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FUB engages BFA over awards ceremony

Footballers Union of Botswana (FUB) is believed to be courting the local football federation to accept and deliberate on a paper document that will cater for amalgamation of football awards ceremony held during the football season calendar.

As things stand, there are three anticipated ceremonies held at different times after the football season comes to an end. One ceremony is powered by Mascom Wireless for the Top 8 competition, the other is powered by Botswana Telecommunication Corporation Limited (BTC) who are the title sponsors of the elite league while the third ceremony is held by the Footballer’s Union.

It has, in fact, came to light that of the three ceremonies, different high ranking football administrators and players believe that the FUB ceremony is more genuine and with high integrity. Township Rollers head coach, Nikola Kavazovic, this seasons became the first gaffer to identify the authenticity of the award he received from the Union.  The mentor was voted the coach of the season last week at a ceremony held at Tlotlo Conference.

Kavazovic twitted that, “with all due respect to Mascom Coach of the season and BTC Coach of the season, this one is special for me since it comes from all players of all clubs. Thank you FUB.” According to the eye of the Union, this is a vote of confidence on the organization often times entangled with teams over issues surrounding welfare of players.

“We want to present a case study to BFA to merge award ceremonies to create hype and build more integrity while on the other hand speaking towards fairness in our game,” one member said. With the culmination of this, the union believes it has more points to prove to the association over merging of awards ceremony. Speaking on behalf Botswana football Coaches Association (BFCA), Nelson Olebile who is the president commended the Union for their moves which he say will benefit the entire game.

“I must commend the Union for holding the ceremony particularly that it also recognizes the past football players and veteran coaches. This is important because the Union will go a long way in recognizing players who we think were lost to the game,” he said.
The Union has in the past also expressed unwavering interest for BFA to consider changing the football season calendar.

FUB, sometime in August 09, 2008, a team of medical experts made a presentation at the third biennial general assembly of the BFA about the impact of training and competiting in hot conditions, which are very common in most areas around the country. After this presentation and at the same meeting, First Division South moved a motion and was seconded by premier league to change the BFA football season from August – May, as it is currently, to February – November.

Central to this debate was the health of the player and the second point was to realign with the Confederation of African Football (CAF) calendar. In justifying their proposal of a health perspective FUB said, depending on the abilities of a player's body to cope, heat conditions tend to impact on the quality of the game itself as well as on the player's health. Therefore, an awareness of the risks of playing in hot conditions and potential protective measures is essential.

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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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Global CEOs Back Plan to Unlock $3.4 Trillion Potential of Africa Free Trade Area

23rd January 2023

African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA).

AfCFTA: A New Era for Global Business and Investment in Africa outlines high-potential sectors, initiatives to support business and investment, operational tools to facilitate the AfCFTA, and illustrative examples from successful businesses in Africa to guide businesses in entering and expanding in this area.

The report aims to provide a pathway for global businesses and investors to understand the biggest trends, opportunities and strategies to successfully invest and achieve high returns in Africa, developing local, sub-regional and continental value chains and accelerating industrialization, all of which go hand in hand with the success of the AfCFTA.

The AfCFTA is the largest free trade area in the world, by area and number of participating countries. Once fully implemented, it will be the fifth-largest economy in the world, with the potential to have a combined GDP of more than $3.4 trillion. Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment, and boost overseas exports by a third, double intra-continental trade, raise incomes by 8% and lift 50 million people out of poverty.

To ease the pain of transition to its new single market, Africa has learned from trade liberalization in North America and Europe. “Our wide range of partners and experience can help anticipate and mitigate potential disruptions in business and production dynamics,” said Børge Brende, President, and World Economic Forum. “The Forum’s initiatives will help to ease physical, capital and digital flows in Africa through stakeholder collaboration, private-public collaboration and information-sharing.”

Given the continent’s historically low foreign direct investment relative to other regions, the report highlights the sense of excitement as the AfCFTA lowers or removes barriers to trade and competitiveness. “The promising gains from an integrated African market should be a signal to investors around the world that the continent is ripe for business creation, integration and expansion,” said Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum.

The report focuses on four key sectors that have a combined worth of $130 billion and represent high-potential opportunities for companies looking to invest in Africa: automotive; agriculture and agroprocessing; pharmaceuticals; and transport and logistics.

“Macro trends in the four key sectors and across Africa’s growth potential reveal tremendous opportunities for business expansion as population, income and connectivity are on the rise,” said Wamkele Mene, Secretary-General, AfCFTA Secretariat.

“These projections reveal an unprecedented opportunity for local and global businesses to invest in African countries and play a vital role in the development of crucial local and regional value chains on the continent,” said Landry Signé, Executive Director and Professor, Thunderbird School of Global Management and Co-Chair, World Economic Forum Regional Action Group for Africa.

The Forum is actively working towards implementing trade and investment tools through initiatives, such as Friends of the Africa Continental Free Trade Area, to align with the negotiation process of the AfCFTA. It identifies areas where public-private collaboration can help reduce barriers and facilitate investment from international firms.

About the World Economic Forum Annual Meeting 2023

The World Economic Forum Annual Meeting 2023 convenes the world’s foremost leaders under the theme, Cooperation in a Fragmented World. It calls on world leaders to address immediate economic, energy and food crises while laying the groundwork for a more sustainable, resilient world. For further information,

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