Archive for December 6th, 2008

source: IRIN

GABORONE, 5 December 2008 (IRIN) – Botswana will close its embassy in the Zimbabwean capital, Harare, within the next few weeks a senior diplomat told IRIN.

It was unclear whether Botswana’s decision to close its diplomatic mission in Harare would also lead to the severing of diplomatic ties with President Robert Mugabe’s government, but the decision comes a few weeks after the country’s foreign minister called on the region to isolate Zimbabwe.

Botswana’s foreign minister, Phandu Skelemani, said in a recent interview that if neighbouring countries closed their borders with the [continue reading]

please note:
Mmegi, 3 December 2008, Botswana denies closing Zimbabwe embassy
The Zimbabwe Times, 1 December 2008, Botswana closing embassy in Harare

source: Mmegi

FNBB Cell-phone Banking recorded another milestone in the channel’s history by breaking through the one million pula cell-phone prepaid sales mark.

“Prepaid airtime still remains the leading driver of transaction volumes on the Cell-phone Banking channel, accounting for more than 80 percent of transactions recorded monthly,” says Yolisa Phillips-Lejowa, Head of Electronic Banking. Prepaid purchases, in particular, remain the most popular on the Cell phone Banking channel, she added. More than P1 million worth of prepaid services were purchased on FNBB’s Cell-phone Banking channel during the month of September.

Danny Zandamela, CEO of FNBB said the channel’s latest success figures are attributable to its ability to constantly improve accessibility and increase the variety of service offerings to its customers, ensuring relevance and convenience at all times. Research has shown that [continue reading]

source: Business Day
Posted to the web on: 05 December 2008
Siseko Njobeni
Energy Affairs Editor

CIC Energy has turned to development finance institutions, export credit agencies and banks for the financing of its Mmamabula energy project in Botswana, the company said yesterday.

CIC and Eskom are expected to conclude a power purchase agreement in a few months’ time, allowing Eskom to import electricity from the project to meet SA’s electricity needs. The project would be connected to SA and Botswana’s grids.

CIC president Gregory Kinross said yesterday that negotiations for power purchase agreements with Eskom and the Botswana Power Corporation were at an advanced stage.

But he would not disclose the tariffs that [continue reading]

source: Mmegi

IMARA Holdings, the financial services firm listed in Botswana and with interests in SA, yesterday released interim results to October which showed the firm had grown revenue but was hit by higher expenses and market turmoil, resulting in a 13,7 percent decline in earnings per share.

The group said that in SA, its stockbroking division’s results were ahead of budget but the corporate finance and asset management units had been adversely affected by ” world events”.

It said performance fees from asset management operations could materially affect the group in the full-year figures.

“However, in current conditions, it would be imprudent to anticipate any performance fee contribution in the current year from our flagship fund, the Imara Africa Opportunities Fund. The Imara Zimbabwe Fund remains something of a wild card and could generate meaningful performance fees if there is a timely resolution of [continue reading]

source: SW Radio Africa
By Alex Bell
05 December 2008

Calls for Robert Mugabe to be removed from his brutal position of power are beginning to grow, shortly after Kenya’s Prime Minister on Thursday said it was time for African governments to unite to oust the dictator.

After a meeting with MDC leader Morgan Tsvangirai, Prime Minister Odinga on Thursday said that power-sharing in Zimbabwe is ‘dead’ and “will not work with a dictator who does not really believe in power-sharing.” Odinga told the BBC that if Mugabe were totally isolated, he would have no choice but to quit as President.

“Therefore it’s time for African governments to take decisive action to push him out of power,” said Odinga.

On Thursday South African Archbishop Desmond Tutu said that Mugabe must step down or be removed by force, saying that Mugabe has destroyed Zimbabwe, turning what used to be Africa’s bread basket into a ‘basket case’.

“I think now that the world must say: ‘You have been responsible with your cohorts for gross violations, and you are going to face indictment in The Hague unless you step down’,” the Nobel laureate told [continue reading]

source: International Herald Tribune
The Associated Press
Published: December 5, 2008

COPENHAGEN, Denmark: Secretary of State Condoleezza Rice said Friday that it is “well past time” for Zimbabwe’s President Robert Mugabe to leave office, as shown by the nation’s calamitous cholera epidemic and health care crisis.

Rice said the country experienced “a sham election,” followed by a sham sharing of power. Speaking in the Danish capital Friday, she said the current outbreak of cholera in the country should be a sign that it is time to stand up to Mugabe.

“If this is not evidence to the international community to stand up for what is right, I don’t know what would be. And frankly the nations of the region have to do it,” she said.

The nations in southern Africa have the most to lose and need to take the lead, she said.

Zimbabwe declared a national emergency over a cholera epidemic and the collapse of its health care system, and state media reported Thursday the government is [continue reading]