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Learning your way to success


The world is changing quick and fast and so must we, lest we overtaken by events. Learning is no longer an option if you are in pursuit of success. The quality of your decision making corresponds with how much relevant information you have at your disposal.


The more information you have the more likely you are to make a quality decision and the converse is true. Learning empowers the mind and the more and more we learn the more and more we enhance our brain power.  Learning widens your mind and imaginations and brings within our mindframe what in the past would have been unthinkable.


 Business leaders have been forced to change the way they think.


As Napoleon Hill popular adage goes “what the mind of a man can conceive it can achieve” it underscores research that show that, our response to the stimuli is deeply connected to our past. Our past is nothing than just a “body of knowledge” inscribed in both our conscious and sub-conscious mind. If we do not learn we will always respond to stimuli in the same manner.


Learning re-engineers the way we think, positions us to respond effectively to new challenges and inscribes into our subconscious new information that helps us respond in a particular way. Learning cannot be through formal means only, there are thousands and thousand resources which enables access to vast information and learning resources.


Audio on how to be productive, how to be a millionaire, the seven habits of highly effective people etc. can turn your car into a learning resource. Instead of complaining about the traffic situation, you have got the greatest opportunities to boost your mind with knowledge through audio CDs as you meander through peak hour traffic jams. There are just so many ways to empower yourself with new knowledge if you want to be successful.


You cannot be successful if you do not do what other successful do. Despite the billions of dollars that Bill Gates has amassed, today he still reads before he goes to sleep as an ongoing habit. If you want to be success you cannot stop learning.   


If you close your mind to learning then you are effectively closing your door to new opportunities. You will then operate within the same borders of knowledge and fail to avoid common mistakes or acquire new knowledge. While basic entrepreneurship principles has remained the same from the era of Warren Buffet to the era of Mark Zuckeburg; new technologies, new leadership methods, new employees have brought a new twist into modern business operations.


We have moved from the era of manpower to the era of mindpower. We no longer celebrate physical muscles but we celebrate brain muscle. Thoughts largely determine who we become. If we continually think of ourselves as destined to success we open ourselves to opportunities that are in consonance with our thoughts. And the good thing is that we can learn to control what we think about most of the time.


Learning improves our mind power, challenges us to think of new ideas, new ways and in the process we exercise our brain and improve our intellectual capacity. The greatest obstacle to human improvement is the inability to recognize that learning is important to human progress. Think of the new inventions, innovations, systems, improvements that are results of dedicated learning.


The world rejects people who refuse to learn and they regress as their peers’ progress. Your aim should be in the top ten percent of the best paid people in your field. You can only achieve that if you are committed to learning and learning.


An open mind provides a fertile ground for planting new knowledge; and enthusiastic learners are likely to retain knowledge as opposed those who grumble about training as a waste of time. Remember the biblical story of seeds that were planted on barren land and fertile land?


It is really the same if you open your mind to learning you are the fertile soil and you will reap the rewards of a good harvest. Unfortunately if you are anti-learning you will harvest nothing but it really comes to an individual choice.


The truth is that if you are not going to learn then you will not improve. You will remain in the same job that you have been for years and years with very little compensation. You will become an employee of compassion; an employee of compassion is an employee that the company keeps because if they are fired they will never be hired by somebody else.


If you learn you increase your value and become an employee in demand. Your worth skyrockets everyday because your commitment to learning greatly improves your abilities, skills and your decision making is on-point. Your influence in the company will grow and your chances of ascending up the ladder are double.


Start improving yourself today, read magazines linked to what you do, read books and listen to audio CD’s in your car and never miss an opportunities of seminars and conferences that are relevant to your line of work.

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Business

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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Business

Global CEOs Back Plan to Unlock $3.4 Trillion Potential of Africa Free Trade Area

23rd January 2023

African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA).

AfCFTA: A New Era for Global Business and Investment in Africa outlines high-potential sectors, initiatives to support business and investment, operational tools to facilitate the AfCFTA, and illustrative examples from successful businesses in Africa to guide businesses in entering and expanding in this area.

The report aims to provide a pathway for global businesses and investors to understand the biggest trends, opportunities and strategies to successfully invest and achieve high returns in Africa, developing local, sub-regional and continental value chains and accelerating industrialization, all of which go hand in hand with the success of the AfCFTA.

The AfCFTA is the largest free trade area in the world, by area and number of participating countries. Once fully implemented, it will be the fifth-largest economy in the world, with the potential to have a combined GDP of more than $3.4 trillion. Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment, and boost overseas exports by a third, double intra-continental trade, raise incomes by 8% and lift 50 million people out of poverty.

To ease the pain of transition to its new single market, Africa has learned from trade liberalization in North America and Europe. “Our wide range of partners and experience can help anticipate and mitigate potential disruptions in business and production dynamics,” said Børge Brende, President, and World Economic Forum. “The Forum’s initiatives will help to ease physical, capital and digital flows in Africa through stakeholder collaboration, private-public collaboration and information-sharing.”

