BIHL Rakes in P534m Surplus

BIHL Rakes in P534m Surplus

The Botswana Insurance Holdings Limited (BIHL) group has delivered exceptionally strong overall results for the year ended 31 December 2007, ...
See all stories on this topic

Investors still eye Zimbabwe

Investors still eye Zimbabwe

An asset management company with offices in *Harare reckons that European investors remain interested in Zimbabwe as an investment destination because of the promise of a relatively rapid turnaround in the economy once the politics return to normal.

John Legat, the Harare-based chief executive of Imara Asset Management, part of the Botswana-registered Imara financial services group, reported on positive feedback from presentations in investment conferences in London and Munich.

Legat said that there was a good deal of discussion about the Imara theory that parallels existed between Brazil in the 1980s and Zimbabwe today.

"Despite the country’s problems, international investors have still made impressive gains in Zimbabwe at a time when returns in many developed markets have been disappointing," Legat said. "One internationally focused fund with a strong stake in Zimbabwean equities last year made gains of 18% in US dollar terms with an 84% gain over three years."

He said Zimbabwe still had a robust and relatively sophisticated equity market - with values at bargain basement levels. Seventy-nine companies are listed on the Zimbabwe stock exchange versus 54 in Kenya.

The Imara presentations also pointed out that a wealth of natural resources and tourist infrastructure offer ready-made building blocks for rapid economic revival, given the necessary policy adjustments.

"Zimbabwe is not being written off," Legat said. "It is being carefully scrutinised by private and institutional investors in major European centres."

 

*Harare

See all stories on this topic

Tawana inks Orapa JV agreement with Botswana investment firm

Tawana inks Orapa JV agreement with Botswana investment firm
Mining Weekly - Garden View,South Africa
ASX- and JSE-listed diamond junior Tawana Resources has signed an agreement with Botswana-domiciled Nowak Investments, which gave the firm the right to earn ...

 

Sydney Morning Herald - Sydney,New South Wales,Australia
Dr Daniels was brought the Liqhobong Diamond Mine in Lesotho into production. potential that still remains in Botswana. It is also noteworthy that Firestone ...
See all stories on this topic and here.

Lobtrans collapse shakes banking industry

Botswana’s three biggest banks are expected to suffer a crippling hit following the unexpected liquidation of one of Botswana biggest companies, Lobtrans...

Letshego: Background

LETSHEGO was the first micro lending company to be established in Botswana and is still the leading provider of unsecured credit to Batswana. ...

Engen Botswana Ltd. (ENGN.BT): Stock Quote & Company Information

Get Engen Botswana Ltd. (ENGN.BT) stock research & investing information. Find historical stock quotes, key competitors, stock data, executive management ...

De Beers Posts Loss as Costs Rise at Canadian Mines (Update1)

Bloomberg - USA
The company, 45 percent owned by Anglo American Plc, raised prices by 3.5 percent in January, adding to the 4 percent increase in the second half of last ...
See all stories on this topic

US fears, blackouts trouble De Beers

Mining MX - Sandton,South Africa
De Beers, which has Anglo American (45%) and the Oppenheimer family (40%) as major shareholders, committed $126m to an extensive exploration programme. ...
See all stories on this topic

South Africa: De Beers in Eye of the Storm -- Oppenheimer

AllAfrica.com - Washington,USA
Oppenheimer said the group's shareholders, the Oppenheimer family and Anglo American, had decided that they would reinvest the final dividend of about $100m ...
See all stories on this topic

De Beers Posts 2nd-Half Loss as Costs Rise in Canada (Update2)

Bloomberg - USA
... is 45 percent owned by Anglo American Plc. De Beers has been selling unprofitable diamond mines in South Africa as it expands in Canada and Botswana, ...
See all stories on this topic

Has Iamgold Corporation (up 1.09 percent, IAG) seen the light?

By info@askStockGuru.com (Ask Stock Guru)
Up 1.09% today. The stock has retraced 28.9% from its recent high price of 10.43 which occurred on 8-Nov-2007. The current price is below the 50 day moving average of 8.57. Sustained move below the average could put the recent uptrend ...
askStockGuru.com Analysis - Basic... - http://www.askStockGuru.com/

Welcome to Capital Group!

