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Botswanas Vulnerability to Climate Change

Botswana is considered highly vulnerable to climate susceptibility and change due to its high dependence on rain-fed agriculture and natural resources, high levels of poverty- particularly in rural areas, and a low adaptive capacity to deal with these expected changes.

According to local research, primary challenges are centered on water resource availability, changing precipitation patterns and increasing population demands. Climatic and socio-economic environments in semi-arid areas in Botswana make communities vulnerable to food insecurity and unstable livelihoods as well as unsustainable agro-ecological systems, crop failure and unproductive rangelands.

The country is believed to be net sink for greenhouse gases, since emissions resulting from the burning of fossil fuels in Botswana in 1994 were small and were more than balanced by a net increase in the size and number of trees. The greenhouse gases reported are carbon dioxide, methane and nitrous oxide. Excluding the uptake of carbon dioxide through tree growth in Botswana, the climate changing effect of the emissions are 52% due to carbon dioxide, 33% due to methane and 16% due to nitrous oxide, and the sum is equivalent to about 0.02% of the global anthropogenic emission. The origin of the carbon dioxide equivalent emissions in 1994 was as follows, 57% agriculture, 17% electrical power generation, 10% mining and industry, 8% transport, 3% domestic heating and cooking and 1% government.

The plan builds on progress already made in Botswana to suggest finance solutions that expands the countrys biodiversity finance agenda. Further the plan makes recommendations for financing the implementation of National Biodiversity Strategy and Action Plan, said Honorable Philda Kereng, Minister of Environment, Natural Resources Conservation and Tourism.

Climate change is likely to bestow substantially to food insecurity in the future, by increasing food prices, and reducing food production. Food may become more expensive as climate change mitigation efforts increase energy prices. Water required for food production may become scarcer due to increased crop water use and drought. Competition for land may increase as certain areas become climatically unsuitable for production. In addition, extreme weather events, associated with climate change may cause sudden reductions in agricultural productivity, leading to rapid price increases. For example, heat waves in the summer of 2010 led to yield losses in key production areas. These rising prices forced growing numbers of local people into poverty, providing a sobering demonstration of how the influence of climate change can result in food insecurity.

Climate change has impacted the water sector through reduced rainfall, increasing temperatures and recurrent heat waves result in high evaporation rates and drying up of available surface water resources, says Dr. Keabile Tlhalerwa, Botswana Global Change Committee, University of Botswana. The growing number and impact of extreme weather events has also led to increasing awareness in the extractives industries of the potential negative impacts of climate change.

The mining industry has started thinking about their own vulnerabilities and the risks climate change could pose. However, there has been little research and political debate that takes a more comprehensive look at the links between climate change and mining. Climate Change and Mining. A Foreign Policy Perspective tries to fill this gap by shedding some light on these links and providing an overview of the complex challenges around extractive resources in the context of climate change.

Higher incidences of heat stroke amongst people and general poor health due to rising temperatures and lack of thermal comfort still remains an issue as well, says Dr. Tlhalerwa. Despite progressive action on climate change by both governments and companies, temperatures will still result in 3.3C of warming by 2100, according to the UN Intergovernmental Panel on Climate Change, which exceeds the 1.5C threshold to avoid climate change impacts. It is, however, clear that even with efforts to reduce greenhouse gas emissions we cannot avoid all the consequences of climate change.

This creates a number of business risks, which is of particular concern for those in the manufacturing industry who may have premises or suppliers in climate-vulnerable zones. The threat from climate change creates a number of physical and operational risks from extreme weather events, such as flooding, extreme temperatures, and increasingly frequent storm and hurricane events. For manufacturers who often have their products embedded in complex supply chains or operations across the globe, climate change is a significant risk to business operations.

Increased human-wildlife conflict as wild animals encroach on human-occupied spaces in search of forage or water or destroy water installations is a case. Proliferation of the malaria-carrying mosquitoes to Southern Botswana due to an increase in temperature, rainfall and humidity is also a concern at the moment due to climate change, concludes Dr. Tlhalerwa.

Climate change considerations in Botswana are championed by the National Committee on Climate Change and representatives from government departments and ministries, non-governmental organizations and the private sector regularly meet to discuss climate change issues and the possible impacts in various sectors.

