Tag: Botswana

Canadian oil company to start fracking in Okavango Delta, Botswana

Frank

BOTSWANA – Canadian oil and gas firm, Reconnaissance Energy Africa Limited (Recon Africa), is planning to start hydraulic fracturing (fracking) in one of Africa’s most sensitive environmental areas along the Namibia-Botswana border. The move has infuriated environmentalists, civil society organisations and local communities about the long-term effects of the activity on the Okavango Delta, one of Africa’s last natural sanctuaries. In August this year, Recon Africa announced that it was planning to drill oil and gas wells in an environmentally sensitive and highly protected area in southern Africa that supplies the…

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Solar Rooftop Program to improve PV installed capacity in Botswana

Frank

BOTSWANA – The government of Botswana through the Ministry of Mineral Resources, Green Technology and Energy Security (MMGE), have launched a net metering scheme for rooftop PV systems called the Rooftop Solar Programme (RTS) in order to create an enabling environment for end users who can generate their own electricity and sell to Botswana Power Corporation (BPC) and also to improve the country’s PV installed capacity which was at 3MW at the end of last year. Supported by the United States Agency for International Development (USAID) the scheme will run for 3 years and…

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Liquid Telecom intensifies fibre rollout in Botswana

Frank

BOTSWANA – Pan-African telecoms group, Liquid Telecom, is activating 82km of fibre in a cross-border network into Botswana. According to the company, this implementation gives more people in Botswana access to Liquid Telecom’s footprint of over 73,000km of Pan African fibre, and increased access to the global digital economy. This expansion connects the Lobatse Border to Gaborone with intent to create efficient mobility and connectivity in Botswana. “At Liquid Telecom, we have a proven track record of investing in and deploying technology designed to grow, strengthen and build Africa’s digital…

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Botswana Diamonds gets closer to full Sekaka acquisition

Frank

BOTSWANA – Diamond mining company Botswana Diamonds has announced that all the conditions precedent for the acquisition of Sekaka Diamonds, as previously announced on 20th July 2020, have now been satisfied. Sekaka’s Prospecting License which holds the KX36 high-grade kimberlite pipe has also been extended for a further two years to 30th September 2022. “We are grateful to the Botswana Authorities for the quick approval of our acquisition of the KX36 discovery, the extension of the licence and the award of two surrounding licences,” John Teeling, chairman of Botswana Diamonds…

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Galileo Resources completes acquisition of Africibum

Frank

BOTSWANA – Galileo Resources has finalised the acquisition of Africibum and its five prospecting licences in the North East Kalahari Copperbelt project in Botswana. The transaction also includes two mining tenement applications that Africibum had submitted. Galileo will issue 42 million fully paid ordinary shares to Africibum’s shareholders as well as warrants to buy more shares.  Additionally, Galileo will issue one of the seller’s seven-million shares related to reimbursement costs incurred by Africibum to date. “I am very pleased that we have completed the acquisition of Africibum whose licences lie in an…

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Giyani Metals commences 2020 field drill programme in Botswana

Frank

BOTSWANA – Giyani Metals Corp has commenced its 2020 feasibility study field programme for K.Hill manganese project in Botswana Subsequently, the company has appointed a drilling contractor, project management and geological services contractor and their imminent mobilisation. The 2020 Field Programme follows Giyani’s recent successful capital raising, which closed on 18 September 2020. Robin Birchall, CEO of Giyani Metals Corp, commented, “The next step with our feasibility study is to conduct in-fill drilling in order to upgrade the current inferred mineral resource to an indicated mineral resource. We have designed an operational programme…

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Kavango, Power Metals strengthen partnership to create new Botswana-focused entity

Frank

BOTSWANA – London Stock Exchange listed base and precious metals miner Kavango Resources has strengthened its partnership with battery metals miner Power Metal Resources by entering into a strategic joint venture (JV). The parties announced in September  that they had now agreed a strategic JV that will result in the formation of a new jointly owned privately held company that is focussed on large-scale mineral exploration projects in Botswana with prospecting licences covering 2 680 km2 of highly prospective land. The vision for the strategic JV is to create a Botswana-focussed minerals…

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Pan-African service reinsurer Continental Re achieves 100% ownership of Botswana subsidiary

Frank

AFRICA – Continental Reinsurance Plc, a pan-African service reinsurer based in Nigeria, has announced 100% ownership of its Botswana subsidiary, a move that effectively changes the ownership structure of the Gaborone based subsidiary. The announcement comes against a backdrop of a strong financial performance that saw the company report a gross premium income of $71.7 million for the first half of 2020, a 27% growth over the same period in 2019.  Continental Reinsurance Plc achieved full ownership of its subsidiary in Botswana after acquiring 40% minority stake that was previously…

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Botswana to construct solar and thermal power plants

Frank

BOTSWANA – The government of Botswana is planning to construct 4 new solar and thermal power plants in the next six years. These four new facilities will bring a new energy mix with a combined capacity of 610 MW to the Southern African country and forms part of the government’s energy policy and will enable Botswana to fully satisfy its demand for electricity while at the same time diversifying its sources of production. Currently , the country has a national power demand of 600 MW but recurring breakdowns at one…

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Botswana and Namibia to sign agreement of 5 GW solar project development

Frank

SOUTHERN AFRICA – Botswana and Namibia are set to sign an agreement to develop solar projects of as much as 5 GW through installations built across their mostly flat, sunny landscapes. The southern African nations are working with US government initiative, Power Africa, to help structure the deal, Namibian Mines and Energy Minister Tom Alweendo said in an interview on Friday. The electricity will mainly be exported across the region. “The agreement to be signed will facilitate a full feasibility study that will determine the size and the location of…

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