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Botswana top country in the world to visit for 2016

A travel book named Lonely Planet has declared Botswana the top country in the world to visit for 2016.

The country received the accolade in Lonely Planet’s Best in Travel 2016, the highly anticipated collection of the world’s hottest trends, destinations and experiences for the year ahead. The bestselling, inspirational travel yearbook from the world’s leading travel authority highlights the top ten countries, cities and regions to visit in 2016.

Botswana beat Japan and United States of America which came second and third respectively.

According to the book, Botswana was credited for being a unique destination and an unusual combination of desert and delta that draws an immense concentration of wildlife. It also expressed that the country is full of life-changing experiences.

“Here is a real wilderness that puts you in touch with palpable primitive thrills and fears, whether it’s being poled by an African gondolier in a mokoro past pods of sunbathing hippos in the Okavango Delta; or feeling the spirit of the first men in the thousand-year-old rock art in the Tsodilo hills; or in the eerie beauty of Kubu Island’s ancient baobabs backlit by incandescent constellations in a vast night sky,” the book expressed.

Lonely Planet’s Best in Travel 2016 contributor, Tom Hall, explained, “Botswana has remained off the radar for most people, who believe it’s too expensive, too difficult to get to or doesn’t cater for families. But that isn’t true. Go now! Go in the green season or go in the dry season – at any time of year, this stunning country is just waiting to be explored.”

Japan was credited as a country that pays such vivid tribute to manic modernity and hallowed history, while USA came third thanks to “some of the most spectacular and surreal landscapes on the planet,” and to “being a road-tripping paradise” where you can “watch the landscape morph from prairie to desert to breathtaking ocean road.”

Other countries on the top 10 list are Palau, Latvia, Australia, Poland, Uruguay, Greenland and Fiji respectively.

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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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