Peo has sponsored yet another citizen owned venture to the tune of P1.5 million. Peo was set up ten years ago by De Beers Botswana and Debswana Diamond Company with the main objective of contributing to government’s policy of citizen economic empowerment.
Deloitte & Touche, one of the world’s leading professional services firm specializing in a wide range of services, announced last week that this year it will employ four interns as part of the Botswana International Financial Services Centre (IFSC) internship programme.
African Diamonds, the mid tier diamond mining company, is planning to open an office in Botswana next month following its deepening roots in the diamond mining in this country.
Financial analysts applauded Imara Holdings on Friday for embarking on a share split aimed at improving tradability in the market saying the move will enable the retail investors to lock into the financial system.
Financial analysts warned last week of the jaded banking sector profits as listed banks are set to start releasing their results this week.
“Banks will certainly make profits this year but they would not be as phenominal as last year. The last year results were largely driven by the Bank of Botswana Certificates (BoBCs), an analyst at Capital Securities, Leutwetse Tumelo said Friday.
In Military parlance, a broken arrow means a missile that did not reach its intended destination.
Last month the Young Zebras’ hopes of reaching the 2008 Olympic Games were dealt a heavy blow when they lost by a solitary goal against Morocco.
Having unceremoniously bowed out of the All Africa Games, the Olympics are the only hope of respite to restore their dented pride.
The Botswana Golf Union (BGU) will once again mobilise youngsters for the training clinics. The clinics start next week on August 19 and will last for five days. The executive secretary of BGU, Comfort Ramatebele, told The Sunday Standard that the clinics are expected to attract more than 100 kids from all over the country.
Immediately after his arrival at Notwane, Paul Moyo steered Notwane to an unprecedented Kabelano tournament victory. The cup eluded him during his successful stay at Notwane in the mid and late nineties. The man, who is dubbed the Godfather of Notwane, seems to be on his way to once again take the team where it belongs, winning almost everything on offer.
Botswana’s national Under 23 team might have made the country proud by winning the Four Nations Asian tournament last week and finishing as the runners up at the Sasol Eight Nations Tournament last month. But they now face a real test against Cameroon for the Olympics qualifying games.
However hard he tries to liberate and redeem himself, the specter of factions will, for a foreseeable future, remain a disturbing, even distasteful, part of Jacob Nkate’s politics.
According to Section 76(1) of our constitution, the National Assembly may regulate its own procedure. It is this power that has allowed the legislature to formulate its standing orders, or procedural rules.
Fittingly, they call the Southern African Development Community (SADC) Summit ‘ordinary.’
Ordinary, indeed, were it not for the expenses involved to soothe bruised egos and to fill the tummies of under-performers.
There is something particularly distasteful about the way pension funds and related assets are managed in Botswana.
The current strategy is that up to 70 percent of such national assets are kept and managed offshore, off course, by faceless managers.
The result is that only a paltry 30 percent end up invested inside Botswana, where the need is biggest.
Never has a country waited so much in anticipation. It was not only our country waiting. All the countries represented were holding their bated breath not knowing what to expect. I guess the only countries that relaxed were those with female representatives. Consider that the last time we participated we too were relaxed. We had sent a female representative.
The Assistant Minister of Labour and Home Affairs, Gaotlhaetse Matlhabaphiri, has apologized to parliament after he found out that he had been misled into misleading the House.
In November 1997, President Ketumile Masire took his position in parliament’s State chair to deliver the annual state of the nation address – as he had done since 1980. At the end of the prepared text, he reached into one of his jacket’s pockets to fish for another speech – this time much shorter – in which he would announce his imminent retirement from office the following March.
Member of Parliament (MP) for Palapye, Boyce Sebetela, on Friday won the hearts of many MPs from across the political divide when he sweetened a motion that was expected to divide the house.
MPs heaped accolades on Sebetela saying his amendment to a volatile motion tabled by Gaborone West South MP, Robert Molefhabangwe, had saved parliament from a possible split and ethnic tensions.
Vice President Ian Khama’s hopes and strategy for his party to win seats currently held by the opposition seem to be on the rocks.
This follows his failure to make headway in his attempts to distribute urban constituencies among the cosmopolitan elite of the ruling Botswana Democratic Party.
A Botswana citizen is reported to be among 36 foreigners who are to be deported from the Philippines after being arrested for violating the country’s immigration laws– it emerged this week. The Botswana national is understood to be among foreigners who have been “overstaying” at the Philippines detention center in Bicutan, Taguig City.
Pepsi Thuto, a partner at Chibanda, Makgalemela law firm, who administered the controversial oath on affidavits by disgraced former permanent secretary Elvidge Mhlauli and Kadimo Oremeng, is adamant that she carried out her duties properly.