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Botswana Innovation Hub CEO Alan Boshwaen Elected President of IASP Africa Division

Botswana Innovation Hub CEO, Alan Boshwaen
Botswana Innovation Hub is proud to announce the election of its Chief Executive Officer Alan Boshwaen as President of the IASP Africa division network. This follows the recent International Association of Science Parks and Areas of Innovation (IASP), Africa Division Conference held in Abuja, Nigeria. Mr Boshwaen was unanimously elected President of the IASP Africa Division. He takes over from McLean Sibanda, CEO of The Innovation Hub, South Africa who has reached the end of his 2 year term.

IASP is the worldwide network of science parks and areas of innovation that connects professionals managing science, technology and research parks (STPs) and other areas of innovation and provides services that drive growth and effectiveness for its members. The organization strives to enhance the competitiveness of its members and contribute to global economic development through innovation, entrepreneurship, and the transfer of knowledge and technology.

As President of the IASP Africa Division, Boshwaen joins four other Regional Division Presidents who constitute the Executive Board of IASP.  The organisations’ other regions are Asia Pacific, Europe, Latin America and North America. In addition, the IASP Executive Board comprises of President, Jean-François Balducchi from France, Vice President, Josep Miquel Piqué from Spain, Treasurer, McLean Sibanda from South Africa and Director General, Luis Sanz from Spain.

Botswana Innovation Hub was bestowed full member of IASP at the 31st IASP World Conference in Doha, Qatar in October 2014. The company is state owned with a mandate to develop and operate Botswana’s first Science and Technology Park in which it will promote and facilitate research, development, education and innovation activities and support start-ups and existing companies to grow. Botswana Innovation Hub attracts companies, universities, research institutes and advanced training institutes to establish in the Botswana Innovation Hub Science and Technology Park and also seeks to establish strategic joint ventures and collaborations.

Boshwaen has extensive experience in the Financial Services and Banking sectors having been CEO of the Botswana International Financial Services Centre (IFSC) and held senior management positions with Standard Chartered Bank Botswana and Barclays Bank of Botswana. Boshwaen has also previously worked for Debswana (De Beers Botswana) Diamond Mining Company.

He holds BA Honors in Industrial Psychology and Business Administration from the University of Kent at Canterbury and a Master’s in Business Administration (MBA) from the University of Cape Town. He is a non-executive Board Member of the Botswana Telecommunications Corporation – a Telecomms Utility and of Letshego Financial Services – a regional Africa micro finance listed company. He also serves on the Advisory Board of the University Of Botswana School Of Business.

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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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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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