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* Home * Tours * Documents * Category * Bodies and Structures * Charitable Services * Development Organisations * Educational Institutions * Government and Law * Government Departments * Government Services * Immigration Services * Local Government * Municipalities * Rehabilitation * Retirement Homes * Social Services * Ultimate Business in Africa * Youth and Community Groups * Contact * About * * Login * Register * More 0861 DOT COM (368 266) Powered by: Back GREAT CENTRAL SOURCE OF INFORMATION ON QUALIFIED SUPPLIERS FOR LESOTHO GOVERNMENT DOCUMENTS. FEATURED LISTINGS TIMAX TELECOMMUNICATIONS PTY LTD +26628317667, +26662849204 View Company Mineworkers Development Agency +26622324004 View Company MJ Motsoari Chambers +26659200041, +26662749253, +26658749253 View Company Mr Auto Electric and Electronics (Pty) Ltd +26622321734 View Company EXPLORE LESOTHO View District BUTHA-BUTHE DISTRICT × BUTHA-BUTHE DISTRICT Butha-Buthe is a district of Lesotho. Butha-Buthe is the capital or camptown, and only town in the district. In the north, Butha-Buthe borders on the Free State Province of South Africa. Domestically, it borders on Mokhotlong District in southeast and Leribe District on the south. As of 2014, the district had a population of 118,242 which was 5.88 per cent of the total population of the country. The total area of the district was 1,767 which was 5.82 per cent of the total area of the country. As of 2008, there were 49 per cent economically active people in the district. There were totally 71,012 employed people out of a total of 154,384 people in the district above 15 years of age. The total area planted in 2009 was 7,164 which formed 1.77 per cent of the total area planted in the country. Close View District LERIBE DISTRICT × LERIBE DISTRICT Leribè is a district of Lesotho. It has an area of 2,828 km² and a population in 2016 of approximately 337,500. Hlotse is the capital or camptown of the district. The district has one additional town, namely Maputsoe. In the west, Leribe borders on the Free State Province of South Africa. Domestically, it borders Butha-Buthe District in the north, Mokhotlong District in the east, Thaba-Tseka District in southeast and Berea District in southwest. As of 2006, the district had a population of 293,369 which was 15.63 per cent of the total population of the country. The total area of the district was 2,828 which was 9.32 per cent of the total area of the country. As of 2008, there were 48 per cent economically active people in the district. There were totally 191,052 employed people out of a total of 401,258 people in the district above 15 years of age. Close View District MOKHOTLONG DISTRICT × MOKHOTLONG DISTRICT Mokhotlong district (in Sesotho language "the place of the bald ibis") is a district of Lesotho. It includes the highest terrain in the Maloti Mountains and the source of the Senqu River, Lesotho’s primary watershed. Mokhotlong is the capital or camptown, and only town in the district. Mokhotlong borders on the KwaZulu-Natal Province of South Africa, with its north point bordering the Free State Province. Domestically, it borders on Butha-Buthe District in northwest, Leribe District in west, and Thaba-Tseka District in the south. As of 2006, the district had a population of 97,713 which was 5.21 per cent of the total population of the country. The total area of the district was 4,075 which was 13.42 per cent of the total area of the country. The density of population in the district was 24.00 per sq. km. The total area planted in crops in 2009 was 16,420 hectares, which formed 4.07 per cent of the total area planted in crops in the country. The total agricultural production was 8,757 tonnes, which was 5.82 per cent of the total agricultural production in the country. Close View District BEREA DISTRICT × BEREA DISTRICT Berea is a district of Lesotho. In the west, Berea borders on the Free State Province of South Africa. Domestically, it borders on the following districts: Leribe District in the north, Thaba-Tseka District in southeast and Maseru District in the south. Teyateyaneng is the capital of the district. It is also home to the Kome Cave Dwellings. It is also the only district in Lesotho which is not named after its capital. Close View District MASERU DISTRICT × MASERU DISTRICT Maseru is a district of Lesotho. Maseru is also the name of the district's capital, and is the only city in the district and also the capital of the country. It is the largest urban area in the country, and therefore the only city. The city of Maseru is located on Lesotho's western border with the Free State Province of South Africa, the frontier being the Caledon River. Maseru borders on Berea District in north, Thaba-Tseka District in the east, Mohale's Hoek District in south, and Mafeteng District in southwest. Close View District THABA-TSEKA DISTRICT × THABA-TSEKA DISTRICT Thaba-Tseka is a district of Lesotho. Thaba-Tseka is also the name of the district's capital or camptown, which is the only town in the district. In the east, Thaba-Tseka borders on the KwaZulu-Natal Province of South Africa. Domestically, it borders on Mokhotlong District in northeast, Leribe District in north, Berea District in northwest, Maseru District in west, Mohale's Hoek District in southwest and Qacha's Nek District in the southern direction. The district is one of the major tourist attractions in Lesotho because of the second largest arch dam in Africa Katse Dam. Close View District MAFETENG DISTRICT × MAFETENG DISTRICT Mafeteng is a district of Lesotho. It has an area of 2,119 km² and a population in 2016 of 178,222. Mafeteng is the capital or camptown, and only town in the district. In the west, Mafeteng borders on the Free State Province of South Africa. Domestically, it borders on the following districts Maseru District in the northeast and Mohale's Hoek District in the southeast. Close View District MOHALE'S HOEK × MOHALE'S HOEK Mohale's Hoek is a district of Lesotho. Mohale's Hoek is the capital city or camptown, and only town in the district. In the southwest, Mohale's Hoek borders on South Africa, while domestically, it borders on Mafeteng District in northwest, Maseru District in north, Thaba-Tseka District in northeast, Qacha's Nek District in east, and Quthing District in southeast. Close View District QACHA'S NEK DISTRICT × QACHA'S NEK DISTRICT Qacha's Nek is a district of Lesotho. Qacha's Nek is the capital or camptown, and only town in the district. In the south, Qacha's Nek borders on the Eastern Cape Province of South Africa, and it has a short border with KwaZulu-Natal Province in the far east. Domestically, it borders on Quthing District in southwest, Mohale's Hoek District in west and Thaba-Tseka District in the northern direction. Close View District QUTHING DISTRICT × QUTHING DISTRICT Quthing is a district of Lesotho. Moyeni (also known as Quthing), is the camp town or capital of the district. There are two of the most important sets of dinosaur footprints in the region. There is a large panel of Bushman paintings at Qomoqomong. Quthing district is home to the Masitise Cave House, a satellite location of the Morija Museum & Archives. In the southwest, south and east, Quthing borders on the Eastern Cape Province of South Africa. Domestically, it borders Mohale's Hoek District in the north and Qacha's Nek District in the northeast. Close GOVERNMENT DIRECTORY EBOOK VIEW NOW IMPORTANT DOCUMENTS * Tours * Documents * Vacancies LESOTHO TOURS VIEW ALL COAST, LESOTHO AND CAPE TOWN (ACCOMMODATED) (12 DAYS) Visiting:South Africa, Lesotho Departing:DurbanDuration:12 DaysAge Group:18+R24,160 KRUGER TO CAPE TOWN (ACCOMMODATED) (20 DAYS) Visiting:South Africa, Swaziland (Eswatini), Lesotho Departing:PretoriaDuration:20 DaysAge Group:18+R40,900 COAST, LESOTHO AND CAPE TOWN (12 DAYS) Visiting:South Africa, Lesotho Departing:DurbanDuration:12 DaysAge Group:18+R19,300 SOUTHERN AFRICAN EXPLORER (46 DAYS) Visiting:South Africa, Zambia, Botswana, Namibia, Zimbabwe, Swaziland (Eswatini), Lesotho Departing:PretoriaDuration:46 DaysAge Group:R65,560 CHOOSE DOCUMENT TO VIEW VIEW ALL COMMUNIQUÉ OF THE 41ST ORDINARY SUMMIT OF SADC HEADS OF STATE AND GOVERNMENT 18 AUGUST 2021COVID-19 POSITIVE RESULTS ANNOUNCEMENTACCEPTANCE SPEECH BY HIS EXCELLENCY DR LAZARUS McCARTHY CHAKWERA, PRESIDENT OF THE REPUBLIC OF MALAWI, ON THE OCCASION OF THE OFFICIAL ...REMARKS BY THE RT HONOURABLE THE PRIME MINISTER DR MOEKETSI MAJORO AT THE OCCASION OF RECEIVING THE FIRST VACCINE SHIPMENT ...PUO EA MOHLOMPHEHI TONA-KHOLO, DR MOEKETSI MAJORO TŠEBELETSONG EA HO ROMELA LEBOTHO LA SESOLE SA LESOTHO POLOKONG ...APPOINTMENT OF NEW PRINCIPAL SECRETARIESOnline Scholarship ApplicationWELCOME REMARKS BY HIS EXCELLENCY DR. LAZARUS McCARTHY CHAKWERA, PRESIDENT OF THE REPUBLIC OF MALAWI ON THE OCCASION OF OPENING ...REMARKS BY HER EXCELLENCY DR. STERGOMENA LAWRENCE TAX, SADC EXECUTIVE SECRETARY ON THE OCCASION OF THE OFFICIAL ...POLELO EA MOTLATSI OA TONA-KHOLO MOHLOMPHEHI MATHIBELI MOKHOTHU HO SECHABA SA BASOTHO KA ‘MOKA OA MASHOME A MANE A MOTSO O ... SEE THE LIST BELOW FOR THE LATEST AVAILABLE VACANCIES VIEW ALL -------------------------------------------------------------------------------- FIELD MECHANIC - LESOTHO 6 days ago in Sponsored Field Mechanic - Lesothoreputable construction company in Lesotho is seeking a Field Mechanic. 10 years experience on yellow plant machinery. Permanent role. Must have experience... -------------------------------------------------------------------------------- FIELD MECHANIC – LESOTHO 7 days ago in careers24.com Hire Resolve Lesotho A reputable construction company in Lesotho is seeking a Field Mechanic.... -------------------------------------------------------------------------------- TECHNICAL MANAGER / CLOTHING(LESOTHO) 18 days ago in Sponsored Develop manage implement and communicate quality plan At least 6 years quality assurance of which a minimum of 3 years must be in a factory environment Monitori -------------------------------------------------------------------------------- PRODUCTION FOREMAN (ELECTRICAL) - LESOTHO CITIZEN 9 days ago in Sponsored Green Marble Recruitment Consultants Lesotho Reference: JHB000904-AV-2. Lesotho. Large Manufacturing entity based in Lesotho is seeking a Production Foreman (Electrical) who will be involved with the... -------------------------------------------------------------------------------- STORE ASSISTANT 17 days ago in careers24.com Goldrush Group Gauteng, Gauteng ...Lesotho to South Africa the Stores Controller after the MDs approval shall immediately notify Helpdesk to register the machines on NCEMS. Attend to issuing... LATEST NEWS Scholarships show the way: Stronger together The Canon Collins Trust announces major new scholarship funding to advance social justice causes, saying the power of networking addresses the urgent need to support African thought leadership. A South Africa based NGO, the Canon Collins Trust, has announced 57 new university scholarships in fields relating to social justice for the 2023 academic year, bringing its total investment in the country to nearly R300 million since 2004. The scholarships are mostly at postgraduate level. A spokesperson for the organisation said the scholarships were unique in that they are awarded not only for academic merit but also based on the scholar’s personal vision for justice and willingness to work for change with other scholars across the network. For example, scholar Andani Tshiitamune, age 27, is carrying out research at the University of Cape Town into producing vaccines that even the poorest countries can afford. She says “the financial support provided by the scholarship offers a much-needed relief … however, the greatest reward of this scholarship lies beyond financial benefits. The opportunity to be part of a whole community of like-minded scholar activists and social justice advocates is truly invaluable”. Concerned about how poor health afflicts African countries, Andani is working on developing a cost-effective universal influenza A vaccine. The Trust’s CEO, Stuart