Archive for November 18th, 2007

source: Sunday Standard
by Sunday Standard Reporter
18.11.2007 4:02:18 P

The Botswana Building Society (BBS), the titanic mortgage-lending bank, is to issue P 75 million bond in the coming months in a bid to match–up the rising appetite in the market, especially in the home-ownership bracket.

By Friday, the details of the bond were still kept under wraps; however, the organization confirmed that the initiative “is in the pipe-line”. Top management and their consultants were understood to be still courting potential investors and it was said to be closer to be concluded.
“I can confirm that we are in the process of issuing P 75 million bond largely because we are facing an upsurge in mortgage applications,” spokesperson for the bank, Sipho Sowa, said.

The latest bond initiative is the third in the history of [continue reading]

source: SABC News
November 17, 2007, 16:45

Africa’s insistence that Robert Mugabe be invited to a summit in Europe is a matter of principle and not a sign of support for the Zimbabwean leader or his government, the chairman of the African Union (AU) said yesterday.

The prospect that Mugabe, widely accused in the West of abusing human rights and suppressing political opposition, could attend a European Union-AU summit in Lisbon next month has threatened to derail the meeting.

British Prime Minister Gordon Brown has said he will boycott the summit, the first to be held since 2000, if the 83-year-old Mugabe is invited. The 53-member AU, however, has held firm in its demand that Mugabe be allowed to attend.

“It’s a matter of principle,” AU chairperson Alpha Oumar Konare told reporters at [continue reading]