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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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China’s GDP expands 3% in 2022 despite various pressures

2nd February 2023
China’s Gross Domestic Product (GDP) expanded by 3% year-on-year to 121.02 trillion yuan ($17.93 trillion) in 2022 despite being mired in various growth pressures, according to data from the National Bureau Statistics.

The annual growth rate beat a median economist forecast of 2.8% as polled by Reuters. The country’s fourth-quarter GDP growth of 2.9% also surpassed expectations for a 1.8% increase.

In 2022, the Chinese economy encountered more difficulties and challenges than was expected amid a complex domestic and international situation. However, NBS said economic growth stabilized after various measures were taken to shore up growth.

Industrial output rose 3.6% in 2022 over the previous year, while retail sales slightly shrank by 0.2% data show that fixed-asset investment increased 5.1% over 2021, with a 9.1% hike in manufacturing investment but a 10% fall in property investment.

China created 12.06 million new jobs in urban regions throughout the year, surpassing its annual target of 11 million, and officials have stressed the importance of continuing an employment-first policy in 2023.

Meanwhile, China tourism market is a step closer to robust recovery. Tourism operators are in high spirits because the market saw a good chance of a robust recovery during the Spring Festival holiday amid relaxed COVID-19 travel policies.

On January 27, the last day of the seven-day break, the Ministry of Culture and Tourism published an encouraging performance report of the tourism market. It said that domestic destinations and attractions received 308 million visits, up 23.1% year-on-year. The number is roughly 88.6% of that in 2019, they year before the pandemic hit.

According to the report, tourism-related revenue generated during the seven-day period was about 375.8 billion yuan ($55.41 billion), a year-on-year rise of 30%. The revenue was about 73% of that in 2019, the Ministry said.

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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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