Archive for November 14th, 2007

source: BOPA
13 November, 2007

MASUNGA – The launch of Local Enterprise Authority (LEA) has been described as an absolute opportunity for small medium and micro enterprises (SMMEs) as it would help promote and facilitate entrepreneurship.

Speaking at the launch of the Masunga branch, Minister of Labour and Home Affairs, Mr Charles Tibone, said LEA, with a constructive vision, would ensure that aspiring entrepreneurs were accorded business planning, advisory services, international linkage between government and large businesses and access to finance.

Minister Tibone said LEA would only be able to execute its mandate effectively and efficiently if given support from various stakeholders through formulation of partnership.

He said government should provide a favourable environment to ensure the sustainability of SMMEs by removing administrative and regulatory barriers to foreign and domestic investment.

Mr Tibone appealed to stakeholders such as BOBS, BEDIA, CEDA and financial institutions to provide a supportive atmosphere by way of financial support, provision of infrastructure and awarding of tenders.

He urged local authorities to be on the forefront in supporting and promoting SMMEs by buying their goods and [continue reading]

source: ZimNews
author/source:Zim Online (SA)
published:Wed 14-Nov-2007

“Our laws now prevent us from even approaching a court if our property, at the stroke of a pen, is acquired”

By Own Correspondent

Johannebsurg – The Southern African Development Community (SADC) Tribunal will next Tuesday hear a case in which a Zimbabwean farmer wants President Robert Mugabe to stop his policy of seizing white-owned properties. William Michael Campbell, 75, of Mount Carmel Farm is seeking an urgent interim interdict to stop Mugabe from interfering with his farming operations pending a full hearing on the legality of the government’s land seizures. The case, the first to be handled by the SADC Tribunal that was set up in 2000, could have far-reaching consequences for Mugabe who has over the past seven years seized white farmland for redistribution to landless blacks. The controversial farm seizures have resulted in the majority of the about 4 000 white farmers being forcibly ejected from their properties. Only about 400 farmers have retained their farms since the land reforms began in 2000.

The landmark case, described by lawyers as [continue reading]

source: allAfrica
allAfrica.com

14 November 2007
Posted to the web 14 November 2007

Cape Town

Africa’s prospects for economic growth are improving as a result of reforms in macro-economic management and trade policy, as well as better governance, the World Bank reports today.

In a study entitled Africa Development Indicators 2007, the bank says that “something decidedly new is on the horizon in Africa…Many African economies appear to have turned the corner and moved to a path of faster and steadier economic growth.”

Economic performance in the decade until 2005 reversed the “collapses” of the decade ending in 1985, and the “stagnations” of the ensuing 10 years.

“For the first time in three decades,” the report adds, “African economies are growing with the [continue reading]

source: SouthAfrica.info

14 November 2007

South African companies will own half of the private equity funded Seacom undersea fibre-optic cable, which will link southern and eastern Africa with India and Europe, with total African ownership of the cable to reach 75%.

The future of the US$650-million, 15 000km SEA Cable System (Seacom) was previously in doubt when Communications Minister Ivy Matsepe-Casaburri announced that any cable landing in the country would have to be majority owned.

Business Day reports this week that local investment company VenFin is putting in $75-million for a 25% stake in the project, while black economic empowerment companies Shanduka and Convergence Partners are each taking a 12.5% stake worth $37.5-million.

The paper adds that [continue reading]

Cuba vital trade ally

source: BOPA
13 November, 2007

GABORONE – Botswana and Cuba have signed a total of 17 cooperation agreements in areas of scientific and technical, education, health sport and trade during the past 30 years.

Speaking at the 30th anniversary of bilateral relations between Botswana and Cuba, Cubas Ambassador Mr Jorge Tormo said the general consulate was first set up with the mandate to initiate the first steps towards the establishment of a bilateral cooperation, which materialised with the arrival of the first group of doctors and teachers in late eighties.

Successive development of our collaboration in the sectors of education, health and lead to the fact that in the year 2000 the relationship rose with the establishment of the Cuban Embassy in Botswana, he said.

He said his government had been honoured to have received both former President Sir Ketumile Masire and Festus Mogae.

Mr Tormo noted that the Cuban government decided to increase the number of Cuban collaborators in health sector by sending 100 volunteers to Botswana.

It is worth mentioning that in 1989 Cuba and Botswana decided to implement the [continue reading]

source: Mmegi

Following the granting of a new prospecting licence over an area of about 57 km, covering eight kimberlites in the Orapa kimberlite field ,diamond-mining and exploration company Tawana Resources, began drilling the prospect in September, with the aim of establishing the size of the known kimberlites.

Geophysical surveys conducted by Tawana have provided data which indicate that some of the known kimberlites may be larger than reported by previous explorers and that as yet undiscovered kimberlites may exist in the area.

The probable development by De Beers and Aim-listed African Diamonds of a new diamond mine in the Orapa area on the AK6 kimberlite, located 25 km to the south of the Tawana licence, which was originally discovered and evaluated in the [continue reading]

source: Mmegi
BRAIN BENZA
STAFF WRITER

The persistent fall in commercial bank share prices on the Botswana Stock Exchange has dragged down the Domestic Counters Index to a six-month low.

Coming from a mere two percent rise in the third quarter, the domestic index has maintained the downward trend, shedding 6.8 percent so far in the fourth quarter.

