Archive for April 27th, 2010

source: Mmegi
Brian Benza
Staff writer

In what could be a boost to government’s shrunken national purse, Debswana says it has recorded encouraging diamond sales in the first quarter of the year as the market recovers along with the global economy.

Speaking at a 2009 annual review briefing in Gaborone last week, Debswana managing director, Blackie Marole said prospects for 2010 and beyond look good and the sale of diamonds in the first three months of the year is already showing positive signs.

Due to the world economic crisis, Debswana only produced 17 million carats in 2009 down from 32 million carats in 2008 leading to a 50 percent cut in revenue to the national coffers from the diamond mining giant.

The company says it is [continue reading]


source: SW Radio Africa
By Lance Guma
26 April 2010

While the rest of the world was focused on the controversy of the MDC-T objecting to Iranian President Mahmoud Ahmadinejad visiting Zimbabwe to open the Trade Fair in Bulawayo, behind closed doors deals were allegedly being made to allow Iran to mine Zimbabwe’s untapped uranium deposits. According to a report in the UK Daily Telegraph Iran is desperate to secure raw material for its expanding and controversial nuclear programme, while Zimbabwe wants oil in return.

On Monday Industry and Commerce Minister Welshman Ncube dismissed the report as ‘not true.’ He was keen to stress, ‘no such agreement was signed. There is no certainty that Zimbabwe has uranium deposits. You first have to prove that there are uranium deposits and that has not been done.’ Ncube a Minister from the smaller Mutambara MDC, added that the two countries had only signed general cooperation agreements in the fields of energy, science and technology and agriculture.

But the Daily Telegraph report suggests that [continue reading]

source: Mmegi
Greg Kelebonye
Staff Writer

Leaders of the Botswana Democratic Party (BDP) splinter group known as Barata-Phathi have finally agreed on a name for their new party.

The party shall be known as the Botswana Movement For Democracy (BMD), an inside source told The Monitor late yesterday. However, Barata-Phathi spokesman Sidney Pilane declined to confirm nor deny that they have settled on BMD as the name of the party. “What I can tell you is that we have indeed agreed on a name, but we first have to submit that name to the Registrar of Societies. Once the Registrar has approved it, we shall be able to tell you the name,” he said. He added that the name was decided after a lengthy discussion by the party leaders and consultation with the public through phone and radio interviews.

He said the name is in consonance with [continue reading]

source: BOPA
27 April, 2010

GABORONE – The domestic export sector will benefit from the recovery in the world domestic economic activity because of reduced government spending.

According to a statement of the Monetary Policy Committee, demand and its impact in economic activity will be low owing to the effect on real incomes of the wage freeze and increase in VAT, administered prices and other levies.

The statement says the low domestic demand pressures together with the projected benign external inflationary pressures contribute to the positive inflation outlook in the medium term and inflation is projected to rise due to the faster quarterly price increases given price developments in South Africa, the increase in both VAT and electricity tariffs.

It says in the medium term inflation is expected to be within the objective range on a sustained basis by 2011 and the risks to this outlook include any substantial upward adjustment in the [continue reading]

source: Mmegi
Mbongeni Mguni
Staff Writer

The P180.5 million upgrade and expansion of the Kasane Airport is expected to open avenues for tourism development because it will provide greater and more efficient access to the Chobe natural attractions.

Signing a $8 million (P54.4 million) Arab Bank for Economic Development in Africa (BADEA) loan towards the project last Thursday, Assistant Finance Minister, Charles Tibone said the upgrade and expansion of the airport would drive the promotion of other economic sectors, apart from air transport

“We are currently in the process of transforming our economy from one that is heavily dependent on minerals by increasing the growth of other sectors like transport, tourism and financial services.

“The upgrading and expansion of the Kasane Airport to handle greater volumes of [continue reading]

source: SouthAfrica.info26 April 2010

The delivery of services to South Africa’s people dominated discussions between President Jacob Zuma and his top management in Johannesburg on Friday.

In a frank engagement, Zuma told his top management that poor service delivery would no longer be able to be blamed on apartheid after two decades of democracy.

“After two decades we will not be able to make an excuse if we do not deliver faster change in the lives of our people,” Zuma told directors-general and deputy directors-general from national and provincial government.

“We will not be able to blame apartheid if villages still have no water, no electricity, no roads. We will not be able to blame anyone else if children still study under trees, if houses and schools are falling apart.”
Improving work ethic

Zuma said his administration took every service delivery protest seriously, adding that they would investigate how they could improve the pace and quality of delivery in [continue reading]

source: Sunday Standard

The New Botswana Brand has been launched following a request in 2009 that the nation’s brand be re-examined as it was thought not to speak of the aspirations of Batswana.

Speaking at the official launch ceremony of the new brand, the Minister of Trade and Industry, Dorcas Makgato Malesu, said, “Botswana has a lot to offer the world and needed to be branded and have a consistent message about who we are, what we stand for, what our offer to the world is and how we add value to the global community.”

She said the world has become smaller due to the influence of technology and other advancements thus there is a growing need for Countries to continuously compete and differentiate themselves in the global market. Countries have to compete for resources in areas such as tourism, foreign direct investment, promoting culture and [continue reading]

source: News24
2010-04-26 15:01
Duncan Alfreds

Cape Town – Some internet users have been complaining that they are having problems connecting to the web, after Seacom announced disruptions to its network.

On Friday, Seacom announced an interruption of service.

“Seacom experienced an interruption in its network on April 14 2010 which lasted around seven minutes as a result of a fault on the Mediterranean section of the SEA-ME-WE 4 submarine cable system, which Seacom currently utilises to connect to London,” the company said on its website.

It had expect to complete a repair process on Saturday, but by Monday, several users still experienced problems connecting to [continue reading]