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BTCL and Vodafone seal a managed outsourcing partnership agreement

Patel and Taylor (right) sealing the deal. Witnessing the signing ceremony are BTCL general managers, Christopher Diswai (left) and Kaelo Radira.

Botswana Telecommunications Corporation Limited (BTCL) and Vodafone have signed a managed outsourcing agreement which facilitates the provision of international voice and SMS termination services through Vodafone’s Carrier Services (VCS) division, with the scope to offer more international services in the future.

Through the outsourcing agreement, BTCL and beMOBILE customers will now enjoy higher quality services and greater international reach with more countries and networks connected the world over.

"We are extremely excited by the Vodafone Partnership; our customers will experience world class service. The partnership with the world's number #1 international voice carrier is part of a drive to becoming simply the best and delighting our customers.  

These services are provided as part of the Partner Markets Agreement signed earlier in the year and are among a number of significant opportunities that agreement offers us." said BTCL Managing Director Paul Taylor, during the signing ceremony at BTCL headquarters in Gaborone.

By connecting its network to the Vodafone global network, Taylor said, BTCL customers will enjoy better quality service when they call or send short messages to their friends, families and business associates globally.
 
Vik Patel, Vodafone’s Regional Executive, Partner Markets, Africa said at the partnership signing ceremony, “This agreement furthers our relationship with BTCL and ensures their customers can benefit directly from Vodafone’s scale as the largest international voice carrier.”

The Partner Markets Agreement signed in March 2015 is a non-equity arrangement through which, BTCL became Vodafone’s preferred partner in Botswana. BTCL will, amongst other world class capabilities, also be able to enhance its customer proposition in Botswana with Vodafone’s international managed services provided through VCS.

About BTCL
Botswana Telecommunications Corporation Limited (BTCL) is a leading ICT services provider in Botswana. It has a telecommunications infrastructure that is one of the most modern in Africa, with a network composed of an all-digital microwave, fibre optic systems and digital exchanges. beMOBILE, the mobile arm of BTCL, was established in 2008. It has the widest network coverage in Botswana reaching almost 90% of the population.

For more information please visit: www.btc.bw

About Vodafone
Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 55 more, and fixed broadband operations in 17 markets. As of 30 June 2015, Vodafone had 449 million mobile customers and 12 million fixed broadband customers.

For more information, please visit: www.vodafone.com.

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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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Business

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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