Archive for December 18th, 2009
Annual inflation for November came down to within the Bank of Botswana 3-6 percent objective on lower food and non-alcoholic beverages prices, the Central Statistics Office reported yesterday.
In a statement, the CSO said that the year-on-year inflation rate fell from 6.9 percent in October to five percent, largely due to lower food prices and a higher base in November 2008. Inflation in November last year shot up sharply to 15 percent due to the government-imposed alcohol levy and adjusted transport prices. However, as food and prices stabilise, inflation has fallen from the highs of last year, prompting the Bank of Botswana to cut the Bank Rate by 450 basis points since November 2008. The CSO says that in November 2009, the national Consumer Price Index (CPI) was 130.7, an increase of 0.3 percent on the October level of 130.4.
The towns and cities’ index increased by 0.2 percent between October and November, from [continue reading]
The Nation (Nairobi)
17 December 2009
Harare — Zimbabwe’s three governing parties have reached an agreement on a number of outstanding issues threatening their power sharing agreement despite resolutions passed at a recent congress of President Robert Mugabe’s Zanu PF party rejecting compromise.
Zanu PF had at its congress held over the weekend instructed party negotiators not to soften their positions on the contentious appointment of President Mugabe’s cronies to head the central bank and the Attorney General’s office and the removal of targeted sanctions.
One of the resolutions read: “Congress has noted that the inclusive government brings the party into partnership with ideologically incompatible MDC formations from which it must extricate itself in order to retain its mantle as the only dominant and ascendant political party that is truly representative and [continue reading]
The Botswana Telecommunications Authority (BTA) has warned that it will not extend the deadline for the registration of mobile phone simcards.
BTA senior manager, Aron Nyelesi said yesterday that those who fail to register their cards before or on December 31 cut-off date should forget about getting a second chance. He warned that failure to register means the simcards will be rendered useless because it will be permanently disconnected. He said that no extension is under consideration given that people had ample time to register their mobile phone prepaid simcards. He said that about 2,286,632 subscribers from the three mobile phone service providers – Mascom, Orange and be Mobile had registered by the end of October.
beMobile spokesman, Golekanye Molapisi, said that they have a road show to [continue reading]
17 December, 2009
GABORONE – Parliament has endorsed establishment of the Botswana Innovation Hub (BIH).
Before the adoption of the resolution, the Minister of Finance and Development Planning, Mr Kenneth Matambo, told Parliament that the hub was one of the tools that government has put in place to accelerate economic diversification and growth as well as create more employment opportunities in order to increase productivity.
The role of BIH is to facilitate the growth of the technology service industry in particular the information and communications technology with the aim of making Botswana an exporter of such value added services.
Furthermore, Mr Matambo alluded to the fact that as a landlocked country, exporting services using the telecommunications and [continue reading]