Craig, said southern Africans are distinguishing themselves in their diverse fields across the globe. “But the most remarkable feature of the programme is that 96% of Canon Collins graduates continue to work in and serve the region by remaining in Africa” he explained. He added that in its forty-year history the Canon Collins Trust has awarded over 4,000 scholarships to southern Africa’s exiles, activists and leaders. Based on the belief that Africa’s greatest wealth is its people, the NGO argues that scholars’ ideas, creativity and solutions are the key to a free and open southern Africa, especially for those from marginalised communities and sub-communities. While scholars come from diverse racial and ethnic backgrounds, special consideration is given to those who will be the first in their family to receive a postgraduate degree. Some are the first in their village to receive a degree, whose attendance at university is funded and supported by their entire community. The Canon Collins Trust says this is a powerful manifestation of ubuntu, the southern African philosophy of spiritual generosity and human interconnectedness. “Every year, those of us who participate in the selection process are profoundly impressed (and often deeply moved) by the achievement of candidates in even getting to the stage of submitting applications. Many applicants come from challenging backgrounds which have not made their progress through schooling and first degrees easy. They are often the first in their family to have higher education. They are often financially and practically supporting other family members at the same time as pursuing their studies”, said John Richmond, a supporter of the Trust who coordinates a group of mostly British teachers who together fundraise annually for some of these social justice-oriented scholarships. But while this investment begins with financing access to postgraduate education, the organisation insists this cannot be where it ends. The vision of an open and just society requires all these empowered leaders and activists to compound their potential through support and collaboration. “In a world that is increasingly polarised and competitive – in which energies and bonds are stretched across vast geographical and ideological spaces – the real challenge is to create pathways that keep people connected and allow southern African change-makers to maintain focus on each other’s common purpose” said the CEO. “The path to transformation and social impact is neither easy nor possible to undertake alone”. Access to the scholarship is the first step in a programme of network-building between scholars, alumni and social justice organisations. “You will find us scholars arranging Zoom meetings to support each other. You will find us meeting at our annual conference to inspire each other in our individual work and create opportunities to collaborate and make an impact together as scholars,” says PhD scholar Athenkosi Nzala (University of Pretoria), age 31, whose research seeks to ensure that everyone has access to an equitable and quality primary and secondary online education. “As I am being supported by the scholarship to train teachers for online teaching, so the scholarship also bolsters the dreams of many Africans of all ages who want to pursue formal and informal learning opportunities” he said. A case in point is former Canon Collins Trust scholarship recipient and now Professor Maano Ramutsindela, who became the University of Cape Town’s first African Dean of Science in 2019. Having also served as a Board member of the Trust he says: “It is important for me as the Dean of Science to think of how we can transform science and make it more relevant to the social issues the country, region and continent are faced with. Canon Collins has over the last few years emphasised a sense of urgency for change. I never thought it would come to rest on my shoulders, but as the Dean I am now an agent of change. I feel that Canon Collins has prepared me with the value system that will guide me in my dreams of what this place could become.” Notes for Editors: The Canon Collins Trust’s mission is to build a community of change agents across southern Africa who create and use knowledge for positive social impact. Through their higher education funding, project grants and international events programme, they are cultivating a space where activism and research meet. The Trust began in 1981 as a response to Apartheid-era repression, with scholarships awarded to exiled South Africans and Namibians with the potential to become leaders in the future. It has evolved into a southern Africa region-wide programme of support to potentially transformative leaders committed to safeguarding African interests and people, including advancing the decolonial project in a shared and sustainable way. The Trust’s spending on scholarships and networking is derived solely from fundraising including grant-making foundations, private individuals making gifts in memory of loved ones and cause-related crowdfunding. Website: www.canoncollins.org For further information and photos Catherine Sofianos 072 767 1115 | catherine@canoncollins.org Akani-Lesotho officially launched SOUTH African financial services company, Akani Group, has officially launched its locally subsidiary, Akani-Lesotho. The launch of Akani-Lesotho at Maseru Mall at the weekend adds to the growing list of pension fund administrative companies in Lesotho. Akani-Lesotho had on 12 December 2022 been registered and issued with an operating license by the Central Bank of Lesotho in terms of section 59 of the Pension Funds Act of 2019. “Akani Financial Services (PTY) LTD has been duly licensed as a Pension Fund Administrator by the Central Bank of Lesotho as the Regulator of Pension Funds in terms of section 59 of the Pension Funds Act, 2019 and Pension Funds (Registration and Licensing) Regulation, 2020,” states the company’s operational certificate. “The license shall remain in force for a period of one year from the date of issue unless it is suspended or revoked by the Regulator of Pension Funds. The Regulator may amend the terms and conditions of such registration from time to time,” it says. Since its establishment over two decades ago, Akani Group has evolved into one of the largest black-owned players in the financial services industry in Southern Africa; and is the brainchild of South African billionaire Zamani Letjane. Speaking at the launch, Mr Letjane, who is the Akani Group chairman, said he was confident that his company would create waves in Lesotho’s financial services sector. “We want to create employment and wealth for Basotho because they are our future clients. But we can only achieve that when we work hand in hand with other financial service providers,” Mr Letjane said. The company had experienced some hurdles on its way to obtaining an operating licence but all had worked well in the end. It was now raring to go. “We have been in Lesotho for many years but we were not registered (to offer a full spectrum of services). We had to wait until 12 December 2022 to get a licence. Patience has taught me as a businessman that timing is a critical quality to have when one has a vision,” Mr Letjane said. The Akani Group took its corporate social responsibility obligations seriously by giving back to communities, Mr Letjane said. “We have been able to help the less privileged in Botswana, South Africa and Lesotho where we have branches,” he said. Services offered by Akani-Lesotho include employee benefit administration, family cover administration as well as other financial management options. Govt approves Financial Consumer Protection Regulations HE government has approved the Financial Consumer Protection (Disclosure of Credit Information) regulations of 2023, which, among others, shall apply to consumer credit agreements issued by Financial Service Providers as licensed by the regulator. The objective of these regulations is to establish a consistent disclosure regime of essential information on credit agreements on financial products and services. This has been revealed in a government gazette published this week. The Central Bank of Lesotho (CBL), under the leadership of Dr Maluke Letete has also contributed massively towards the implementation of the regulations as the regulator. In these regulations, a financial service provider shall have formal written policies, procedures, and frameworks for consistent disclosure of essential information on financial products and services duly approved by its board. “The board and management of a financial service provider shall be responsible for compliance with the requirements of these regulations. The board shall further ensure that management is implementing policies on consistent disclosure of essential information on financial products and services,” the government revealed in the gazette. It was further shown that a financial service provider shall issue a Key Fact Statement to all consumers requesting information or seeking to obtain a consumer credit product. The content of disclosure of the Key Fact Statement in sub-regulation shall be provided depending on the stage of service or product being offered. For instance, a Key Fact Statement for a credit product shall contain the name of a financial service provider, an address of a financial service provider, the name of a consumer, contact information, disclosure or application number, and the date of issuance of the Key Fact Statement. On the other hand, a Key Fact Statement for a credit product shall contain a type of loan whether secured or unsecured, a loan summary, the cost of credit as well as repayment schedule. A financial service provider that advertises or displays information through a website for instance, shall exhibit a generic Key Fact Statement through a hyperlink permanently displayed near a promotional advert with a warning regarding important information about a consumer loan and allows a consumer to apply for a loan through online means. A financial service provider that offers an option to submit a loan application online shall provide a simulator feature that allows a consumer to customize their Key Fact Statement at the shopping stage before submitting a formal loan application among other things. Furthermore, a financial service provider re-issues a Key Fact Statement before a credit agreement is signed where the information included in a credit agreement differs from a Key Fact Statement provided at a pre-transactional stage. Those who provide credit through digital channels are required to present a simplified Key Fact Statement when a consumer is inquiring about loan information. King urges new govt to turn Lesotho fortunes around IS Majesty King Letsie III says the 11th Parliament is determined to turn Lesotho’s fortunes around and will work in collaboration with all stakeholders to bring into operation programmes geared toward stimulating economic growth. He made these comments on Thursday during the official opening of the first sitting of the 11th Parliament of Lesotho. This, after the October 7 general elections, which saw mining magnate, Sam Matekane’s newly formed Revolution for Prosperity (RFP) forming a new coalition government with the Alliance of Democrats (AD) and the Movement for Economic Change (MEC). “My government is determined to turn around Lesotho’s fortunes and to this end will work in collaboration with all stakeholders to bring into operation programmes that are geared towards stimulating economic growth. “This will be in areas such as investment in agro-industry, food security, and nutrition, effective management of national water resources to meet the needs of current and future generations as well as selling water to neighbouring countries like South Africa and Botswana,” said His Majesty. He added that the new government shall among others ensure that bills that could not be passed by the 10th Parliament are treated as a matter of priority and enacted in order to guarantee much-needed progress. “The government is further cognizant of the fact that