Search Results for: Botswana

The Financial Action Task Force (FATF) has unveiled plans to upgrade its recommendation 24 on transparency and beneficial ownership, stressing how the Pandora papers leaks confirmed the ML vulnerabilities posed by anonymous shell companies and other pro-secrecy arrangements.  In its proposals, FATF wants all countries to ban the issue of bearer shares and establish a beneficial ownership registry, “or use an alternative system that also enables efficient access to beneficial ownership information by competent authorities”.…

South Africa’s dairy sector has been dealing with a triple whammy of low economic growth, the Covid-19 pandemic, and a spate of unrest in July in parts of the country that caused major damage to retail outlets and the spoilage and wastage of up to 1 million litres of milk.…

IT is maybe not a common occurrence for the tobacco industry to find itself on the right side of judicial rulings, but in December, South Africa’s Western Cape High Court ruled that a four-and-a-half month national ban on sales of tobacco products, justified to prevent the spread of Covid-19, had been unconstitutional.…

The cutting edge IT field of quantum computing is developing across Africa, with South Africa considered the hub, in part through an IBM centre in Johannesburg that enables academics throughout the continent to freely access its quantum computer network, based in the USA, through the cloud.…

IF there was a sub-Saharan African country expected to steer a middle course between World Health Organisation (WHO) demands on smoking and protecting a stable and prosperous tobacco industry and market, it would surely be relatively wealthy Botswana – with an average per capital income in 2018 USD7,750.…

AFRICA is commonly hailed as the world’s next big focus of economic growth, but for the civil aviation industry, this prospect will require significant investment in new intra-African routes and related airport and ATC infrastructure. It will also require governments to remove immigration barriers preventing African air travellers flying to other countries on their home continent.…

Botswana looks set to boost southern African copper supplies with Khoemacau Copper Mining Pty. (Ltd), a subsidiary of a US-based company, Cupric Canyon Capital, planning to open a mine in the country’s Kalahari copper belt.

The planned mine has an initial annual production of 62,000 tonnes of copper (and 1.9 million ounces of silver), with managers hoping to increase yearly production to over 100,000 tonnes of copper and three million ounces of silver.…

AS government authorities in Botswana envisage seeing their country becoming an education hub for southern Africa, colleges within the country are steadily transforming themselves into universities.

Over the past 19 years, four colleges have evolved into fully-fledged universities – two private; two public.…

Gosego Motsamai, the new managing partner and country manager at KPMG Botswana, has blazed a trail by being the first woman to secure such a post in a Big Four firm within this dynamic emerging market country.

With 23 years’ experience, Motsamai still brims with passion for the profession and often works late into the evening to ensure deadlines are met, a tidy habit she has developed from her early days as an accountant.…

AFRICA is without doubt the continent to watch for airport and air traffic control investment in the future. It is the world’s second most populous continent (home to more than 1.2 billion people), and according to Airports Council International (World) – ACI World – Africa was the fastest growing region for air passenger traffic in 2017 and 2018, which rose 6.3% in 2017 year-on-year and 10.8% in 2018 to June year-to-date, year-on-year.…