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Domestic movements dominate the skies in Q3

Statistics Botswana has said the nation’s air space witnessed an increase in both domestic and international aircraft movements in the third quarter of 2014. Data released this week by the organization headed by Dr Burton Mguni revealed that aircraft movement saw an increase of 9.4 percent from 22,735 in Q2 2014 to 24,870 movements in Q3.When compared to the same quarter of the previous year (Q3 2013) there was a 0.4 percent decrease in aircraft movements.

Domestic movements dominated the movements in Q3 when compared to International movements. In the quarter under review, domestic aircraft movement contributed 78.4 percent of the total aircraft movements while international aircraft movements accounted for the remaining 21.6 percent.

According to SB there was an increase for both International and Domestic movements when compared to the previous quarter, Q2 2014; International movements grew by 6.6 percent while domestic movements increased by 10.2 percent.

Out of 28,870 movements recorded in Q3 2014, 79.6 percent of those movements were non-scheduled while 16.7 percent and 3.6 percent of the movements were scheduled and private respectively.

Fifty point two percent of the Scheduled movements were departures and 74.6 percent of these were international movements. Non-scheduled departures contributed 39.8 percent of the total aircraft movements.

In domestic movements, non-scheduled movements contributed 45.8 percent of the total domestic movements and made 90.1 percent of the total non-scheduled departures.

According to SB, of the five airports the Maun airport was the busiest with 59.7 percent of the total aircraft movements and 36.1 percent of these movements were recorded during the month of August 2014.

The months of July and September 2014 contributed 32.6 percent and 31.3 percent of the total aircraft movements respectively.

Kasane airport followed with 19.0 percent, where the month of August 2014 recorded 32.0 percent and September 2014 recorded 32.3 percent of aircraft movements. Ghanzi airport recorded the least number of aircraft movements contributing only 0.25 percent, of which 28.6 percent and 41.3 percent of the aircraft movements were realized in the month of August 2014 and September 2014 respectively.

SB noted that in Q3 2014, out of the five airports, Gaborone airport handled most of the international traffic at 58.3 percent. Maun airport handled mostly domestic traffic, accounting for 93.1 percent of total traffic. Compared to the preceding quarter, Q2 2014, Francistown, Selibe Phikwe and Ghanzi airports recorded a decrease of 7.0 percent, 3.4 percent and 3.1 percent respectively in aircraft movements.

Gaborone and Maun airports both recorded an increase of 6.5 percent in aircraft movements. Compared to Q3 2013, Gaborone and Kasane airports recorded increases in aircraft movements of 9.4 percent and 3.0 percent respectively with Maun, Francistown, Selibe Phikwe and Ghanzi recording decreases of 3.0, 4.8, 13.6 and 19.2 percent 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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