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Halt in trading of BTCL shares

BTCL CEO Paul Taylor

The Botswana Stock exchange appears to be on its way to close the month on an upward trajectory as it seeks to reverse the losses it incurred in the first quarter of the year which saw the domestic company index ( DCI) down at -3.8%.

The DCI began the month of April with 10,202 points but by the last Thursday of the month, the DCI was up by 105.34 points to close at 10,307 points, representing a monthly gain of 1% and subduing this year’s losses to -2.8%. DCI Index gained 310.6 points or 3.1 % during the last 12 months from 9,999.21 points in April of 2015.

The DCI’s upward momentum was stimulated by the listing of Botswana Telecommunications Limited (BTCL) whose shares appreciated by 30% to P1.30 on the first week pushing the index to appreciate by 0.62%.

The momentum was carried forward on the second week with the benchmark index slightly increasing by o.09% after BTCL shares further appreciated by 5% before settling down again to P1.30 same week, other gains were realised through First National Bank Botswana (0.3%), Letshego (0.4%), Engen (0.6%) and Cresta(0.9%). The downside for that week came through a sharp decline of 2.8% from Furnmart as investors priced in the information that the furniture store will report a loss. Letlole La Rona, a property listed stock also shed of 0.5% from its share price.

For the 3rd week, it was gains led by Letshego(1.6%), Choppies(0.2%), Letlole La rona(0.5%) and Primetime(0.3), which helped nudge the DCI up by 0.10% despite the downside pressures from G4s and BTCL shedding off 0.3% and 3.8% respectively.

In the final week of the month, it was Letshego again rallying the troops as it gained 0.38% followed by Botswana Insurance Holdings as it appreciated by 0.06%. However, the DCI was weighed heavily by the plummeting BTCL shares which lost a whopping 10%, followed by FNBB (0.56%) to trade at its lowest price for the year.

It was been an interesting month for the BSE observers as they watched a villain becoming a hero and a hero becoming a villain. While the DCI was down in the first quarter, many put the blame at Letshego’s door as the company had lost as much as 13.8% in the past 3 months. During that period, Letshego’s shares were the most traded, bringing in P339.1 million. The pan-African financial services provider has since turned a new leaf, with its share price rising from P2.51 to P2.66, delivering a return of 6% just under one month to reduce its losses this year to 8%. The company’s subsidiary in Mozambique was recently issued the official principle issuer license by MasterCard.

In another interesting development, the BSE will have a new entrant on its main domestic counter on the 4th of May. The FAR Property Company has completed its IPO results this week which also followed the trend of oversubscription. The public offer was made up of 20 million units available for members of the public while the other 20 million was put to private placement, both at the offer price of P2.57.

The 40 million linked units that were on offer are expected to raise about P100 million. The founders have also entered in agreement to dispose of 40 million linked units to selected institutional investors. In total, the company will list 380 million units on the BSE. The 380 million units comprises of 79% held by the founders, 20.7% held by the public while the rest will be held by associates and directors of the company as well as associates of the founder.

BSE HALTS TRADING OF BTCL SHARES

On the other hand, BTCL which became a hero in the beginning of April when it listed to much fanfare and ushering in a record breaking number of citizen investors to the stock market has been left fumbling. The BTCL became a must have stock for investors as its IPO was oversubscribed, and  its debut was in a spectacular fashion as it shot up by 30% of first day of trading.

By second week of trading, its share price was now up by 35% but soon after things became to unravel. From its high debut price of P1.30, the stock has been pummelled to P1.12, a 13.8% decline. On Thursday, the BSE issued a halt in trading of BTCL shares. “The BSE has decided to halt trading on the shares of BTCL with immediate effect. The trading halt decision comes to allow for the dissemination of information through BSE regarding changes to BTCL Employee Share Trust.

The trading halt shall be lifted once the company publishes details of the changes to the public,” according to the issued note.

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Fighting vulture poisoning in KAZA region.

3rd February 2023
As a response to avert vulture poisoning currently going on in Botswana and KAZA region, Birdlife Botswana has collaborated with three other partners (BirdWatch Zambia, BirdLife International & Birdlife Zimbabwe) to tackle wildlife poisoning which by extension negatively affect vulture populations.

The Director of Birdlife Botswana, Motshereganyi Virat Kootshositse has revealed in an interview that the project which is funded by European Union’s main goal is to reduce poisoning related vultures’ death and consequently other wildlife species death within the KAZA region.

He highlighted that Chobe district in Botswana has been selected as a pilot site as it has experienced rampant incidents of vulture poisoning for the past few months. In August this year at least 50 endangered white backed vultures were reported dead at Chobe National Park, Botswana after feeding on a buffalo carcass laced with poison.  In November this year again 43 white backed vultures were found dead and two alive after feeding on a zebra suspected to have poisoned.  Other selected pilots’ sites are Kafue in Zambia and Hwange in Zimbabwe.

