Archive for March 28th, 2010

source: Mmegi
MBONGENI MGUNI
Staff Writer

Coupled with an expected favourable monetary environment, recovery in major export markets should power Botswana’s trade balance back to the black, following a near 13-month streak of running deficits.The country has recorded trade deficits since November 2008, with imports outstripping exports by more than P1 billion for most of that period.

According to the CSO, Botswana’s imports for 2009 amounted to P33.3 billion while exports for the year amounted to P24 billion, resulting in an overall deficit of P9.3 billion.

In comparison, the trade deficit for 2008 was P2.5 billion. The 2009 deficit is largely due to the contraction of prime export industries such as diamond mining, textiles, copper/nickel and beef, due to the collapse of target markets in the grip of [continue reading]

Advertisements

source: BOPA
26 March, 2010

GABORONE- The Architects Registration Council of Botswana (ARCB) has elected Messrs Goitsemodimo Manowe and Ishmael Mosinyi as the chairperson and vice respectively.

The body was created through the Architects Registration Act in 2008 to establish a council to regulate on behalf of the public the practice of architecture.

Mr Manowe said the inauguration of the ARCB was the culmination of 18 years of collaboration between architectural profession through the Architects Association of Botswana (AAB), which is currently represented by the Department of Building and Engineering Services (DBES).

Mr Manowe, who is the director of Pinagare Architects and the founding member of AAB, said the council would regulate the [continue reading]

source: Mmegi
PATRICIA MAGANU
Staff Writer

FRANCISTOWN: Regional Magistrate in the South, Lot Moroka has called for the Declaration of Assets and Liabilities Bill to be passed as a matter of urgency to nip corruption in the bud. Moroka said that the country needs the law as soon as possible.

He was speaking at a workshop on corruption and corporate governance organised by City of Francistown yesterday.The senior magistrate said that the absence of the law has contributed to rampant corruption in the country. “There are people who could have been arrested but they are protected, ” he said.

Moroka said that if this bill were to be passed and law enacted Batswana would realise that they do not know their country. “Some investors who come here need [continue reading]

source: BOPA
26 March, 2010

GABORONE – Parliament on Wednesday threw its weight behind the International Financial Organisation (Amendment) Bill as it sailed through its second reading with relative ease.

Presenting the bill earlier on, Minister of Finance and Development Planning, Mr Kenneth Matambo, said requirements of the International Monetary Fund (IMF) precipitated the move.

All IMF members were required to have accepted the amendment to the IMF Articles of Agreement by end of last year, and Minister Matambo said Botswana could not do so due to a tight parliamentary schedule.

The bill proposes to amend the IMF Articles to enhance the investment authority of the fund to allow it to use a members currency held in the investment account for [continue reading]

source: SW Radio Africa
By Alex Bell
26 March 2010

South African civil rights initiative, AfriForum, has rolled out what it calls a ‘Civil Sanction Campaign’ in support of Zimbabwe’s farmers and farm workers, the first step of which is to seize Zimbabwean assets in South Africa.

The group has identified four Zimbabwean owned properties to be ‘attached’ as compensation for South African farmers who have lost land in Robert Mugabe’s land ‘reform’ programme. A 2008 regional ruling, declaring the exercise ‘unlawful’, has been ignored and legally dismissed in Zimbabwe, leaving farmers with no choice but to seek justice elsewhere. Farmers approached AfriForum to have that same ruling, made by the human rights court of the Southern African Development Community (SADC), registered in South Africa.

Judge Garth Rabie last month ruled in favour of the farmers, stating that the SADC Tribunal ruling, including a later order to pay costs to the farmers, should be honoured. AfriForum has since been seeking what Zimbabwean assets can be attached to settle these costs and [continue reading]