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How Botswana can bank water for times of crisis

Botswana is a semi-arid country with low rainfall. With climate change this has worsened and like all African countries water has become their most valuable commodity.

There are four pillars holding up developing economies in Africa – business, agriculture, mining and industry – and all four are very dependent on an uninterrupted water supply. There is no question that money needs to be spent on a system that builds a continuous reserve of water so that there is never an interruption in supply.

Water tanks have become a valuable and integral part of that system in Botswana. They operate the same as a savings account, saving water for times of crisis.

Abeco is the first water tank supplier to call their tanks water banks for the business of water.

The company was founded in the 1980s to solve the challenges faced by private and public entities when there is an interruption in their water supply. Abeco Tanks has been leading the way in the development of these water storage solutions. Their tanks are constructed out of high-grade quality steel that protects the water inside from penetrating UV rays ensuring it remains hygienic and drinkable.

They are used in a variety of different environments – as fire tanks for sprinkler systems, and for storing potable water for businesses, communities, schools, manufacturing plants and hospitals. They can also store gravel and industrial materials.

Choosing a water tank supplier

Purchasing a water tank must be considered as a long-term investment which is why it should be done with a lot of care and consideration.

Below are the most important points to consider:

Saving water is a necessary long-term investment

No costs can be cut when building a water tank. It needs to be built out of good quality steel that allows no sunlight to penetrate through into the water allowing a build-up of algae. The water needs to be kept hygienic inside the tank. The steel also needs to be high-grade and strong so that no corrosion or cracks can appear over time.

Support and maintenance after the installation of a water tank is extremely important. It is vital to look into the history of the chosen company to make sure it will be around for the long haul.

Customer service, advice and consultation

It is important to choose a company that will consider the business relationship as a long-lasting one.

It is not just a matter of ordering a water tank. The company needs to be consulted to help select the correct solution to meet the need of the purchaser.

Price alone is not a factor in choosing the right company. Reputation is extremely important.

Purchasing the correct size water tank to fit

Water tanks are not only square, circular or rectangular. They can also be custom designed and manufactured to fit into the space available, taking into account any restrictions or obstructions.

The selected company must be able to identify your specific requirements to be able to design, manufacture and install the water tank that fits the space you have available.

Why choose Abeco?

Abeco has been building world-class cost-effective water tank solutions for nearly 40 years without compromising their durability, quality, safety and hygiene. Their tanks are built to last for up to 40 years.

The steel used for the tanks is put through a high-yield stress test which ensures the quality of the steel. All of the steel parts used in the building of their tanks are galvanized and each steel panel is individually punched and pressed for dimensional accuracy.

The Abeco tanks are modular in design making them easy to transport and install not needing any heavy complicated equipment. This means they are suitable for installation in out-of-the-way places like rural communities.

They can be built in different sizes and shapes rectangular, circular, U-shaped, L-shaped or custom shaped to accommodate available space. They can also be on the ground or elevated and are capable of holding up to 50 million litres of water used for drinking, industrial and agricultural water supply.

Abeco has been trusted by many clients the world over to build long-lasting durable water tanks. They have built a reputation for being reliable and there for support and maintenance when called upon.

They operate in over 35 countries worldwide including the Middle East, Central America, Seychelles, Mauritius, Madagascar and the African continent.

They are a privately owned family business together with equity stakeholder and funding partners, Global Capital empowerment fund and Private Capital. Their reputation has stood the test of time making them the best partner for banking water in Africa.

Also read: Mzwinila pumps P4.5 billion into water projects

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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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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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