there are a number of bills that were not passed by the 10th Parliament and it will act in earnest with the 11th Parliament through its parliamentary committees to ensure that those bills and other important bills are enacted,” he said. The King further showed that the government shall focus on the rehabilitation and construction of roads and other infrastructure projects, generation of renewable energy, improvement of the manufacturing sector, review of the management of natural resources and the mining sector as well as the development of the tourism sector. The government, he said, will remain an active and loyal member of the international community and maintain its membership in international bodies like the United Nations (UN) and all its agencies along with the Commonwealth, the African Union (AU), and the Southern African Development Community (SADC) to name but a few. “We shall remain committed and loyal to these organisations because we share common ideals and principles which we believe are essential in maintaining regional, continental and global stability, peace and development,” he also said. Botswana lauded for its elephant conservation at global wildlife trade conference Botswana was lauded at the recent global conference on endangered species trade for its exceptional management of its elephant population. The southern African country is among countries that have adopted the Monitoring Illegal Killing of Elephant (MIKE) programme, managed by the Convention on the International Trade in Endangered Species (CITES), to conserve and manage its elephant population. MIKE is a tool developed by CITES that is used for the monitoring of illegal killing of elephants and also assists in clarifying the source of ivory. Speaking during the event hosted by MIKE following the just- ended annual CITES conference, Botswana’s Minister of Environment, Natural Resources Conservation and Tourism, Philda Kereng stated that MIKE has proved to be a functional monitoring tool for the southern african nation. She said it has been implemented within the context of broader spatial planning initiatives, including the Elephant management and Action plan 2021- 2026, adding that CITES’ MIKE is a crucial part of Botswana’s Elephant management plan. Botswana has also developed an Ivory Stockpile Management system to ensure that its stockpile is well managed. The development for this Elephant Management Plan began in June 2018 with four national consultations resulting in the draft plan launched in December 2019, and the final plan launched in March 2021. The Elephant Plan indicates that Botswana is resourced for the conservation and management of wildlife resources including elephants that have decreased as funds have been diverted to other competing resources. “Revenues generated by protected areas through tourism have dropped by up to 90 percent. Revenues generated from hunting have also been severely affected due to travel restrictions. “The development of this Plan coincided with the pandemic and, therefore, was cognisant of the emerging challenges facing wildlife managers.” The structure of the Botswana Elephant Plan is based on a Logical Framework format, and the vision and targets are derived from a series of workshops held in 2018 and 2019 to develop this strategy. The objectives include six key components that include: protection and law enforcement; human- elephant conflict management; management of habitats and connectivity; social and economic framework; conservation capacity and coordination and collaboration. Botswana’s Minister of Environment, Natural Resources Conservation and Tourism, Philda Kereng stated that MIKE has proved to be a functional monitoring tool for the southern african nation. She said it has been implemented within the context of broader spatial planning initiatives, including the Elephant management and Action plan 2021- 2026, adding that CITES’ MIKE is a crucial part of Botswana’s Elephant management plan. Botswana has also developed an Ivory Stockpile Management system to ensure that its stockpile is well managed. The development for this Elephant Management Plan began in June 2018 with four national consultations resulting in the draft plan launched in December 2019, and the final plan launched in March 2021. The Elephant Plan indicates that Botswana is resourced for the conservation and management of wildlife resources including elephants that have decreased as funds have been diverted to other competing resources. “Revenues generated by protected areas through tourism have dropped by up to 90 percent. Revenues generated from hunting have also been severely affected due to travel restrictions. “The development of this Plan coincided with the pandemic and, therefore, was cognisant of the emerging challenges facing wildlife managers.” The structure of the Botswana Elephant Plan is based on a Logical Framework format, and the vision and targets are derived from a series of workshops held in 2018 and 2019 to develop this strategy. The objectives include six key components that include: protection and law enforcement; human- elephant conflict management; management of habitats and connectivity; social and economic framework; conservation capacity and coordination and collaboration. The roles of PAP committees explained Permanent Committees of the Pan African Parliament facilitate the effective implementation of the policies and objectives of the OAU/AEC. The PAP Permanent Committees roles were eloquently explained by the PAP President Hon. Chief Fortune Zephania Charumbira when giving a presentation on the mandate of the permanent committees of the PAP on Tuesday in Midrand, South Africa. Charumbira’s words of encouragement come on the backdrop of the Pan African Parliament (PAP) members are attending the PAP Permanent Committee meetings that started on March 5-9 in Midrand, South Africa. The mandate of PAP is to ensure the full participation of African peoples in the economic development and integration of the continent, therefore the permanent committees provide oversight to ensure effective implementation of policies. According to Charumbira, effective implementation will drive the Africa Agenda 2063, African Continental Free Trade Area, AU Shared Values, Flagship Projects such the Inga Dam Project, Single African Air Transport Market, among others; and further facilitate attainment of AU Theme of the Year: “The Year of AFCTFTA: Accelerating the AFCFTA Implementation”. Relatedly, the objectives of the Pan-African Parliament promote the principles of human rights and democracy in Africa; encourage good governance, transparency and accountability in Member States; Promote peace, security and stability; Contribute to a more prosperous future for the peoples of Africa by promoting collective self-reliance and economic recovery; Facilitate cooperation and development in Africa; Strengthen Continental solidarity and build a sense of common destiny among the peoples of Africa; and Facilitate cooperation among Regional Economic Communities and their Parliamentary fora. THE PAP PERMANENT COMMITTEES (a) The Committee on Rural Economy, Agriculture, Natural Resources and Environment; (b) The Committee on Monetary and Financial Affairs; (c) The Committee on Trade, Customs and Immigration Matters; (d) The Committee on Cooperation, International Relations and Conflict Resolutions; (e) The Committee on Transport, Industry, Communications, Energy, Science and Technology; (f) The Committee on Health, Labor and Social Affairs; (g) The Committee on Education, Culture, Tourism and Human Resources; (h) The Committee on Gender, Family, Youth and People with Disability; (i) The Committee on Justice and Human Rights; (j) The Committee on Rules, Privileges and Discipline; The Committees shall handle business that is ordinarily handled by the corresponding Specialized Technical Committee responsible to the Executive Council in accordance with Article 14 of the Constitutive Act. SPECIFIC FUNCTIONS OF THE COMMITTEES As for the specific functions of the committees, the Committee on Rural Economy, Agriculture, Natural Resources and Environment amongst other functions: Considers the development of common regional and continental policies in agricultural sector; Assists the Parliament to oversee and assist with the harmonization of policies for rural and agricultural development; and promotes the development policy and the implementation of programs of the Union relating to natural resources and environment. On the other hand, the Committee on Monetary and Financial Affairs shall, amongst others: Examines the draft estimates of the Parliamentary budget and submit to Parliament; Discusses the budget of the Union and make appropriate recommendations; Examines and report to Parliament on the problems involved in the implementation of the annual budget; and Assists Parliament to execute its role of establishing sound economic, monetary and investment policies. Meanwhile the Committee on Trade, Customs and Immigration Matters amongst other roles: Considers matters relating to development of sound policy for cross-border, regional and continental concerns within the areas of trade, customs and immigration; Assists the Parliament to oversee relevant organs or institutions and policies of the Union; and Helps the Parliament to oversee external trade. The Committee on Cooperation, International Relations and Conflict Resolutions shall, amongst others: Considers issues relating to the development of an efficient policy in matters of cooperation and international relations of the Parliament and the Union; Deals with the conventions and protocols linking the Parliament with regional and international institutions and report to the Parliament; Carries out examinations on the revision of Protocols and Treaties of the Union; Assists the Parliament in its efforts of conflict prevention and resolution. The Committee on Transport, Industry, Communications, Energy, Science and Technology shall, amongst others: Considers issues relating to the development of transport and communications infrastructure; Assists Parliament to oversee the development and implementation of policies of the Union relating to transport, communication, science and technology and industry; Considers issues relating to the use of science and technology for the development of the Continent; Helps Parliament to supervise the development policies and the Union implementation programs for matters of industry, science, technology and energy. The Committee on Health, Labor and Social Affairs deals with strategies and programs for the improvement of the lives of African peoples; Considers issues relating to regional and international cooperation in strategic planning and implementation of social development and health policies and programs. The Committee on Education, Culture, Tourism and Human Resources shall, amongst others: Considers issues relating to the development of human resources in Member States;Assists Parliament to promote policy development and implementation of programs of the Union relating to access to education, promotion and preservation of culture and tourism and human resource development. The Committee on Gender, Family, Youth and People with Disability shall, amongst others: Considers issues relating to the promotion of gender equality; Assists Government commit to injecting more funds in fighting HIV Minister for State President Kabo Morwaeng says government will continue to make resources available in terms of financial allocations and human capital to ensure that Botswana achieves the ideal of eradicating HIV and AIDS as a public health threat by 2030. Morwaeng was speaking this morning in Gaborone at the High-Level Advocacy event to accelerate HIV Prevention in Botswana. He said the National AIDS and Health Promotion Agency (NAPHA), in partnership with UNAIDS, UN agencies, the Global Fund and PEPFAR, have started a process of developing transition readiness plan for sustainability of HIV prevention and treatment programmes. "It is important for us, as a country that has had a fair