said the agreement symbolised the beginning of a long process of nurturing mutually beneficial relations between the two countries.

Friendships like these need to be nurtured as they represent platforms upon which opportunities for the prosperity of our people can be explored, he said.

He said the establishment of diplomatic relations between the two countries demonstrated their commitment to strengthen and deepen relations.

He said Botswana expected to learn from Costa Rica in agriculture and tourism as [continue reading]

source: SW Radio Africa

Tererai Karimakwenda
13 September, 2007

It has been revealed that virtually all companies that supply basic goods and services to the domestic market have stopped production, due to the price controls introduced by government this year. Bulawayo based businessman Eddie Cross told Newsreel that major companies such as Olivine Industries, Unilever, National Foods, Blue Ribbon Industries and Victoria Foods have all stopped supplying the domestic market. This means the current shortages of basic commodities will become even worse, and Cross said it is part of the government’s strategy to reduce the urban population ahead of the elections. He said the state also wants to take over private firms and eventually give the shares to party chefs. Critics also believe the government wants to control the production of basic commodities to further use food as a political tool.

Cross explained that the price controls have nothing to do with prices. He said the government has two objectives. The first is to drive out of Zimbabwe about 2 million more people, ahead of the elections in 2008; “And they don’t care where these people go. It could be the rural areas, South Africa, Malawi or wherever. As long as they are out of the cities and towns so they cannot vote.” The second objective is to set up what he called the “ZANU-Fication” of private industry.

A new Statutory instrument was published at the end of August that allows government to take over any private company that is deemed not productive. The new regulation, Statutory instrument 159A, gives the state powers to appoint an administrator to manage companies that [continue reading]

source: Mineweb


Thursday , 13 Sep 2007

Gem Diamonds Limited (LSE: GEMD) (“Gem Diamonds”) is delighted to announce the recovery of a 494 carat diamond from its Letšeng Mine in Lesotho. This remarkable diamond, which is yet to be named, is believed to rank as the 18th largest rough diamond. The diamond is an excellent colour and has high clarity.

The Letšeng mine which is 70% owned by Gem Diamonds and 30% owned by the Government of the Kingdom of Lesotho has now produced three of the world’s top twenty diamonds. Two of these have been recovered by Gem Diamonds in the last 13 months – the 603 carat Lesotho Promise recovered in August 2006 and the 494 carat diamond announced today. The Lesotho Promise, which was sold on tender in October 2006 for US$12.4 million, is the 15th largest rough diamond and the Lesotho Brown diamond recovered in 1961 the 16th. Letšeng Diamonds also produced a 215 carat D-colour flawless diamond in January 2007, which subsequently sold on tender for US$8.3 million.

The Letšeng Mine hosts two kimberlites; the Main and Satellite Pipes that [continue reading]

source: SW Radio Africa
By Henry Makiwa
13 September 2007

Zimbabwe’s ports of entry have been thrust into a crisis after the Zimbabwe Revenue Authority (ZIMRA) workers went on strike to press for a 5 700 percent salary increase.

Thousands of travellers and truck drivers were stranded at the country’s border posts Wednesday and Thursday. This followed the nationwide strike by the workforce of the parastatal who is responsible for organising government funds from the country’s corporate companies, through taxes. The revenue authority also collects duties and taxes on imported goods at border posts.

The industrial action reportedly started at the Beitbridge border post, at midnight Tuesday before spreading to Chirundu, Nyamapanda and other borders. The development has caused serious problems among travellers seeking to clear their goods. The Beitbridge post, bordering Zimbabwe and South Africa, clears many vehicles and goods daily.

At Plumtree Border Post, business was reportedly at a virtual standstill while long queues were the order of the day at Forbes border post in Mutare. Traders importing food and other basic commodities that are scarce on the parched Zimbabwean market dominate most of [continue reading]