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Electra Mining Botswana attracting top names and industry support

Leading local and international suppliers to the mining, industrial and power generation sectors have embraced the business growth opportunity that Electra Mining Botswana presents in the region.

Komatsu Botswana, Atlas Copco Botswana, Hansen & Genwest, Cummins SA, Phoenix Contact, Worley Parsons RSA, Haas Factory Outlet CNC Machine Tools SA and Redpath Mining South Africa are amongst the many companies that will be exhibiting at this year’s show, which will be taking place at the Gaborone Fairgrounds from 12-14 September.

The Botswana Ministry of Mineral Resources, Green Technology and Energy Security (formerly the Ministry of Minerals, Energy and Water Resources) has endorsed Electra Mining Botswana again this year. Support has also been given by the Botswana Chamber of Mines and the South African Capital Equipment Export Council, both of whom will be exhibiting.

Botswana has recently been ranked as the most attractive economy for those interested in investing in Africa, according to the latest Africa Investment Index (AII) (April 2017), by the Quantum Global Research Lab. Botswana comes out tops out of 54 African countries and scores highly across a range of categories such as credit rating, current account ratio, import cover and ease of doing business.

Commenting on the Index in the Africa Investment Review (AIR) (Q2 2017), Milton Delo of Quantum Global Research Lab, states that: “Botswana has a high ranking on the business environment factor due to the relatively efficient legal and regulatory environment, which are conducive to smooth business operations. Secondly, the country has a relatively low risk profile as depicted by the credit rating, current account ratio and import cover”.

These research findings along with the projected growth of Botswana’s economy of 4.2% in 2017, as highlighted in the February budget, signify future growth potential across industries. “As a company, we recognise the opportunity for business to grow significantly in Botswana over the next few years and through our investment in Electra Mining Botswana we are creating an environment that will stimulate trade across the industries we serve,” says Gary Corin, Managing Director of Specialised Exhibitions Montgomery, organisers of the show in partnership with Botswana-based Soapbox Communications.

Vuyiswa Mojela, Director of Soapbox Communications agrees. “As a citizen of Botswana and having dedicated years to supporting businesses in their endeavours to flourish and grow, my company is dedicated to working together with our partners, with government and other stakeholders to deliver a first-class trade exhibition that will support and benefit all those involved.”

A premier showcase of current and developing technology, new products, equipment and machinery, and the latest systems and services, Electra Mining Botswana will enable visitors to connect with leading service providers, industry business leaders and government representatives.  With access to technical expertise, the opportunity to view live demonstrations of products and equipment, and access to the free-to-attend seminars, visitors will gain valuable knowledge and insight which will assist them in their own businesses.

Specialised Exhibitions Montgomery is a member of the prestigious Montgomery Group, one of the most widely respected exhibition companies in the world with trade shows, consumer shows and specialist projects currently spanning Europe, the Middle East, Africa and Asia. They are also a member of the Association of African Exhibition Organisers (AAXO). Soapbox Communications is a diversified and 100% Botswana citizen-owned Company, which has brought great insight, experience and knowledge to the show which will benefit all stakeholders involved.

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Business

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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Business

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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