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Botswana’s milk production low – Minister

Minister of Agriculture Patrick Ralotsia

The Ministry of Agriculture (MOA) is concerned by the low milk production experienced in the local diary sector. This is despite dairy being among commodities prioritised under the Economic Diversification Drive (EDD).

MOA revealed that out of the national demand of 60 million litres, the country is only able to produce 3 million litres locally. From 1st April 2014 to 31st March 2015, Botswana dairy farmers produced 3 091 952 liters valued at P15.6 million (the average production being 11 liters per cow in a day).

The ministry also stated that, simultaneously, 60 million liters were imported from South Africa at a cost of P212.9 million.  It is understood that there are approximately 3 700 dairy cattle in the country with 940 being milking cows, 830 dry cows and the remaining 1 930 being young animals.

According to Minister of Agriculture Patrick Ralotsia, there are myriad reasons why the country is not doing well in the sector, some of which he explains, are beyond the country’s control whereas some of the factors can be dealt with.

Ralotsia addressed the Letsema Forum held on Thursday in Maun.

“Among the challenges that cause the collapsing of dairy projects in the district is, lack of dairy feeds, failure to use farm AI and the general poor management practices, failure to produce own fodder,” states the Minister.
 It also understood that there is lack of dairy policy and integrated regulatory framework to guide development of the sector. Limited applied research and development and inadequate extension services and lack of skills in the dairy industry as a whole.

To help facilitate developing dairy production in the country, government has come up with a strategy. The strategy is made of seven pillars being: “Well Functioning Value Chain and Clusters, Strategic Dairy Farm Areas, Strategic Fodder Production Zones, Appropriate Dairy Support Infrastructure, Availability of Dairy Cattle, Enabling Environment for the Dairy Sector and The Dairy Market Access.”

In June 2013, Cabinet approved the Dairy Development Strategy with an objective to transform the dairy sector into a viable, competitive and profitable industry.

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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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