Botswana: Latest News

  • South Africa To Double Tax-Free Wine Exports To EU In Asymmetrical Deal

    South Africa to double tax-free wine exports to EU By Dana Sanchez, 9:22 am

    Under the trade agreement, the E.U. will guarantee Botswana, Lesotho, Mozambique, Namibia, and Swaziland 100 percent free access and South Africa 98.7 percent. SACU member countries do not have to respond with the same level of market openness. Instead, they can keep tariffs on products sensitive to international competition. The E.U. has never agreed before to such a degree of asymmetry in any free trade agreement. Other development-oriented free trade agreements could soon follow in West and East Africa.

  • EU And SADC Sign EPA Deal To Safeguard Agriculture Sector

    US Land O' Lakes Co-Op Makes First Commercial Investment In Africa By Staff, 5:08 am

    Southern African Development Community (SADC) and European Union (EU) signed the operationalisation of phase one of the two parties’ Economic Partnership Agreement (EPA) in Kasane town in north-eastern Botswana on June 10. There have been concerns that the conclusion of negotiations, which lasted for almost a decade, could result in EU’s advanced industries crowding out the infant industries in the region, especially those in the agricultural sector.

  • 10 African Countries With The Lowest Unemployment Rates

    By Lillian Mutiso, 5:49 am AFKI Original

    Africa has one of the highest levels of unemployment in the world. Since 2000, more than 27,000 Africans have died while trying to illegally enter Europe via the sea. The search for jobs and an escape from high levels of poverty across the continent is a major motivation. Though unemployment in some African nations reportedly remains higher than 25 percent, general numbers are improving, and many believe that emerging economies in Africa are set to expand rapidly in the coming years.

  • 8 Top Diamond Producing Countries In Africa

    top diamond producing countries in Africa By Julia Austin, 9:04 am AFKI Original

    The Angolan diamond industry barely existed during the 1975-2002 civil war, but Angola caught up. The industry is on track to be worth $7.5 billion by 2018. Angola is trying to attract international investment. The CEO of the government-owned diamond company Endiama says 90 percent of Angola’s diamonds have yet to be discovered. Diamonds are a vital source of foreign exchange for cash-strapped African countries.

  • Nonstop Flights From Miami To Cape Town On The Table

    Nonstop flights from Miami to Cape By Dana Sanchez, 6:14 pm

    There’s a strong case for nonstop flights between Cape Town and Miami, according to South African and U.S. business stakeholders. The U.S. is the No. 1 foreign direct investor in the Western Cape province, its third largest tourism source market, and the fifth largest buyer of Western Cape products. Miami is the fourth largest U.S. market with over 1.9 million residents and pent up demand for direct flights to Cape Town, said Abigail Ellary, director of Enterprise Florida.

  • KFC Liquidation In Botswana Will Not Affect South Africa

    By Kevin Mwanza, 5:03 am

    US-based global fast food giant Kentucky Fried Chicken (KFC) will shut down all its 12 outlets in Botswana this week bringing to an end a two-decades operation in the Southern African nation. VPB Propco, franchisee for KFC Botswana, said it had been trying to the sell the restaurant chain for the past year without success and the only option left was to shutter its 12 stores by the end of this week, cutting 400 jobs

  • KFC Exits Botswana After Two Decades. Could More Follow?

    KFC By Staff, 5:07 am

    International fast food outlet, Kentucky Fried Chicken, has closed its franchise in Botswana rendering over 400 employees jobless. This was contained in a statement that was issued on Friday by VPB Propco, the franchise of KFC in Botswana, which announced that it would cease operating by next week. The statement said: “Such a step is always for us, a final resort, and during the course of the last 12 months, we worked tirelessly to seek an alternative.

  • Glaxo Secures Largest-Ever Sub-Saharan Africa Deal For HIV Treatment In Botswana

    sub-Saharan Africa deal for HIV treatment By Dana Sanchez, 8:40 am

    Botswana has the third highest HIV rate in the world after Lesotho and Swaziland, and was the first country in sub-Saharan Africa to provide universal free antiretroviral treatment. Its very high rates of HIV diagnosis, treatment, and viral suppression are better than most Western countries including the U.S. Glaxo said in March it would no longer seek patents for medications launched in low-income or least-developed countries. Botswana is a middle-income country.

  • 8 African Countries With The Largest White Population

    African Countries With The Largest White Population By Julia Austin, 5:36 pm AFKI Original

    South Africa has just under 56 million people and is home to the largest European-descended population in Africa. Of the white population, 61 percent speaks Afrikaans and over 30 percent speaks English. The country was under Dutch and British colonization. South Africa’s white population isn’t all affluent. More than 400,000 white South Africans are thought to live in poverty and the country has around 80 white squatter townships for Afrikaans-speaking whites.

  • Turning The Lights On, Africa’s Energy Investment Opportunity

    Africa’s energy investment opportunity By Kurt Davis Jr., 12:35 pm AFKI Original

    Competing consumer and developer interests are finding middle ground in some African countries and striking out in others. Low energy prices are the most desirable political outcome, but investment slows or is avoided altogether below a certain price threshold. Short term, coal will remain a vital part of African power generation. But the potential for investing in Africa’s renewable energy market shouldn’t be ignored.

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