Archive for April 15th, 2008

source: BOPA
14 April, 2008

PALAPYE – The National Development Bank (NDB) is working around the clock to open a branch in Palapye soon.

The move, according to the financial institution, will boost endeavours to reach new customers in Palapye and its environs.

The office is believed to be strategically placed to provide convenient services to the clients. The NDBs acting Director of Clients Solution, Ms Karabo Musa said the move will increase the operations of the bank to four branches in Botswana.

This new development will increase the spatial operations of the bank to a total of four branches being Gaborone, Francistown, Palapye and Maun.

Ms Musa explained that the Palapye office will focus on the provision of loans to new and existing clients in areas such as commerce, industrial, property purchase and development, agricultural and human development capital known as Nthuta NDB school fees loan and Bonno NDB home loan.

She indicated that NDB maintains its strategic intent of being a customer centric financial institution that offers [continue reading]

source: BOPA
14 April, 2008

SEROWE – Serowe College of Education is undergoing a face lift estimated to cost over P135 million.

The refurbishment, which started on Friday is anticipated to be completed in October.

Mr Emmanuel Dodoo, project manager of China State Construction and Engineering Construction, said other consultants, including civil, structure mechanical, electrical engineers and quantity surveyers would supervise and monitor the projects progress up to completion.

The college principal, Mr Caiphius Dema, said work on the 45-year-old college, included renovation of lecture rooms, hostels and teachers houses, as well as construction of 16 additional staff houses.

The new science and mathematics laboratories are part of the project, as well as the extension of the dining hall that will have additional facilities such as toilets, offices and kitchen for staff.

In addition two soccer fields will be constructed, one for [continue reading]

source: Mmegi

BY MOGOMOTSI MOLOI
CORRESPONDENT

The 2010 FIFA World Cup in South Africa and the African Cup of Nations (AFCON) in Angola represent massive strategic investment and tourism promotion opportunities that the Southern African Development Community (SADC) is likely to have.

This was said by the Programmes Manager of the European Union-SADC Investment Promotion Programme (ESIPP), John Gowen, during a two day-conference titled 2010 For SADC at the Gaborone Sun last week.

The purpose of the conference was to consider how SADC could organise itself to relate to South Africa and Angola, the hosts of these much publicised sporting tournaments.

It was attended by SADC public and private sectors, tourism boards and associations.

The EU-funded ESIPP seeks to [continue reading]

source: SouthAfrica.info

15 April 2008

An estimated 6-7% of all foreign tourist arrivals to South Africa in 2007 were made up of business tourists, translating to about 550 000 business tourists compared to 470 000 in 2006, Tourism Minister Marthinus van Schalkwyk said recently.

Speaking at the Meetings Africa Business Tourism Conference in Johannesburg last month, Van Schalkwyk said this figure was sure to grow even more in the lead-up to the 2010 Fifa World Cup, and that the industry’s vision of doubling this figure in the next three years was “not overly ambitious”.

The estimates are that year-on-year growth in business tourist “bed nights” was around 19% in 2007, following 18% growth in 2006, the minister said.

Business travel – ranging from small meetings and leadership breakaways to major conferences and exhibitions – is a lucrative sector of the market. Business travellers spend on average [continue reading]

source: BOPA
14 April, 2008

GABORONE – The emotional intelligence training that educators are undergoing is to enable them to tackle the socio-psychological challenges that the education system is facing.

Launching the programme in Gaborone, education and skills development minister, Mr Jacob Nkate it was essentially to help improve the quality of education.

Our education system seems to have achieved a great deal with respect to access and infrastructure, however, the quality of education continues to be a challenge.

He said the challenges continued to hammer the good work that educators were doing, thus something needed to be done to help curb the problem.

We needed to do something to leverage the Human Support Services as such a conclusive analysis indicated that an Emotional Intelligence programme was the right tool to [continue reading]

source: Mmegi

BY BUSINESS REPORTER

Analysts at Canada’s Raymond James say African Copper shares on the Toronto Stock Exchange (TSX) are expensive compared to its peers and the share price is expected to continue underperforming.

The company also trades on the Botswana Stock Exchange (BSE) and the London Stock Exchange’s AIM market.

Analyst Tom Meyer argued that based on the fact 2009 will be the first full year of production at African Copper’s fully owned Mowana Mine near Dukwi. The first copper concentrate is expected to be produced in May 2008.

African Copper is considered expensive compared to its peers and judged as set to continue underperforming. Meyer said in a report that African Copper shares traded at a [continue reading]

source: Business News
15-April-08 by Edited announcement

Perth-based gold, nickel and uranium explorer, Impact Minerals has been granted exploration licences covering about 20,000 sq km in eastern Botswana, specifically for the exploration of uranium.

The expansion of Impact’s exploration programme into Botswana is a major strategic addition to its existing projects in Queensland and Western Australia, where Impact currently owns about 40% of the inferred resource of uranium oxide within the Nowthanna uranium deposit.

