The case in which Russian nickel giant Norilsk Nickel is suing the Botswana Government to recover US$270 million (Approximately P2.7 billion) veered off into a new row as liquidator Nigel Dixon-Warren is now suing South Africa’s Mineral Resources Minister and Department of Mines Acting Director General David Msiza.
Controversial social media journalist, Daniel Kenosi has broken the golden rule of journalism and sold out his source to embattled Managing Director of the Diamond Trading Company Botswana (DTCB) Tabake Kobedi who is fighting back against allegations on social media that he had a sexual relationship with a minor.
Houston, Texas (USA):The ambiance was just right for the occasion to celebrate Africa’s best model in combating AIDS, the same resilience that is now being replicated to fight and win the war against cancer and associated blood diseases.
In the ongoing chess game between President Mokgweetsi Masisi and his predecessor, Lieutenant General Ian Khama, it is being whispered that some of 2019 parliamentary candidates who have been associated with the latter, actually secretly support the former.
By giving Elephants Without Borders (EWB) P600 000 to nurse three baby elephants which die and come to life in a controversial all-purpose picture, the government helped the NGO contradict a conservation doctrine it subscribes to.
The Lobatse High Court on Wednesday placed the Capital Management Botswana under final liquidation following a protracted legal battle with the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
Botswana Government has once again reiterated its position that their invitation to a wildlife and environmental expert Mike Chase to come forward and show the carcasses of 87 elephants he is said to have seen still stands.
Citizen minority shareholders in the Botswana Stock Exchange listed Sechaba Brewery Holdings which is a holding company for Kgalagadi Breweries Limited have expressed anxiety that a South African company is planning to stage a stealth takeover of the company without according other shareholders, especially citizens and Botswana based pension funds an opportunity to also purchase or increase the
In Botswana it is easier to have a back street abortion than to be treated for flu at Princes Marina Hospital.
For P800 and a click of the mouse, Batswana women who wish to terminate unwanted pregnancies can have their wishes fulfilled in a few hours while flue patients are still queing on the line to see a doctor – Sunday Standard investigations have revealed.
Divorce is becoming increasingly common; the burden of shame, failure, and blame continues to haunt divorcees and women are suffering the worst of it.
Just under six months into office, the government of President Mokgweetsi Masisi has been greeted by a less-than-sanguine picture of underlying economic conditions. The economic-stress however started during the era of Masisi’s predecessor – Ian Khama.
Despite making marked advances as business owners, women entrepreneurs across the globe are still facing hurdles, the MasterCard Index of Women Entrepreneurship (MIWE) 2018 report has said.
The report states that there are some deeply surrounded factors such as gender inequality that are limiting women-preneur’s ability to start or grow their business.
While Botswana was this month plunged in a publicity nightmare following false reports of mass elephant poaching - there has been a silver lining in the form of good publicity that places Botswana as the still go to area for spectacular safari experiences.
Due to improved global demand, it is expected that Botswana’s non-mining output will increase in 2018 and 2019. The central bank through its Monetary Policy Report (August 2018) has identified atleast eight sub-sectors of the economy that are expected to be drivers of Botswana’s non-mining sector during the 2018/9 fiscal year.
The last sitting of parliament was marked by flurry of Bills, with some moved as matter of urgency, irking some members of parliament as to why the Bills were being rushed without intense debate. As it turns out, it was all done in good faith as Botswana is not compliant with the Financial Action Task Force (FATF) recommendations on Anti Money Laundering and terrorism financing.
The Wilderness Holdings Limited shareholders have snubbed prominent local attorney - Parks Tafa.
Tafa is said to have submitted his name for re-election to the board of the BSE and JSE quoted tourism outfit at its Annual General Meeting held in the capital Gaborone recently.
Minergy Limited has no plans to distribute dividends to its shareholders until the Company is profitable and able to generate the required free cash flow.
The Company’s latest release of financial results for the year ended 30th June 2018, that no dividends have been distributed to date as cash is utilized to ensure operations are in place.
Botswana’s foreign reserves have dwindled yet again from P74.7billion in June 2017 to P74.3billion in June 2018.
Bank of Botswana’s Monetary Policy report which is the source of the current statistics attributed this 0.5 percent decrease to foreign exchange outflows.
An evidently excited Chief Executive Officer of Forest Conservation Botswana revealed that his company has grown, continues to grow and has funded positive government’s developments like Strategic Environment Assessments (SEA) for the Chobe District.
Shareholders of Debswana Mining Company – the Botswana government and De Beers Mining Company are expected to “forfeit” their shares of profit to fund two key projects - Jwaneng Cut 9 and Orapa Cut 3.
While it is not yet clear how much each shareholder will pay towards the two projects, the Botswana government has hinted on an amount just over P4 billion.