Archive for September 14th, 2010

source: Sunday Standard
by Sunday Standard Reporter

The diamond industry is bouncing back to the pre-crisis levels pulling itself along with the country from the worst recession in nearly half a century, the International Monetary Fund (IMF) said in its report that was put on Bank of Botswana website this week.

The global financial watchdog said the developments bodes well for the country but urged fiscal restraint, which include a hike in fuel prices, broadening tax bases, locking in inflation to target range, freezing government staff recruitment and new developments, cancel scare skills allowance in a bid to bring back the country’s finance on track.

The IMF said over the last few years government embarked on major spending spree on recurrent and developmental budget, which is threatening the solvency of [continue reading]


source: Mmegi
Frederick Kebadiretse
Staff Writer

A further deteriorating work ethic among Botswana’s labour force is a disturbing condition that continues to be the most problematic hindrance to doing business in Africa’s traditional haven of peace.

This was revealed at the launch of the World Economic Forum’s Global Competitiveness Report 2010-2011 in Gaborone last week. According to the findings of a survey presented by Letsogile Batsetswe, a research consultant with Botswana National Productivity Centre (BNPC), poor work ethics tops the list of 15 factors identified as the most problematic for doing business in Botswana.

Respondents in the study were asked to select five most problematic factors from a list of [continue reading]

source: allAfrica
Zimbabwe Standard (Harare)
12 September 2010

One of the country’s biggest internet service providers, Africom on Friday unveiled its mobile broadband platform after investing US$30 million into the project in a development that would improve the country’s mobile penetration.

The development follows the deregulation of the telecommunications sector last year after the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said licenced operators with the infrastructure can do both data and voice in a bid to improve on the country’s tele-density.

It would give fierce competition to other mobile players, Econet, Net One and Telecel who have of late been struggling to offer quality service to subscribers. Kwanayi Kashangura, Africom founder and chief executive officer told Standardbusiness the company is not competing directly with mobile operators but “we are enhancing the service”.

Kashangura said mobile operators were offering other services which Africom had and the converged licence meant that it could now participate in voice, data, internet and [continue reading]

source: Sunday Standard
by Faith Zaba

Political analysts in Zimbabwe and Botswana said this week President Ian Khama’s credibility as the epitome of democracy is at stake as pressure mounts in his Botswana Democratic Party (BDP) for internal and constitutional reforms to curtail his excessive powers.

Analysts interviewed by the Sunday Standard said Khama has failed to transform from military leadership into a democratic leader who exhibits characteristics of statesmanship.

Trevor Maisiri, the Harare-based Executive Chairperson of the African Reform Institute, said Khama was no longer as critical of President Robert Mugabe as he once was mainly because he has lost the moral ground to criticise the octogenarian Zimbabwean leader.

“He comes from a military background and he is also accredited as one of the persons who were pivotal in the setting and strengthening of the military in Botswana,” he said. “However, what he [continue reading]

source: Mmegi
Bame Piet
Staff Writer

A group of officers from Botswana Unified Revenue Services (BURS), with police reinforcements, raided Renowned Auto Electrics in Broadhurst on Thursday afternoon and confiscated spare parts and vehicles, in a bid to recover unpaid taxes.

BURS General Manager – Compliance, Kaone Molapo, stated that the company has failed to pay tax for several years. He added that it imports and subsequently exports vehicles allegedly without following proper procedures.

He said that the company registered at least five vehicles between 2005 and 2007 but they have since disappeared from the government systems. Only one vehicle had its registration renewed in 2010. “Where did all the other vehicles go?” he asked.

He revealed that the company owes government over P600,000 in unpaid taxes dating back to 2005. “There are no records, nor bank accounts, but he recently purchased a brand new Nissan Navara. How is that possible?” he said.

Gilbert Mudziwa, the Zimbabwean owner of the company was not present when [continue reading]

source: SW Radio Africa
By Alex Bell
13 September 2010

Prime Minister Morgan Tsvangirai has agreed not contest the result of the nest election, after he and Robert Mugabe agreed that the poll will be held next year.

Prime Minister Tsvangirai said over the weekend that the polls will be held next year. He said on Saturday that he had agreed with Mugabe that “whoever loses (the next election) should make way for the winner.” He was speaking at a ceremony to mark his MDC-T party’s 11th anniversary and told supporters that he and Mugabe agreed to take advantage of the ‘prevailing peace’ to hold elections.

“When I last saw President Mugabe he said the prevailing peace was ideal for us to go for an election and this time we agreed that whoever loses should make way for the winner,” Tsvangirai said.

Political commentator Professor John Makumbe told SW Radio Africa on Monday that Mugabe and Tsvangirai’s agreement not to oppose the result will mean nothing to Mugabe’s loyal security forces. He said that the security forces “will rip an agreement like this to shreds to ensure a result they want.”

“Tsvangirai has put the MDC in a difficult position because if ZANU PF once again rigs the election, then the MDC won’t have room to contest it,” Makumbe said. “Tsvangirai has [continue reading]