The full announcement is pasted below:

ASX-listed Impact Minerals Ltd has secured its first overseas expansion in the uranium sector with the granting of a significant exploration licence footprint covering 20,000 sq km in eastern Botswana in the African continent.

The Company’s maiden and [continue reading]

source: BOPA
14 April, 2008

PARLIAMENT – Parliament has adopted a motion calling on the House to express concern and condemn the recent developments in Zimbabwe.

The motion, tabled by opposition BCP MP, Mr Dumelang Saleshando, called on the house to condemn, among others, the delay in releasing election results, the arrest of electoral officers, and the conduct of law enforcement officers who are trying to stop MDC supporters from entering the court.

The motion further requested the release of presidential election results and for SADC and AU to be urged to be proactive and urgently meet the leadership of the major political parties in Zimbabwe to forestall any violence that may erupt and take all necessary measures aimed at ensuring that the will of the people of Zimbabwe is respected.

Tabling the motion, Mr Saleshando said Botswana must make its voice heard on the situation without having to wait for the situation to deteriorate.

The MP said Botswana must teach its neighbours in the region that leadership is not a right.

He said a burning Zimbabwe will generate fumes that will [continue reading]

source: Mmegi

South African President Thabo Mbeki has called for patience over unreleased poll results in Zimbabwe, after talks with its president, Robert Mugabe.

The two men met after Mugabe said he would not attend a regional summit in Zambia aimed at ending deadlock over presidential elections two weeks ago.

Opposition leader, Morgan Tsvangirai, says he won the vote, and hoped leaders will pressure Mugabe to step down.

Despite growing tensions, Mbeki said there was “no crisis” in Zimbabwe. Correspondents say the SADC talks can achieve little without Mugabe attending, which is why South African leader Thabo Mbeki stopped in Harare first.

Thabo Mbeki arrived in Harare to meet Mugabe hours after Zimbabwe’s state media reported Mugabe would not travel to [continue reading]

source: SW Radio Africa

By Lance Guma
14 April 2008

The High Court on Monday dismissed an MDC application demanding the release of presidential election results by the Zimbabwe Electoral Commission. Sixteen days after the March 29 poll, Robert Mugabe’s regime continues to block announcement of the results, which independent electoral groups say show Morgan Tsvangirai beating Mugabe. Although there has been some debate around Tsvangirai’s winning percentage, Mugabe’s reluctance to have the results published has been taken to mean Tsvangirai won clearly, without the need for run-off.

The opposition had pinned their hopes on Monday’s court case breaking the impasse, but political pressure on the judiciary seems to have won the day for Zanu PF. ZEC lawyer George Chikumbire warned last week it would be ‘dangerous’ for the court to order his clients to release the results because ‘it might not be complied with’ and that there were ‘outside exigencies which the party (ZEC) will be unable to control.’ Justice Tendai Uchena dismissed the case on Monday saying ZEC has got powers under the Electoral Act to order a recount and [continue reading]

source: Sunday Standard
by Sunday Standard Reporter
13.04.2008 7:11:49 P

The charging tigers of the modern economy, private equity funds, have pounced on Med Rescue International Botswana (MRIB), on Friday leaving the field play to be leveled sometime this week.

Venture Partner Botswana, Botswana Insurance Fund Management’s private equity fund, worked along side with BOMAID to a fresh stake of MRIB in a bid to remain the biggest stakeholders in the company.

At the time of going to press, the three suitors were engaged in a meeting which was aimed at stitching the deal that is supposedly expected to result in the signing of a multi-million pula cheque write off one of the key shareholders, notably SOS, from the books of the company.

Bifm and BOMAID are some of the longest standing shareholder of the [continue reading]

source: IOL
April 14 2008 at 08:26PM

Talks on a deal to open up world trade entered a critical week on Monday with negotiators at the World Trade Organisation (WTO) hoping to prepare the ground for a proposed meeting of ministers in May.

With key food exporters and importers reaching a deal on how to deal with politically sensitive farm products, the way is now open for the talks to move ahead on topics like industrial goods and services, even with many big areas of disagreement ahead.

“The progress that’s been made in the last several months is quite considerable and it does seem there’s momentum behind the process,” WTO spokesperson Keith Rockwell told Reuters.

The WTO’s Doha round, launched in November 2001, has lurched from missed deadline to [continue reading]

source: allAfrica
UN Integrated Regional Information Networks

14 April 2008
Posted to the web 14 April 2008

Harare

Zimbabwe’s civil society and the opposition party, Movement for Democratic Change (MDC), have expressed disappointment over the outcome of the much vaunted crisis summit held by the Southern African Development Community (SADC).

Zambian president and SADC chair Levy Mwanawasa called the extraordinary meeting of the regional body in the Zambian capital, Lusaka, to discuss mounting tensions after the result of Zimbabwe’s presidential poll had yet to be announced more than two weeks after the election.

The MDC claim that their leader, Morgan Tsvangirai, defeated President Robert Mugabe, who has ruled Zimbabwe since independence in 1980. Tsvangirai and a third presidential candidate, Simba Makoni, attended the crisis meeting in Lusaka but Mugabe opted out and [continue reading]