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Liberty launches Business-in-a Box

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Liberty Life Botswana this week launched an exciting reveal, ‘Business-in-a Box’ which is a web enabling system used by agents to capture clients’ information to the system. Business in a Box, a ‘plug and play’ offers a complete suite of services especially useful in peri-urban areas, comprising of a laptop and other data capturing tools such as scanners for bank statements, pay slips, Identity Cards, biometric scanner and a printer amongst other components.

It provides everything on the spot so there’s no need to go to the office. As part of Liberty’s 2020 Strategy, the company strives to be a market leader in technology by continuing to launch more innovative, market leading insurance products, and increasing the quality and quantity of its omni-channel touch-points. Speaking at the launch this Tuesday morning, Liberty’s Head of Business Development, Kgomotso Disele said, “the main aim is to offer financial inclusion as one of the main objectives; being able to go to remote areas and offer insurance solutions to normal Motswana.

“We do not want to be constrained to reach out to our clientele. The other key component of this service is to offer prompt service- we do not want to compromise our services. We are committed to providing instant service.”

This will also help bridge the gap of education among Liberty’s clients, as it brings the advantages of knowing how to process a claim, the terms and conditions of the product. Bank of Botswana together with the regulator NBFIRA and other financial regulatory bodies, have put out a massive call to corporates to play a bigger role in financial literacy to reduce household debt, and to all play their part in protecting the sustainability and stability of the national financial system. Liberty, which currently has only 45 agents has secured two of the Business-in-a-Box kit and is aiming to increase to five atleast by the year 2018.

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SMEs benefit from Consumer Fair growth

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The Botswana Investment and Trade Centre (BITC) has applauded Botswana Consumer Fair’s continued efforts to improve small to medium enterprises’ linkages.

BITC Chief Executive Officer, Keletsositse Olebile, when opening the fair, said the event has provided interactive forum for both local and foreign exhibitors. He said the shopping show has enabled manufacturers, wholesalers and traders to market their products directly to consumers, an alignment to government’s endeavors.

“As part of government intention, we continually encourage local sourcing by retailers and distributors,” said Olebile who is just few months into his new post. He further celebrated the growth of Botswana Consumer Fair over the years, attributing the expansion to quality of goods displayed at the previous shows.“Improved quality and increased variety of wares increases the interest of the visitors and makes them look forward to returning the following year,” said Olebile.

This year’s exhibitors at the 13th event still running under the banner: ‘It is more than just shopping’ have been drawn from Lesotho, Zambia, Swaziland, South Africa, Nigeria, Ghana, Kenya, Egypt, Japan, India, Tanzania and Zimbabwe.

Consumer Fair is a flagship event for Fairgrounds Holdings and provides a platform for small medium enterprises (SMEs) from the different sectors of the economy to showcase and promote their products and services. In addition, the SMEs are expected to establish long term business linkages and promote local manufactured goods.Fairgrounds Holdings is already optimistic that the Fair immensely contribute to the socio-economic development of the country through supporting SMEs.

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‘Involve SMMEs in standards development’-Minister

Keikantse Lesemela

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Minister of Investment, Trade and Industry, Bogolo Kenewendo appealed to Botswana Bureau of Standards (BOBS) to include the Small, Medium and Micro Enterprises (SMMEs) when developing the standards to improve the sector.

She said the Ministry of Investment, Trade and Industry has identified three areas of focus going forward which are modeled on SMME development, investment promotion and export development apexes. “I would like to implore you to include this sector in standards development processes and assist in improving SMMEs conformity to standards and compliance to technical regulations,” said Kenewendo.

Speaking during the BOBS Technical Committee Members appreciation ceremony on Thursday, Kenewendo explained that the important roles of standards are underpinned by the aspirations and intentions espoused in both diversified export led economic growth and job creation as priority areas. “It goes without saying that the diversification of the economy requires a National Quality Infrastructure and Technical Regulatory Framework that promote competitiveness of Botswana goods and services.”

She also emphasized that an effective National Quality Infrastructure and Technical Regulatory Framework are essential as they provide crucial links to global trade, market access and export competitiveness through their contribution to consumer confidence in product safety, quality and the environment.Since inception in 1997 BOBS has published more than 1700 standards through 48 technical committees across several sectors of the economy; 109 certification licences have been issued against some of these standards. Currently 46 Botswana Standards are being implemented through the standards regulations with a view to protecting the health and safety of consumers as well as protection of the environment.

On her note, BOBS Vice Chairperson of the Standards Council, Professor Edward Dintwa said standards are powerful tools for helping organisations that implement them to realize their potential, have access and compete in the global marketplace. “In this highly competitive and complex world, issues of sustainability and productivity, viewed from economic, environmental and societal perspectives require that businesses must be more efficient in their operations, which can be achieved through the implementation of standards”.

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