Vol.23 No.10

Tuesday 24 January 2006    

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Business Week
‘Stop the train’, taxi operators plead
FRANCISTOWN: Taxi operators on the Francistown-Ramokgwebana road want the government to stop the train, which is scheduled to begin operating soon on the route. They are pleading with the government to stop the re-introduction of the train route because they foresee a bleak future for their businesses.

BSE equity markets to benefit from BoB certificates
The debt and equity markets of the Botswana Stock Exchange (BSE) will benefit from the Central Bank’s decision to limit investments on Bank of Botswana Certificates (BoBCs) to commercial banks only, Stockbrokers Botswana has said.

BR ruins passengers’ plans
North and south-bound passengers on Botswana Railways trains from Francistown and Gaborone were stranded in the middle of nowhere on Thursday night after both trains were grounded because of a goods train, which had a breakdown between Mahalapye and Dibete.

Energy ministry analyses impact of oil price increase
Senior energy officials in the Ministry of Minerals, Energy and Water Resources are analysing the impact of the recent fuel price increase. The officials said yesterday that they were finalising the impact-analysis and noted that by tomorrow, there would be an indication on the seriousness of the recent global price shoot up. Since the surge in crude oil prices last year, government has been forced to review its prices on a monthly basis. The review was also motivated by the drying up of the petroleum fund that was designed to cushion against the impact of fuel price hikes. By yesterday, the world was shocked as oil prices went berserk to stand at US69.20 (P377.14) a barrel - the highest figure ever experienced this year and after Hurricane Katrina hit the US Gulf Coast.

  

 
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