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Shumba secures new coal supply contract

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Shumba Energy has penned a three year coal supply contract which shall see the company supply over 20,000 tonnes of washed coal to a regional consumer who has not been named. According to the emerging coal explorer, the coal will be supplied trough the company’s coal trading division which was established two years ago. The deal will ensure sustainable revenue for the BSE quoted company, which recently listed in the main board.

“The execution of the medium term coal supply contract is in line with the company’s strategy of having a high proportion of contracted customers in addition to spot market customers. This approach will enable the company to generate predictable and sustainable revenues whilst not prohibiting its exposure to the upside of rising market prices for thermal coal,” said Mashale Phumaphi, Managing Director. Shumba Energy not disclosed the new client they will be supplying with coal. Last month, the company announced its coal division has made its first revenue.

Responding to Botswana guardian questions last month, Phumaphi said they are in the process of setting up coal wash plant which will come in handy for their coal business. “Having our own wash plant means that we can produce a larger range of products for the regional market and adjust to the market conditions as they change,” he said. ‘We intend to locate the wash plant in the Palapye area where we already have two projects containing over 3.5 billion tonnes of coal’Shumba energy was established in 2011 to provide the SADC region with low-cost coal and energy.

The company is reaching its development objectives and now controls a significant portion of advanced energy projects in Botswana, including over 4.5 billion tonnes of coal for thermal energy, said a statement.

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ADB grants BDC P4m for capacity building

Koobonye Ramokopelwa

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BDC head of human capital, Thabile Moipolai

African Development Bank has granted Botswana Development Corporation (BDC) over P4 million for training and capacity building of its staff members, the latter’s Managing Director, Bashi Gaetsaloe has disclosed.

The grant, which is $400,000 could not have come at a better time for BDC which has just begun a foray into the African continent. According to the Head of Human Capital at the investment arm of government, Thabile Moipolai, the grant will be used in areas such as investment, legal and risk, the three divisions which are considered critical as they continue to push the five -year strategy.

BDC has been given the leeway to invest outside Botswana and already some investments are being made in West Africa. Capacitating the staff in the above areas will come in handy for the African expansion.

Moipolai was answering a question from The Midweek Sun on Friday during the company’s annual stakeholder briefing where operational and financial reports for 2017/2018 were made public. The grant will be utilised in the next two years. BDC has reiterated its plan to continue to invest initiatives which are aimed at developing and retaining staff members.

“As we continue to build a strong BDC for the future, continuous learning and development is critical for our business success and therefore remains a priority area for Human Capital,” BDC 2017 annual report reads.

BDC has also developed a future focused competency based training that will be used to make informed learning and development decisions. “The (BDC) academy will also help BDC produce future leaders that are fluid and progressive through a bespoke leadership development,” reads the report.

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KBL announces return of Kickstart program

Koobonye Ramokopelwa

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Previous kickstart beneficiaries

Kgalagadi Breweries Limited, a unit of Sechaba has announced the return of Kickstart, a youth entrepreneurial development program that was suspended three years due to lack of financial resources, Managing Director, Renaud Beauchamp has told the media.

Before the program was put on ice, it had benefited over 70 small medium enterprises with funding, mentoring and market access assistance. According to Beauchamp, the revamped Kickstart will start next year, with an annual budget of about P1, 5 million. “We plan to invest in 15 new businesses every year,” he said at a press briefing which also announced a price reduction for its alcohol brands such as St Louis, Castel Lite and Black Label.

Successful applicants will receive about P200, 000 grants to execute their business ideas. Beauchamp stated that, they have been able to reintroduce Kickstart from ‘freed capital’ as a result of the recent reduction in Alcohol Levy from 55 percent to 35 percent. The clear beer price reduction comes after the Alcohol Levy, which made beer expensive, was slashed by President Mokgweetsi Masisi regime some few months ago.

Meanwhile, Assistant Minister of Trade, Industry and Investment has announced changes in trading hours for businesses that trade with liquor.

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