Archive for February 22nd, 2010

source: BOPA
19 February, 2010

SEROWE – In an effort to diversify the countrys economy, Botswana Development Corporation (BDC) has financed the establishment of a steel pipe factory in Palapye, which is envisaged to create 200 jobs.

Responding to BOPA questionnaire, the corporations principal public affairs officer, Ms Boitshwarelo Lebang said clearing of the ground has commenced which will be followed by the civil engineering works (earthworks) and construction of the building.

All these will be carried out during this month and construction is expected to be completed by July 2010, she said.

Ms Lebang said Palapye was chosen due to its geographical location with access to sufficient electricity and A1 highway for ease of transport as well as access to South Africa through Martins Drift and Zambia/Zimbabwe through Francistown.

She explained that from their market research, studies on past imports and [continue reading]

source: Mmegi

SELEBI-PHIKWE: The government decision to increase Value Added Tax (VAT) by two percentage points, from 10 percent to 12 percent, has been met with different reactions by the business community and individuals in this town.

The Minister of Finance and Development Planning, Kenneth Matambo announced in his budget speech last week that the VAT increase which is effective from April, is one of the many measures that the government has taken to get total estimated revenues as minerals revenues is not expected to reach normal levels until the 2012-2013 financial year. There was also no salary increase for civil servants for the second year running.

Speaking to Mmegi in an interview, Business Package Consultants Director, Dzimmbire Elliah Chimbwete said VAT increase has negative and positive impact to [continue reading]

source: allAfrica
Vanguard (Lagos)
Amaka Agwuegbo
22 February 2010

The Grameen Foundation has announced an innovative, two-year initiative that is designed to help African microfinance institutions (MFIs) better target poor clients and track how they are moving out of poverty.

The initiative, the first of its kind in Africa, is being facilitated by the PPI Users Collaborative in Africa (PUCA), a new, multi-stakeholder group that unites five charter partners – Oikocredit, Catholic Relief Services, Terrafina Microfinance, Planet Rating and Grameen Foundation – with the national microfinance networks APIM/Mali and APSFD Senegal.

The Progress out of Poverty Index (PPI) is a globally recognized poverty assessment tool that enables MFIs to understand their [continue reading]

source: BOPA
19 February, 2010

GABORONE – A US delegation of four Congress members as well as some senior congressional staff will today begin a two-day official visit to Botswana, a press release from the Ministry of Foreign Affairs and International Cooperation says.

The release explains that the delegation will be led by Gregory W. Meeks of New York and Melvin Watt of North Carolina.

Furthermore, the release highlights that the delegation is visiting several African countries including Botswana to gain first hand information on the impact of the global financial crisis and the mitigation efforts, which have been put in place.

The visiting delegation, notes the release, will thereafter factor that assessment into [continue reading]

source: BOPA
19 February, 2010

GABORONE – The Ministry of Local Government is working closely with that of defence, justice and security to address challenges that emerged after merging the Local Police and the Botswana Police Service.

Assistant Minister of Local Government, Mr Kentse Rammidi, told Parliament that, among other duties, the merger may have affected the administration of corporal punishment at customary courts.

He said, however, he was not aware that most customary courts were sending offenders deserving corporal punishment to already congested prisons or young offenders convicted of minor offences.

Mr Rammidi said the ministry has adviced dikgosi to consider alternative sentences such as [continue reading]