Whilst there is no dedicated policy to respond to climate change in Botswana, the potential for future climate change and the associated environmental threats is acknowledged in the National Development Plan. Climate change issues are addressed in a combination of different policy areas with a common focus on sustainable growth. Specific climate adaptation and mitigation policies are already in place in some sectors, such as the strong governmental support for solar energy technologies in the energy sector.

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BTC launches the 3rd Francistown Marathon 2024 and handover proceeds to the 2nd Francistown Marathon beneficiaries

8th December 2023

Botswana Telecommunications Corporation Limited (BTC) has announced that its 3rd Francistown Marathon will be held on Saturday 20th April 2024 at Obed Itani Chilume Stadium in Francistown. The BTC Francistown Marathon is officially recognised by World Athletics and a Comrades Marathon Qualifier will offer race categories ranging from 42.2km, 21.1 km, 10km, 5km fun run, 5km peace run for children and has introduced a 5km and 10km categories for wheelchairs athletics.

BTC also used this opportunity to announce beneficiaries who received donations from proceeds made from the 2nd BTC Francistown Marathon that was held on April 23rd 203.  BTC donated a play area, plastic chairs and wooden tables for pupils worth a total of thirty eight thousand, one hundred and three pula, fifty thebe each (P38, 103.50) to Monarch Primary School, Tatitown Primary School, Mahube Primary School and Gulubane Primary School. Ditladi and Boikhutso clinics each received a donation of benches, television sets and 10, 000 litre water tanks worth thirty seven thousan, eight hundred and ninety eight pula (P 37, 898.00). Additionally, BTC also donated seventy thousand pula (P70,000.00) to their marathon technical partner, Francistown Athletics Club (FAC) which will be used for daily operations as well as to purchase equipment for the club.

The BTC Francistown Marathon aligns seamlessly with BTC’s corporate social investment programme, administered through the BTC Foundation. This programme is a testament to BTC’s dedication to community development, focusing on key areas such as health promotion. The marathon, now in its third year, not only promotes a healthy lifestyle but also channels all proceeds to carefully chosen charities as part of BTC’s commitment to impactful and sustainable projects.

Speaking at the launch, the BTC Managing Director Mr Anthony Masunga stated that the marathon underscores BTC’s commitment to community upliftment and corporate social investment. He stated that “the annual event which has been in existence since 2016, having taken a break due to the covid and other logistical issues, is instrumental to the economic upliftment of the city of Francistown”. He congratulated all the beneficiaries for having been nominated to receive the donations, adding that “the donation of proceeds from the 2023 marathon aims to highlight BTC’s commitment and heart for Batswana and our continued impact in the different industries”.

He further stated that through this marathon, “we demonstrate our steadfast commitment to having a good influence on our communities, this event is a manifestation of our dedication to promoting education and a healthier, more active society”.  He concluded by stating that “BTC looks forward to another successful marathon that will leave a lasting positive influence on the greater Francistown community and the country at large” he said.

Giving welcome remarks, the Councillor for Donga, Honourable Morulaganyi Mothowabarwa stated that “he is ecstatic that BTC is collaborating with the City of Francistown on yet another installment of the Marathon”. He continued to offer his support to BTC to enable this marathon to continue over the coming years, stating that the “CSI element is a welcome development that helps empower our communities”, he said.

The 3rd BTC Francistown Marathon is officially open for registrations and athletes may use the following platforms to register and pay; through Smega by dialling *173# and choosing opton 5, then choose Option 3 for the Francistown marathon, at any BTC store or by visiting the BTC website and clicking on the BTC Francistown Marathon and choosing the relevant options.

 

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Letsholo lauds President Masisi’s digitization in fight against corruption

8th December 2023

Thapelo Letsholo, Member of Parliament for Kanye North, delivered a moving speech at the United Nations International Anti-Corruption Day commemoration, praising President Dr. Mokgweetsi Eric Keabetswe Masisi’s digitalization initiative in the fight against corruption. Letsholo highlighted the importance of embracing digitalization in governance as a crucial step in curbing corrupt practices.

According to Letsholo, the implementation of digital systems in government services can significantly reduce direct interactions between citizens and officials, which often serve as fertile grounds for corruption. By minimizing these opportunities for illicit activities, the efficiency and transparency of public services can be enhanced. Letsholo pointed to Estonia’s success in digital governance as an example, where public services have become more transparent, accessible, and efficient.