share of donor support in the response to an epidemic such as HIV and AIDS, to look beyond the period when the level of assistance would have reduced, or ceased, thus calling for domestic financing for all areas which were on donor support." Morwaeng said this is important as the such a plan will guarantee that all the gains accrued from the response with donor support will be sustained until the end when “we reach the elimination of HIV and AIDS as a public health threat by 20230,” he said. “I commit to continue support efforts towards strengthened HIV prevention, accentuating HIV primary prevention and treatment as prevention towards Zero New Infections, Zero Stigma, Discrimination and Zero AIDS related death, to end AIDS in Botswana." He reiterated that government commits to tackle legislative, policy and programming challenges that act as barriers to the achievement of the goal of ending AIDS as a public health threat. In the financial year 2022/2023, a total of 119 Civil Society Organizations, including Faith Based Organizations, were contracted with an amount of P100 million to implement HIV and NCDs prevention activities throughout the country, and the money was drawn from the Consolidated Fund. Through an upcoming HIV Prevention Symposium, technical stakeholders will use outcomes to develop the Botswana HIV Prevention Acceleration Road Map for 2023-2025. Morwaeng stated that government will support and ensure that Botswana plays its part achieving the road map. He said there is need to put hands on the deck to ensure that Botswana sustains progress made so far in the fight against HIV and AIDS. “There are tremendous achievements thus far to, reach and surpass the UNAIDS fast track targets of 95%- 95%- 95% by the year 2025. As reflected by the BAIS preliminary results of 2021, we now stand at 95- 98- 98 against the set targets." "These achievements challenge us to now shift our gears and strive to know who are the remaining 5% for those aware of their HIV status, 2% of enrolment on treatment by those aware of their status and 2% of viral suppression by those on treatment." Explaining this further, Morwaeng said shift in gears should extend to coming up with robust strategies of determining where these remaining people are as well as how they will be reached with the necessary services. "These are just some of the many variables that are required to ensure that as a country, we are well positioned to reaching the last mile of our country's response to the HIV and AIDS pandemic." Stargems Group establishes Training Center in BW Internationally-acclaimed diamond manufacturing company StarGems Group has established the Stargems Diamond Training Center which will be providing specialized training in diamond manufacturing and evaluation. The Stargems Diamond Training Institute is located at the Stargems Group Botswana Unit in Gaborone. "In accordance with the National Human Resource Development Strategy (NHRDS) which holds the principle that through education and skills development as well as the strategic alignment between national ambitions and individual capabilities, Botswana will become a prosperous, productive and innovative nation due to the quality and efficacy of its citizenry. The Training Centre will provide a range of modules in theory and in practice; from rough diamond evaluation to diamond grading and polishing for Batswana, at no cost for eight weeks. The internationally- recognized certificate offered in partnership with Harry Oppenheimer Diamond Training School presents invaluable opportunities for Batswana to access in the diamond industry locally and internationally. The initiative is an extension of our Corporate Social Investment to the community in which we operate," said Vishal Shah, Stargems Group Managing Director, during the launch of the Stargems Diamond Training Center. In order to participate in this rare opportunity, interested candidates are invited to submit a police clearance certificate and a BGCSE certificate only to the Stargems offices. Students who excel in these programs will have the chance to be onboarded by the Stargems Group. This serves as motivation for them to go through this training with a high level of seriousness. "Community empowerment is one of our CSR principles. We believe that businesses can only thrive when their communities are well taken of. We are hoping that our presence will be impactful to various communities and economies. In the six countries that we are operating in, we have contributed through dedicating 10% of our revenues during COVID-19 to facilitate education, donating to hospitals and also to NGOs committed to supporting women and children living with HIV. One key issue that we are targeting in Botswana is the rate of unemployment amongst the youth. We are looking forward to working closely with the government and other relevant authorities to curb unemployment," said Shah. Currently, Stargems Group has employed 117 Batswana and they are looking forward to growing the numbers to 500 as the company grows. Majority of the employees will be graduates from the Stargems Diamond Training Center. This initiation has been received with open arms by the general public and stakeholders. During the launch, the Minister of Minerals and Energy, Honorable Lefoko Moagi, stated that the ministry fully endorses Stargems Diamond Training and will work closely with the Group to support and grow the initiative. "As a ministry, we see this as an game changer that is aligned with one of the United Nations’ Six Priority Sustainable Development Goals, which is to Advance Opportunity and Impact for Diversity, Equity, and Inclusion (DEI). What Stargems Group is launching today will have a huge impact on the creation of employment in Botswana. An economy’s productivity rises as the number of educated workers increases as its skilled workmanship increases. It is not a secret that low skills perpetuate poverty and widen the inequality gap, therefore the development of skills has the potential to contribute significantly to structural transformation and economic growth by enhancing employability and helping the country become more competitive. We are grateful to see the emergence of industry players such as Stargems Group who have strived to create such opportunities that mitigate the negative effects of COVID-19 on the economy," said the Minister of Minerals and Energy. Businesses urged to employ people with disabilities Employers have been challenged to overcome their fear of the unknown that has over the years led them to overlook employing people living with disabilities, to grow a more inclusive workforce. There are close to 100 000 persons living with disabilities in Botswana. According to the Quarterly Multi Topic Survey quarter four of 2021, only about 11500 are employed, leaving thousands out of the job market. Recently, the Botswana Council for the Disabled hosted Dr Kedibone Seutloadi, guest lecturer and consultant at Diabalwa Professional Services, to discuss how and why a diverse and inclusive workforce is important for the business community, as well as for national development. The virtual meet also served to launch Dr Seutloadi’s ‘Disability Sensitisation in the workplace’ ebook. Dr Seutloadi, explained that it is time to challenge the way we think about disability when it comes to employment, adding that one of the barriers to employability of people with disabilities is reasonable accommodations. These are meant to ensure that everyone is able to participate on an equal basis. They include training of persons with and without disabilities, recruitment and selection, benefits and privileges among others which tend to disadvantage people with disabilities. “Some employers think they will incur more cost restructuring the working environment to make it friendly,” she shared. But she says this should not be the case as besides being a long term investment that will be fruitful for both parties, technology has unveiled useful mechanisms for persons with disabilities to utilise. Language used in the workplace can also be problematic but is one often taken for granted. “The language we use can be so dangerous and reinforces the negative stereotypes. Avoid language that suggests that the person with disability is frail, sick and depends on others. “Words and phrases like 'handicapped,' 'physically challenged,' 'suffers from or victim of,' should be avoided. That person is not a victim. They have all the right to be there to use all the abilities they have, that they would have been hired for,” Dr Seutloadi explained. “In some documents you find written “PWD” to refer to people with disabilities, we are not acronyms, why do we believe others should be? If you are confused and do not know what to write, its better you just refer to the person by their names.” Her book, which Dr Seutloadi described as an indispensable tool for human resources to master compliance while nurturing their diverse and dynamic workforce among others, does not only have real-life examples of situations for HR professionals but also gives a simple but broad overview of disability in the hopes that it will help others have open and honest conversations. Meanwhile, Executive Director of the Botswana Council for the Disabled, Moffat Louis said there is a need for the civil society to work together with the business community and government to see how best to create opportunities for and absorb people with disabilities. He acknowledged some of the efforts that government have put in place to enhance the participation of persons with disabilities in formal employment. Among them is the internal arrangement within government to have a list of graduates with disabilities sent to the DPSM through the disability office and then when it comes to placement, the Directorate of Public Service Management would then apply affirmative action to fast-track their placement in jobs. “That has yielded some fruits with quite a number people with disabilities working in government through the initiative. “The private sector has also made a small improvement in being inclusive and bringing them on board, even though it is not structured,” Louis observed. Still, he said unemployment remains prevalent among people with disabilities, a situation that inevitably robs them of their dignity and diminishes their roles in the community. More African countries invited to US-led Democracy Summit Tanzania, Ivory Coast, Gambia, Mauritania, and Mozambique are set to join other African countries who were invited to a three-day US-led Democracy Summit, a mostly virtual affair co-hosted by Zambia, Costa Rica, the Republic of Korea and the Netherlands. This will be a follow-up summit to the inaugural gathering of 2021. Of concern is the backsliding of democracy in Africa, mostly in West Africa where coups are making a comeback. The summit is also of importance to the US since its rivals, China and Russia, are gaining ground on the continent. During the first summit, Tanzania was excluded because of a lack of democracy under the late John Magafuli. With Samia Suluhu Hassan now in power, she has returned the country to political pluralism. Last month, former presidential candidate Tundu Lissu returned home from years of exile in Belgium after Hassan lifted a ban on political rallies. Ivory Coast was invited since the country has gradually returned to political stability after tensions reached extreme levels after the 2021 general elections. In 2021, Mozambique was ranked low in the Economist Intelligence Unit's Democracy Index and was flagged as moving from "a hybrid regime to an authoritarian one". The country was also ranked low by the Ibrahim Index of African Governance at 26th out of 54. However, this time around there is a considerable improvement ahead of the general elections next year. Mauritania and Gambia were also invited for the first time as part of the US' policy on integrating more countries into its democracy promotion. The National Security Council's senior director for democracy and human rights, Rob Berschinski, told journalists the summit was