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Boitekanelo gives back to Tlokweng village

Students of Tlokweng based Boitekanelo College used their Friday morning this week, to show compassion for economically disadvantaged and disabled as well as to conduct a cleanup drive in the village.

The chilly morning weather did not perturb the large attendents of the corporate social initiative, who gathered at the Tlokweng village kgotla.

Welcoming guests at the kgotla, Batlokwa deputy chief, Spokes Gaborone was emphatic about the changed landscape of the village since the arrival of Boitekanelo. “We the Batlokwa pride ourselves on Boitekanelo College,” said Kgosi Gaborone.

College Principal Isabella Magetse said that the intention of the institution had always been to connect and interact with the village but constraints such time and resources have made it difficult to achieve.

Magetse said that the two groups of students that participated in the initiative were made up of health workers from rural areas, who had come to the College to train and get certification, after the institution liaised with the Ministry of Health to address the shortage of health workers in the country.

The second group entailed mainly form five school leavers, together with handicapped students who were brought in to train in health care, facilitated by the Ministry of Youth Sport and Culture. 

The beneficiaries of the food stuffs, blankets and a wheelchair, were chosen after a fact finding mission.

 Olerato Nkwe a sixteen year old boy, is a paraplegic; he is immobile and cannot talk or move without assistance. He can only sleep all the time. He was given a wheel chair by Boitekanelo College.

Kelebogile Mokibe is a forty seven (47) year old single mother of two, who uses crutches as to move around. Kelebogile has only one leg and us unemployed.

Baratang Kgomo, a young woman of eighteen (18) years old, who went blind after a botched surgical operation and her single mother is unemployed.

Khumo Kompone, twenty six (26) is wheel chair bound and his mother is unemployed.

In late 2014, the eight year old college moved to a new P25 million facility located on the outskirts of Tlokweng. As a strategy to enter the market, the College came up with healthcare related programmes that were not offered by the mainstream public institutions, the Institutes of Health Sciences. This has since helped to place Boitekanelo among the premier health care training institutions not only in Botswana, but in the region.

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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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