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BTCL on service excellence journey ahead of listing

Botswana Telecommunications Corporation Limited (BTCL), a leading Information Communications Technology (ICT) service provider in Botswana and the SADC region, has embarked on a number of projects and initiatives towards improved service delivery.

The Corporation has already invested 9 Million Euro in Mobile Network Enhancements adding thirty eight 3G sites, many which are now operational.

BTCL is   also upgrading its core network for the benefit of customers ahead of its listing. Significant other Investments include replacement of old technology to enhance capability and upgrades to its billing system.

The Company has also embarked on a customer excellence journey called Itlole. The internal service strategy or campaign is designed to raise awareness and promote service internally.

At BTCL, we believe that customer service is a responsibility of all and that effective and efficient service is a prerequisite for customer satisfaction.

 The development of a high performance culture will culminate in a number of improvements key among them clear communication to customers, improved efficiency and delivery.

As the leading ICT service provider, we aspire to be a one stop telecommunications shop that caters to all customers communications needs.
ICT is a proven socio- economic enabler, and as the nation’s foremost provider of telecommunications services, BTCL is keen to help deliver and change Botswana into a truly competitive business environment.

The continued growth of other sectors of the economy is underpinned by robust mobile, broadband and traditional telecommunications services that are provided by BTCL countrywide.

Through the Accelerating Change initiative we will automate our processes, improve our Fixed and Mobile and Converged Capability enabling us to go to market with our bundled products and service offerings quicker.

As we continue on our service excellence journey, to ensure adherence to good corporate governance, which is one of the great pillars that defines an organization, BTCL has a robust mechanism in place to ensure that it plays by the roles.

The Board of Directors, through its various committees that includes finance and audit, tender and human resources, provides oversight to ensure adherence.

The Corporation also has in place other tools to ensure compliance to procurement regulations and procedures. There are regular reviews of decisions taken at executive level, an independent and pro-active internal audit function is also in place besides engagement of external auditors on a regular basis.

As we continue work towards a successful listing for Citizen and Citizen Owned Company’s, we remain focussed on simply being the best.

Golekanye Molapisi is BTCL Public Relations Manager

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Matsheka seeks raise bond program ceiling to P30 billion

14th September 2020
Dr Matsheka

This week Minister of Finance & Economic Development, Dr Thapelo Matsheka approached parliament seeking lawmakers approval of Government’s intention to increase bond program ceiling from the current P15 Billion to P30 billion.

“I stand to request this honorable house to authorize increase in bond issuance program from the current P15 billion to P30 billion,” Dr Matsheka said. He explained that due to the halt in economic growth occasioned by COVID-19 pandemic government had to revisit options for funding the national budget, particularly for the second half of the National Development Plan (NDP) 11.

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Lucara sits clutching onto its gigantic stones with bear claws in a dark pit

14th September 2020
Lesedi La Rona

Botswana Stock Exchange (BSE) has this week revealed a gloomy picture of diamond mining newcomer, Lucara, with its stock devaluated and its entire business affected by the COVID-19 pandemic.

A BSE survey for a period between 1st January to 31st August 2020 — recording the second half of the year, the third quarter of the year and five months of coronavirus in Botswana — shows that the Domestic Company Index (DCI) depreciated by 5.9 percent.

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Botswana Diamonds issues 50 000 000 shares to raise capital

14th September 2020

Botswana Diamond PLC, a diamond exploration company trading on both London Stock Exchange Alternative Investment Market (AIM) and Botswana Stock Exchange (BSE) on Monday unlocked value from its shares to raise capital for its ongoing exploration works in Botswana and South Africa.

A statement from the company this week reveals that the placing was with existing and new investors to raise £300,000 via the issue of 50,000,000 new ordinary shares at a placing price of 0.6p per Placing Share.

Each Placing Share, according to Botswana Diamond Executives has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from, 7th September 2020, being the date of the Placing Warrants issue.

In a statement Chairman of Botswana Diamonds, John Teeling explained that the funds raised will be used to fund ongoing exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the Company.

The company is currently drilling kimberlite M8 on the Marsfontein licence in South Africa and has generated further kimberlite targets which will be drilled on the adjacent Thorny River concession.

In Botswana, the funds will be focused on commercializing the KX36 project following the recent acquisition of Sekaka Diamonds from Petra Diamonds. This will include finalizing a work programme to upgrade the grades and diamond value of the kimberlite pipe as well as investigating innovative mining options.

Drilling is planned for the adjacent Sunland Minerals property and following further assessment of the comprehensive Sekaka database more drilling targets are likely. “This is a very active and exciting time for Botswana Diamonds. We are drilling the very promising M8 kimberlite at Marsfontein and further drilling is likely on targets identified on the adjacent Thorny River ground,” he said.

The company Board Chair further noted, “We have a number of active projects. The recently acquired KX36 diamond resource in the Kalahari offers great potential. While awaiting final approvals from the Botswana authorities some of the funds raised will be used to detail the works we will do to refine grade, size distribution and value per carat.”

In addition BOD said the Placing Shares will rank pari passu with the Company’s existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 23 September 2020.

Last month Botswana Diamond announced that it has entered into agreement with global miner Petra Diamonds to acquire the latter’s exploration assets in Botswana. Key to these assets, housed under Sekaka Diamonds, 100 % subsidiary of Petra is the KX36 Diamond discovery, a high grade ore Kimberlite pipe located in the CKGR, considered Botswana’s next diamond glory after the magnificent Orapa and prolific Jwaneng Mines.

The acquisition entailed two adjacent Prospecting Licences and a diamond processing plant. Sekaka has been Petra’s exploration vehicle in Botswana for year and holds three Prospecting Licenses in the Central Kalahari Game Reserve (Kalahari) PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe.

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