more welcoming this time around. "This is a summit for democracy; it's not necessarily a summit of democracies, and despite the fact that we are pitching an extraordinarily large tent, we need to draw the line somewhere. He said: "So, our main message to governments around the world is, as we always do, we want to engage on matters of democratic renewal, strengthening institutions that reflect popular will, and accountability, and transparency. That's not limited, of course, to the Summit for Democracy." US Vice President Kamala Harris is currently on a three-nation African tour that has so far taken her to Ghana. She will also make a trip to Tanzania and finally to Democracy Summit hosts Zambia. Harris' trip aims to build on the promises made during the US Africa Leaders Summit in Washington DC in December last year. As the most senior US official to visit Africa so far, it is expected she will set the stage for a visit by President Joe Biden, which he promised African leaders at the December meet. Who gets what in Botswana's R108-billion national budget Botswana's Finance and Economic Development Minister Peggy Serame presented a P79.79 billion budget (R108 billion) that she said was geared towards delivering broad-based transformation, creating new wealth prospects and expanding economic opportunities for all Batswana. She said this would be done "through a growth model that leaves no one behind". According to Serame, Botswana is moving towards its goal of being a high-income country by 2036. However, this can only be done through directing "our resources to areas that will significantly change the lives of Batswana and create new, sustainable economic opportunities", according to her. Serame said while presenting this year's budget, the economy was being weighed down by Covid-19 and its emerging variants, the war in Ukraine that was pushing the cost of food production up, increasing unemployment, as well as poor quality projects and implementation. According to data from Trade Economics, unemployment has reached 26% in Botswana, which is up from 24.5% in 2020. Botswana has projected 4% growth and placed importance on infrastructure development in the proposed budget. The Ministry of Education and Skills Development will receive the biggest share of P15.04 billion. This money will be used for salaries and allowances, operational costs for public schools, allowances for tertiary students, including food and books, as well as invigilation costs for national examinations. The health ministry is set to get the second highest allocation – a proposed P10.31 billion – which will go towards containing and mitigating Covid-19 infections. The other money will be used for the procurement of drugs and operations at the Ketumile Masire Teaching Hospital, Botswana's first quaternary teaching hospital. Defence and security will get the third biggest allocation of P9.84 billion. The money will go towards security issues that threaten Botswana's sovereignty and territorial integrity and the operations of the Botswana Defence Force (BDF) contingent operating under the SADC mission in Mozambique. Part of the money will also be used for the replacement of the old fleet and operational costs of the BDF, the Botswana Police Service, prisons, and rehabilitation services. The Ministry of Local Government and Rural Development stands to be awarded P8.22 billion. The bulk of the money will be used for upgrading sub-districts to councils. Last year, the Revenue Support Grant was reduced, particularly to urban councils, to encourage them to generate revenue so they could fund their own programmes. However, the allocation is still there this year. Social benefits are also covered under local government and rural development, as well as the procurement of food supplies for primary schools and health facilities. Other ministries will share P20.28 billion of the budget. Statutory expenditure will take up P21.01 billion. Serame said she saw growth potential for the economy through improvement in export earnings, particularly in the diamond mining industry and the formalisation of the African Continental Free Trade Area. Rare pink diamond from Botswana worth R640 million set for auction in New York A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at $35 million (R640 million), is set to be auctioned off by Sotheby's as part of its Magnificent Jewels sale in New York in June. "Its refined lines combined with the intensity of its color earn it a place as one of the world's most extraordinary gems," Tom Moses, executive vice president and chief laboratory and research officer at the Gemological Institute of America said of the cushion-cut diamond. According to Sotheby's, the stone, which was mined in Botswana, is "comparable to ultimate masterpieces of art -- far rarer than a Magritte or a Warhol," thanks to its clarity and lack of imperfections. Pink diamonds are among the rarest and most sought-after gems in the world and considered a major draw for investors. The record for highest-ever auction price for such a stone is held by the CTF Pink Star, which was sold for $71.2 million in Hong Kong in 2017. The Williamson Pink Star diamond, which sold for $57.7 million in 2022, also in Hong Kong, holds the record for the highest price per carat, at nearly $5.2 million. × SCHOLARSHIPS SHOW THE WAY: STRONGER TOGETHER The Canon Collins Trust announces major new scholarship funding to advance social justice causes, saying the power of networking addresses the urgent need to support African thought leadership. A South Africa based NGO, the Canon Collins Trust, has announced 57 new university scholarships in fields relating to social justice for the 2023 academic year, bringing its total investment in the country to nearly R300 million since 2004. The scholarships are mostly at postgraduate level. A spokesperson for the organisation said the scholarships were unique in that they are awarded not only for academic merit but also based on the scholar?s personal vision for justice and willingness to work for change with other scholars across the network. For example, scholar Andani Tshiitamune, age 27, is carrying out research at the University of Cape Town into producing vaccines that even the poorest countries can afford. She says ?the financial support provided by the scholarship offers a much-needed relief ? however, the greatest reward of this scholarship lies beyond financial benefits. The opportunity to be part of a whole community of like-minded scholar activists and social justice advocates is truly invaluable?. Concerned about how poor health afflicts African countries, Andani is working on developing a cost-effective universal influenza A vaccine. The Trust?s CEO, Stuart Craig, said southern Africans are distinguishing themselves in their diverse fields across the globe. ?But the most remarkable feature of the programme is that 96% of Canon Collins graduates continue to work in and serve the region by remaining in Africa? he explained. He added that in its forty-year history the Canon Collins Trust has awarded over 4,000 scholarships to southern Africa?s exiles, activists and leaders. Based on the belief that Africa?s greatest wealth is its people, the NGO argues that scholars? ideas, creativity and solutions are the key to a free and open southern Africa, especially for those from marginalised communities and sub-communities. While scholars come from diverse racial and ethnic backgrounds, special consideration is given to those who will be the first in their family to receive a postgraduate degree. Some are the first in their village to receive a degree, whose attendance at university is funded and supported by their entire community. The Canon Collins Trust says this is a powerful manifestation of ubuntu, the southern African philosophy of spiritual generosity and human interconnectedness. ?Every year, those of us who participate in the selection process are profoundly impressed (and often deeply moved) by the achievement of candidates in even getting to the stage of submitting applications. Many applicants come from challenging backgrounds which have not made their progress through schooling and first degrees easy. They are often the first in their family to have higher education. They are often financially and practically supporting other family members at the same time as pursuing their studies?, said John Richmond, a supporter of the Trust who coordinates a group of mostly British teachers who together fundraise annually for some of these social justice-oriented scholarships. But while this investment begins with financing access to postgraduate education, the organisation insists this cannot be where it ends. The vision of an open and just society requires all these empowered leaders and activists to compound their potential through support and collaboration. ?In a world that is increasingly polarised and competitive ? in which energies and bonds are stretched across vast geographical and ideological spaces ? the real challenge is to create pathways that keep people connected and allow southern African change-makers to maintain focus on each other?s common purpose? said the CEO. ?The path to transformation and social impact is neither easy nor possible to undertake alone?. Access to the scholarship is the first step in a programme of network-building between scholars, alumni and social justice organisations. ?You will find us scholars arranging Zoom meetings to support each other. You will find us meeting at our annual conference to inspire each other in our individual work and create opportunities to collaborate and make an impact together as scholars,? says PhD scholar Athenkosi Nzala (University of Pretoria), age 31, whose research seeks to ensure that everyone has access to an equitable and quality primary and secondary online education. ?As I am being supported by the scholarship to train teachers for online teaching, so the scholarship also bolsters the dreams of many Africans of all ages who want to pursue formal and informal learning opportunities? he said. A case in point is former Canon Collins Trust scholarship recipient and now Professor Maano Ramutsindela, who became the University of Cape Town?s first African Dean of Science in 2019. Having also served as a Board member of the Trust he says: ?It is important for me as the Dean of Science to think of how we can transform science and make it more relevant to the social issues the country, region and continent are faced with. Canon Collins has over the last few years emphasised a sense of urgency for change. I never thought it would come to rest on my shoulders, but as the Dean I am now an agent of change. I feel that Canon Collins has prepared me with the value system that will guide me in my dreams of what this place could become.? Notes for Editors: The Canon Collins Trust?s mission is to build a community of change agents across southern Africa who create and use knowledge for positive social impact. Through their higher education funding, project grants and international events programme, they are cultivating a space where activism and research meet. The Trust began in 1981 as a response to Apartheid-era repression, with scholarships awarded to exiled South Africans and Namibians with the potential to become leaders in the future. It has evolved into a southern Africa region-wide programme of support to potentially transformative leaders committed to safeguarding African interests and people, including advancing the decolonial project in a shared and sustainable way. The Trust?s spending on scholarships and networking is derived solely from fundraising including grant-making foundations, private individuals making gifts in memory of loved ones and cause-related crowdfunding. Website: www.canoncollins.org For further information and photos Catherine Sofianos 072 767 1115 | catherine@canoncollins.org × AKANI-LESOTHO OFFICIALLY LAUNCHED SOUTH African financial services company, Akani Group, has officially launched its locally subsidiary, Akani-Lesotho. The launch of Akani-Lesotho at Maseru Mall at the