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Assistant minister of youth empowerment, sport and culture development, Dikgang Makgalemele has challenged potential youth entrepreneurs to exploit the various funding sources within the country.

Makgalemele was speaking at the inaugural Mogoditshane Youth Business Pitso where he expressed optimism on the untapped potential of youth in business. “I am fully convinced that it is possible for youth to excel,” said Makgalemele urging youth to embrace perseverance in doing business.

‘The business world has set some standards. Standards will never be lowered to accommodate you’ He however, highlighted that government has adopted some affirmative action to support growth of youth in business. “Some of the benefits have been ring fenced for you,” said Makgalemele, adding that government has realised poor economic participation of young people, hence putting in place numerous interventions geared at bringing youth into the mainstream economy.

“Youth can access P48 billions of goods and services in procurement this financial year,” said Makgalemele.He said government commitment to youth development is hinged on democratic goals based on the principles of social and economic justice, human rights, empowerment, participation and active citizenship.

Meanwhile, Dr. Segomotso Keakopa, giving a motivational talk at the event urged startups to adhere to record keeping in business. “It’s important to take the issue of record management serious. We need to plan and manage our records properly, so that we can account for our activities,” said Keakopa. She bemoaned that most institutions in the country do not properly manage records in the manual environment, highlighting that the trend should not spill into the digital era.

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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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The MidweekSun Admin



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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