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17 Dec 2006

Imara Holdings brightened the faces of its shareholders as its half year results shot up 76 percent year-on-year, thanks to a bull run in the commodity markets and an increase in assets managed by its fund management division.

17 Dec 2006

Metsef, the estranged wholesale company, staged a spectacular come back last week when Sefalana Holdings acquired the entire shareholding of Metcash South Africa in a court settlement to duck-out of one of the most acrimonious legal tussles in Botswana’s corporate history.

17 Dec 2006

The Ministry of Communications Science and Technology is in the process of finalising an Information and Communication Technology (ICT) Policy.

17 Dec 2006

IAMGOLD, the dual-listed gold exploration and mining company, said Friday that it intends to float its shares on the Botswana Stock Exchange soon following the de-listing of Gallery Gold early this year.

17 Dec 2006

In a bid to finance its expansion programme, the Water Utilities Corporation (WUC) sounded warning bells to the markets Friday about its intentions to raise P 400 million through the issuance of a bond in the coming year.

11 Dec 2006

The Ministry of Finance and Development Planning is coming up with an array of new measures aimed at jumpstarting the Botswana International Financial Services Centre.

The ministry has completed the drafting of the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) bill. According to the Ministry, this Bill will be presented in the current parliamentary session.

11 Dec 2006

Assistant Minister of Finance and Development Planning, Duncan Mlazie, has dismissed as unfounded fears and allegations that Botswana’s economic data could be two years out of date.

11 Dec 2006

AIR BOTSWANA has been named best full service regional airline at the annual excellence awards of the Airports Company of South Africa.

The award is for Air Botswana’s passenger services at O.R.Tambo (formerly Johannesburg) International Airport and Cape Town International Airport.

11 Dec 2006

As part of its on-going drive to deliver a premium service to the bank’s executive clientele, Standard Chartered last week launched the new Platinum current account and Platinum Visa debit card.

11 Dec 2006

Early this week, the Botswana Telecommunications Corporation started its 2-week Wellness Exposition for its employees.

The Expo will run from the 4th – 15th December. This activity began in Gaborone on Monday, December 04, 2006 with an opening ceremony at BTC Headquarters, Megaleng, and moved on to other BTC centres all around the country.

11 Dec 2006

The Botswana Telecommunications Corporation (BTC)’s Annual Report for 2005 – 6 was voted the best parastatal and overall best Annual Report in Botswana this year. This was witnessed at the glittery annual PRICEWATERHOUSECOPPERS (PWC) Annual Report prize giving ceremony, held on November 23, 2006.

11 Dec 2006

The rise in the number of copper cable thefts and vandalism, which are now a global epidemic, are costing companies million of pula in repairs and replacements nationwide.

To highlight the problem, the Botswana Telecommunication Corporation (BTC) organized a stakeholders’ seminar to discuss the pandemic.

11 Dec 2006

Mascom Wireless has the new Chief Executive.
The 56 year old Jose Geraldes Gomes takes over from Jose Antonio Ferreira who has now joined MTC Namibia.

Jose Geraldes Gomes is an engineering graduate from the Institute of Superior Tecnico – Lisbon where he graduated in 1974.

11 Dec 2006

Twenty years ago, Botswana was regarded as one of the poorest countries in the world but today it is considered the richest in non-oil producing countries in Africa.

More remarkable growth is happening and was proven beyond reasonable doubt by the Economic Review, which was launched this week at Maharaja Conference Centre by Managing Director of Econsult, Keith Jefferis.

11 Dec 2006

Fleming Asset Management is to fly Botswana’s flag in the European markets as it prepares to list its newly created hedge fund, Zenith Fund on the Luxembourg Stock Exchange in a bid to access the European and Asian markets.

04 Dec 2006

Ian Ross, the insurance guru and chairman of the new entrant in the local market, Hollard Insurance Botswana, waged a severe attack on the re-insurance companies for looting Africa of its mega resources.

04 Dec 2006

Martin Makgatlhe, the chief executive of Motswedi Securities and a long-time campaigner for non- banking financial institutions authority, warned that the body should be equipped both financially and in human resources for it to be credible.

04 Dec 2006

Switched on Batswana are rubbing their hands gleefully in anticipation of a windfall from the country’s investment in an International Financial Services Centre (IFSC).

Even Botswana International Financial Services Centre CEO Alan Boshwaen is upbeat that with most of the preparatory work now completed the country could be on the cusp of reaping benefits of setting up the centre.

04 Dec 2006

The Botswana government said last week that it is pressing ahead with modeling the country into an international innovation hub in a bid to lure in the much need foreign direct investment.

Government ministers told a national stakeholders’ seminar the proposed hub it aimed to repositioning the country as a location for world-class business.

04 Dec 2006

The Government is working on plans to impose mandatory insurance on vehicles traveling on Botswana roads as part of measures aimed at reducing the accident rate in the country and ensure that all vehicles are roadworthy.

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