Gaborone, 25 August 2017: Pan-African pay TV network Kwesé TV yesterday (Friday) launched its satellite broadcasting service which will deliver Kwesé’s full-suite entertainment and sports content to Batswana households across the country.
This launch brings to Botswana the very best in premium entertainment, international and African series, and award-winning children’s entertainment channels as well as up to-the-minute news and something for the entire family. Batswana were first introduced to Kwesé with the launch of the broadcaster’s free-to-air channel Kwesé Free Sports in Gaborone in March this year. The broadcaster is now extending its presence in the market by unveiling the complete Kwese TV experience introducing viewers to a whole new world of entertainment and sports which includes exclusive third-party channels, first-to-market content and original programming.
Kwesé’s multi-platform offering cuts across linear, mobile and digital making its content accessible through free-to-air TV, mobile, web streaming and satellite TV. This game changing broadcaster will make its premium content accessible to viewers through a competitively priced 295 BWP for a monthly subscription and a fee of 510 BWP for a decoder, dish kit and standard installation fee. Commenting on the launch, General Manager at Kwesé TV Goabaone Kgosana said, “Batswana have been hungry for an alternative and we believe we have the answer with our programming bouquet which speaks to every viewing appetite and budget.”
“As a business premised on making premium content accessible, we have also made our service available at varying price points by pioneering ‘pay-as-you-watch’ subscription packages which enable consumers to purchase seven and three day passes, at 88 BWP and 50 BWP respectively,” added Kgosana. The launch of this pay TV network marks the introduction of Kwesé’s full entertainment and sports bouquet. Since inception, Kwesé has built up a compelling entertainment programme offering that includes exclusive third party channels such as the youth centric lifestyle and culture channel VICELAND from VICE Media and Sean ‘Diddy’ Combs’ engaging music and entertainment channel REVOLT TV amongst others.
The broadcaster has also gathered the very best in news content from CNN International, Sky News, Africa News, and Al Jazeera to name a few. Not to mention an impressive collection of wholesome children’s entertainment content which includes the exclusive Toonami channel from Turner, popular animation series and movies from NBCUniversal International Network’s DreamWorks, award-winning pre-school channel CBeebies along with an additional five kids’ channels. These exciting channels will broadcast alongside an extensive list of well-known and first to market channels and Kwesé’s eight owned channels.
Kwesé’s sports portfolio boasts an exceptional selection of sporting rights including the Premier League, the 2018 FIFA World Cup Russia, full NBA coverage, exclusive ESPN content and so much more. Join the movement by visiting a Kwesé branded store near you, buy and install the Kwesé decoder in your home and unlock world class programming at your fingertips. Subscriptions can be paid online or over the counter at all Botswana Post outlets across the country.
A subsidiary company of the globally networked Econet Group founded by Executive Chairman Strive Masiyiwa, Econet Media is a dynamic content business driving the development of Kwesé, a fresh new television brand. Created for Sub-Saharan African audiences, Kwesé is inspired by the ‘TV everywhere’ revolution. As such, a range of Kwesé products will be made available on satellite and internet based platforms, including video-on-demand and mobile options. Focused on providing premium, affordable, exclusive viewing, Kwesé products will offer sports, music, movies, series, kids, lifestyle, faith, news and other programming.
Consumers will also benefit from the infrastructural strength of Econet Media sister companies, Liquid Telecom and Econet Wireless. Their expertise and capacity in the areas of mobile and fixed telephony services, broadband, internet, satellite and fibre optic networks will be utilized to establish Kwesé products. In addition, Econet Media has invested intensively to build its own operational assets.
Kwesé is a Pan-African entertainment company, the newest kid on the block redefining TV in Africa. Premised on the concept of TV everywhere and anywhere, Kwesé is revolutionising the media industry on the continent by catering to the changing needs of today’s globally connected African viewer. This fresh new television brand is part of the Econet Media stable, a subsidiary company of the globally networked Econet Group founded by Executive Chairman Strive Masiyiwa. Kwesé aims to change the face of African broadcasting by providing premium, affordable, exclusive viewing choices, that include sports, music, movies, series, kids, lifestyle, faith, news programming and so much more.
Kwesé prides itself in being innovative and disrupting the current media landscape in Africa, offering the very best in local and international content. Kwesé’s product offering is available on satellite and internet based platforms, including video-on-demand and mobile options. African consumers also benefit from the infrastructural strength of Econet Media sister companies, Liquid Telecom and Econet Wireless. Their expertise and capacity in the areas of mobile and fixed telephony services, broadband, internet, satellite and fibre optic networks have been utilized to establish Kwesé products.
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.
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 companyâ€™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. Â The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.
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. â€śOur wide range of partners and experience can help anticipate and mitigate potential disruptions in business and production dynamics,â€ť said BĂ¸rge Brende, President, and World Economic Forum. â€śThe Forumâ€™s initiatives will help to ease physical, capital and digital flows in Africa through stakeholder collaboration, private-public collaboration and information-sharing.â€ť
Given the continentâ€™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. â€śThe 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,â€ť 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.
â€śMacro trends in the four key sectors and across Africaâ€™s growth potential reveal tremendous opportunities for business expansion as population, income and connectivity are on the rise,â€ť said Wamkele Mene, Secretary-General, AfCFTA Secretariat.
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 worldâ€™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,