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Africa Business News

Botswana Tender and Business News

African Financial Fund Receives $10M Investment from AfDB

The Africa Financial Sector Deepening Fund, a financial instrument designed to strengthen the capital base of local financial institutions and stimulate Africa's corporate bond market, just received a US $10 million investment from the African Development Bank.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

International Monetary Fund Upgrades Economic Forecasts for Botswana

The International Monetary Fund completed its Article IV consultation with the country of Botswana at the end of July. Based on improvements in diamond sales and other factors, the IMF has upgraded its near-term economic forecasts for the country. It has also recommended specific actions for the country to consider going forward.

New Plan Rolling Out to Halt Spread of Fall Army Worm in Southern Africa

The fall army worm has expanded so rapidly in southern Africa that its presence is behind a cut in this year's regional maize harvest forecast by up to 10 percent. A new multi-part plan to increase surveillance and research to contain the worm may help push back the agricultural menace.

Norilsk Nickel to Sue Bostwana Regarding Sale of the Tati Mine

Norilsk Nickel of Moscow, Russia, has given the government of Botswana notice that it plans to commence legal proceedings regarding its involvement in reckless trading by BCL Limited and BCL Investments Proprietary Limited regarding the sale of the Tati mine in Botswana.

Zambia Urged to Stay With The International Criminal Court

A group of African organizations and international NGOs with a presence in Africa are urging Zambia to reaffirm its membership in the International Criminal Court. They do so saying it is the best way to advance justice for victims of atrocities.

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