Archive for April 11th, 2010

source: Mmegi
MWENGWE KAPEMBWA
Correspondent

LUSAKA: Zambia is optimistic that the ‘delayed’ construction of the US$300 million Kazungula Bridge linking Namibia, Botswana, Zimbabwe and Zambia will soon be a reality.

Works and supply minister, Mike Mulongoti, said efforts have been stepped up to ensure that the pontoon is replaced with a permanent bridge without much delay to speed up the transportation of goods and passengers at the Zambezi River crossing that has a long and tortuous history.

Mulongoti said initial feasibility studies undertaken in 2001 and 2006 have been redesigned and a contractor tasked to evaluate costs and other engineering requirements before the affected countries can decide on the financing and other requirements needed to flag off the work.

“We evaluated the cost of the project again and what we are now waiting for is a report from the consulting engineers on the costing and other [continue reading]

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source: News24
2010-04-08 20:02

Cape Town – Public Protector Thuli Madonsela will report her findings on whether President Jacob Zuma breached the executive code of ethics within 14 days.

On March 8, the Democratic Alliance submitted a formal request to Madonsela to investigate Zuma’s “failure to disclose his financial interests, in breach of section 5 of the executive ethics code”.

In a letter to DA parliamentary leader Athol Trollip on Thursday, Madonsela said her investigation on the matter had not yet been completed and would accordingly not be submitted by April 7 – the date on which the 30 days stipulated for the probe in the Executive Members’ Ethics Act expired.

“My inability to finalise the investigation by the due date is [continue reading]

source: BOPA
08 April, 2010

Gaborone – Maintenance of public facilities, landscaping and decorations as well as catering services are among efforts to present business opportunities to the youth.

Assistant Minister of Local Government, Ms Botlogile Tshireletso, told Parliament Tuesday that such efforts also included provision of market stalls at subsidised prices.

The minister said all districts had compiled skills inventories of all youth, adding that when opportunities arose, they were given priority depending on their various skills and capabilities.

She said the national value of such businesses during the last financial year was over P334 000 while the projected national value of such for [continue reading]

source: Mmegi
BRIAN BENZA
Staff Writer

Following a successful Initial Public Offer (IPO), Wilderness Safaris will today list on the Botswana Stock Exchange(BSE) becoming the second tourism company on the local bourse.

The company, which will simultaneously list on the JSE’s Africa board today for its secondary listing, closed its Initial Public Offer on 26 March after it was oversubscribed by 6 percent.

In the IPO, a 570 applications totalling 3,179,638 shares for the 3 million shares on offer in terms of the IPO were received.

“This represented an over-subscription of just under 6 percent. Accordingly, applicants have been allotted their first 40,000 shares applied for in full, while those applying for more than 40,000 shares received 74 percent of the balance,” said the company.

After the IPO, the company is now 75 percent owned by [continue reading]

source: BOPA
08 April, 2010

MOLEPOLOLE – Development projects backlog has been blamed on some councils failure to spend funds.

Mr Kentse Rammidi, Assistant Minister of Local Government, said councils used to have such a habit, which resulted in unnecessary projects deferment.

Officiating at the Kweneng District Council projects launch in Mogoditshane recently, he said councils should come up with strategies to utilise expertise of other councils to finish projects on time. He noted that Lephepe accord signed by Kweneng and Kgatleng district councils was a welcome development that will help with outsourcing.

He advised councils to also focus on maintaining existing buildings rather than [continue reading]

source: allAfrica
The Nation (Nairobi)
8 April 2010

Nairobi — Zimbabwe Prime Minister Morgan Tsvangirai will lead a high level government delegation to talks with the European Union later this month where he will campaign for the lifting of sanctions against President Robert Mugabe and his inner circle.

The trip, if successful, might finally break the logjam in the long running talks to iron out differences that have stalled the implementation of a Global Political Agreement signed by Mr Mugabe and his former arch-rivals in September 2008.

A unity government was formed last year based on the GPA, but it is struggling to gel due to a slate of outstanding issues, which include the travel embargo and asset freeze imposed on the leading figures in the previous administration.

The veteran ruler’s Zanu PF party has [continue reading]