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Intra-African services industry a growing reality

Botswana multi-national delivers world-leading safari product across Africa.

Botswana based multi-national ecotourism company, Wilderness Safaris, operating nearly 40 luxury safari camps across eight African countries, has successfully raised a USD35 million bilateral loan for the purchase of a new ecotourism company in Kenya and for further expansion across Africa.

This structured, multi-currency loan facility was led by Stanbic Bank Botswana and the proceeds will be deployed over several years in multiple currencies thereby creating a natural hedge against foreign exchange risks. The transaction is one of the largest corporate deals in Botswana in 2016, and was fully funded by Stanbic Bank Botswana on a bilateral basis.

Leina Gabaraane, Managing Director at Stanbic Bank Botswana says: “Our footprint across 20 countries on the continent provided Wilderness Safaris with an on the ground banking partner with regional and local expertise in the countries in which they operate, as well as countries targeted for future expansion.”  As Sole Arranger, Stanbic Bank Botswana has been able to provide Wilderness Safaris with bespoke funding solutions that will help protect it from currency volatility as well as generate future growth.

“The ability to provide long-term funding in multiple countries with currency flexibility in a short space of time, illustrates the complexity of the capital requirement needs of Africa’s emerging intra-continental service businesses,” says Mr Gabaraane.

Wilderness Safaris is one of Africa’s premier ecotourism companies and caters primarily to an international clientele. The company is dual-listed with its primary listing in Botswana and secondary listing in Johannesburg. Their strategy is to invest in luxury ecotourism opportunities in order to build sustainable conservation economies that combine conservation of Africa’s wildlife heritage with the sharing of benefits with rural communities. They do this through working with governments and other stakeholders to entrench the true value of sustainable authentic ecotourism.

“In addition to reinvestment into flagship properties in Botswana and Namibia, the proceeds of this loan will be used for expansion across African markets such as Kenya and Rwanda,” says Keith Vincent, Chief Executive, Wilderness Safaris.  “This is in line with our group strategic vision, which is to invest in African tourism markets which offer authentic wildlife and safari experiences and where we feel our specific ecotourism model can have positive conservation and community impacts.”

Wilderness Safaris places huge emphasis on the conservation of pristine ecosystems and the wildlife they hold, however they also combine positive conservation elements with human development programmes thus far exceeding narrow biodiversity concerns.

Conservation activities such as ecosystem restoration and endangered species reintroduction are blended with community programmes such as training and education, as well as community-centric local employment. Similar to Wilderness Safaris’ multi-country geography and cross-border safari itineraries, “our service banking model also drives regional integration while equipping a broad set of African geographies with the foreign exchange earnings to address Africa’s liquidity challenges,” says Mr Gabaraane.

Leveraging a loan for deployment across many camps in different countries presents a unique set of complexities. This is especially so since the funding will be required at short notice for use across a number of countries in support of its business operations – or to help address unexpected capital or liquidity events.

“This not only requires a bank on the ground in most of Wilderness Safaris countries of operation, but since the deployment of the loan will be a hands-on and a bespoke process, a bank with local personnel familiar with endemic operating and currency challenges in each environment was required,” adds Mr Gabaraane.

“This deal was especially significant for Stanbic Bank Botswana, which is part of Standard Bank Group, in showcasing its ability to find innovative solutions for home-grown African multinational clients committed to the continent and promoting local growth, even when these deals are somewhat complex and challenging to deliver in their detail over time,” says Mr Gabaraane.

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Business

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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Business

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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