Business

African Energy negotiating with BPC to connect to

African Energy has announced that it is currently negotiating with Botswana Power Corporation (BPC) to use the national transmission grid. The coal mining company is currently developing an integrated coal mine as well as a 450MW power plant in eastern Botswana to export power to Zambia and neighbouring countries. African Energy Managing Director, Frazer Tabeart highlighted in a statement that dialogue continued with BPC regarding connection of Sese into the local 400kV transmission grid at Phokoje substation and use of the BPC transmission grid.


12th February 2018

Letlole La Rona buys Watershed Piazza Mall

12th February 2018

Competition Authority has approved the acquisition of Watershed Piazza Mall in Mahalapye for P149 million by public property investment company, Letlole La Rona (LLR). Acting Chief Executive of the Competition Authority, Magdeline Gabaraane said the proposed transaction is not likely to result in the prevention or substantial lessening of competition, or endanger the continuity of the services offered in the market. “Furthermore, no public interest concerns have been identified. Pursuant to the provisions of section 60 of the Competition Act, the Authority has approved the acquisition by Letlole La Rona Limited of the Watershed Piazza Shopping Mall, together with underlying leases and the right to collect rental, from its current owner, Jus Posh Investments (Pty) Ltd,” said Gabaraane in a statement.

VCF promises to transform Botswana agribusiness

12th February 2018

Over 200 members of the Value Chain Farming (VCF) Africa-Botswana are optimistic that if they work together they will ultimately be able to feed the nation and sell beyond borders. The farmers converged in a three-day Summer School and Conference theme, ‘Unlocking Agricultural Opportunities,’ that took place at Ave Maria Conference Centre and Botswana Univeristy of Agriculture and Natural Resources (BUAN) in Sebele, hosted in partnership with Botswana Insurance Company. Speaking at the event, Managing Director of Value Chain Farming Africa, Tshepiso Ntshobotho said the event is a bi-annual school that runs during summer and a second session in the winter session called Agribusiness Winter School and Conference.

National poverty incidence falls

29th January 2018

Statistics Botswana Poverty Survey results have shown that national poverty incidence have decreased slightly from 19.3 percent in 2009/10 to 16.3 percent in 2015/16. The survey results show that urban villages recorded a decrease in poverty incidence between the two periods from 19.9 to 13.4 percent, while in rural areas the poverty incidence marginally decreased from 24.3 to 24.2 percent. Presenting the results last week, Deputy Statistician General, Dr Burton Mguni pointed out that urban villages recorded a decrease in poverty incidence between the two periods from 19.9 to 13.4 percent, while in rural areas the poverty incidence marginally decreased from 24.3 to 24.2 percent.

Entrepreneurs get inspiration in Denmark

29th January 2018

Three local youth-led enterprises had an opportunity to join hundreds other international youth-led enterprises in Copenhagen, Denmark at the Creative Business Cup International Final, and are back to make an impact in Botswana. Creative Business Cup is the global initiative for entrepreneurship and innovation that supports startups, connects entrepreneurs to investors and global markets. The three are Martin De Klerk Moatshe of IFirsh, Donald Ramotshebe of Medmall Africa and Leungo Tebogo of Ba Hana Farmers Market.

People living below poverty line decreases

29th January 2018

The number of people living below the poverty line has decreased according to the Botswana Multi-Topic Household Survey 2015/16 results released last week. The Reports states that the percentage of population living below Purchasing Power Parity (PPP) one Dollar a day ($ 1.90) has decreased from 6.4 percent in 2009/10 to 5.8 percent in 2015/16 at national level.

KFC acquisition above board, says Dixon-Warren

29th January 2018

Local companies have raised concerns over the liquidated KFC franchise in Botswana, which has been acquired by South African company, Baobab Khulisani. In November last year, Bradlymore, a joint venture company between Vivo Energy and Baobab Khulisani South Africa, acquired KFC Botswana from the liquidator, Nigel Dixon-Warren.

Mathubudukwane hosts Dinokeng Business Expo

29th January 2018

The annual Dinokeng Business Expo this year will take place over two days from June 29 to 30 owing to the fact that one day could not accommodate all planned expo activities.

Prime Time upbeat on prospects for 2018

17th January 2018

Property Development Company, Prime Time sees prospects of good returns in 2018 with focus on its retail segment. The company Managing Director Alexander Kelly and Chairman Petronella Matumo said they are looking forward to Pilane Crossing Mall becoming a successful retail centre as tenants have now occupied the space. “In Botswana we look forward to Pilane Crossing becoming a successful retail centre, that it was originally envisaged to be,” states Kelly and Matumo. For its Botswana market, the company started construction at Setlhoa plot with a retail park concept for the home décor and design sector.

RDC buys property worth over R300m in Cape Town

17th January 2018

RDC, a Botswana listed company, announced Monday that it has purchased ‘The Edge’ building in Cape Town for a price of R300 million plus acquisition costs, through its investment in Capitalgro. Capitalgro is a Western Cape property loan stock company registered in South Africa and structured to hold commercial property for the benefit of its shareholders. The Chairman of RDC, Guido Giachetti also sits as one of the directors of Capitalgro.

Emotional intelligence key to financial health

17th January 2018

Experts say money and emotions are inter-connected therefore it is important to master the skill of bringing a balance between the two. Calvin Investment Founder and Financial Expert, Calvin Phokontsi says that if one can control their emotions, they can control their money. “Fail to control your emotions, fail to control your money. Mind your emotions, mind your money,” he says. The financial expert who runs a financial advisory firm says generally three percent of an individual’s life comprises of academics, 90 percent - emotions and seven percent natural or motivational influences.

Letlole La Rona buys Mahalapye’s WaterShed Mall

17th January 2018

Public property investment company, Letlole La Rona (LLR) announced that the acquisition of WaterShed Mall in Mahalapye will provide it with an opportunity to diversify its retail portfolio and increase it to 25 percent. In a statement LLR states that it has entered into the sale agreement with Jus Posh Investment for the acquisition of the retail property, which includes all land, buildings and improvements of Watershed Piazza mall. “The transaction further provides LLR with a growth opportunity and will enhance the company’s earning and in turn improve distribution to unit-holders,” reads the statement.

VCF hosts farming conference

17th January 2018

Value Chain Farming (VCF) Africa-Botswana which runs VCF, a market driven contract farming initiative that seeks to support the commercialisation of small scale farmers, will host a three-day conference from February 1 to 3 at Ave Marie Conference Centre. The initiative focuses on provision of skills, advanced agricultural technology, financing frameworks and infrastructure development. Managing Director Tshepiso Ntshobotho says the inaugural conference will provide information on emerging external trends and current issues that impact the future of the agriculture industry.


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