Archive for April 4th, 2008

source: Mmegi


The Botswana Stock Exchange is relocating to its newly completed premises at the Fairgrounds Mall in Gaborone South today.

The local bourse is also hosting its inaugural Exchange Traded Funds conference to mark the relocation.

Today’s conference has attracted fund managers, private bankers, investment advisors, brokers, and other capital market practitioners from Botswana and abroad.

“The idea for hosting this conferences is to teach investors on newly developed products as we continue to find products that will bring variety to the market,” said BSE Product Development Manager, Thapelo Tsheole in an interview this week. “We also want to tap into new investors.”

Tsheole said the new and bigger office block would give the BSE ample space for [continue reading]

source: allAfrica
Business Daily (Nairobi)

3 April 2008
Posted to the web 3 April 2008

Allan Odhiambo

Buoyed by improved liquidity triggered by a huge foreign investment inflows, Africa is now fast-tracking plans for a common exchange to trade its listed stocks.

This strategy of market integration means that investors may soon be able to buy and sell shares in all markets across the continent without restriction and that identical securities can be issued and traded at the same price across the markets upon foreign exchange adjustments.

According the Africa Union Commission (AUC) vice- chairman Patrick Mazimhaka, a feasibility study is under way for [continue reading]

source: Mmegi


Lt. General Khama is a former military commander just like his deputy, Lt. General Mompati Merafhe. Environment, Wildlife and Tourism Minister, Kitso Mokaila is a former army captain. Khama’s cousin, Dikgakgamatso Ramadeluka, the new Minister of Justice, Defence and Security left as a brigadier. The ousted Minister of Youth, Sports and Culture, Moeng Pheto held the rank of major general.

Further, the militarisation of Cabinet cascades down to the senior management of the civil service where former army officers have been appointed to some crucial posts. The general manager of the Central Transport Organisation (CTO) is retired Lt. Col. Moakohi Modisenyane.

This week, Khama appointed Isaac Kgosi to head the Directorate on Intelligence and Security. Colonel Duke Masilo has been appointed Deputy Senior Private Secretary to the President and Kitso Mokaila’s older brother, Tefo Mokaila was appointed private secretary at State House.

Mokaila has been appointed to State House wherehis [continue reading]

source: IOL
Staff Reporter
April 03 2008 at 03:36PM

South Africa’s energy crisis is exacerbated by electricity theft, which is also robbing Eskom of revenue.

It was difficult for Eskom to state how much electricity theft was costing it, but non-technical losses – such as billing and metering errors – amounted to R1-billion in the 2006/07 financial year, said Eskom spokesperson Tony Scott on Wednesday.

Of this amount, R16-million was lost through conductor theft – there were 449 known incidents of conductor theft in which 144 kilometres of line was stolen.

“Utilities worldwide are battling with energy losses and Eskom is not immune to that.

‘The problem of electricity theft is big’
“The problem of electricity theft is big, as utilities lose potential revenue and accidents sometimes occur that result in the loss of life,” said Scott.

Electricity theft was under control in some areas, but the problem was escalating in [continue reading]

Khama unveils vision

source: BOPA
02 April, 2008

GABORONE – President Ian Khama has vowed to lift the country to the next level of development, while following in the footsteps of his predecessors.

We cannot stand still – we must improve further on our past gains. With the support of the nation I will do my best to lift Botswana to the next level of development, he said in his inaugural speech, yesterday.

Stating that his style will be different as no two persons are the same, the president said: I am determined to build upon the solid foundation that has already been laid since independence by my predecessors.

His administration, he said, had a clear vision of Botswanas future, adding that achieving that objective would require focus and a single-minded pursuit of goals and objectives.

President Khama identified challenges facing the country as job creation and poverty alleviation, programmes for the youth, health, housing and the fight against crime, among others.

To that end, he said, his administration would be guided by the principles of the four Ds:democracy, development, dignity and discipline.