Given the continent’s historically low foreign direct investment relative to other regions, the report highlights the sense of excitement as the AfCFTA lowers or removes barriers to trade and competitiveness. “The promising gains from an integrated African market should be a signal to investors around the world that the continent is ripe for business creation, integration and expansion,” said Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum.

The report focuses on four key sectors that have a combined worth of $130 billion and represent high-potential opportunities for companies looking to invest in Africa: automotive; agriculture and agroprocessing; pharmaceuticals; and transport and logistics.

“Macro trends in the four key sectors and across Africa’s growth potential reveal tremendous opportunities for business expansion as population, income and connectivity are on the rise,” said Wamkele Mene, Secretary-General, AfCFTA Secretariat.

“These projections reveal an unprecedented opportunity for local and global businesses to invest in African countries and play a vital role in the development of crucial local and regional value chains on the continent,” said Landry Signé, Executive Director and Professor, Thunderbird School of Global Management and Co-Chair, World Economic Forum Regional Action Group for Africa.

The Forum is actively working towards implementing trade and investment tools through initiatives, such as Friends of the Africa Continental Free Trade Area, to align with the negotiation process of the AfCFTA. It identifies areas where public-private collaboration can help reduce barriers and facilitate investment from international firms.

About the World Economic Forum Annual Meeting 2023

The World Economic Forum Annual Meeting 2023 convenes the world’s foremost leaders under the theme, Cooperation in a Fragmented World. It calls on world leaders to address immediate economic, energy and food crises while laying the groundwork for a more sustainable, resilient world. For further information,

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Business

Electricity generation down 15.8%

9th January 2023

Electricity generation in Botswana during the third quarter of 2022 declined by 15.8%, following operational challenges at Botswana Power Corporation’ Morupule B power plant, according to Statistics Botswana Index of Electricity Generation (IEG) released last week.

The index shows that local electricity generation decreased by 148,243 MWH from 937,597 MWH during the second quarter of 2022 to 789,354 MWH during the third of quarter of 2022.

This decrease, according to the index, was mainly attributed to a decline in power supply realized at Morupule B power station. The index shows that as a result of low power supply from the plant, imported electricity during the third quarter of 2022 increased by 76.3 percent (123,831 MWH), from 162,340 MWH during the second quarter of 2022 to 286,171 MWH during the current quarter and Statistics Botswana added that the increase was necessitated by the need to augment the shortfall in generated electricity.

In the index Statistics Botswana stated that Eskom was the main source of imported electricity at 42.0 percent of total electricity imports. “The Southern African Power Pool (SAPP) accounted for 38.4 percent, while the remaining 10.1, 9.1 and 0.5 percent were sourced from Electricidade de Mozambique (EDM), Cross-border electricity markets and the Zambia Electricity Supply Corporation Limited (ZESCO), respectively. Cross-border electricity markets are arrangements whereby towns and villages along the border are supplied with electricity from neighbouring countries such as Namibia and Zambia.”

The government owned statistics entity stated that distributed electricity decreased by 2.2 percent (24,412 MWH), from 1,099,937 MWH during the second quarter of 2022 to 1,075,525 MWH during the third quarter of 2022. The entity noted that electricity generated locally contributed 73.4 percent to electricity distributed during the third quarter of 2022, compared to a contribution of 85.2 percent during the third quarter in 2022 and added that this gives a decline of 11.8 percentage points. “The quarter-on-quarter comparison shows that the contribution of electricity generated to electricity distributed decreased by 11.8 percentage points compared to the 85.2 percent contribution during the second quarter of 2022.”

Statistics Botswana meanwhile stated that the year-on-year analysis shows some improvement in local electricity generation. Recent figures from entity show that the physical volume of electricity generated increased by 36.3 percent (210,319 MWH), from 579, 036 MWH during the third quarter of 2021 to 789,354 MWH during the current quarter. According to Statistics Botswana electricity generated locally contributed 73.4 percent to electricity distributed during the third quarter of 2022, compared to a contribution of 57.7 percent during the same quarter in 2021. This gives an increase of 15.7 percentage points.

 

The entity noted that trends also show an increase in physical volume of electricity distributed from 2013 to the third quarter of 2022, thereby indicating that there are ongoing efforts to meet the domestic demand for power. “There has been a gradual increase of distributed electricity from the first quarter of 2013 to the third quarter of 2022, even though there are fluctuations. The year-on-year perspective shows that the amount of distributed electricity increased by 7.2 percent (71,787 MHW), from 1,003,738 MWH during the third quarter of 2021 to 1,075,525 MWH during the current quarter.”

The statistics entity noted that year-on-year analysis show that during the third quarter of 2022, the physical volume of imported electricity decreased by 32.6 percent (138,532 MWH), from 424,703 MWH during the third quarter of 2021 to 286,171 MWH during the third quarter of 2022. “There is a downward trend in the physical volume of imported electricity from the first quarter of 2013 to the third quarter of 2022. The downward trend indicates the country’s continued effort to generate adequate electricity to meet domestic demand, hence the decreased reliance on electricity imports.”

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