Archive for April 3rd, 2008

source: Mmegi

WANETSHA MOSINYI
STAFF WRITER

In its quest to attain national economic diversification, the Botswana Development Corporation’s (BDC) investment portfolio on commercial and industrial development grew to P1.32 billion in 2007 from P1.2 billion in 2006.

Some of the latest projects under implementation in the current financial year include expansions of a tile manufacturing entity and a can manufacturing company, both located in Lobatse.

These investments are worth P108 million and P76 million respectively, BDC Managing Director Kenneth Matambo said this on Monday at a dinner the corporation hosted to bid farewell to outgoing President Festus Mogae.

The Corporation is also involved with some foreign investors in a float glass manufacturing business worth P539 million to be located in Palapye.

Raw materials for glass manufacture like silica sand, quartz, quartzite, limestone and soda ash are available in abundance in Botswana. The glass plant in Palapye has [continue reading]

source: ZimOnline
by Patricia Mpofu Wednesday 02 April 2008

HARARE – Zimbabwe’s main opposition has edged past the ruling ZANU PF party accumulating 96 seats, three more than the 93 held by President Robert Mugabe’s party according to the latest results.

A smaller opposition faction has picked up nine seats and an independent candidate has won a seat to bring the total number of seats in opposition hands to 106 – a figure ZANU PF cannot overturn even if it wins all the outstanding seven seats.

Zimbabwe’s House of Assembly has 210 seats, all elective. 206 seats were up for grabs after ZANU PF won one seat uncontested and elections for three other seats had to be postponed following the death of opposition candidates.

There was no immediate comment on the latest results from Mugabe [continue reading]

source: Mmegi

GIDEON NKALA
STAFF WRITER

Member of Parliament for Mahalapye West, Mompati Merafhe has been duly elected Vice President but he will not become President when Khama leaves at the end of his term. When addressing the BDP caucus shortly after he was inaugurated as the fourth President of the Republic of Botswana, President Ian Khama informed caucus that he has chosen Merafhe to be his deputy for a few years, the BDP MPs told Mmegi yesterday.

“He made it clear that by the end of his term, he would have been served by two vice presidents, with Merafhe being one, and the other one would eventually succeed him as President in April 2018,” a BDP MP said.

Several BDP MPs who attended the [continue reading]

source: BBC News

Zimbabwe could be heading for a presidential run-off within three weeks, according to the state-owned Herald newspaper.

The first official indication of the result of Saturday’s election says that neither President Robert Mugabe nor his main challenger gained 50% of the vote.

Opposition leader Morgan Tsvangirai says he won the poll but denies discussing Mr Mugabe’s departure.

Election officials say the verification of presidential results has begun.

They say that the votes are being verified and [continue reading]

source: Mmegi

The Botswana National Productivity Centre (BNPC) has embraced viable initiatives tailored to foster increased and improved service provision in the tourism sector.

This effort is being achieved through the engagement of business leaders in the sector to address hurdles impeding productivity. A BNPC Tourism Sector breakfast seminar held last week recommended that a standing committee or networking seminar be revived and that a united product development strategy be instituted. The seminar also noted that an enabling environment with good road networks and reliable telephone lines is paramount to ensuring that business thrives and that partnerships among stakeholders from both the public and [continue reading]

source: News24
02/04/2008 16:34 – (SA)

Johannesburg – South Africa’s power crisis may last many years unless there is a sustained drop in electricity demand in Africa’s largest economy, state power utility Eskom said on Wednesday.

The warning came as Eskom, which produces about 95% of the nation’s electricity, resumed a wave of planned power cuts and South Africans grew increasingly impatient with an energy crunch that has shaken industry and investor confidence.

In a press conference in Johannesburg, Eskom CEO Jacob Maroga downplayed hopes the utility could ramp up its electricity reserves quickly and said reducing consumption was the only quick fix.

“If we only rely on supply (increases), the numbers are not looking good for many years,” Maroga said.

While expressing Eskom’s satisfaction with industry’s response to the crisis so far, Maroga said the utility would also “welcome” delays in [continue reading]

source: Mmegi

GIDEON NKALA
STAFF WRITER

President Ian Khama has appointed his new cabinet and fired five ministers he inherited from his predecessor Festus Mogae. Three full ministers and two junior ministers have been dropped in one fell swoop while others have been shuffled around in a major rearrangement of cabinet.

Two women ministers have been dropped from Khama’s cabinet, Professor Shiela Tlou who is just smarting from back to back defeat from the BDP primaries in Palapye has been sent packing as Health Minister and in her place comes Lesego Motsumi. Motsumi has done a stint at the Ministry of Health after Joy Phumaphi left to join the World Health Organisation. Another big gun to be bundled out of cabinet is Charles Tibone who until yesterday was Minister of Labour and Home Affairs. Tibone has been replaced by Peter Siele who has been an [continue reading]

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source: Mmegi

TSHIRELETSO MOTLOGELWA
STAFF WRITER

New President Ian Khama was inaugurated in a procession characterised by excitement and glitches yesterday morning.

Early in the pleasantly cloudy morning, a curious crowd gathered and waited for the arrival of the VIPs. By 7am, security had secured the Parliament Building area spanning Parliament Adjunct, Ntlo Ya Dikgosi Building and the parliamentary gardens.

Right in front of Parliament Building was the arena where the inauguration would take place. Chairs decorated in national colours and a red carpet was laid leading up to the inauguration podium under a small marquee structure, facing eastwards. On the steps of the Parliament was the VIP section on which the Khama family including the new president’s brothers Tshekedi and Anthony, his sister Jacqueline, former presidents Festus Mogae and Sir Ketumile Masire and other dignitaries sat. The media cameramen and [continue reading]