Saturday, September 23rd 2023

Kavango Resources

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Time for the Kavango story to really start flowing?

“…we are a really good Team with huge experience and most importantly we know what we are doing…”

Botswana is predominantly flat and dominated by the Kalahari Desert, which covers up to 70% of its land surface.The Okavango Delta, one of the largest inland deltas and a popular tourist attraction is located in the Northwest. Botswana has a population of just over 2 million people and is one of the most sparsely populated nations in the world. Around 10% of the population lives in the capital and the largest City is Gaborone. Over the past half century political stability, good governance and prudent economic and natural resource management have helped to secure robust economic growth supported by the discovery of diamonds.

The economy is dominated by mining, tourism and livestock. Having been one of the poorest countries in Africa, with a GDP per capita of approximately US$70 in the late 1960s, Botswana is now an upper-middle income country and, in 2015, Botswana’s gross domestic product was approximately US$18,825 per capita, one of the highest in Africa. Its relatively high gross national income (by some estimates the fourth-largest in Africa) gives the country a modest standard of living and the highest Human Development Index of continental Sub-Saharan Africa.

Despite being landlocked, Botswana has a well-developed infrastructure in comparison to other countries in the region. The country’s road infrastructure remains strong, benefitting from many years of careful planning and investment. There are prospects for expansion of the railway network, particularly as a means to export coal from the Mmamabula coal fields through Namibia to the port of Walvis Bay. The country has a well-developed mobile telecommunications industry with one of the highest penetration levels in Africa. Botswana has 971km of rail lines, 18,482km of roads (23% of which are paved), and 92 airports (12 of which have paved runways).

Mike Moles of Kavango Resources spoke to Doc Holiday here 

Kavango Resources’ Mike Moles talks ‘breakthrough’ from new report on KSZ

The author was not remunerated and does not hold shares in the company