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Barclays partners with Sandveldt farmers

Barclays Bank of Botswana has partnered with Sandveldt Ranchers Farmers Association in a bid to promote commercial farming to ensure sustainable food production for Batswana. This year marks the fourth time Barclays Bank of Botswana has partnered with the association. The Sandveldt Agric show was held from 28 to 29 April 2017.
 


These agricultural shows have proved to be a viable option to inform and promote collaboration amongst farmers. The event continues to attract more people as farmers use this opportunity to showcase their animals, share knowledge on best practice and engage critical stakeholders on key issues to improve the sector.


It is paramount for farmers to adopt and invest in innovative technologies to improve their products, due to increased global competition, cost inflation and changing climate conditions.   This event was positioned to be a one-stop comprehensive business-to-business trading platform, where key topics that affect farmers, such as the response to unpredictable weather, markets and farming practices are discussed, as well as engaging stakeholders on other issues that affect the farmers.  In addition, it provides an opportunity for benchmarking as best practices are shared with farmers by different experts from farm management, veld fire management and controls, and demonstration on bull and cow fertility.


Speaking at the show, Business Banking Director at Barclays Bank of Botswana, Andre Potgieter, said: “The Sandveldt Agric show helps wider communities understand and value sustainable Botswana agriculture and appreciate quality produce and promoting skills sharing.” “While the event hosts activities and displays that appeal to wide and diverse demographics, we never lose sight of the need to continually promote agricultural excellence,” he said.


To encourage improvement, awards were presented to those farmers who exhibited top quality animals. Sandveldt agric show continues to attract large crowds who have an interest in farming, as they learn from the experts. Mr Potgieter added, “Our customers are increasingly embracing agriculture as a viable business venture.” The Sandveldt Ranchers Farmers Association is a non-profit organisation and events, such as the Agric show, allow the association to invest into agricultural programmes, benchmarking, competitions, education and skills transfer activities.


Potgieter concludes, “Barclays bank is committed to promoting the Agriculture Sector as a viable business. We believe we are making a significant contribution for the benefit of every Motswana. We continue to be impressed by the commitment of farmers in improving and contributing to the nation’s food basket, despite the challenges involved in farming.”

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Matsheka seeks raise bond program ceiling to P30 billion

14th September 2020
Dr Matsheka

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.

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Lucara sits clutching onto its gigantic stones with bear claws in a dark pit

14th September 2020
Lesedi La Rona

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.

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Botswana Diamonds issues 50 000 000 shares to raise capital

14th September 2020
Diamonds

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.

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