The famous recommendations of the FIAS study – jointly conducted by the World Bank and the Botswana Institute for Development Policy Analysis (BIDPA) - are almost gathering dust.
In an effort to facilitate and foster the sustainable development and growth of Botswana’s small business sector, Investec Asset Management of both Botswana and South Africa, in a collaborative effort with the University of Botswana Foundation and others in the private sector, this week launched The Business Place (TBP).
An economics researcher at the University Of Pretoria, South Africa – Joel Hinaunye Eita, has advised that Botswana should focus on developing its financial market to bolster economic growth.
AIM-listed diamond explorer, African Diamonds, expects to start production at the AK6 project in Botswana in late 2009, the company has said.
“AK6 is a done deal. It will happen,” John Teeling, the company’s executive chairman, told delegates at the Numis Metals and Mining Conference in London.
The International Finance Service Centre (IFSC) is organizing a Call Center conference next month with the aim of shoring up the image of the country in the eyes of the global market.
Dan O’Neill, the managing director of the mid tier diamond miner, DiamondEx, was upbeat Friday that production at the proposed Lerala mine will be on schedule to boost the economy of the country.
“We are on schedule and we hope to produce our first diamonds around January / February next year,” he told Sunday Standard in an exclusive interview.
This coming week will see academics from across the world measuring the economic pulse of the world and giving remedies.
A Senior Research Fellow at the Halle Institute for Economic Research in Germany, Dr Tobias Knedlik, has come out boldly to assert that Botswana stands to benefit by joining the proposed Common Monetary Area (CMA) enlargement.
“In summary, Botswana is ready for CMA enlargement,” he concludes in his research paper published in the journal of the Botswana Economics Association.
Alexander Forbes, the titanic financial solutions firm, said Thursday that it is being courted by a private equity fund, Actis, for R 8.4 billion in one of the recent corporate take-over actions.
Bank of Botswana (BoB)’s preferred pension fund administrator, GlenRand MIB’s loss-making division, Benefit Services, broke the South Africa corporate history record last week when it was bought for R1 (87 thebe).
James Campbell, the managing director of African Diamonds, said his organization is upping the scales by applying for a mining licence as they wait for the tests of the last samples of diamond in September this year.
Local entrepreneurs have welcomed the new company act saying that it will facilitate better trade and enable small medium and micro enterprises to access business opportunities in Botswana.
The company act dates back to a 1959 proclamation, and the last major review of the act was in 1999, leading to the company act of 2003.
The new act comes into effect on July 3, 2007.
A new Companies Act comes into force on Tuesday, July 3, 2007.
According to the revamped Companies Regulations, 2007, application to register a company will now cost P300, as opposed to P240 that was charged under the old Companies Act. Application to reserve a name will now cost P20, up by P8 from P12.
The number of injuries at the mines has remained unacceptably high over the year, the Department of Mines said on Friday.
Botswana’s Ministry of Tourism on Friday held the Kavango–Zambezi Transfrontier Conservation Area (KAZA TFCA) donor conference in which Ministers responsible for portfolios of environment, wildlife, tourism and natural resources in Angola, Botswana, Namibia, Zambia and Zimbabwe, presented their proposals to the donor committee.
Morupule Colliery Mine has been applauded for its coal washing programme, which is aimed at bolstering the quality of product as it also embarks on expansion plans to avoid possible future black-outs.
The Botswana Stock Exchange (BSE) leaped to another league over the last second quarter owing to First National Bank and Standard.
Li Rougo, chairman and president of the Export-Import Bank of China lashed at the developed world for insisting on African governments to be transparent at the expense of fast-tracking development in the region.
Gem Diamond Botswana, a company listed on the Main Board of the London Stock Exchange (LSE) recently announced its acquisition of Gope Exploration Company (Pty) Ltd for US $34 million.
Barclays Bank of Botswana, the largest commercial bank in the country, and Stanbic Botswana last week snatched the biggest custodial services mandates relating to the Botswana Public Officers Pension Funds (BPOPF).
Barclays, which has been voted the best custodial manager in Africa for the past three years in a row, won the tender to manage assets worth P 12 billion.