BoBC Auction Results (November 19)
The 14-day BoBC yield dropped to 3.13 percent from 3.15 for a paper maturing on December 4, 2013. The results of the auction held on November 19, ar
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Monday, 2 December 2013
[Latest News] DCI up 17.52 percent year-to-date
DCI up 17.52 percent year-to-date
The domestic companies index (DCI) rose by 0.43 percent during the week ending November 22, closing at 8 825.74 points from 8 788.19 points the previous week. For the y
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[Latest News] BoBC Auction Results (November 26)
BoBC Auction Results (November 26)
The 14-day BoBC yield dropped to 3.11 percent from 3.13 for a paper maturing on December 11, 2013. The results of the auction held on November 26, are summarised below.
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[Latest News] Moodys retains investment grade ratings for Botswana
Moodys retains investment grade ratings for Botswana
In its 2013 review of Botswana, Moody’s Investors Services retained the A2 investment grade sovereign credit rating and stable outlook. This is based on the healt
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Sunday, 1 December 2013
Friday, 2 August 2013
Massmart Opens Second Builders Warehouse In Botswana
In line with its African expansion strategy, Massmart Holdings Ltd. (MSM) - a food and general goods retailer controlled by Wal-Mart Stores Inc., has opened its second Builders Warehouse store in Somerset West, Francistown, Botswana
Earlier this year, Massmart CEO, Grant Pattison had announced that the retailer will continue to expand its store network in sub-Saharan Africa with the opening of 27 stores before the end of 2013, including a Makro in Amanzimtoti, Durban, and a Builders Warehouse store in Botswana and Mozambique.
Following the announcement of the new 5,150m Builders Warehouse on Monday, Pattison said the group which has 381 stores in sub-Saharan Africa, had several new sites approved in its existing African markets.
"We are also focusing on East and West Africa, where we are already in the planning stages of implementing our discount food retail strategy," he said.
Earlier this year, Massmart CEO, Grant Pattison had announced that the retailer will continue to expand its store network in sub-Saharan Africa with the opening of 27 stores before the end of 2013, including a Makro in Amanzimtoti, Durban, and a Builders Warehouse store in Botswana and Mozambique.
Following the announcement of the new 5,150m Builders Warehouse on Monday, Pattison said the group which has 381 stores in sub-Saharan Africa, had several new sites approved in its existing African markets.
"We are also focusing on East and West Africa, where we are already in the planning stages of implementing our discount food retail strategy," he said.
Wednesday, 8 May 2013
Botswana calls for IPPs to add 600 MW
7 May 2013 - The government of Botswana has issued a call for Independent Power Producers (IPPs) to submit expressions of interest, as the country plans to add a further 600 MW to its electricity generation capacity
Half of this future 600 MW is to come through the addition of a further two units to the four unit 600 MW Morupule B power station, which is still being completed. The other 300 MW is for an open ended greenfields development anywhere in Botswana. Though Botswana has significant coal resources, and it makes this option an obvious choice, the greenfields 300 MW baseload power station theoretically could be supplied from other energy sources.
The Botswana government says factors such as technical and financial capability, work experience and qualification of top personnel and proposed capital and operating costs, will be key in deciding the winners of the two 300 MW tenders.
Half of this future 600 MW is to come through the addition of a further two units to the four unit 600 MW Morupule B power station, which is still being completed. The other 300 MW is for an open ended greenfields development anywhere in Botswana. Though Botswana has significant coal resources, and it makes this option an obvious choice, the greenfields 300 MW baseload power station theoretically could be supplied from other energy sources.
The Botswana government says factors such as technical and financial capability, work experience and qualification of top personnel and proposed capital and operating costs, will be key in deciding the winners of the two 300 MW tenders.
Thursday, 18 October 2012
Firestone Diamonds plc: 14,673 carats of diamond sold by tender in Botswana, for gross proceeds of approximately $1.6 million
Philip Kenny, CEO of Firestone Diamonds, commented: “The successful completion of our first tender is a major milestone for Firestone and marks the completion of our transition into one of only three listed junior kimberlite producers worldwide. We are very pleased that the prices achieved for both Liqhobong and BK11 production were higher than expected, and we believe that further price increases will be achieved for production from both of these mines in 2011.”
Monday, 15 October 2012
I can fix BMC, says Tombale
Not only are his leadership skills and experience at his advantage, half of the board members who were believed to be at the heart of the problems at the state abattoir have been shown the door, after it was established that they were doing business with BMC, engaging in serious cases of conflict of interest.
Speaking in an exclusive interview yesterday, Tombale outlined his mission and expectations. "I can say half of the old board members are no longer there.
With my leadership skills, I should be able to manage the board, because I know what is expected of a board. As CEO you manage both the employees and the board," he said.
Careful not to ruffle feathers unnecessarily during the hour-long interview, Tombale however accused the media of blowing the situation out of proportion in that the recent reports have alarmed the customers both at home and abroad.
He said the media reports had also instilled a sense of uncertainty among BMC employees and local farmers, but things are beginning to stabilise.
"You guys should know that your reports are not local anymore as they are read across the world. So they really put pressure on us," he said.
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