BIHL Trust believes that Botswana’s fine arts industry possesses significant potential to further local economic diversification. In this vein, BIHL Trust joined the nation in the recent President's Day Celebrations, through the sponsorship of 6 award categories at the National Art, Basket and Craft Exhibition, on 18th July 2017. The Exhibition at the National Museum in Gaborone is open to members of the public until 31st August 2017.
The Trust, comprising support from BIHL Group and subsidiaries Bifm, Legal Guard and Botswana Life, sponsored the following disciplines: Traditional Pottery, Beadwork, Basket Weaving, Lekgapo, and Leatherwork. The sponsorship comprised prize money for 1st positions across each of the five disciplines, totalling P60,000.00. Amongst some of the winners were Dipuo Motswasele (1st prize in Beadwork), Mmamontshonyana Ditshekiso (1st prize in Traditional Pottery), Susan Mokate (1st prize in Lekgapo), Makushe Nomba (1st prize in Basketry Best in Show ) and Matota Basupeng (1st prize in Woodcarving) Botshelo Tanki (1st prize in Hairdressing).
“This exhibition is a powerful platform for the Botswana fine arts industry in that it allows our talented local artisans the exposure to local and international audiences that they need to build their careers. Our participation comes off the back of our pride in Botswana’s unique heritage. In addition, we firmly believe in Botswana’s fine arts industry’s ability to significantly contribute towards the development of the economy because of its spill-off benefits, which include the promotion of local manufacturing and tourism,” said BIHL Trust Chairman, Major General Bakwena Oitsile..
This year’s sponsorship marks BIHL Trust’s 2nd consecutive participation in the exhibition. The sponsorship comes as part of the wider President’s Day celebrations. The National Art, Basket and Craft Exhibition, now in its 10th year, is an annual platform that aims to recognize and grow local talent across a myriad of disciplines.
BIHL Trust remains committed to supporting the creative arts sector. In 2015, for example, the Trust collaborated with Thapong Visual Arts Centre to establish the #RhinosInTheCity and the Roving Gallery projects. In 2016, in addition to sponsoring the President’s Day awards, the Trust sponsored the Heritage Trail along Independence Avenue, which illustrated key successes behind Botswana’s development using photographs from the national archives.
Concluded BIHL Trust Chairman, Major General Bakwena Oitsile, “Considering our diverse customs and landscapes, Botswana certainly has much to offer consumer markets, and we believe that through more public and private sector collaboration, we can truly harness our socio-economic potential. We congratulate the many winners and indeed all those who participated in this year’s exhibition, and we look forward to doing more to support this formidable initiative.”
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.
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.
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.