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Statistics Botswana changes Base year

Statistics Botswana announced on Wednesday that it is rebasing the Consumer Price Index (CPI). The agency will now use September 2016 as its base year following the reweighting of the basket using the 2009/10 Botswana Core Welfare Indicators Survey results.

The rebasing comes after the data collecting agency fell in World Bank Statistics Index earlier this year, and the change in the base year is expected to improve the quality of the data. The CPI measures price changes in goods and services with reference to a base period. The current Botswana CPI series has a base period of September 2006. Prices Statistics information is useful for formulation of socio-economic and monetary policies, quantifying the purchasing power of the Pula in relation to goods and services, over time in Botswana.

Mr. Phaladi Labobedi, the agency’s National Accounts and Prices Manager, said that the best accepted practice in international standards is to rebase every 5 years. The last time Statistics Botswana adjusted its base year was in 2006, following a 10 years hiatus period. The adjustment of the base year is expected to offer relevant data that will be useful in determining contractual payments like wages and salaries.

Earlier this year, Statistics Botswana fell short of the World Bank Statistics Index, adding to the downward trajectory since 2004. Dr Burton Mguni, Deputy General Statistician, revealed then at the Statistics Botswana seminar in August that Botswana scored 45.5 points out of 100, putting it below the Sub Saharan African average. The decline in the ratings of Statistics Botswana was due to its shortcomings when it came to data dissemination. This came after the country failed to report part of statistics to UNESCO. Of the required data, health survey and poverty survey also ranked the country low.

Statistics Botswana is the principal data collecting, processing and disseminating agency responsible for coordinating, monitoring and supervising the National Statistical System. The organisation is currently undertaking the health survey and the poverty survey with results expected to be released before end of 2018. Dr Mguni said the release of the results will place Botswana above the Southern African Development Committee (SADC) average.

Statistics Botswana has caught flak for lack of comprehensive data which some believe is outdated and out of touch with the reality on the ground. As part of efforts to improve the frequency and quality of the country’s statistics, the organisation has partnered with Ministry of Finance and Development Planning as well as the country’s central bank, Bank of Botswana, to form Statistics Producer Committee which will provide a framework for addressing challenges facing the country.

The agency’s last released CPI showed that inflation rate for September was at 2.8%, a rise of 0.2% from the previous month. While most of the group indexes that constitute the CPI remain unchanged, this was partly offset by price increases in the Housing category which recorded an upward change of 1%. Other notable increases included the Food and Non-Alcoholic Beverages group index after recording a 0.5% increase.

The Food and Non-Alcoholic Beverages group is the main constituent of the CPI at 21.84%. In the last 9 months the group’s overall price increased by 2.5%. The core inflation, which excludes items that are prone to volatile price movements such as food, petrol and electricity, remained unchanged at 3.6%. Core inflation is thought to be an indicator of underlying long-term inflation.

The CPI figures for the month of October are expected on the 15th of November, and it will be  interesting to see what the recently based CPI will reflect. According to Dr Mguni, the country used to do well in the consumer price index but that changed last year when it used 2004 as the base year instead of the required 10 year base. Furthermore, it was revealed that the manual used by the government was not up to date.

At the time, Dr. Mguni said when they rebase the CPI this year, it will add more points for Botswana and improve its ranking. The rebasing of the CPI will ensure that the index gives an updated reflection of inflation. Botswana has the second lowest inflation rate in Southern Africa after Mauritius.

Zimbabwe is the only exception with its negative inflation rate. Southern African countries were hit the most by the El Nino phenomenon which affected agricultural production from late 2015 and extending into 2016. The drought brought upon by El Nino affected the production of Southern Africa’s staple crops such as maize, pushing up prices. These forced Southern African governments to engage in tight monetary policies to rein in inflation. 

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Food prices continue to rise, but at a slower rate

28th November 2022

Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.

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Still doing business the old way?

18th November 2022

It’s time to get business done better with MTN Business Botswana’s ICT Solutions.

Running a digital businessMTN Business Solutions Botswana, popularly known as MTN Business is an Internet Service Provider. We are a subsidiary of MTN Group Limited, a multinational telecommunications Group headquartered in South Africa, which operates in 19 markets across Africa and the Middle East.

More and more, clients are looking for ways to keep their staff productive in a dynamically changing business environment. Whether your people are working from home, the office or abroad, there is a growing recognition that digitising your operations can offer unprecedented commercial value in flexibility, productivity and growth. This new, digital reality means that it is more important than ever to stay agile – if there is anything that can slow a business down, it is being burdened by othatld technology.

Having made substantial investments in fibre technology, high-speed terrestrial and undersea networks and new frequency spectrum across the markets wherein it operates, MTN is perfectly positioned to respond to this shift in the market.

A few years ago, MTN also made the decision to build an IP capable radio network for its mobile services, giving its core network the ability to seamlessly integrate with enterprise IP networks. The mobile towers deliver services to enterprise clients absolutely anywhere it has a network, shortening the last mile and removing complexity and cost.

Now there is increasing demand from clients to connect their remote sites in all areas, including rural and semi- rural. MTN has assisted clients with overcoming this connectivity hurdle, enabling their staff to get the job done wherever they are.
MTN’s evolution

For MTN, the focus has shifted from just being a core telecommunications services provider, towards also becoming a technology solutions provider. The service offering now also includes Unified Communications, Data Hosting and Cloud Solutions, Security-As-A-Service and Managed Network Services. The scope has changed to being client and industry specific, so the requirements and service portfolio vary from one client to the next. The expectation is that a company like MTN must respond to these challenges, helping clients to get business done better as they shift from old to new technologies.

As many businesses continue to grapple with a digitally dynamic world, they face new challenges that have to be solved. This environment will benefit those that are more digitally enabled and agile. It is a brave new world that will favour online over on-site, wireless over wired and fluid over formulaic. Businesses will seek out partners and suppliers that are every bit as flexible and forward-looking as they are.
Ultimately, clients need partners like MTN Business that will invest in infrastructure, deliver the services they require, have market credibility, are financially sound and have a long-term commitment to their market presence.

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BIE to vitalize the Dignity of Engineers

9th November 2022

Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in  which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.

The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.

Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.

“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.

He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.

Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.

“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.

He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.

He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc

“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran

Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.

“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.

Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that  the BIE provides a fertile environment where they can meet, share ideas and grow professionally.

“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.

He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.

“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams

He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .

Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution  said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.

“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.

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