I am a democrat. I have always believed in democratic ideals, and [continue reading]

source: Zimbabwe Independent
Thursday, 03 April 2008 22:29

PRESIDENT Robert Mugabe is reportedly proposing the formation of a six-month transitional government to manage his exit from power after he lost the presidential race to the MDC’s Morgan Tsvangirai.

Sources said Mugabe made the proposal to avoid a run-off and wanted to lead the transitional government made up of Zanu PF and MDC members and then would relinquish power to the opposition.
The proposal, the sources said, was tabled to the MDC and was one of the many options Mugabe was considering to manage his departure from office after 28 years at the helm.

“Zanu PF tabled the proposal to the MDC this week and the opposition is [continue reading]

source: BOPA
02 April, 2008

SEROWE – The Central District Council has adopted the P9.9 billion proposed District Development Plan Seven (DDP 7), which carries projects anticipated for implementation between 2009-2016.

The full council meeting endorsed the ambitious document though the Ministry of Local Governments plan budget for all the districts stands at P8 billion.

Presenting the proposal at the recent full meeting of the Central District Council, the Principal Economic Planner, Mr Godimo Gareegope said it comprises projected undertakings for the whole district.

Although the districts proposition exceeds that of the ministry by almost P2 billion, Mr Gareegope told BOPA that the council was compelled to present it to the ministry. As it is since it is an open budget without a guide on the ceiling.

Mr Gareegope however said the plan would be revisited with [continue reading]

source: Mmegi

Let me from the outset pay tribute to Rre Mogae as he begins his retirement after years of exemplary service to our nation.

When looking back at his lifelong commitment to national service, it is hardlysurprising to anyone that he eventually ascended to the highest office in the land. Rre Mogae’s achievements and the legacy he will bequeath us are well documented, as indeed outlined in his last State of the Nation Address in November last year. Immense strides in areas such as economic management, gender equality, HIV/AIDS, infrastructure development and social transformation, to mention but a few, have been made under his stewardship of our country. As president, Rre Mogae was recognised locally and abroad for these achievements. He can boast an admirable track record that serves as an example for future leaders of this country and elsewhere in the international community.

*An example of Rre Mogae’s wise leadership is best re-stated by [continue reading]

source: allAfrica
The Namibian (Windhoek)

3 April 2008
Posted to the web 3 April 2008

Tom Minney
Addis Ababa

FORECAST growth for African economies will be an average 6,2 per cent in 2008, according to ‘Economic Report on Africa’ (ERA 2008), an annual joint flagship publication of the United Nations Economic Commission for Africa (ECA) and the African Union (AU).

The report was launched in Addis Ababa yesterday.

According to the report, African economies continued their growth momentum and achieved an overall real GDP growth rate of 5,8 per cent in 2007.

Some 30 countries recorded higher economic growth rates in 2007 than 2006, but growth performance varied substantially across countries and regions.

The report, titled ‘Africa and the Monterrey Consensus: Tracking Performance and Progress’, also notes that economic growth has not yet translated into [continue reading]

source: BOPA
02 April, 2008

GABORONE – The Botswana Tourism Board (BTB) is advocating for the introduction of domestic guesthouses in preparation for the coming 2010 world cup.

Speaking in an interview BTB quality assurance manager Mr Stephen Ramalepa says domestic guesthouses will offer locals an opportunity to use their own residences to generate income.

In a domestic guesthouse, the owner stays in the same house with the guests and offers them accommodation as well as other indoor activities such as catering or the owner can provide space for the guests to prepare food for themselves.

He said this kind of facility is available in many countries, including neighbouring countries. Meanwhile Mr Ramalepa said a recent report on graded tourist accommodation facilities shows that game lodges are doing well, adding that 14 game lodges were graded as five stars.

In addition, he said 11 game lodges and camps in the Okavango Delta, one of the countrys tourist attractions were graded as five star hotels.

He said however, that more improvement has to be done to allow lodges and hotels to meet international standards.

The report also indicates that Botswana has [continue reading]