Archive for June 19th, 2009

source: The Botswana Gazette
Written by JFG
Wednesday, 17 June 2009 07:33

Analysts have warned that the latest fuel price hike could reverse the downward trend of inflation. Last week the Ministry of Minerals, Energy and Water Resources announced an increase in the price of fuel, a move which Motswedi Securities analyst says could have an effect on inflation.
The retail price for petrol went up by 56 thebe per litre, diesel by 55 thebe per litre while paraffin was increased by 18 thebe per litre. The rise in pump prices follows the increase in crude oil prices which are currently trading at just over US$70 per barrel.

Garry Juma said the increase in fuel pump prices is expected to reverse the downward inflation trend. He explained that inflation may continue to fall in the short term but if fuel prices continue on an upward trend there may be more inflationary pressure which could push inflation even higher. “We expect to see a fall in inflation which [continue reading]

source: IOL
June 18 2009 at 02:12PM

South Africa has identified the first case of the H1N1 flu virus in the country, the Department of Health said on Thursday.

The patient, a 12-year-old who flew in from the United States on Sunday, was admitted to hospital on Monday and was kept in isolation.

He was discharged and is recovering in isolation at home, the department said in a statement.

“A diagnosis of the [continue reading]

source: Mmegi

FRANCISTOWN: Although no official assessment has been carried, it is feared that the recent downpours have wrought havoc on crops in the fields. This could have disastrous consequences for the country’s efforts to increase food production through the Integrated Support Programme for Arable Agriculture Development Programme (ISPAAD).

In its effort to shore up farmers, government went to the extent of procuring tractors to be used by farmers, and in some instances, hired tractors to plough for those farmers who could not be assisted with government purchased tractors.

The acting district agricultural Officer in Letlhakane, Lucky Ramongalo says although they have not gone to the fields to assess the damage, most people in his area of jurisdiction had not yet finished harvesting.

“The possibility that there could be damage in [continue reading]

source: The Botswana Gazette
Written by JFG
Tuesday, 16 June 2009 10:38

Khama pardons him

Former Botswana Democratic Party (BDP) youth leader, Mr. Kefentse Mzwinila, is back with the party after his three-year suspension by the disciplinary committee was cut short last week.
President Lt Gen Ian Khama has pardoned the former Mmadinare parliamentary aspirant who was found guilty by the Party’s disciplinary committee of primary election fraud.

The Gazette has learnt that Mzwinila wrote a letter to the party president apologizing for his shortcomings and promised to adhere to the party’s code of conduct. The BDP leader has powers to pardon party members.
Contacted for comment, Mzwinila confirmed that he has been forgiven and will start participating in party activities with immediate effect. He confirmed that he would contest parliamentary elections in 2014. He said he was going to work hard to help the BDP win [continue reading]

source: Mmegi
Staff Writer

FRANCISTOWN: The Minister of Finance and Development Planning, Baledzi Gaolathe, has urged banks to support local development.

The minister said this at the official opening of the Francistown branch of Bank Gaborone on Tuesday.

The latest Bank Gaborone branch, which has been operating since April 24, is the third in the country after two in Gaborone.

Gaolathe said in recent years, financial institutions have tended to focus their efforts on investments with the highest rate of return.

“As a result, in some areas, investment funds have gone out of the country to where high profit was expected,” he said.

In doing so, the minister said, the banks have paid less attention to [continue reading]

source: SW Radio Africa
By Tichaona Sibanda
18 June 2009

The Prime Minister Morgan Tsvangirai was in Brussels, Belgium on Thursday where he re-established contact with the presidium of European Union.

These were the first official talks between the EU and Zimbabwe in seven years. The EU delegation was headed by Javier Solana, the EU foreign policy chief and included several commissioners.

Solana assists the Council in foreign policy matters, and also acts on its behalf in conducting political dialogue with third parties. The EU commissioner for development and humanitarian aid Louis Michel said, after talks with Tsvangirai, that the meeting laid the foundation for a renewed relationship between the European Union and Zimbabwe.

Michel warned however, that clear progress was needed on ‘certain sticking points.’ A number of [continue reading]