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Queen Elizabeth II inspired hats a fashion craze locally

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Driven by the love for hats, Millinery Miller Founder and Director, youthful Keletso Lobelo realised that she can run a sustainable business and also share her skills with other people. She told the Business Trends that she started the business from her own resources assisted by her aunt.

“I basically had P9 000, it included the course that I took and to buy material. “But now the required fee would be P20 000 or more due to the material it’s expensive and the course fee has increased as well,” she said. She ventured into the millinery industry after noting Queen Elizabeth hats which she realised were unique and outstanding. Growing up she had always wanted to have the collection of hats with different styles.

She enrolled in fashion design course for three weeks before she registered her company. “ I ventured into this millinery industry after seeing Queen Elizabeth hats which I realised give women dignity and honour. “Soon after that I noticed that the millinery hat fashion was penetrating the market as a lot of women putting on the millinery hats at the Durban July horse Derby, Cape Town Derby in South Africa,” said Lobelo.

Lobelo studied Computerized Accounting (Pastel) and she is currently studying AAT. “With the gift of hand work am now able to design by looking at an outfit and know how it blends well with the full attire,” she said. Her major clients include Fashion Icons, bridal teams and church congregants. Her prices start from P250 for fascinators and P500 for hats depending on the designs and quality. Among the challenges she said market penetration is not easy as many people are not familiar with the new style of hats. “It’s not easy to penetrate the market because I am introducing a different style to Batswana.

Now I am working hard to convince them to buy,” said Lobelo. She markets her products through social media platforms and is able to reach more people through the mediums.She has participated in the Youth Business Expos, Miss Botswana 2015 fashion show she will also showcase her products at the 2017 Global Expo and Lao Glam fashion show in Namibia. In future she wants to own her millinery couture and manufacturing sinammay material that is used for millinery hats.

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BSE complies with reporting guidelines

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Botswana Stock Exchange Limited (BSEL) has become the 5th bourse in Africa to comply and publish Environment, Social and Governance (ESG) reporting guidelines.

The development comes a year after BSEL became a partner exchange of the United Nations Sustainable Stock Exchange (SSE) Initiative.“The BSE made a commitment to publish guidance on ESG Reporting. This commitment has been fulfilled.“

We are the 42nd among the 81 SSE Partner Exchanges globally and the 5th in Africa to do this,” said Kgotla Segwe, Market Development Specialist at Botswana Stock Exchange Limited.
Other stock exchanges that have complied with the SSE initiative on the continent are from South Africa, Nigeria, Morocco and Egypt.

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Mobile operators look to digital inclusion

Keikantse Lesemela

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Mascom MD Jose Couciero.

Mascom Chief Executive, Jose Couciero said they are looking into digital inclusion as the potential source of revenue growth because mobile subscription is no longer a major driver.

Botswana has one of the highest records of mobile penetration in Africa at 176 percent, Internet users’ stand at 21.4 percent while the fixed line telephony services stand at 8.2 percent. “As the Botswana mobile market evolves, we observe that mobile subscriber growth alone is no longer a major driver for revenue growth. Rather, the potential for the market is in digital inclusion through access to mobile and fixed broadband,” Couciero.

He said they have invested significantly in deploying their own transmission backbone and Metropolitan fibre rings to prepare their business to enter the residential markets with bundle offers of Internet, voice and content. “I am excited to confirm that we now offer fixed broadband services using both fibre and 4.5G wireless technology. These technologies offer high speed internet for TV live streaming and online games without interruptions,” he said.

Meanwhile, the government owned Botswana Telecommunications Corporation Limited (BTCL) observed the increased usage of social media platforms which has negatively affected the traditional voice call services resulting in decreased turnover for the company. Recently, BTCL Managing Director, Anthony Masunga also highlighted that competition in the telecommunications sector continued to intensify with the entry of new internet service providers leading to a downward pressure on prices.

On the other hand, another competitor, Orange Botswana is currently constructing a data centre which will enable the company to offer telecommunication and internet services without interruptions. The Orange Data Centre will cover 81% of the population with the 2G technology, 62% of the population with 3G technology and 45% of the population with 4G technology, offering the greater levels of security, flexibility and accessibility to data and information around the world.

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