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Limkokwing offers self-sponsored students up to 50% discount

Limkokwing University continuously plays a critical role in the knowledge based economy by being a conduit for developing and facilitating integration into the wider social and innovation system to the growth and development of the economy of Botswana.

In its continued efforts to providing quality education and positioning itself as the number one market leader in the creative and innovative driven industry within the tertiary education in Botswana, Limkokwing University of Creative Technology hosted a successful 2-Day Private Students Parents Engagement Session this week.

The sessions were aimed at getting parents of prospective students who failed to make the government cut off point for sponsorship under one roof with the University management, bursary as well as faculty specialists to share various flexible payments methods available, programs that will be running in 2019,  as well as to unveil the 50% Scholarships the University will be offering 1st year self-sponsored students for the new academic year.

Speaking at the event; Associate Director Registry; Ms. Beenzu Kapapa stated that Limkokwing is committed to increasing access to tertiary for the youth of this country and as a result the Founder President Tan Sri Limkokwing found it fitting to give out scholarships to selected groups of potential students who were unable to get government sponsorships. Limkokwing University has in past given scholarships worth millions to people living with disabilities, the creative industry and the media fraternity.

Limkokwing Finance manager, Ms. Lenah Kelepile added that the 50% scholarships as well as the flexible payment structure they have in place are the University’s efforts of encouraging Batswana and individual private sponsors to pay for the education of their children at tertiary level. She further highlighted that while the 50% scholarship will be given to first year qualifying students were unable to get government sponsorship and 30% discount will be given to all self-sponsored students who pay for annual tuition fees or full studies fees upfront.

Most of parents who attended the 2-day sessions expressed gratitude to the University, for having found it fit to organize the well executed two day engagement, saying it assisted them to learn about the University’s 21st Century Programmes, tour the high tech video facilities as well as the students work exhibition and interact with lecturers, students and alumni. Prospective students stated that they look forward to learning their various courses using the various specialized equipment they were shown during the campus tour and look forward to graduating not only as Botswana’s next e-generation but of Africa too.

The university continues to offer innovative programmes that shape careers of the future and create the most unique environment that fulfils the creative needs of young people. An environment that is professionally equipped for the 21st century learning where government, industry and academia collaborate to focus and empower the next generation of creative thinkers through creativity and innovation.

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Matsheka seeks raise bond program ceiling to P30 billion

14th September 2020
Dr Matsheka

This week Minister of Finance & Economic Development, Dr Thapelo Matsheka approached parliament seeking lawmakers approval of Government’s intention to increase bond program ceiling from the current P15 Billion to P30 billion.

“I stand to request this honorable house to authorize increase in bond issuance program from the current P15 billion to P30 billion,” Dr Matsheka said. He explained that due to the halt in economic growth occasioned by COVID-19 pandemic government had to revisit options for funding the national budget, particularly for the second half of the National Development Plan (NDP) 11.

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Lucara sits clutching onto its gigantic stones with bear claws in a dark pit

14th September 2020
Lesedi La Rona

Botswana Stock Exchange (BSE) has this week revealed a gloomy picture of diamond mining newcomer, Lucara, with its stock devaluated and its entire business affected by the COVID-19 pandemic.

A BSE survey for a period between 1st January to 31st August 2020 — recording the second half of the year, the third quarter of the year and five months of coronavirus in Botswana — shows that the Domestic Company Index (DCI) depreciated by 5.9 percent.

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Botswana Diamonds issues 50 000 000 shares to raise capital

14th September 2020
Diamonds

Botswana Diamond PLC, a diamond exploration company trading on both London Stock Exchange Alternative Investment Market (AIM) and Botswana Stock Exchange (BSE) on Monday unlocked value from its shares to raise capital for its ongoing exploration works in Botswana and South Africa.

A statement from the company this week reveals that the placing was with existing and new investors to raise £300,000 via the issue of 50,000,000 new ordinary shares at a placing price of 0.6p per Placing Share.

Each Placing Share, according to Botswana Diamond Executives has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from, 7th September 2020, being the date of the Placing Warrants issue.

In a statement Chairman of Botswana Diamonds, John Teeling explained that the funds raised will be used to fund ongoing exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the Company.

The company is currently drilling kimberlite M8 on the Marsfontein licence in South Africa and has generated further kimberlite targets which will be drilled on the adjacent Thorny River concession.

In Botswana, the funds will be focused on commercializing the KX36 project following the recent acquisition of Sekaka Diamonds from Petra Diamonds. This will include finalizing a work programme to upgrade the grades and diamond value of the kimberlite pipe as well as investigating innovative mining options.

Drilling is planned for the adjacent Sunland Minerals property and following further assessment of the comprehensive Sekaka database more drilling targets are likely. “This is a very active and exciting time for Botswana Diamonds. We are drilling the very promising M8 kimberlite at Marsfontein and further drilling is likely on targets identified on the adjacent Thorny River ground,” he said.

The company Board Chair further noted, “We have a number of active projects. The recently acquired KX36 diamond resource in the Kalahari offers great potential. While awaiting final approvals from the Botswana authorities some of the funds raised will be used to detail the works we will do to refine grade, size distribution and value per carat.”

In addition BOD said the Placing Shares will rank pari passu with the Company’s existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 23 September 2020.

Last month Botswana Diamond announced that it has entered into agreement with global miner Petra Diamonds to acquire the latter’s exploration assets in Botswana. Key to these assets, housed under Sekaka Diamonds, 100 % subsidiary of Petra is the KX36 Diamond discovery, a high grade ore Kimberlite pipe located in the CKGR, considered Botswana’s next diamond glory after the magnificent Orapa and prolific Jwaneng Mines.

The acquisition entailed two adjacent Prospecting Licences and a diamond processing plant. Sekaka has been Petra’s exploration vehicle in Botswana for year and holds three Prospecting Licenses in the Central Kalahari Game Reserve (Kalahari) PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe.

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