Archive for July 26th, 2009

source: Mmegi

After storming into the market barely six months ago, electronics firm, Mobility says it is investing P2.5m to open a Sony Centre in Francistown. The ambitious initiative is set to increase employment opportunities for Batswana and facilitate technology availability in the northern part of the country. The company has already opened a Sony Centre in Gaborone.

Mobility says preparations to set-up a centre in Francistown by the end of the year are an advanced stage.

Sony Centre directs sound resources to staff development, a prerequisite to keep up with the ever-changing market needs and technology challenges.

“We have been sending some of our staff to South Africa for training and this is a continuous process to [continue reading]

source: allAfrica
Business Daily (Nairobi)
John Gachiri
24 July 2009

An ambitious $650 million undertaking by Internet giant Google and international bank HSBC will see Internet services extended to nearly three billion people in rural areas across the world.

The two companies hope to launch a 16 satellite systems within the next year that will provide cheap Internet connectivity to users in mostly rural areas.

The venture will be spearheaded by O3b Networks, a joint initiative pairing the two companies with Liberty Global, a US-based cable television operator.

O3b Networks stands for the “other three billion”, a reference to the world’s population that lacks access to the Internet, the bulk of whom live in Africa.

The project’s objective is to extend internet services to users in areas that are [continue reading]

source: The Botswana Gazette
Written by JFG
Wednesday, 22 July 2009 08:17

…and decline in price indices

Although the Botswana Stock Exchange (BSE) grew extremely well in 2008 and made headway in respect of turnover, liquidity, capitalization and improved infrastructure it was affected by the decline in the price indices, the BSE annual report for the past year states.

In the recently published report of the BSE, the Chief Executive Officer (CEO) of BSE, Hiran Mendis has said the decline in the price indices was beyond the control of the exchange and was affected by the correction which commenced in the third quarter of 2007. He said in terms of the performance of the price indices, the correction which commenced in the third quarter of 2007 continued up to the end of Quarter 2 of 2008.

The third quarter of 2008 saw the price indices appreciating only to be checked in quarter four due to the contagion caused by the world economic crisis beginning to [continue reading]

source: Mmegi
Staff Writer

President Ian Khama failed to return to the ruling Botswana Democratic Party (BDP) congress in Kanye on Monday after all his candidates were given a comprehensive thumping by the Kedikilwe-Kwelagobe faction. Khama attended the congress from Friday to Monday morning when he left to attend the President’s Day Celebrations in Gaborone.

He was expected to go back the congress later, after the elections, but he never returned, amidst speculation that he was snubbing the new Central Committee.

However, BDP electoral board chairman Parks Tafa said that Khama did not return to Kanye for security reasons. He explained that it would be unsafe for the President to travel at night to the congress. “Even his car was in Kanye all the time he was away, but he could not come as it was dark when the [continue reading]

source: SW Radio Africa
By Lance Guma
23 July 2009

The country’s largest mobile phone operator, Econet Wireless, is finally launching its commercial 3G service at the end of August. Chief Executive Douglas Mboweni said the service would initially be launched in Harare, before being rolled out to all the major cities by the end of the year. Capacity for the service will initially be limited to 55 000 subscribers.

3G is a short way of saying ‘third generation mobile telephone communications systems technology’ and improves the efficiency of data transferred through cellular phones. This allows increased call volumes and support for multimedia data applications, such as video and photography. 3G allows phones to use more sophisticated and bandwidth intensive applications. The service will also offer high speed wireless internet access for a population accustomed to very slow internet connections.

3G phones normally have conventional voice, fax and data services, as well as high resolution video and multimedia services which can be used on the move. Customers potentially can use services like virtual banking, online bill payments, video conferencing, online news, maps and [continue reading]