The MP commended President Masisi’s commitment to digitalization and E-Governance, emphasizing that it aligns with global anti-corruption standards. He called for full support and active participation from all sectors to ensure the success of this initiative.

Letsholo also stressed the importance of improving detection methods and refining whistleblower laws to effectively combat corruption. He highlighted the unseen and unspoken facets of corruption as its lifelines, emphasizing the need for robust detection mechanisms and a system that encourages and protects whistleblowers.

Addressing the societal role in fighting corruption, Letsholo focused on the crucial role of everyday citizens and civil servants who often witness corrupt practices firsthand. He acknowledged the existing reluctance to report corruption due to the perceived risks of repercussions. To change this narrative, Letsholo advocated for creating an environment where staying silent is deemed more detrimental than speaking out. He called for a cultural shift where the potential benefits of exposing corruption outweigh the risks, ensuring that whistleblowers are protected and feel secure in coming forward.

Letsholo called for collective responsibility and action in creating a system that not only detects and reports corruption but also supports those who stand against it. He expressed hope that under President Masisi’s digitalization initiatives, the future of governance in Botswana will be characterized by integrity, transparency, and accountability. Letsholo’s speech resonated with the sentiments of hope and determination that permeated the commemoration, emphasizing the need for unity in the fight against corruption.

In summary, Letsholo lauded President Masisi’s digitalization initiative in the fight against corruption, highlighting its potential to curb corrupt practices, enhance efficiency and transparency in public services, and align with global anti-corruption standards. He emphasized the importance of improving detection methods, refining whistleblower laws, and creating an environment where speaking out against corruption is encouraged and protected. Letsholo called for collective responsibility and action in creating a future characterized by integrity, transparency, and accountability in governance.

 

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FaR property assets value clock P1.47 billion

6th December 2023

FaR Property Company (FPC) Limited, a property investment company listed on the Botswana Stock Exchange, has recently announced its exceptional financial results for the year 2023. The company’s property asset value has risen to P1.47 billion, up from P1.42 billion in the previous year.

FPC has a diverse portfolio of properties, including retail, commercial, industrial, and residential properties in Botswana, South Africa, and Zambia. The company owns a total of 186 properties, generating rental revenues from various sectors. In 2023, the company recorded rental revenues of P11 million from residential properties, P62 million from industrial properties, and P89 million from commercial properties. Overall, the company’s total revenues increased by 9% to P153 million, while profit before tax increased by 22% to P136 million, and operating profit increased by 11% to P139 million.

One notable achievement for FPC is the low vacancy rate across its properties, which stands at only 6%. This is particularly impressive considering the challenging trading environment. The company attributes this success to effective lease management and the leasing of previously vacant properties in South Africa. FPC’s management expressed satisfaction with the results, highlighting the resilience of the company in the face of ongoing macroeconomic challenges.

The increase in profit before tax can be attributed to both an increase in income and effective control of operating expenses. FPC managed to achieve these results with fewer employees, demonstrating the company’s efficiency. The headline earnings per linked unit also saw an improvement, reaching 26.92 thebe, higher than the previous year.

Looking ahead, FPC remains confident in its competitiveness and growth prospects. The company possesses a substantial land bank, which it plans to develop strategically as opportunities arise. FPC aims for managed growth, focusing on consumer-driven developments and ensuring the presence of supportive tenants. By maintaining this approach, the company believes it can sustainably grow its property portfolio and remain competitive in the market.

In terms of the macroeconomic environment, FPC noted that inflation rates are decreasing towards the 3% to 6% range approved by the Bank of Botswana. This is positive news for the company, as it hopes for further decreases in interest rates. However, the fluctuating fuel prices, influenced by global events such as the war in Ukraine and oil output reductions by Russia and other Middle Eastern countries, continue to impact businesses, including some of FPC’s tenants.

FPC’s property portfolio includes notable assets such as a shopping mall in Francistown with Choppies Hyper as the anchor tenant, Borogo Mall located on the A33 main road near the Kazungula ferry crossing, and various industrial and commercial properties in Gaborone leased to Choppies, Senn Foods, and Clover Botswana. The company also owns a shopping mall in Mafikeng and Rustenburg in South Africa.

The majority of FPC’s properties, 85%, are located in Botswana, followed by 12% in South Africa and 3% in Zambia. With its strong financial performance, competitive position, and strategic land bank, FPC is well-positioned for continued growth and success in the property market.

 

 

 

 

 

 

 

 

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