Archive for March 11th, 2010

Buy Botswana

source: BOPA
11 March, 2010

SEROWE – Government will, in June, come up with a policy meant to allow departments to buy goods produced locally, Assistant Minister of Presidential Affairs and Public Administration, Mr Mokgweetsi Masisi has revealed.

Addressing Serowe Administration Authority sub-council meeting on Tuesday, Mr Masisi said the import substitution sub-committee under the Cabinet Committee of Economic Empowerment will come up with a memorandum, which will direct government department to buy locally produced goods.

This move will, according to the assistant minister, help government in its endeavour to eradicate poverty and help businesses to set up manufacturing plants for supply to the local economy.

Mr Masisi added that government could provide measures to support these enterprises to [continue reading]

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source: allAfrica
TradeInvest Africa (Cape Town)
Luke Zunga
8 March 2010
interview

Zimbabwe’s new empowerment law that compels foreign-owned companies to give-up a 51% stake in their businesses to black Zimbabweans was greeted with shock by investors when first announced.

The law officially took effect on 1 March but was allegedly published prematurely without the cabinet legal committee’s input or approval. According to some newspaper reports the government is now revising the regulation. TradeInvest Africa asked Luke Zunga from the Zimbabwe Diaspora Development Chamber about the effect that the empowerment law will have on business and investment in the country.

Give us a brief overview of Zimbabwe’s new empowerment regulations.

Events in Zimbabwe must not be taken in isolation but in overall context, starting with the constitutional referendum in 1999. Prior to the [continue reading]

source: News24

In response to delays in the Mmamabula Energy Project (MEP), Chinese energy and mining titan Golden Concord Holdings Limited has snapped up a controlling equity in the 300-megawatt power station being developed by CIC Energy.

With the 1 200 MW coal-fired Mmamabula Energy Project (MEP) hamstrung by South African bureaucracy, CIC Energy last week announced it would fast-track the development of a 300 MW power station for domestic consumption purposes. The new station – which will also be coal-fired – will everage on the technical groundwork done for MEP and seek a Power Purchase Agreement with the Botswana Power Corporation and financial input from debt and equity partners. CIC Energy last week unveiled [continue reading]

source: BOPA
11 March, 2010

Tshepo Mongwa reports that the Assistant Minister of Finance and Development Planning, Mr Charles Tibone told the same forum that local authorities should put in place income generating strategies that could assist government to bring in more revenue.

He explained that previously local authorities contributed P358 million to the government revenue, which was only 13 per cent of the total revenue. This is very low and should be improved, he said.

Local Authorities have to manage themselves through transformation to reach 2016 and revenue must be generated at local level as part of the transformation process, he said adding that the central government was strained in bringing out funds to finance local authorities.

He said local authorities should be financially sustainable as well as independent and should also be able to fund their own projects and [continue reading]

source: Mmegi
ISAIAH MOREWAGAE
Staff Writer

Hopes of Batswana having easy access to court records have been quashed as the project to implement high technology use in courts has been deferred.

The government has rescinded its decision to introduce digital court recordings and video conferencing in the local courts of law. The reforms, to improve the speed of justice dispensation, were earmarked for implementation in the 2009/10 budget.

However, the Minister of Defence, Justice and Security, Dikgakgamatso Seretse on Monday told parliament that due to budget constraints such reforms cannot be implemented.

He told the house that the recent economic downturn has had an adverse impact on [continue reading]

source: News24
2010-03-11 11:36

Cape Town – A special inter-ministerial committee is to be set up to finalise government’s broadband policy, government spokesperson Themba Maseko said on Thursday.

Briefing the media following Cabinet’s regular meeting on Wednesday, he said the draft national broadband policy had been tabled and discussed at the meeting.

“The policy seeks to, among other things, address availability, accessibility, and affordability of broadband, building an information society, as well as to promote uptake and usage of broadband.”

Cabinet decided that an [continue reading]