Archive for March 21st, 2008

source: BOPA
19 March, 2008

GABORONE – The Botswana International University of Science and Technology (BIUST) will open its doors to students in March 2010.

Speaking in an interview, BIUST project coordinator, Ms Badumetse Hobona explained that they are finalizing the tendering process and construction will commence in June this year.

She mentioned that the university is intended to direct the countrys human resources towards science and technology and produce a skilled and competent workforce that will facilitate technology transfer.

This she noted, will see the university offering courses such as evolutionary genetics, forensic chemistry, human computer interactions, industrial mathematics, applied nuclear physics, insurance and investment fund management.

Ms Hobona highlighted that the opening date was moved from 2009 to accommodate their academic calendar.

Our calendar will be different from that of the University of Botswana as it we will be opening in March, this therefore means that we will be running a year long academic year she quipped.

Furthermore, the project coordinator said that BIUST will be unique in that they will be strong linkages between the [continue reading]

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source: MiningMX
Julie Bain
Posted: Thu, 20 Mar 2008

[miningmx.com] — AFRICAN Diamonds said the AK6 project in Botswana, part of a joint venture with De Beers, should be producing gem quality diamonds by the end of 2009.

The AIM listed company has a 29% stake in the joint venture with De Beers in Botswana which includes three projects at later stages of development, AK6, AK7 and AK9.

“When AK6 starts producing at the end of 2009 it will be one of only 12 operating hard rock diamond mines in the world, it’s a world class mine, with over 80% [of production expected to be] of gem stone quality,” said John Teeling chairman of African Diamonds.

He said the joint venture plans to be producing 1 million [continue reading]

source: BOPA
20 March, 2008

GABORONE – The 7th Annual African Venture Capital Association conference has presented Botswana with a unique opportunity to secure the establishment, management and domiciliation of more Pan-African investment funds.

Officially opening the conference that was hosted by the Botswana International Financial Services Center (IFSC) and Venture Partners Botswana in Gaborone on Monday, the Minister of Trade and Industry, Mr Neo Moroka said the conference would also expose international investors to Botswana.

He described the conference as an important annual gathering where all key players in the Pan-African private equity investment industry converge to discuss topical issues in their sector.

It is my sincere hope that this conference will [continue reading]

source: SouthAfrica.info

20 March 2008

The South African Reserve Bank’s latest quarterly bulletin, released on Wednesday, points to a challenging global economic environment in the aftermath of the turmoil caused by the US sub-prime crisis, as well as South Africa’s ability to withstand the resulting fallout.

In the statement, Reserve Bank Governor Tito Mboweni said that while some growth momentum may be sacrificed as a result, robust activity seems likely to continue in large parts of the world, for instance in China and India, while oil and commodity producers also stood to benefit.

He went on to explain that the crisis in the US centred around bad investments in sub-prime mortgages and a broad range of [continue reading]

source: SW Radio Africa

By Tererai Karimakwenda
20 March, 2008

It appears that the policy of “quiet diplomacy” practiced by South Africa’s President Thabo Mbeki is about to be applied to the regional observer mission deployed to Zimbabwe. South African parliamentarians assigned to the SADC team that will be monitoring Zimbabwe’s elections have been ordered not to issue independent statements.

The instruction came from Ambassador Kingsley Mamabolo, the foreign affairs deputy director-general for Africa, at a media briefing in Pretoria on Wednesday that was attended by the 54-member delegation.
Mamabolo said the delegation was to be guided by the SADC code of conduct and members should “not seek to score cheap political points” by expressing their individual views.

President Mbeki last year gagged negotiators from [continue reading]