Connect with us

Business

Motswana furniture manufacturer in Kanye aims high

Published

on

Kefentse Baitshoki was inspired to start his own company, Baitshoki Investments, and create employment for other youths in Kanye after working as a furniture manufacturer for four years. Baitshoki, 33, told Sun Business that he started the furniture manufacturing company because he wanted to use his skills to meet people’s needs and also create employment. The company specialises in manufacturing couches, slay beds, car seats and upholstery.

He also repairs damaged furniture and car seats. Baitshoki was motivated by his experience gained in working for a furniture manufacturing company. “I was employed as a furniture manufacturer and through the skills and knowledge I acquired I realised that I can also do this business and create employment for other young people and contribute to economic development,” he said.

He acquired business skills through training at Local Enterprise Authority (LEA). “I enrolled in LEA training in 2012 when I was still working with my friend who was also running a business”. He started the business using his own personal savings. “The business required a lot of money to start but I was so determined and could not see lack of funding as an impediment to start, so I used the little money I had to buy the manufacturing equipment,” he said. While still doing business, he applied for Youth Development Fund and was funded to the tune of P100 000.00 to boost the business.

Currently he has five employees. Baitshoki says the business is doing well and the demand for furniture is very high but he is limited by low production capacity. His major clients are the corporate sector and government. “The market demand is very high. The problem is I have little capital which does not allow me to beat my competitors because of less production,” he said. To expand the business Baitshoki said he needs the industrial machines to increase production capacity. “Currently we are using small machines.

The big machines will help us increase the speed of production and will be able to manufacture more furniture,” he said. He is determined to grow the business beyond its current market in order to penetrate the national market. “I see the business being the supplier of other furniture shops countrywide, as our major service is manufacturing. I want to approach CEDA to seek more funding,” said Baitshoki.

Continue Reading
Comments

Business

UN, De Beers launch programme for Women

Published

on

The most recent opportunity for women entrepreneurs is the United Nations (UN) and De Beers project – a three-year capacity-building programme to improve the livelihoods of more than 1,200 women micro-entrepreneurs in Botswana, Namibia and South Africa.

Launched last month, the project is tailored specifically for each country, and is expected to be delivered with local implementation partners and focus on regions that have high levels of unemployment and where formal job opportunities are limited.

“Through these programmes, we hope to equip women entrepreneurs with the skills, training and confidence to build successful and sustainable businesses,” said Bruce Cleaver, Chief Executive Officer, De Beers Group. Cleaver believes the project will help prop up communities’ economic activities, as women are proven to reinvest more of their income back into the community and to actively support the creation of jobs for others.

According to De Beers Group the beneficiaries will be equipped with management skills to build confidence and capacity to operate and grow successful small businesses. Anne Shongwe, UN Women Representative, South Africa Multi-Country Office said the programme aims to complement national efforts on job creation and economic empowerment of women.

“Investing in women’s economic empowerment, particularly with women in the informal sector, sets a direct path towards gender equality, poverty eradication and inclusive economic growth,” said Shongwe.

She further said investing in the capacity development of women micro-entrepreneurs leads to women having higher incomes, better access to and control over resources.

The programme is part of De Beers Group’s three-year partnership with UN Women, which includes a US$3 million investment to advance women and girls in De Beers Group’s diamond producing countries, announced in September last year. Over the past years women pioneers who have passionately grown local businesses include, Theresa Mokoka, renowned female farmer in Kweneng, Nkata Seleka, founder and owner of Sleek Foods, among others.

Continue Reading

Business

Seed Co lists on the BSEL bourse

Published

on

Seed Co, the Africa-focused seed company has listed its shares on the Botswana Stock Exchange Limited (BSEL) effective 5th October 2018. The shares for the Zimbabwean based company started trading on the same day.

“This is a primary listing by way of introduction of the issued share capital of Seed Co, comprising of 379,331,127 of ordinary shares on the main Board of the BSEL,” reads BSEL media statement. Seed Co is a leading certified seed company authorized to market seed varieties developed by itself, government and other associated seed breeders in over fifteen (15) African countries. The company is involved in the breeding, multiplication and distribution of mainly hybrid seed varieties.

In commenting on this milestone by Seed Co, the Chief Executive Officer of BSEL Thapelo Tsheole highlighted that, “this reinforces the value of listing companies on the exchange as this listing reiterates that for companies that wish to raise capital or increase visibility in the market, the stock exchange is the right avenue”. He further said BSEL is happy to welcome a company of Seed Co’s stature to the market.

Continue Reading

Trending