Business

Tati Nickel boss urges gov’t to invest in mining

Newly arrived Tati Nickel Mine General Manager, Peet J Kotze, last week urged the Botswana government not only to look for avenues through which they can diversify the economy away from the mining industry but also use the mining industry as a catalyst for economic diversification by inviting manufacturers of major mining inputs to set up shop in Botswana. Speaking at the BOCCIM Annual Business...

Batswana face black Christmas as fuel pump prices spike

Batswana will face a black Christmas as government recoiled to the high international crude oil price by hiking the fuel- pump prices on Friday. Fuel prices have being hovering near the US $ 100 mark – about P 600—per barrel in the international markets for some time prompting Bank of Botswana and economic analysts to warn against the possible fuel price increase. Although the central bank left...

Orange upgrades its systems, promises better service products

Orange Botswana pleaded with customers Friday for network interruptions experienced over the course of last month but added that the move was aimed at upgrading the system to ensure better service and more products. The mobile telephone network company which is currently the fastest growing in the country with its subscriber based having just tipped over 500, 000 of active subscribers at the end...

Botswana government invites feedback on mining legislation

The Botswana Government has invited diamond manufacturers to provide opinions on an overall strategy for the country’s expanding cutting industry. The move is part of an overall review of Government’s resource policy and is aimed at identifying areas for improvement in its current legislation. Once primarily reliant on De Beers, but now increasingly independent, the Government is trying to re-establish...

Botswana throws much needed jobs to South Africa

The Botswana government’s delays in the liberalization and re-aligning telecommunication charges has seen thousands of jobs which could have been created through BPO and call centers moving to South Africa. In 2004, the government through the IFSC commissioned a study by Accenture—an international consultancy firm – which recommended the liberalization of the telecommunication industry and lowering...

Investec takes a big stake in African Diamonds

Investec Botswana, the fund management outfit, recently acquired a big stake in African Diamonds Plc, making Batswana to be the proud owners of 15 percent stake all told,” the mining company said in a statement. In a statement released from Dublin, Ireland, the chairman of African Diamonds, John Teeling said: “I am delighted with this particular purchase by Investec Botswana on behalf of their investors....

Itekanele donates to the needy

The Itekanele Health scheme last week took their corporate social responsibility program to Moshopa Village in the Tswapong area where they were guest speakers and chief financiers of an event in which students and teachers of Moshopa Primary School, the VDC and the village youth had asked for funding from the company to donate food clothes and blankets to the needy in that village. Speaking at...

KBL rejuvenates St. Louis brand to shrug off competition

KBL, the country’s largest brewer, is embarking on the re-branding of its iconic product, St. Louis, ii a bid to reposition it against its peers in the market. The product, which accounts for 50 percent of clear beer market in the country, is part of the brands that saw the parent companies half year operating profits to September jumping up 15.8 percent to P 81 million to a comparable period in...

FNB launches FirstPlus

Continuing with its tradition of banking innovation, the First National Bank Botswana (FNBB), a wholly owned subsidiary of First National Bank Holdings Botswana, has introduced a whole new way of banking excellence dubbed FirstPlus Campaign. This campaign is expected to bring an innovative array of products and service from the bank. Bomolemo Selaledi, the Head of Marketing and Communication,...

Business confident on inflation outlook

Inflation figures moved in zigzag bands in the last three months to burst through the Bank of Botswana ceiling for the second time within the period but the business community was optimistic that it would remain within the confines in the long term. According to figures released by the Central Statistics Office (CSO), the consumer price index edged from 6.8 percent to 7.3 percent in October at the...

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