Last week, the DCI again shed one percent to close the week at 9104.87 points as big caps Barclays and Stanchart lost 1.1 percent and 3.2 percent respectively.

The three listed banks – Barclays, Stanchart and FNBB – take up the lion’s share of the market capitalisation figures on the domestic board, amassing over P21 billion of the total P35 billion from the 19 counters on the domestic board.

In the first two quarters of the year, the DCI jumped by 26 percent and 23percent respectively, powered by [continue reading]

source: SW Radio Africa
By Tererai Karimakwenda
13 November, 2007

In a tragic incident that occurred last Wednesday night, a gang of poachers armed with AK 47 rifles and dressed in camouflage, shot and killed 3 black rhinos, one of the world’s most endangered species. The slaughtered group included a pregnant female, two weeks away from giving birth. A four-week-old calf was spared.

The black rhinos were part of an important project that hopes to provide a gene pool for this highly threatened species. It is believed the slaughter was meant to intimidate the farm owners into vacating their property, to make way for a top military official who wants the farm.

Black rhinos are normally killed for their horns, but this group had been dehorned to discourage poaching. Johnny Rodrigues, chairman of the Zimbabwe Conservation Task Force, linked the shootings to the ongoing illegal eviction of commercial white farmers. Speaking in his personal capacity he said: “As far as I am concerned it is some greedy officer in the army or air force that actually wants that property and that’s one way of trying to get the people off.”

As we have reported most of the recent evictions of [continue reading]

source: allAfrica
The Voice (Francistown)

13 November 2007
Posted to the web 13 November 2007

Gaborone

Botswana has established a special Botswana Defence Force volunteer unit to help combat rising crime in the country.

Describing crime as an impediment to the wellbeing of Batswana, President Festus Mogae said another crime fighting measure was the deployment of additional Botswana Police special constables in various parts of the country.

Delivering his last state of-the-nation address Monday, Mr Mogae spoke of government’s determination to bring down the rate of crime by enlisting public support, strengthening legislation and the capacity of law enforcement agencies.

Other measures include the establishment of the air wing for the Police Service as well as re-enforcing intelligence operations.

President Mogae said the safety and security of all residents and their property, along with the securing of borders were central to crime prevention strategies.

“Our law enforcement agencies, the Botswana Police, Directorate on Corruption and Economic Crime (DCEC), Local Police and others, work collaboratively to [continue reading]

source: IOL
November 13 2007 at 07:33PM

The Development Bank of South Africa (DBSA) has completed 186 infrastructure-related projects at municipalities countrywide out of a total of 1,345 since May 2006, the Johannesburg Press Club heard on Tuesday.

It had connected 24 000 households to running water, out of a targeted 150 000, and a further 132 000 households – out of 115 000 planned – to sanitation, said chief executive of the DBSA’s Development Fund, Paul Kibuuka.

“The co-operation has been very good from the municipalities and the results attest to the relationships that we have had,” he said.

By the end of the bank’s financial year in March, the DBSA had made R1,7-billion in grants available for [continue reading]

source: Mmegi
ONALENNA MODIKWA
STAFF WRITER

PALAPYE: The village of Palapye has surpassed other villages with developments and modernity.

The village now qualifies it to be a town. It is not just a centre through which one accesses other areas but it also plays a pivotal role as a service centre for surrounding smaller villages, especially those in Tswapong.

Shops, commercial banks, government offices and transport to other areas in the country are found in Palapye.

This has turned the village into a hub for diverse tribes of different languages. Though it is historically Ngwato, the most popular languages are Kalanga and se-Tswapong with many cooked up stories showing how they reacted upon seeing a train or a burger for the very first time in Palapye.

It used to possess the old railway house structures and station that were visible on the left on the way to Boseja ward.

The train horns in the morning and evening, and the unusual sounds of locomotives ferrying goods to other areas used to be one of the interesting features for the newcomer to Palapye.

It was just a dream for everyone to see [continue reading]

source: allAfrica
The Voice (Francistown)

13 November 2007
Posted to the web 13 November 2007

The Botswana Tourism Board will attend the annual World Travel Market (WTM) 2007 in London.

The WTM is scheduled from the 12th to the 15th November 2007, with a view to enhance awareness on Botswana tourism products and packages and thereby improve opportunities for increasing inbound tourist growth from Botswana’s major generating markets.

The fair is the second largest international travel show after the International tourism Borse (ITB) held annually in Berlin, Germany. It provides a major platform to promote the country’s tourism industry and raise awareness on its tourist destinations in the global market place.

According to a statement from BTB, the fair has said that WTM also provides opportunities for local [continue reading]

source: IOL
November 14 2007 at 12:04AM

Hitachi and Alstom have been awarded the R20-billion boiler and the R13-billion turbine contracts, respectively, for Eskom’s Medupi power station at Lephalale in Limpopo, Eskom said on Tuesday.

“Medupi will be the biggest dry-cooled power station in the world,” said Brian Dames, managing director of Eskom’s Enterprises Division.

“The supercritical design, a first for Eskom, with its higher efficiency, will result in better utilisation of both water and coal resources and improved environmental performance.”

The first unit is scheduled for completion in late 2011-early 2012 with the entire station completed by 2015.

Dames said the signing of these two contracts marked a significant milestone in its capacity expansion programme.

“We are proud that South African suppliers will benefit and develop their [continue reading]