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Botswana urged to finance its infrastructure development

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Insfrastructure development remains key to economic development

South African company, MNCapital Group has challenged the local development players to reconsider traditional and alternative sources of financing the country’s infrastructure needs.

MNCapital is a leading international investment advisory and communication firm with focus on specialist institutional business development services to emerging and frontier market corporates, governments, pension and sovereign funds. Michael Ndinisa, MNCapital Group Chief Executive Officer said a lot of money is being taken outside the borders of Botswana. “There is no reason why Botswana, the gem of Africa and the continent’s success story on how to exploit the riches that come with natural resources should lack public infrastructure,” said Ndinisa.

He bemoaned the amount of money managed in the country and funds expatriated out of the country.  Ndinisa said Botswana is one of the countries that can finance its infrastructure needs leveraging on its local currency and hard assets. As part of efforts to change the narrative to Botswana’s infrastructure needs, MNCapital Group and African Alternative will host the first-ever Botswana Infrastructure Investment (BII) Summit and the Botswana Asset Owners and Managers (BwAOM) next month. The event slated for 20th and 21st February respectively convenes both public and private sector stakeholders to examine traditional and alternative sources of financing for Botswana’s infrastructure need.

In addition, the asset owner’s forum will explore the role of pension funds and insurers on the country’s infrastructure financing ecosystem.According to Ndinisa, the summit is the first step towards developing an ecosystem of asset owners, fund managers and investment professionals with an appetite to invest in infrastructure.

Some of the speakers billed to lead the discussion at the events are Gosego January, Chief Executive Officer, Debswana Pension Fund, Davies Pwele, Head of SADC Coverage, Business Development at Development Bank of Southern Africa (DBSA), Vuyo Hlompho Ntoi, Investment Director of Southern and Central Africa at African Infrastructure Investment Managers (AIIM) and Ahmed Attout, Chief Capital Markets Officer at African Development Bank (AfDB). MNCapital is a leading international investment advisory and communication firm with focus on specialist institutional business development services to emerging and frontier market corporates, governments, pension and sovereign funds.

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Cell City rewards customers

Keikantse Lesemela

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Cell City gave away two Toyota Hilux pick up cars worth about P300 000 and three Hisense televion sets worth P15 000 each to their customers through their annual competition.

In partnership with Hisense and Orange Botswana, Cell City conducts annual competitions to reward their customers and contribute to citizen empowerment. Handing over the cars on Friday, Cell City Chief Executive Officer, Brian White said through the competition they want to satisfy their customers and give back to the community. “Cell City and Orange clients were given a chance to win either a Toyota Hilux pickup or a Hisense television set.

All they had to do was purchase any Hisense mobile phone from a Cell City or Orange retail outlet and fill in the competition form in the store,” said White.Thato Ntshabele, who won one of the cars told the Business Trends that she bought a Hisense cell phone worth P900. 00.

“I never expected that I can win a car. I was just filling the forms and dropped into the entry box and I forgot about it. I am so happy to receive this prize and I thank Cell City for this opportunity,” said Ntshabele. Another winner, Dimakatso Mmusi expressed his excitement saying he had always wanted a van and he is grateful to Cell City.

“I just bought a cell phone worth P899.00 at Cell City Railpark mall, I never expected anything, and I was just submitting the form as I was requested by the shop assistants. This car is very useful to me,” said Dimakatso.

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Smecha chillie hits the shelves

Keikantse Lesemela

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For the love of food and the passion to apply modern technology processes in food manufacturing locally, Kgalaletso Mothoagae established her own brand, Smecha specializing in relishes.

She processes and packages chillie in 325 gramms and 1 litre bottles selling at P50 and P150. She told the Business Trends that she decided to process chillies as it is one of the products that are rarely processed in the food industry.

She started cooking it for home consumption and later started selling to friends and currently the product has gone beyond borders at South African Spar shops and Restaurants. “I couldn’t look for any other vegetable as most of them have already been processed in the market. It is my first product of research in the food industry so I found out that I can do good business with this product. This chillie is free from preservatives but still has extended shelf life of 6 months,” said Mothoagae

The Kanye born young lady studied food technology and has the passion to explore the food processing market in Botswana and contribute to reduce the high food import bill. “I wanted to explore more about food and use my skills to contribute to the development of the local food processing and manufacturing industry. I also wanted to supplement my income at the same time,” said Mothoagae.

She has a degree in Food Technology. She says there is a lot of potential for business growth as there is a demand for the product locally and in South Africa. “My main customers are individuals in homes, they have embraced the product, and they love the taste. There is also a market that has been secured in SA; it is available in several shops like spars and some restaurants”. In future, Mothoagae said she would increase the product range to 10 using various vegetables and flavours.

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