Group Logo, Line. Globe, Capital Securities · Capital Conferences · Capital Asset Management · Capital Resources ... Private Bag 173, Gaborone, Botswana ...

Norilsk Nickel Reports Production Results for 2007

Financial Information Service(Registration) - Novosibirsk,Russia
... Australia, Botswana and South Africa. The company stated that the purchase of nickel assets of OM Group and LionOre had made a notable contribution into ...
See all stories on this topic

BML Corporate Profile

Sydney Morning Herald - Sydney,New South Wales,Australia
... Debeers, Albidon Ltd, Mt Burgess Ltd., Botswana ranks as one of the least corrupt countries in the African Energy Resources Ltd, African Copper PLC, ...
See all stories on this topic

http://www.brudirect.com/DailyInfo/News/Archive/Feb08/120208/nite13.htm

Bru Direct - Brunei Darussalam
... Lebanon, Singapore, Botswana, UAE and Malaysia. Standard Chartered, which is working in partnership with WWF, will donate USSI million to support vital ...
See all stories on this topic

Nigeria, Mauritius Shares Advance, Kenya Drops: African Stocks

Bloomberg - USA
Barclays Bank of Botswana Ltd., the country's largest lender, lost 1.4 percent to 6.80 pula. Ghana's All-Share Index climbed 0.4 percent to a record 6745.87 ...
See all stories on this topic

De Beers sees "challenging" 2008 for diamond sector

Reuters - USA
De Beers, 45 percent owned by Anglo American Plc (AAL.L: Quote, Profile, Research), has a 40 percent market share. Penny appealed to rival producers to join ...
See all stories on this topic

Business Daily Africa - the international window into East African ...

24-September-2007: Olympia Capital Corporation (OCC) has once again become a subsidiary of Olympia Capital Holdings (OCH) following the acquisition of ...

Business Daily Africa - the international window into East African ...

24-September-2007: Olympia Capital Corporation (OCC) has once again become a subsidiary of Olympia Capital Holdings (OCH) following the acquisition of ...

Olympia Capital Holdings ltd — Tue, February 05 2008 ~ Nairobi ...

Olympia Capital Holdings has a 53% stake in Olympia Capital Corporation which is ... Olympia Capital Corporation (OCC) has once again become a subsidiary of ...

New diamond laboratory in Dubai to standardise trading

Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
... from other diamond retailers with large stockpiles of their own, the cartel broke up in 2000, sold its shares in Anglo American and de-listed. ...
See all stories on this topic

De Beers' sparkling time in India and China

Yorkshire Post - Leeds,England,UK
The stone producer, which is 45 per cent owned by mining giant Anglo American, said demand for its rough diamonds remained healthy during 2007 but sales had ...
See all stories on this topic

Creative thinking indeed

Fin24 - Cape Town,South Africa
So, De Beers declared a $100m final, taking the total to $139m ($200m), but major shareholders Anglo American (45%) and the Oppenheimer interests (40%) will ...
See all stories on this topic

De Beers optimistic about diamond prospects

Gaberones,Botswana
... and it will be operated on a joint venture between De Beers, African Diamonds and Wati Ventures. Meanwhile De Beers Botswana chief executive officer Ms ...
See all stories on this topic

IAMGOLD Year End Results Release-March 28, 2008

FOXBusiness - USA
TORONTO, ONTARIO, Feb 12, 2008 (Marketwire via COMTEX) -- IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) will ...
See all stories on this topic

Has Iamgold Corporation (up 0.54 percent, IAG) seen the light?

By info@askStockGuru.com (Ask Stock Guru)
Up 0.54% today. The stock has retraced 28.5% from its recent high price of 10.43 which occurred on 8-Nov-2007. The current price is below the 50 day moving average of 8.54. Sustained move below the average could put the recent uptrend ...
askStockGuru.com Analysis - Basic... - http://www.askStockGuru.com/

IAMGOLD Year End Results Release-March 28, 2008

CNNMoney.com - USA
IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) will release year end financial results before the market opens on ...
See all stories on this topic

Polishing centres to receive less rough diamonds

Reuters - USA
... set uup joint ventures in Botswana and Namibia to distribute the rough to be produced locally. De Beers is 45 percent owned by Anglo American Plc (AAL. ...
See all stories on this topic