Kootshositse further explained they have established a national and regional Wildlife Poisoning Committee. He added that as for the national committee they have engaged various departments such as Crop Productions, Agro Chemicals, Department of Veterinary Services, Department of Wildlife and National Parks and other NGOs such as Raptors Botswana to come together and find a long-lasting solution to address wildlife poisoning in Botswana. ‘Let’s have a strategy or a plan together to tackle wildlife poisoning,’ he stated

He also decried that there is gap in the availability of data about vulture poisoning or wildlife in general. ‘If we have a central point for data, it will help in terms of reporting and advocacy’, he stated

He added that the regional committee comprises of law enforcement officers such as BDF and Botswana police, village leadership such as Village Development Committee and Kgosi. ‘We need to join hand together and protect the wildlife we have as this will increase our profile for conservation and this alone enhances our visitation and boost our local economy,’ he noted

Kootshositse noted that Birdlife together with DWNP also addressed series of meeting in some villages in the Chobe region recently. The purpose of kgotla meetings was to raise awareness on the conservation and protection of vultures in Chobe West communities.

‘After realizing that vulture poisoning in the Chobe areas become frequent, we realise that we need to do something about it.  ‘We did a public awareness by addressing several kgotla meetings in some villages in the Chobe west,’ he stated

He noted that next year they are going to have another round of consultations around the Chobe areas and the approach is to engage the community into planning process. ‘Residents should be part of the plan of actions and we are working with farmers committee in the areas to address vulture poisoning in the area, ‘he added

He added that they have found out that some common reasons for poisoning wildlife are farmers targeting predators such as lions in retaliation to killing of their livestock. Another common incident cross border poaching in the Chobe area as poachers will kills an elephant and poison its carcass targeting vultures because of their aerial circling alerting authorities about poaching activities.

Kootshositse noted that in the last cases it was disheartening the incidents occurred three months apart. He added that for the first time they found that some of the body parts of some vultures were missing. He added harvesting of body parts of vultures is not a common practice in Botswana, although it is used in some parts of Africa. ‘We suspect that someone took advantage of the availability of carcasses and started harvesting their body parts,’

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Giant in the making: Everton Mlalazi

3rd February 2023

The music industry is at a point where artists are jostling for space because there are so many aspirants trying to get their big break, thus creating stiff competition.

In the music business it’s about talent and positioning. You need to be at the right place at the right time with the right people around you to propel you forward.
Against all odds, Everton Mlalazi has managed to takeover the gospel scene effortlessly.
To him, it’s more than just a breakthrough to stardom, but a passion as well as mission directly appointed by the Lord.

Within a short space of 2 years after having decided to persue a solo career, Mlalazi has already made it into international music scene, with his music receiving considerable play on several gospel television and radio stations in Botswana including other regional stations like Trace Africa, One Gospel, Metro FM in South Africa, Hope FM in Kenya and literally all broadcast stations in Zimbabwe.

It doesn’t only stop there, as the musician has already been nominated 2 times and 2 awards which are Bulawayo Arts Awards (BAA) best Male artists 2022, StarFM listerners Choice Award, Best Newcomer 2021 and ZIMA Best Contemporary Gospel 2022, MLA awards Best Male artist & Best Gospel Artist 2022.

Everton’s inspiration stems from his ultimate passion and desire to lead people into Godly ways and it seems it’s only getting started.
The man is a gospel artist to put on your radar.

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African countries call on WHO to increase funding

2nd February 2023

Minister of Health Dr Edwin Dikoloti says Africa member states call on World Health Organization (WHO) to ensure equitable resource allocation for 2024-2025. Dr Dikoloti was speaking this week at the WHO Executive Board Meeting in Geneva, Switzerland.

He said countries agreed that there is need to address the budget and funding imbalances by increasing the programme budget share of countries and regions to 75% for the next year.

“The proposed budget for 2024-2025 marks an important milestone as it is the first in Programme Budget in which country offices will be allocated more than half of the total budget for the biennium. We highly welcome this approach which will enable the organization to deliver on its mandate while fulfilling the expectations for transparency, efficiency and accountability.”

The Botswana Health Minister commended member states on the extension of the General Programme of Work (GPD 13) and the Secretariat work to monitor the progress towards the triple billion targets, and the health-related SDGs.

“We welcome the Director’s general proposed five priorities which have crystalized into the “five Ps” that are aligned with the GPW 13 extension. Impact can only be achieved through close coordination with, and support to national health authorities. As such, the strengthening of country offices is instrumental, with particular focus on strengthening national health systems and on promoting more equitable access to health services.”

According to Dr Dikoloti, the majority of countries with UHC index that is below the global median are in the WHO Africa region. “For that, we call on the WHO to enhance capacity at the regional and national levels in order to accelerate progress. Currently, the regional office needs both technical and financial support in order to effectively address and support country needs.”

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