weekend adds to the growing list of pension fund administrative companies in Lesotho. Akani-Lesotho had on 12 December 2022 been registered and issued with an operating license by the Central Bank of Lesotho in terms of section 59 of the Pension Funds Act of 2019. ?Akani Financial Services (PTY) LTD has been duly licensed as a Pension Fund Administrator by the Central Bank of Lesotho as the Regulator of Pension Funds in terms of section 59 of the Pension Funds Act, 2019 and Pension Funds (Registration and Licensing) Regulation, 2020,? states the company?s operational certificate. ?The license shall remain in force for a period of one year from the date of issue unless it is suspended or revoked by the Regulator of Pension Funds. The Regulator may amend the terms and conditions of such registration from time to time,? it says. Since its establishment over two decades ago, Akani Group has evolved into one of the largest black-owned players in the financial services industry in Southern Africa; and is the brainchild of South African billionaire Zamani Letjane. Speaking at the launch, Mr Letjane, who is the Akani Group chairman, said he was confident that his company would create waves in Lesotho?s financial services sector. ?We want to create employment and wealth for Basotho because they are our future clients. But we can only achieve that when we work hand in hand with other financial service providers,? Mr Letjane said. The company had experienced some hurdles on its way to obtaining an operating licence but all had worked well in the end. It was now raring to go. ?We have been in Lesotho for many years but we were not registered (to offer a full spectrum of services). We had to wait until 12 December 2022 to get a licence. Patience has taught me as a businessman that timing is a critical quality to have when one has a vision,? Mr Letjane said. The Akani Group took its corporate social responsibility obligations seriously by giving back to communities, Mr Letjane said. ?We have been able to help the less privileged in Botswana, South Africa and Lesotho where we have branches,? he said. Services offered by Akani-Lesotho include employee benefit administration, family cover administration as well as other financial management options. × GOVT APPROVES FINANCIAL CONSUMER PROTECTION REGULATIONS HE government has approved the Financial Consumer Protection (Disclosure of Credit Information) regulations of 2023, which, among others, shall apply to consumer credit agreements issued by Financial Service Providers as licensed by the regulator. The objective of these regulations is to establish a consistent disclosure regime of essential information on credit agreements on financial products and services. This has been revealed in a government gazette published this week. The Central Bank of Lesotho (CBL), under the leadership of Dr Maluke Letete has also contributed massively towards the implementation of the regulations as the regulator. In these regulations, a financial service provider shall have formal written policies, procedures, and frameworks for consistent disclosure of essential information on financial products and services duly approved by its board. ?The board and management of a financial service provider shall be responsible for compliance with the requirements of these regulations. The board shall further ensure that management is implementing policies on consistent disclosure of essential information on financial products and services,? the government revealed in the gazette. It was further shown that a financial service provider shall issue a Key Fact Statement to all consumers requesting information or seeking to obtain a consumer credit product. The content of disclosure of the Key Fact Statement in sub-regulation shall be provided depending on the stage of service or product being offered. For instance, a Key Fact Statement for a credit product shall contain the name of a financial service provider, an address of a financial service provider, the name of a consumer, contact information, disclosure or application number, and the date of issuance of the Key Fact Statement. On the other hand, a Key Fact Statement for a credit product shall contain a type of loan whether secured or unsecured, a loan summary, the cost of credit as well as repayment schedule. A financial service provider that advertises or displays information through a website for instance, shall exhibit a generic Key Fact Statement through a hyperlink permanently displayed near a promotional advert with a warning regarding important information about a consumer loan and allows a consumer to apply for a loan through online means. A financial service provider that offers an option to submit a loan application online shall provide a simulator feature that allows a consumer to customize their Key Fact Statement at the shopping stage before submitting a formal loan application among other things. Furthermore, a financial service provider re-issues a Key Fact Statement before a credit agreement is signed where the information included in a credit agreement differs from a Key Fact Statement provided at a pre-transactional stage. Those who provide credit through digital channels are required to present a simplified Key Fact Statement when a consumer is inquiring about loan information. × KING URGES NEW GOVT TO TURN LESOTHO FORTUNES AROUND IS Majesty King Letsie III says the 11th Parliament is determined to turn Lesotho?s fortunes around and will work in collaboration with all stakeholders to bring into operation programmes geared toward stimulating economic growth. He made these comments on Thursday during the official opening of the first sitting of the 11th Parliament of Lesotho. This, after the October 7 general elections, which saw mining magnate, Sam Matekane?s newly formed Revolution for Prosperity (RFP) forming a new coalition government with the Alliance of Democrats (AD) and the Movement for Economic Change (MEC). ?My government is determined to turn around Lesotho?s fortunes and to this end will work in collaboration with all stakeholders to bring into operation programmes that are geared towards stimulating economic growth. ?This will be in areas such as investment in agro-industry, food security, and nutrition, effective management of national water resources to meet the needs of current and future generations as well as selling water to neighbouring countries like South Africa and Botswana,? said His Majesty. He added that the new government shall among others ensure that bills that could not be passed by the 10th Parliament are treated as a matter of priority and enacted in order to guarantee much-needed progress. ?The government is further cognizant of the fact that there are a number of bills that were not passed by the 10th Parliament and it will act in earnest with the 11th Parliament through its parliamentary committees to ensure that those bills and other important bills are enacted,? he said. The King further showed that the government shall focus on the rehabilitation and construction of roads and other infrastructure projects, generation of renewable energy, improvement of the manufacturing sector, review of the management of natural resources and the mining sector as well as the development of the tourism sector. The government, he said, will remain an active and loyal member of the international community and maintain its membership in international bodies like the United Nations (UN) and all its agencies along with the Commonwealth, the African Union (AU), and the Southern African Development Community (SADC) to name but a few. ?We shall remain committed and loyal to these organisations because we share common ideals and principles which we believe are essential in maintaining regional, continental and global stability, peace and development,? he also said. × BOTSWANA LAUDED FOR ITS ELEPHANT CONSERVATION AT GLOBAL WILDLIFE TRADE CONFERENCE Botswana was lauded at the recent global conference on endangered species trade for its exceptional management of its elephant population. The southern African country is among countries that have adopted the Monitoring Illegal Killing of Elephant (MIKE) programme, managed by the Convention on the International Trade in Endangered Species (CITES), to conserve and manage its elephant population. MIKE is a tool developed by CITES that is used for the monitoring of illegal killing of elephants and also assists in clarifying the source of ivory. Speaking during the event hosted by MIKE following the just- ended annual CITES conference, Botswana?s Minister of Environment, Natural Resources Conservation and Tourism, Philda Kereng stated that MIKE has proved to be a functional monitoring tool for the southern african nation. She said it has been implemented within the context of broader spatial planning initiatives, including the Elephant management and Action plan 2021- 2026, adding that CITES? MIKE is a crucial part of Botswana?s Elephant management plan. Botswana has also developed an Ivory Stockpile Management system to ensure that its stockpile is well managed. The development for this Elephant Management Plan began in June 2018 with four national consultations resulting in the draft plan launched in December 2019, and the final plan launched in March 2021. The Elephant Plan indicates that Botswana is resourced for the conservation and management of wildlife resources including elephants that have decreased as funds have been diverted to other competing resources. ?Revenues generated by protected areas through tourism have dropped by up to 90 percent. Revenues generated from hunting have also been severely affected due to travel restrictions. ?The development of this Plan coincided with the pandemic and, therefore, was cognisant of the emerging challenges facing wildlife managers.? The structure of the Botswana Elephant Plan is based on a Logical Framework format, and the vision and targets are derived from a series of workshops held in 2018 and 2019 to develop this strategy. The objectives include six key components that include: protection and law enforcement; human- elephant conflict management; management of habitats and connectivity; social and economic framework; conservation capacity and coordination and collaboration. Botswana?s Minister of Environment, Natural Resources Conservation and Tourism, Philda Kereng stated that MIKE has proved to be a functional monitoring tool for the southern african nation. She said it has been implemented within the context of broader spatial planning initiatives, including the Elephant management and Action plan 2021- 2026, adding that CITES? MIKE is a crucial part of Botswana?s Elephant management plan. Botswana has also developed an Ivory Stockpile Management system to ensure that its stockpile is well managed. The development for this Elephant Management Plan began in June 2018 with four national consultations resulting in the draft plan launched in December 2019, and the final plan launched in March 2021. The Elephant Plan indicates that Botswana is resourced for the conservation and management of wildlife resources including elephants that have decreased as funds have been diverted to other competing resources. ?Revenues generated by protected areas through tourism have dropped by up to 90 percent. Revenues generated from hunting have also been severely affected due to travel restrictions. ?The development of this Plan coincided with the pandemic and, therefore, was cognisant of the emerging challenges facing wildlife managers.? The structure of the Botswana Elephant Plan is based on a Logical Framework format, and the vision and targets are derived from a series of workshops held in 2018 and 2019 to develop this strategy. The objectives include six key components that include: protection and law enforcement; human- elephant conflict management; management of habitats and connectivity; social and economic framework; conservation capacity and coordination and collaboration. × THE ROLES OF PAP COMMITTEES EXPLAINED Permanent Committees of the Pan African Parliament facilitate the