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Women entrepreneurs celebrated

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Women’s Entrepreneurship Day (WED) held today (Wednesday) at Regent Select Hotel, is expected to celebrate the unwavering positives that women entrepreneurs bring to the global economy, as well as inspire and support future generations of women entrepreneurs. The day is intended to empower women and their businesses, as well as gather a think tank of women leaders, which will create an amplified message to expand businesses with social impact in communities locally and globally.

Hosted for the first time in Botswana, the day is historically held on November 19 each year during the Global Entrepreneurship Week. According to Regional Ambassador – WED Botswana, Gomolemo Madikgetla, the event takes the format of a roundtable discussion with presentations and a master class. Speakers and facilitators include; Magdeline Madibela: Head of UN Women, Victor Monggae: Hub Manager at Tokafala enterprise Development, Agang Tshosa: The Clicking Generation Co-Founder and Tony Elemelu Foundation alumni, Dr Roche Mambolo: Founding Director of the LORA Centre for Innovation and Entrepreneurship, Blaga Miteva: Opportunity Creator at Brand Engage and Lily Rakorong: CEO of HATAB.

The roundtable will bring to the fore issues of enteprise development, mentorship, inclusiveness, masterclass: entrepreneurs and catalytic innovation, entrepreneurship and the forth industrial revolution, pitching and speed networking, as well as the importance of scale and leadership, among others.WEB Botswana also promises to provide a platform in which prominent figures, leaders and experts will not only share success stories on a surface level, but also delve deeper into the implementation process of the work of women in business and for sustainability integration.

WED ignites women leaders, innovators, and entrepreneurs to initiate startups, drive economic expansion, and advance communities worldwide.The flagship UN event is live-streamed and celebrated in 144 countries and 110 universities and colleges celebrating Women’s Entrepreneurship Day internationally reaching over 1.4 million people. The WED mission is to empower the four billion women across the globe to be catalysts of change, and uplift the 250 million girls living in poverty globally. “In addition to our mission of empowerment, we are committed to gathering a think tank of inspiring women leaders who can amplify our message of expanding businesses with social-good initiatives in communities around the world.” FAST STATS Women perform 66 percent of the world’s work Only earn 10 percent of the world’s income Account for 85 percent of consumer purchases Control $20 trillion in worldwide spending

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Engen profit goes up

Koobonye Ramokopelwa

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Engen Botswana, the only listed petroleum company is expecting better results for the six months to June 2018 as a result of favourable trading environment. For the six months period to June 2017, the company made a profit of P55,2 million.

Engen, which supplies petroleum products to retail and institutional clients said, compared to the same period in 2017, profits will be higher on the backdrop of rising international crude oil prices. According to available data, oil prices jumped by 20 percent in the first six months of the year to close at $73 per barrel. Yesterday (Tuesday), oil prices were hovering at $77 per barrel.

The firm, like its peers has also been bolstered by government decision to hike petroleum prices in May. Petrol went up by 23 thebe, 45 thebe for diesel and 38 thebe for paraffin, all per litre. Eric Molale, the minister responsible for petroleum products in the country did not rule out any price increase in the foreseeable future on the backdrop of rising international oil prices.

Local users of petroleum products are not even saved by the fact that the National Petroleum Fund-which cushions customers against increasing oil prices, is fast running dry due to alleged misappropriation by those tasked with maintaining it (the Fund).

Meanwhile, Engen which is headed by Chimweta Moonga has told its shareholders that results will be out before this month ends. “Therefore shareholders are advised to exercise caution when trading in the group securities until such time as a detailed announcement is made,” said a statement from the BSE listed firm.

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Graduates urged to be innovative

Keikantse Lesemela

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Botswana Institute of Chartered Accountants (BICA) President, Verily Molatedi has urged graduates to look beyond job seeking and come up with creative and innovative ways to create employment and contribute to economic development.

This Monday, over 400 students graduated from Imperial School of Business and Science (ISBS) from different fields including business management, Association of Accounting Technicians (AAT), finance and banking, human resource management, tourism and hospitality management and advertising. The ceremony was the first batch of students who completed degree programmes in ISBS.

Speaking during the graduation ceremony, Molatedi said the 21st century is awash with many opportunities and challenges but it is only the optimistic that can rise above and turn challenges into opportunities. “I therefore urge all graduates to acknowledge and take advantage of the government efforts in providing facilities beyond tertiary education and contribute towards economic diversification. To this end some of you may have to be entrepreneurs,” said Molatedi.

Molatedi explained that with over 10 000 graduates annually produced in tertiary institutions, graduates must continually build their skills and think innovatively and create their own brands as this will increase their chances of employability globally.

“Employability is about making sure that you diversify your skills, get knowledge for the industry. It is the key to realizing our economic diversification agenda, and hinges on your availability to be enablers in the country’s present and future economy,” said Molatedi.

Imperial School of Business and Science Director, Nidheesh Sharma said graduates have unique professional identity and a set of values and beliefs that will allow them to continue their quest for lifelong learning and distinguish themselves in their chosen paths as the faculties offered are globally recognized.

“Previously we have had many students completing certificates and diploma programmes but this is the first batch to have completed degree programmes. Graduating annually, young professionals were imparted with the knowledge and skills that are required by the regional and global job market,” said Sharma.

Sharma highlighted that ISBS started in 2003 as a BOTA registered institute and in 2011 it registered with Tertiary Education Council (TEC) and started offering Diploma and Advanced Diploma Programmes. “In 2013, the school re-branded from its old name to current name, ISBS. In 2015, ISBS was awarded best upcoming Institution by HRDC and in 2018 HRDC put us in the top three of Private Colleges,” he said.

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