Archive for May 1st, 2008

source: eTN
Apr 30, 2008

Botswana will on May 5 name the preferred bidder for a contract to manage state-owned Air Botswana for three years, said Tyrrell Duncan, an adviser to the Transport Ministry.

Four of six short-listed companies submitted proposals to the ministry by the April 8 deadline, Duncan said in an interview today from the capital, Gaborone. The companies are Johannesburg-based African Airline Management CC, International Development Ireland, and ComAir Ltd. and Solenta Aviation Ltd., both of South Africa.

Air France Consulting, a unit of Air France-KLM, and Lufthansa Consulting, a subsidiary of Deutsche Lufthansa AG, didn’t submit proposals, Duncan said.

Air Botswana flies four [continue reading]

source: Mmegi
STAFF WRITER

Anthony Siwawa, the managing director of VPB – a local private equity and venture capital firm – has been appointed to the African Venture Capital Association (AVCA) board.

In a statement yesterday, the company said Siwawa was nominated during the AVCA AGM. The move came after the association’s conference co-hosted by VPB and the IFSC in Gaborone recently. Siwawa was nominated and appointed to the AVCA board with five other candidates. “This reflects VPB’s respected status in the African private equity space as an able and qualified fund manager,” the statement said.

The appointment will afford Botswana a voice and a sphere of influence in the organisation and in the private equity field on the continent. “We hope this move will encourage other private equity practitioners in Botswana and neighbouring countries to make use of bodies like AVCA, and reap the benefits thereof. There are many advantages [continue reading]

source: allAfrica
Commonwealth News and Information Service (London)
30 April 2008
Posted to the web 30 April 2008

The proposed trade zone is in line with Botswana’s National Development Plan of Action, which aims to generate more employment, stimulate local business development, and contribute to poverty alleviation and sustainable development

The Commonwealth Secretariat is providing technical assistance to help set up a modern free economic trade zone in a bid to diversify Botswana’s economy.

It is anticipated that establishment of the Free Zone (FZ)/Special Economic Zone (SEZ) will help attract more investment into the country, and reduce Botswana’s economic dependence on its mining sector, notably diamonds.

FZs/SEZs are designated areas within a country where barriers to trade including tariffs as well as bureaucratic requirements are eliminated or minimized in the hope of attracting new business and foreign investment.

Since independence in 1966, and most notably up to 1998, Botswana has had the [continue reading]

source: Mmegi
KABO MOKGOABONE
Staff Writer

The Botswana Stock Exchange (BSE) will introduce the Central Securities Depository System (CSD) next month.

The move is meant to achieve the objectives of the Committee of the SADC Stock Exchange (COSSE) to harmonise regional stock market trading. The CSD forms part of the road map by Hiran Mendis, the Sri Lankan who was roped in by government to help put the BSE on the world map after the departure of Dr Tebogo Matome in 2006 as chief executive officer.

BSE market development manager, Lame Masire said the project, which cost government P5 million will be operational by May 22. The CSD was first demonstrated in 2006 to stakeholders who included brokers and journalists by BSE commissioned consultants CDS Co. of Mauritius and Millennium IT of Sri Lanka, who later won the tender to install the system.

It is believed the system will increase liquidity at [continue reading]

source: The Star
30 April 2008, 10:01

Barclays Bank has been accused of providing “personal banking services” for up to four members of Robert Mugabe’s regime, London’s Daily Telegraph reported on Wednesday.

The four members of the Mugabe government are said to have benefited from the controversial land-grabs from white farmers in Zimbabwe, the newspaper said.

According to the Liberal Democrats, the alleged support was against the spirit of European Union sanctions, which specifically target leading members of [continue reading]

source: allAfrica
The Voice (Francistown)

29 April 2008
Posted to the web 29 April 2008

Baleseng Batlotleng
Francistown

Botswana and China have signed a number of economic and social agreements which signify growing relationships between the two countries.

Vice Mayor of Tai’an City in Shendon Province in China, Mr Lin Huayon, who is heading a Chinese delegation on a two-day official visit to Francistown said China is open and friendly to developing countries in Africa.

Speaking at a courtesy call to the City of Francistown Mayor Mr Buti Billy, the head of the delegation Mr Huayon said due to increased economic integration which was propelled by increased trade and investment people should be seen to be working and living together in a global village.

“It is our pleasure to be experiencing this borderless relationship with Botswana as Chinese people,” said.

He said sharing of goods, services, cultures and [continue reading]

source: News24
29/04/2008 10:02 – (SA)

Johannesburg – Fixed line telephone operator Telkom has introduced a second area code for the Johannesburg area which will operate alongside the existing 011 code.

“Following an announcement of a move to a mandatory 10-digit dialling, Telkom has recently been allocated, by ICASA, the first batch of numbers in the 010 area code for use within the same geographic boundary as the existing 011 code,” Telkom said in a statement on Tuesday.

It added that the move to 10-digit dialling in October 2006 had made it possible to seamlessly introduce a second area code in the greater Johannesburg area without any inconvenience to existing customers.

Sensitising the public to the changes, Marius Mostert, Telkom’s Group Executive for Network Infrastructure Provisioning, said: “The introduction of the 010 area code has been [continue reading]