effective implementation of the policies and objectives of the OAU/AEC. The PAP Permanent Committees roles were eloquently explained by the PAP President Hon. Chief Fortune Zephania Charumbira when giving a presentation on the mandate of the permanent committees of the PAP on Tuesday in Midrand, South Africa. Charumbira?s words of encouragement come on the backdrop of the Pan African Parliament (PAP) members are attending the PAP Permanent Committee meetings that started on March 5-9 in Midrand, South Africa. The mandate of PAP is to ensure the full participation of African peoples in the economic development and integration of the continent, therefore the permanent committees provide oversight to ensure effective implementation of policies. According to Charumbira, effective implementation will drive the Africa Agenda 2063, African Continental Free Trade Area, AU Shared Values, Flagship Projects such the Inga Dam Project, Single African Air Transport Market, among others; and further facilitate attainment of AU Theme of the Year: ?The Year of AFCTFTA: Accelerating the AFCFTA Implementation?. Relatedly, the objectives of the Pan-African Parliament promote the principles of human rights and democracy in Africa; encourage good governance, transparency and accountability in Member States; Promote peace, security and stability; Contribute to a more prosperous future for the peoples of Africa by promoting collective self-reliance and economic recovery; Facilitate cooperation and development in Africa; Strengthen Continental solidarity and build a sense of common destiny among the peoples of Africa; and Facilitate cooperation among Regional Economic Communities and their Parliamentary fora. THE PAP PERMANENT COMMITTEES (a) The Committee on Rural Economy, Agriculture, Natural Resources and Environment; (b) The Committee on Monetary and Financial Affairs; (c) The Committee on Trade, Customs and Immigration Matters; (d) The Committee on Cooperation, International Relations and Conflict Resolutions; (e) The Committee on Transport, Industry, Communications, Energy, Science and Technology; (f) The Committee on Health, Labor and Social Affairs; (g) The Committee on Education, Culture, Tourism and Human Resources; (h) The Committee on Gender, Family, Youth and People with Disability; (i) The Committee on Justice and Human Rights; (j) The Committee on Rules, Privileges and Discipline; The Committees shall handle business that is ordinarily handled by the corresponding Specialized Technical Committee responsible to the Executive Council in accordance with Article 14 of the Constitutive Act. SPECIFIC FUNCTIONS OF THE COMMITTEES As for the specific functions of the committees, the Committee on Rural Economy, Agriculture, Natural Resources and Environment amongst other functions: Considers the development of common regional and continental policies in agricultural sector; Assists the Parliament to oversee and assist with the harmonization of policies for rural and agricultural development; and promotes the development policy and the implementation of programs of the Union relating to natural resources and environment. On the other hand, the Committee on Monetary and Financial Affairs shall, amongst others: Examines the draft estimates of the Parliamentary budget and submit to Parliament; Discusses the budget of the Union and make appropriate recommendations; Examines and report to Parliament on the problems involved in the implementation of the annual budget; and Assists Parliament to execute its role of establishing sound economic, monetary and investment policies. Meanwhile the Committee on Trade, Customs and Immigration Matters amongst other roles: Considers matters relating to development of sound policy for cross-border, regional and continental concerns within the areas of trade, customs and immigration; Assists the Parliament to oversee relevant organs or institutions and policies of the Union; and Helps the Parliament to oversee external trade. The Committee on Cooperation, International Relations and Conflict Resolutions shall, amongst others: Considers issues relating to the development of an efficient policy in matters of cooperation and international relations of the Parliament and the Union; Deals with the conventions and protocols linking the Parliament with regional and international institutions and report to the Parliament; Carries out examinations on the revision of Protocols and Treaties of the Union; Assists the Parliament in its efforts of conflict prevention and resolution. The Committee on Transport, Industry, Communications, Energy, Science and Technology shall, amongst others: Considers issues relating to the development of transport and communications infrastructure; Assists Parliament to oversee the development and implementation of policies of the Union relating to transport, communication, science and technology and industry; Considers issues relating to the use of science and technology for the development of the Continent; Helps Parliament to supervise the development policies and the Union implementation programs for matters of industry, science, technology and energy. The Committee on Health, Labor and Social Affairs deals with strategies and programs for the improvement of the lives of African peoples; Considers issues relating to regional and international cooperation in strategic planning and implementation of social development and health policies and programs. The Committee on Education, Culture, Tourism and Human Resources shall, amongst others: Considers issues relating to the development of human resources in Member States;Assists Parliament to promote policy development and implementation of programs of the Union relating to access to education, promotion and preservation of culture and tourism and human resource development. The Committee on Gender, Family, Youth and People with Disability shall, amongst others: Considers issues relating to the promotion of gender equality; Assists × GOVERNMENT COMMIT TO INJECTING MORE FUNDS IN FIGHTING HIV Minister for State President Kabo Morwaeng says government will continue to make resources available in terms of financial allocations and human capital to ensure that Botswana achieves the ideal of eradicating HIV and AIDS as a public health threat by 2030. Morwaeng was speaking this morning in Gaborone at the High-Level Advocacy event to accelerate HIV Prevention in Botswana. He said the National AIDS and Health Promotion Agency (NAPHA), in partnership with UNAIDS, UN agencies, the Global Fund and PEPFAR, have started a process of developing transition readiness plan for sustainability of HIV prevention and treatment programmes. "It is important for us, as a country that has had a fair share of donor support in the response to an epidemic such as HIV and AIDS, to look beyond the period when the level of assistance would have reduced, or ceased, thus calling for domestic financing for all areas which were on donor support." Morwaeng said this is important as the such a plan will guarantee that all the gains accrued from the response with donor support will be sustained until the end when ?we reach the elimination of HIV and AIDS as a public health threat by 20230,? he said. ?I commit to continue support efforts towards strengthened HIV prevention, accentuating HIV primary prevention and treatment as prevention towards Zero New Infections, Zero Stigma, Discrimination and Zero AIDS related death, to end AIDS in Botswana." He reiterated that government commits to tackle legislative, policy and programming challenges that act as barriers to the achievement of the goal of ending AIDS as a public health threat. In the financial year 2022/2023, a total of 119 Civil Society Organizations, including Faith Based Organizations, were contracted with an amount of P100 million to implement HIV and NCDs prevention activities throughout the country, and the money was drawn from the Consolidated Fund. Through an upcoming HIV Prevention Symposium, technical stakeholders will use outcomes to develop the Botswana HIV Prevention Acceleration Road Map for 2023-2025. Morwaeng stated that government will support and ensure that Botswana plays its part achieving the road map. He said there is need to put hands on the deck to ensure that Botswana sustains progress made so far in the fight against HIV and AIDS. ?There are tremendous achievements thus far to, reach and surpass the UNAIDS fast track targets of 95%- 95%- 95% by the year 2025. As reflected by the BAIS preliminary results of 2021, we now stand at 95- 98- 98 against the set targets." "These achievements challenge us to now shift our gears and strive to know who are the remaining 5% for those aware of their HIV status, 2% of enrolment on treatment by those aware of their status and 2% of viral suppression by those on treatment." Explaining this further, Morwaeng said shift in gears should extend to coming up with robust strategies of determining where these remaining people are as well as how they will be reached with the necessary services. "These are just some of the many variables that are required to ensure that as a country, we are well positioned to reaching the last mile of our country's response to the HIV and AIDS pandemic." × STARGEMS GROUP ESTABLISHES TRAINING CENTER IN BW Internationally-acclaimed diamond manufacturing company StarGems Group has established the Stargems Diamond Training Center which will be providing specialized training in diamond manufacturing and evaluation. The Stargems Diamond Training Institute is located at the Stargems Group Botswana Unit in Gaborone. "In accordance with the National Human Resource Development Strategy (NHRDS) which holds the principle that through education and skills development as well as the strategic alignment between national ambitions and individual capabilities, Botswana will become a prosperous, productive and innovative nation due to the quality and efficacy of its citizenry. The Training Centre will provide a range of modules in theory and in practice; from rough diamond evaluation to diamond grading and polishing for Batswana, at no cost for eight weeks. The internationally- recognized certificate offered in partnership with Harry Oppenheimer Diamond Training School presents invaluable opportunities for Batswana to access in the diamond industry locally and internationally. The initiative is an extension of our Corporate Social Investment to the community in which we operate," said Vishal Shah, Stargems Group Managing Director, during the launch of the Stargems Diamond Training Center. In order to participate in this rare opportunity, interested candidates are invited to submit a police clearance certificate and a BGCSE certificate only to the Stargems offices. Students who excel in these programs will have the chance to be onboarded by the Stargems Group. This serves as motivation for them to go through this training with a high level of seriousness. "Community empowerment is one of our CSR principles. We believe that businesses can only thrive when their communities are well taken of. We are hoping that our presence will be impactful to various communities and economies. In the six countries that we are operating in, we have contributed through dedicating 10% of our revenues during COVID-19 to facilitate education, donating to hospitals and also to NGOs committed to supporting women and children living with HIV. One key issue that we are targeting in Botswana is the rate of unemployment amongst the youth. We are looking forward to working closely with the government and other relevant authorities to curb unemployment," said Shah. Currently, Stargems Group has employed 117 Batswana and they are looking forward to growing the numbers to 500 as the company grows. Majority of the employees will be graduates from the Stargems Diamond Training Center. This initiation has been received with open arms by the general public and stakeholders. During the launch, the Minister of Minerals and Energy, Honorable Lefoko Moagi, stated that the ministry fully endorses Stargems Diamond Training and will