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Botswana

Botswana: Debswana, Majwe Mining Extend Deal

Gaborone — Debswana Diamond Company and Majwe Mining Joint Venture have signed a two-year contract extension to cover the period 2017 and 2018. The Minister of Mineral Resources, Green Technology and Energy Security, Advocate Sadique Kebonang said this in response to a question from MP for Jwaneng/Mabutsane, Mr Shawn Ntlhaile in Parliament last week. He said the first Debswana Diamond Company and Majwe Mining Joint Venture contract started in 2011 and was initially scheduled to be completed at the end of this year.

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Ostrich Farming Lucrative Investment

Botswana is covered with sandy soil, has a hot climate and such environmental conditions contribute to the country having the largest wild ostrich population in the world. Government upon realising this nature's gift established an ostrich farm, the Dibete Ostrich Multiplication Unit (DOMU) in 2006 and started its operation in 2008. In an interview recently, department of animal production scientific officer, Mr Tapologo Ditshupo, said objective of the farm was to produce ostrich chicks and sell to farmers to establish their own farms. However, he said the idea was not fully utilised by Batswana as they occassionaly bought birds and eggs for their consumption but the initiative could be a lucrative business investment.

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Minerals Offer Opportunities

Government views the mineral sector as an opportunity for economic growth and diversification. Delivering State-of-the-Nation Address in Parliament on Monday (December 5), President Lt Gen. Dr Seretse Khama Ian Khama said economic diversification could be undertaken through promotion of further beneficiation projects as well as expansion of new non-traditional mining operations. He said there were positive developments in the energy minerals sub-sector, including issuance of a mining license to A-Cap Resources for uranium near Serule, while African Energy intended to mine coal and generate power at Sese. He also said investor confidence had increased in the diamond industry after market demand for rough diamonds improved slightly this year. "Carat sales and revenue for this year are forecast to be 65 per cent and 27 per cent respectively above 2015 as a result of improved global demand," President Khama said.

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Young Entrepreneur Wants to Conquer Business World

A young entrepreneur, Mr Oreeditse Gasebatho, is eager to conqueror the business world. Despite failing his tertiary education, Mr Gasebatho did not despair and never regarded himself as a failure. He rather viewed the catastrophe as a blessing in disguise, therefore he took the opportunity to turn himself into a renowned young business man. This saw the beginning of his enterprise, Godwin Firm, a marketing and consultancy company. Narrating events that led to the start of his business, the 24-year-old said after completing his high school education, he did not contemplate pursuing his business ideas. But his parents had already sketched a life plan for him, get a college degree then find a job. This called on Mr Gasebatho to migrate to Gaborone to start on his parents dream at Ba Isago College.

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