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Modibedi to take his welding business outside Botswana

Keikantse Lesemela

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Local enterepreneur, Edson Modibedi aims to penetrate the regional market through artistic and quality products he produces from his small firm in Newstands Gaborone.

Modibedi started his registered his welding company, ET MOD Investments in 2013 which is currently trading as Classic Collection Club located at Newstands Council market. He manufactures tables, flower pots, garden chairs, wine rags, flower pots anther furniture.

He told the Business Trends that he believes his products can make it in the international market because he is highly skilled in design and produces the best products. “I am talented in design skills so my products are always unique and beautiful. They are always attractive to customers,” he said. He has worked as a welder for three years and this increased his skills and experience in the field.
Recently he got first prize at the Gaborone City Council’s mini show fair organised by the Poverty Eradication Unit. The City gave him the opportunity to showcase his products at the Consumer Fair at the end of August.

Currently he has two employees. Modibedi, who is a beneficiary of Poverty Eradication Program also wants to expand his small production to mass production. However, he is limited by equipment as he only uses manual equipment. “I need modern equipment which will enable me to speed up production and save time. The current machines are slow and this limits my production. I (also) want to export my products, ” he said.

Modibedi revealed to the Business Trends that Poverty Eradication Programme funding model contributes to low production and stunted growth of Small, Medium Macro Enterprises as they do not offer enough equipment required to start up the business. “They only provide few equipment which are not sufficient and this limits production levels. Even if we have submitted quotations of all the machinery we need they alter it but during the first application they do not give us the maximum amount they give,” said Modibedi.

The Poverty Eradication Programme is geared towards assisting Batswana to attain food and economic security, and at a minimum, sustainable livelihood among the disadvantaged individuals and families. The programme issues equipment worth between P35 000 to P45 000. Modibedi is currently designing a unique table with five legs using steel and rubber from car tyres. He is currently seeking funding from institutions to help him achieve his goals to produce in large quantities and supply big furniture shops locally and regionally. Currently his major clients are organizations and individuals.

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OLOPENG HEAPS PRAISE ON BSE FINANCE CHALLENGE

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Minister Thapelo Olopeng

Botswana Stock Exchange’s annual finance and investment competition for secondary school students has been applauded by the Minister of Tertiary Education, Research, Science and Technology, Thapelo Olopeng.

The initiative, a capital market awareness tool that has been running for the past seven years, is increasing financial literacy and a culture of investment among young people. The initiative will see the country raise future billionaires through the stock markets. “It is a breath of fresh air to have tertiary students who are financially literate, who can manage their finances,” said the minister.

He urged students to invest even the smallest allowances they earn and have a hassle-free life after university. “Investing on the stock exchange is not only preserved for the rich, but for anyone with a bank account,” said Olopeng.

The minister said the secondary schools finance and investment competition is participation of the private sector in bridging the knowledge divide.Olopeng said the private sector participation augments his ministry’s efforts of providing and building knowledge and innovation through the development and implementation of the policy on tertiary education, research, science and technology to transform the economy from a resource based to a knowledge based.

“In this connection, we will continue to empower our students in order for them to lead better and successful lives which can propel them into the innovation ecosystem,” said Olopeng. BSE Chief Executive Officer, Thapelo Tsheole said the Senior Secondary Schools Finance and Investment Competition, first established in 2013 aims to sensitise and educate the student community about capital markets, with the strategic aim to increase financial literacy and promote a culture of investing at a young age.

The competition is open to all senior secondary schools across the country, including private and public senior secondary schools.

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WE ARE NOT USING DIAMONDS TO KILL ELEPHANTS, THAT’S HOGWASH! – BOTSWANA MINISTER

The MidweekSun Admin

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Orapa Mine, part of Debswana

Botswana is not using diamonds to kill elephants as alleged by some conservationists after the southern African country announced plans to lift a ban on elephant hunting to address growing conflict between humans and wildlife, a government official has said.

Minister of mineral resources, Green technology and energy security Eric Molale told a mining conference in Gaborone on Monday that the activists were tarnishing the image of Botswana. “That’s hogwash because we as Botswana are [good] conservationists and it is us who worked hard to make sure these elephants [are] brought to the numbers that we do have now,” he said.

“When conflicts arise, it is through consultation, [that we] find out how we can best manage our resources. The people have spoken and we are going to be managing the elephants in the best way that we can.

“We are not culling, we have re-introduced the trophy hunting and if you take 400 elephants per annum for trophy hunting against the 3-5% annual growth rate of the elephant herd that we have…[we are] just barely scratching on the surface.”

Botswana has about 130 000 elephants, the world’s largest population.Molale said Botswana will remain focused on things that are beneficial to the country and will not be distracted by issues spread by people that are not even privy to how things are done in the country.

“We have, however, invited them to come and learn more about what we are doing so they can better understand those important aspects of flora and fauna…”The conflict between humans and elephants had gone up since the ban was introduced in 2014.

Tourism is the second source of foreign income in Botswana after diamonds and conservationists fear that the former will be affected is the government cull elephant.
[Rough and Polished]

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