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PPC gives to Tlamelong Rehabilitation Centre



PPC Botswana has invested more than P1 million towards Tlamelong Rehabilitation Centre to support its projects and promote awareness, self reliance and sense of responsibility. Speaking during the horticulture project handover on Thursday, General Manager Tuelo Botlhole said they continue to work with communities in which they operate. He said this was in accord with the country’s national Vision 2036, some of which pillars call for achieving prosperity for all through Sustainable Economic, Human and Social Development.

“PPC Botswana is committed to assisting in the achievement of these national goals. It is for this reason that we have found it fit to partner with the Lady Khama Charitable Trust and the Red Cross to assist in the delivery of this greenhouse facility,” said Botlhole. Botlhole said through PPC donation, Lady Khama Charitable Trust has over the last several years committed to providing assistance to Tlamelong Rehabilitation Centre in building the greenhouse tunnels. The centre has also received a fully-fledged borehole that will sustain the horticultural projects undertaken.

Through the project the centre will produce tomatoes which will be sold to the local supermarkets. “It is our hope that the good harvest that comes out of these greenhouse tunnels will go on to improve the sustainability of this great centre which provides some of the most critical services to our community. “I’m reliably informed that there are already some retailers who are willing to purchase the good produce, a move that will help provide the facility with much-needed cash to address daily needs,” he said. Botlhole said their view is that giving back to the public and community is critical in assisting the development and maintenance of community’s livelihood. He appealed to other corporates to participate in sustainable giving.

“It’s our responsibility to ensure that the causes we give to are able to survive beyond the giving. This is the only way that we can avoid a situation where projects lack longevity and fail to achieve their intended purpose,” he said. Botswana Red Cross Society Secretary General Mabel Koketso said Tlamelong Rehabilitation Centre was established in 1974 with the aim of improving lives of people living with disabilities. “It is also the Centre’s aim to build human resource potential in the community by including people living with disabilities, their families and community members,” she said. Currently the Centre houses 90 trainees who specialise in horticulture or textile training for two years.

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Matambo calls on financial sector to pick GDP



Finance Minister, kenneth Matambo

Finance Minister Kenneth Matambo has announced that government is committed to support financial service sector to prop up the country’s Gross Domestic Product (GDP).

Currently contributing over 13 percent to GDP, Matambo said the sector has potential to increase its share. “Hence government’s interest in the sector,” said Matambo addressing delegates at the inaugural Botswana Insurance Holdings Limited (BIHL), Global Financial Summit.

The country has built a strong, resilient and fast growing financial sector underpinned by a robust regulatory framework. The finance minister who is expected to step down next year, noted that government’s commitment to the financial service sector has this year been buttressed by a number of laws passed in July relating to money laundering activities.

In addition, Matambo said the continued investment in the development of information, communication and technologies (ICTs) backbone infrastructure is also to support local banks’ rising appetite for online services.

The Minister said the country remains committed to maintaining micro-economic stability to spur private sector participation in the economy. “Our vision is to become a high income country by 2036,” said Matambo, challenging the private sector to step forward and help government to develop the country, bemoaning the low levels of financial inclusion and shallow domestic capital markets.

He said the private sector should come up with more initiatives to develop further the local capital markets. The Minister’s sentiments were also shared by Martin Davies, Managing Director for Emerging Markets and Africa at Deloitte who has challenged the country to start dealing with its low manufacturing value add.

“How do we start to diversify beyond the single commodity economy,” quizzed Davies, adding that manufacturing increase is vital for low inequality across the country.

“Inequality results in bad public policy, as the state starts to believe and think they have to intervene more,” said Davies, highlighting that the country needs to move away from the absolute concept of state drive growth. Meanwhile, minister Matambo has applauded the private sector for leading economic dialogue in the country through events such as the BIHL Global Finance Summit.

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First Lady advises women entrepreneurs

Keikantse Lesemela



First lady, Neo Masisi

First Lady, Neo Masisi has urged women entrepreneurs to bring change in the economic development of the country and the rest of Africa.

Speaking during the Lioness Lean in Africa breakfast on Friday, Masisi said women entrepreneurs are remarkable engines of economic growth and job creation. “I believe women entrepreneurs hold incredible potential and credentials on the continent because Africa has the highest percentage of women entrepreneurs in the world.

It is projected that millions of much needed jobs will be created over the next decade and these will be created predominantly through small businesses which are mostly run by women,” said Masisi.She highlighted that women entrepreneurs are also the most powerful engine for equitably distributing growth and they are also solutions for addressing inequality on the continent.

“It is a proven fact that for many generations, women understand the simple concept of barter and commerce. These are the role models of our past and our present and they will continue to inspire new generations to do more for business to grow,” she said.

The Lioness Lean In Breakfast Series brings together inspirational and successful women entrepreneurs to share, inspire and connect with the next generation of great women-led start-ups.

The platform is based on a breakfast networking and speaker presentation format, which has been organized in locations across the African continent for the past year by Lionesses of Africa, empowering over one million women entrepreneurs across the continent.

Stanbic Bank Botswana Head of Personal Markets, Omphemetse Dube said they are pleased to bring the Lionesses of Africa Lean In platform to Botswana once again to bring together women entrepreneurs in the country and help to nurture their growth further.

“Botswana is blessed with a number of thriving female entrepreneurs, and the potential for the next generation of talent is strong. Platforms such as this are therefore paramount in growing the cause and we as a bank are proud to help champion that movement further,” said Dube.

Founder and CEO of Lionesses of Africa,Melanie Hawken noted that Gaborone is a growing and exciting centre for women’s entrepreneurship in Africa. “This is a must-attend event for women entrepreneurs in the country as it gives them the opportunity to hear the inspiring entrepreneurial stories of women who are building great businesses here,” she said.

The annual Lionesses of Africa event allows entrepreneurs to benefit from the insights and advice of women entrepreneurs who have seen and experienced it all and to also provide an excellent opportunity for networking.

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