work closely with the Group to support and grow the initiative. "As a ministry, we see this as an game changer that is aligned with one of the United Nations? Six Priority Sustainable Development Goals, which is to Advance Opportunity and Impact for Diversity, Equity, and Inclusion (DEI). What Stargems Group is launching today will have a huge impact on the creation of employment in Botswana. An economy?s productivity rises as the number of educated workers increases as its skilled workmanship increases. It is not a secret that low skills perpetuate poverty and widen the inequality gap, therefore the development of skills has the potential to contribute significantly to structural transformation and economic growth by enhancing employability and helping the country become more competitive. We are grateful to see the emergence of industry players such as Stargems Group who have strived to create such opportunities that mitigate the negative effects of COVID-19 on the economy," said the Minister of Minerals and Energy. × BUSINESSES URGED TO EMPLOY PEOPLE WITH DISABILITIES Employers have been challenged to overcome their fear of the unknown that has over the years led them to overlook employing people living with disabilities, to grow a more inclusive workforce. There are close to 100 000 persons living with disabilities in Botswana. According to the Quarterly Multi Topic Survey quarter four of 2021, only about 11500 are employed, leaving thousands out of the job market. Recently, the Botswana Council for the Disabled hosted Dr Kedibone Seutloadi, guest lecturer and consultant at Diabalwa Professional Services, to discuss how and why a diverse and inclusive workforce is important for the business community, as well as for national development. The virtual meet also served to launch Dr Seutloadi?s ?Disability Sensitisation in the workplace? ebook. Dr Seutloadi, explained that it is time to challenge the way we think about disability when it comes to employment, adding that one of the barriers to employability of people with disabilities is reasonable accommodations. These are meant to ensure that everyone is able to participate on an equal basis. They include training of persons with and without disabilities, recruitment and selection, benefits and privileges among others which tend to disadvantage people with disabilities. ?Some employers think they will incur more cost restructuring the working environment to make it friendly,? she shared. But she says this should not be the case as besides being a long term investment that will be fruitful for both parties, technology has unveiled useful mechanisms for persons with disabilities to utilise. Language used in the workplace can also be problematic but is one often taken for granted. ?The language we use can be so dangerous and reinforces the negative stereotypes. Avoid language that suggests that the person with disability is frail, sick and depends on others. ?Words and phrases like 'handicapped,' 'physically challenged,' 'suffers from or victim of,' should be avoided. That person is not a victim. They have all the right to be there to use all the abilities they have, that they would have been hired for,? Dr Seutloadi explained. ?In some documents you find written ?PWD? to refer to people with disabilities, we are not acronyms, why do we believe others should be? If you are confused and do not know what to write, its better you just refer to the person by their names.? Her book, which Dr Seutloadi described as an indispensable tool for human resources to master compliance while nurturing their diverse and dynamic workforce among others, does not only have real-life examples of situations for HR professionals but also gives a simple but broad overview of disability in the hopes that it will help others have open and honest conversations. Meanwhile, Executive Director of the Botswana Council for the Disabled, Moffat Louis said there is a need for the civil society to work together with the business community and government to see how best to create opportunities for and absorb people with disabilities. He acknowledged some of the efforts that government have put in place to enhance the participation of persons with disabilities in formal employment. Among them is the internal arrangement within government to have a list of graduates with disabilities sent to the DPSM through the disability office and then when it comes to placement, the Directorate of Public Service Management would then apply affirmative action to fast-track their placement in jobs. ?That has yielded some fruits with quite a number people with disabilities working in government through the initiative. ?The private sector has also made a small improvement in being inclusive and bringing them on board, even though it is not structured,? Louis observed. Still, he said unemployment remains prevalent among people with disabilities, a situation that inevitably robs them of their dignity and diminishes their roles in the community. × MORE AFRICAN COUNTRIES INVITED TO US-LED DEMOCRACY SUMMIT Tanzania, Ivory Coast, Gambia, Mauritania, and Mozambique are set to join other African countries who were invited to a three-day US-led Democracy Summit, a mostly virtual affair co-hosted by Zambia, Costa Rica, the Republic of Korea and the Netherlands. This will be a follow-up summit to the inaugural gathering of 2021. Of concern is the backsliding of democracy in Africa, mostly in West Africa where coups are making a comeback. The summit is also of importance to the US since its rivals, China and Russia, are gaining ground on the continent. During the first summit, Tanzania was excluded because of a lack of democracy under the late John Magafuli. With Samia Suluhu Hassan now in power, she has returned the country to political pluralism. Last month, former presidential candidate Tundu Lissu returned home from years of exile in Belgium after Hassan lifted a ban on political rallies. Ivory Coast was invited since the country has gradually returned to political stability after tensions reached extreme levels after the 2021 general elections. In 2021, Mozambique was ranked low in the Economist Intelligence Unit's Democracy Index and was flagged as moving from "a hybrid regime to an authoritarian one". The country was also ranked low by the Ibrahim Index of African Governance at 26th out of 54. However, this time around there is a considerable improvement ahead of the general elections next year. Mauritania and Gambia were also invited for the first time as part of the US' policy on integrating more countries into its democracy promotion. The National Security Council's senior director for democracy and human rights, Rob Berschinski, told journalists the summit was more welcoming this time around. "This is a summit for democracy; it's not necessarily a summit of democracies, and despite the fact that we are pitching an extraordinarily large tent, we need to draw the line somewhere. He said: "So, our main message to governments around the world is, as we always do, we want to engage on matters of democratic renewal, strengthening institutions that reflect popular will, and accountability, and transparency. That's not limited, of course, to the Summit for Democracy." US Vice President Kamala Harris is currently on a three-nation African tour that has so far taken her to Ghana. She will also make a trip to Tanzania and finally to Democracy Summit hosts Zambia. Harris' trip aims to build on the promises made during the US Africa Leaders Summit in Washington DC in December last year. As the most senior US official to visit Africa so far, it is expected she will set the stage for a visit by President Joe Biden, which he promised African leaders at the December meet. × WHO GETS WHAT IN BOTSWANA'S R108-BILLION NATIONAL BUDGET Botswana's Finance and Economic Development Minister Peggy Serame presented a P79.79 billion budget (R108 billion) that she said was geared towards delivering broad-based transformation, creating new wealth prospects and expanding economic opportunities for all Batswana. She said this would be done "through a growth model that leaves no one behind". According to Serame, Botswana is moving towards its goal of being a high-income country by 2036. However, this can only be done through directing "our resources to areas that will significantly change the lives of Batswana and create new, sustainable economic opportunities", according to her. Serame said while presenting this year's budget, the economy was being weighed down by Covid-19 and its emerging variants, the war in Ukraine that was pushing the cost of food production up, increasing unemployment, as well as poor quality projects and implementation. According to data from Trade Economics, unemployment has reached 26% in Botswana, which is up from 24.5% in 2020. Botswana has projected 4% growth and placed importance on infrastructure development in the proposed budget. The Ministry of Education and Skills Development will receive the biggest share of P15.04 billion. This money will be used for salaries and allowances, operational costs for public schools, allowances for tertiary students, including food and books, as well as invigilation costs for national examinations. The health ministry is set to get the second highest allocation ? a proposed P10.31 billion ? which will go towards containing and mitigating Covid-19 infections. The other money will be used for the procurement of drugs and operations at the Ketumile Masire Teaching Hospital, Botswana's first quaternary teaching hospital. Defence and security will get the third biggest allocation of P9.84 billion. The money will go towards security issues that threaten Botswana's sovereignty and territorial integrity and the operations of the Botswana Defence Force (BDF) contingent operating under the SADC mission in Mozambique. Part of the money will also be used for the replacement of the old fleet and operational costs of the BDF, the Botswana Police Service, prisons, and rehabilitation services. The Ministry of Local Government and Rural Development stands to be awarded P8.22 billion. The bulk of the money will be used for upgrading sub-districts to councils. Last year, the Revenue Support Grant was reduced, particularly to urban councils, to encourage them to generate revenue so they could fund their own programmes. However, the allocation is still there this year. Social benefits are also covered under local government and rural development, as well as the procurement of food supplies for primary schools and health facilities. Other ministries will share P20.28 billion of the budget. Statutory expenditure will take up P21.01 billion. Serame said she saw growth potential for the economy through improvement in export earnings, particularly in the diamond mining industry and the formalisation of the African Continental Free Trade Area. × RARE PINK DIAMOND FROM BOTSWANA WORTH R640 MILLION SET FOR AUCTION IN NEW YORK A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at $35 million (R640 million), is set to be auctioned off by Sotheby's as part of its Magnificent Jewels sale in New York in June. "Its refined lines combined with the intensity of its color earn it a place as one of the world's most extraordinary gems," Tom Moses, executive vice president and chief laboratory and research officer at the Gemological Institute of America said of the cushion-cut diamond. According to Sotheby's, the stone, which was mined in Botswana, is "comparable to ultimate masterpieces of art -- far rarer than a Magritte or a Warhol," thanks to its clarity and lack of imperfections. Pink diamonds are among the rarest and most sought-after gems in the world and considered a major draw for investors. The record for highest-ever auction price for such a stone is held by the CTF Pink Star, which was sold for $71.2 million in Hong Kong in 2017. The Williamson Pink Star diamond, which sold for $57.7 million in 2022, also in Hong Kong, holds the record for the highest price per carat, at nearly $5.2 million. 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