Botswana: Latest News

  • China’s Sinopec Buys First Major Refinery In Africa From Chevron For $1B

    Chevron South Africa sold By Reuters, 10:52 am

    The deal includes 820 Chevron and Caltex gas stations, 220 convenience stores across South Africa and Botswana, a refinery in Cape Town, a lubricants plant in Durban, and other oil storage facilities. The Chinese firm says it will keep jobs and company names intact for up to six years before launching a rebranding strategy. Sinopec was the last remaining bidder in an auction to sell Chevron Corp’s South African assets and its subsidiary in Botswana. The auction lasted more than a year and drew interest from French oil firm Total and commodity traders Glencore and Gunvor.

  • VIDEO: An Adventure Through The Okavango Delta In Botswana

    Okavango Delta By Joe Kennedy, 9:54 am

    Each year, floodwaters from Angola flow more than 600 miles and drain into the desert sands of the Kalahari, creating a spectacular wilderness sanctuary along the way. The Okavango Delta is a desert wetland — a contradicition of terms that’s hard to imagine. The variety of flora and fauna means excellent game viewing year round. Excursions — often luxurious and expensive — offer unobtrusive insight to this pristine ecosystem of permanent swamps and seasonally flooded grassland. It’s one of the few large inland delta systems without an outlet to the sea.

  • 23 African Countries With The Lowest Unemployment Rates

    African countries lowest unemployment By Dana Sanchez, 2:43 pm AFKI Original

    South Africa is invariably cited in discussions about jobless rates in Africa, but two thirds of African countries have higher unemployment. Africa is witnessing its best growth performance in decades, yet the world’s youngest continent, demographically speaking, continues to have high unemployment with few signs of recovery in 2017. High unemployment is a key factor shaping young people’s decisions to migrate. The continent’s youth population is expected to double to 830 million by 2050.

  • Outgoing AU Head Slams Trump For US Taking Slaves But Banning Refugees

    AU head slams Trump By Dana Sanchez, 12:48 pm

    The U.S. president’s travel bans provided a rallying call today for African unity. Today’s African Union summit had divisive issues on the agenda, including Africa’s relationship to the International Criminal Court and Morocco’s readmission to the A.U., but outgoing A.U. head Nkosazana Dlamini-Zuma identified Trump’s refugee ban as one of the “greatest challenges to our unity.” A South African A.U. expert says the A.U. is more divided than ever, but it’s not over refugees. “You have all these calls for unity but actually… (it’s) over Morocco, the regional divisions and the ICC.”

  • African Union Elects Former Prime Minister Of Chad As New Chairman

    African Union elects By Dana Sanchez, 11:11 am

    Chad’s Moussa Faki Mahamat replaces South Africa’s Nkosazana Dlamini-Zuma, who is expected to run for president of South Africa in a bid to replace her ex, Jacob Zuma. Mahamat, 56, previously served as the chairman of the A.U.’s Economic, Social and Cultural Council. His boss, President Idriss Deby, has ruled Chad for 26 years. Kenyan Foreign Minister Amina Mohamed was Mahamat’s main rival in the final round of voting. She is one of the most vocal critics of the International Criminal Court.

  • A Look Inside Botswana’s Mombo Camp, One Of Africa’s Most Luxurious

    Mombo Camp By Julia Austin, 8:01 am

    Botswana’s safaris are some of the most luxurious on the market, with prices to match. Rates at Wilderness Safaris’ Mombo Camp can start at $2,500 per person per night in peak season, but the wildlife experience is unmatched. Located in the Moremi Game Reserve in wildlife-rich Okavango Delta, their extravagant tents offer high-end amenities, knockout views, gourmet food and turn-of-the-century bush-camp atmosphere on steroids. Among the finest tented camps in the world, they’ve received top ratings from scores of publications and travel associations.

  • Which Pension Funds Are Investing In African Infrastructure?

    pension funds are investing in African infrastructure By Dana Sanchez, 2:50 pm

    About 90% of managed assets are concentrated in four countries including South Africa and Nigeria. SA leads, thanks to rules that allow them to invest 10% of assets through private equity. Nigeria is held back by trust issues. “The thought of using our pension fund for investment in public-sector infrastructure development is highly frightening given the well-known penchant for mismanagement inherent in public-sector institutions in Nigeria,” the Nigerian Labour Congress says. Pension funds are ideal for driving inclusive growth and social stability through long-term projects such as infrastructure, says consultancy firm RisCura.

  • How An Economic Union Has Changed African Governance, And What This Means For Zimbabwe

    economic union has changed African governance By Dana Sanchez, 11:09 am

    ECOWAS is credited with persuading Gambian dictator Yahya Jammeh to give up power. If there’s a lesson to be learned, it’s that it takes some external persuasion to remove a dictator. “Forget Trump,” a commentator said. “We in Africa were watching the Gambia and the drama there as African leadership for once, stood up to a tyrant and insisted he respect the outcome of an election.” This regional intervention represents a paradigm shift in African governance, an exiled Zimbabwean judge said. It’s no longer dictatorship as usual in Africa.

  • 20 African Countries With The Most Chinese Migrants, And Why These Statistics Are Problematic

    African countries with the most Chinese migrants By Dana Sanchez, 6:42 pm AFKI Original

    Large numbers of Chinese migrants have followed the money to Africa, but no one really knows how many — not even close. Estimates range from 250,000 to 2 million. Experts say informed guesses are anything from speculative to “very problematic.” It’s a problem because inaccurate claims about the Chinese migrant population can contribute to xenophobic election rhetoric and violence, says a migration researcher. In many countries, statistics on migration are incomplete, out of date or nonexistent. “Statistics are political,” a stakeholder said. The data may be out of date but it’s the only data we’ve got.

  • Halal Economy: South Africa Among Top 5 Global Producers Of Halal Products

    halal products By Dana Sanchez, 4:10 pm

    Around 60% of all products in South African stores are halal certified. Despite Muslims forming 1.5% percent of the population, this huge percentage of halal products is due to the large quantity of exports sent north in the continent, much of which is Muslim. South African traders make up about half of Africa’s fast-moving consumer goods sector, and 35 percent of these traders are Muslim. SA has helped other African countries set up halal certification including Zambia, Namibia, Botswana and Mozambique.

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