Archive for February 29th, 2008

source: Mmegi

WANETSHA MOSINYI
STAFF WRITER

Buoyed by several industries enjoying robust growth, Botswana’s economy is expected to grow considerably in 2008, an analyst at Investec Asset Management company has said.

Investec Fund Manager Bakang Seretse says the mining, retail, construction and banking sectors have been experiencing boom times lately, a trend likely to continue in 2008.

“Mining, in particular, is thriving, with the DTC facility expected to open soon,” Seretse says. “Construction of the Tati Mine Activox refinery and the beginning of Diamonex operations in Lerala are other factors.”

Giving a market preview for 2008 in his company’s quarterly newsletter, Benchmarking Botswana, Seretse says there are three buoys to attract investor spending this year – strong consumer spending, increased household (27.7 percent) and business credit (28 percent) and [continue reading]

source: The Voice
By Puso Kedidimetse

GABORONE – President Festus Mogae has praised US Peace Corps volunteers for contributing to excellent outcomes in the Prevention of Mother to Child Transmission programmes and for helping to pilot the Life Skills curriculum roll-out.

Speaking at the occasion to mark the ‘close of service workshop’ in preparation for their departure in May and June, he said; “These volunteers worked directly with district HIV/AIDS coordinators to build capacity in the implementation as well as in the mobilisation of community led responses.” The US Peace Corps volunteers have since 2003, contributed significantly in the process of identifying appropriate and effective programming areas that focus on HIV/AIDS, said President Mogae.

For her part, Peace Corps Country Director, Ms Peggy McClure, said the idea of peace corps re-establishing its programme came about through a request from President Mogae to US President George Bush in 2001 and was directly related to [continue reading]

source: Mmegi

LEKOPANYE MOOKETSI
CORRESPONDENT

At a meeting in Gaborone last week, SADC energy ministers have registered their recognition of high electricity demand which outstrips supply.

Among factors leading to this situation are positive economic growth, which averaged about five percent in most of SADC member states and rural electrification projects in others.

According to a communique from the SADC secretariat, the ministers noted the current status of power supply within the region, which has installed capacity of 54,742 MW of which only 46,391 MW is available.

The statement says although a new generation amounting to 1,810 MW was commissioned in the region last year, the reserve margin is still deficit against a required reserve margin of 10 percent.

The situation will continue until 2013 when all [continue reading]

source: allAfrica
allAfrica.com

28 February 2008
Posted to the web 28 February 2008

John Allen
Cape Town

French President Nicolas Sarkozy has announced in the South African parliament that France will overhaul and publish full details of all its military agreements with African countries.

Previewing the announcement in a news conference with President Thabo Mbeki of South Africa, Sarkozy proclaimed it as “a major turning point” in the history of France’s relations with Africa. Mbeki welcomed the move, suggesting it was “part of the completion of the decolonization process.”

Sarkozy is on a two-day state visit to Cape Town, during which France has signed a range of bilateral cooperation agreements with South Africa. One initiative will bring French and South African armed forces together to help the Central African Republic reform its security forces.

Addressing a joint sitting of South Africa’s houses of parliament, Sarkozy said French defence agreements with Africa – which go back 60 years – “must reflect Africa as it is today and not as it was yesterday… I am not saying that the existing agreements should necessarily be [continue reading]