Archive for May 15th, 2008

source: Mmegi
Staff Writer

Women interested in starting a business have been advised to get continuous mentoring from people who know more than they do.

Local Enterprise Authority (LEA) training and mentoring anager Chedza Marobela told a gathering of women at a leadership conference held over the weekend in Gaborone to get expert guidance and acquire the right skills. She urged them to visit the relevant offices for advice. She said LEA would assist with the business plan but that one would have to do it and own it. “Do your own research and think through the business idea and then register the company,” she said.

Marobela said that one has to also think about project funding, whether through a loan, by debt financing or use of own resources.

She urged women to think outside the box.

Marobela said that successful entrepreneurs are [continue reading]

source: BOPA
13 May, 2008

GABORONE- Diversification of the economy can be more successful if women are empowered to start their own enterprises, says CEDA deputy chief executive officer, Ms Lorato Morapedi.

Speaking at a workshop aimed at empowering women, Ms Morapedi said CEDA is looking forward to assist women and other entrepreneurs.

She said it was pleasing to see women seek financial assistance to start their own businesses. However, she said it was important for them to know what is expected when applying for loans at CEDA. She said they received a lot of loan applications and most of them were rejected for various reasons.

Ms Morapedi urged women to understand what their business plans entail, rather than relying on consultants. Some women, she said, engage consultants to make business plans for them and then submit them to the financiers.

She cautioned that some consultants do not do a good job hence the loan application will be turned down. Ms Morapedi therefore encouraged women as business owners to [continue reading]

source: Mmegi

Durban, South Africa – Botswana’s Tourism has received three prizes at the on-going INDABA.

The prizes, Best Wildlife Reserve in Africa, Best Ecologically Sound Operation and runner-up to the Best Safari Guiding Team in Africa were presented at a ceremony hosted by the Good Safari Guide, an independent directory of the top safari lodges, hotels and camps in Africa and member of the African Travel and Tourism Association (ATTA).

ATTA is a network of over 360 members representing travel and tourism buyers and suppliers throughout Africa with headquarters in London. The association creates a platform for buyers and suppliers to interact at networking events, trade shows, crisis management and tourism seminars through its links with the media.

The awards honour the best in the safari industry. Nominations in [continue reading]

source: SW Radio Africa
By Tichaona Sibanda
14 May 2008

The regime in Harare announced on Wednesday the country’s presidential election run-off would now take place between within 90 days from the day the results were announced on May 2.

The second round poll, scheduled to have been held on the 23rd May, 21 days after the announcement of the results have been delayed and will now take place within 90 days from May 2.

In a special government notices gazette published on Wednesday, Justice Minister Patrick Chinamasa said: ‘Not withstanding Section 110 of the Electoral Act, the period within which a second election for the office of the president is hereby extended from 21 days to 90 days from the date of announcement of results of the first poll.’

Most likely, the election will now be held on the first weekend of August, which [continue reading]

source: Mmegi

Botswana Export Development and Investment Authority (BEDIA) has set itself a target of bringing at least half a billion Pula worth of capital investment annually.

BEDIA chief executive officer (CEO) Dorcas Makgato-Malesu was speaking at a news conference at which she outlined her strategic plan for the country’s investment body last week.

Since its inception nine years ago, BEDIA has brought combined investments and expansions to the tune of P692, 27 million, creating 9,314 jobs. New investments stand at P357, 77 million, creating 6,079 jobs and expansion investment of P334, 5 million that created 3,235 jobs.

Makgato-Malesu, who replaced BEDIA’s founding chief executive officer Mmasekgoa Masire-Mwamba last November, said: “We want to at least attract investment of half a billion Pula every year. This is the target we have set for ourselves.”

She said the total investments brought by her authority after [continue reading]

source: BOPA
13 May, 2008

GABORONE – The government has been urged to be bold enough and let go of businesses that can be best performed by the private sector.

Speaking at the 24th High Level Consultative Council (HLCC) meeting BOCCIM president Mr Modiri Mbaakanyi asked the government to encourage the private sector to be outward looking.

For example, Mr Mbaakanyi said Botswana Development Cooperation (BDC) could be allowed to use its financial muscle to take lead in the direction of development.

In order to prepare for the inevitable challenges, he said BOCCIM had embarked on the preparation of a private sector development, which would assist it to take its place as a member of the presidents team and to be the engine of growth.

The new strategy, he said would also inform BOCCIM of a more effective approach to [continue reading]

source: Mmegi

Only 300, 000 of the expected 900, 000 voters for the 2009 elections have registered. This came to light in a one-day workshop for out of school youth from churches, drama groups and other social organisations held at the Gabane Kgotla last week.

Senior Elections Officer for Molepolole, Potlako Matshaba said for this reason, the Independent Electoral Commission (IEC) will hold supplementary voter registration from August 11.

Matshaba’s colleague, Francinah Moeletsi, had just told the participants about the role of the electorate on politicians’ nominations. She said during primaries, candidates for political office needed an electorate to second them as well as seven other supporters.
They should be 10 in number, be registered for elections, and with valid Omang cards. For councillors, such people must be [continue reading]

source: allAfrica
Business Daily (Nairobi)

14 May 2008
Posted to the web 14 May 2008

Kitsepile Nyathi

Mystery surrounds Zimbabwe’s surprise $700 million loan repayment to the African Development Bank at a time when President Robert Mugabe’s government says it cannot organise a presidential election run-off within the stipulated period because it is broke.

The pan-African bank announced that the country, whose economy is caving in under the weight of economic sanctions imposed by Western countries, reduced its arrears to $250 million following the huge payment.

But the state-run Zimbabwe Electoral Commission (ZEC) says it is waiting for the government to allocate it $60 million before it announces the date for the presidential election run-off between Mr Mugabe and Movement for Democratic Change (MDC) leader, Morgan Tsvangirai.

The announcement, which came ahead of the bank’s meeting in [continue reading]