Connect with us

Business

Women entrepreneurs celebrated

Published

on

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

Continue Reading
Comments

Business

‘Manufacturing holds key to economic growth’

Published

on

Barclays bank’s economist Naledi Madala has urged the country to consider manufacturing, as a key tailwind to drive the economy and reduce inequality.

She was speaking at a gathering organised by the bank which focused on economic outlook for 2019. “We should not make a mistake of leapfrogging without manufacturing,” said Madala, lamenting that the country’s diversification remains a pipeline dream, as the diamond is still the economy’s mainstay. She bemoaned that mining activities in the country could not spring forward diversification, though non-mining GDP has been steady over the years.

“Extractive industries are not good stepping stones for diversification, the sector does not prepare us for the next step,” said Madala at the Barclays’ Economic Outlook Forum Review 2019. The economist further noted that government should confront head-on challenges of productivity and competitiveness to attract the much needed Foreign Direct Investment (FDI). Though diversification efforts continue to hit a brick wall, Madala said the country should expect increased activities in the mining sector hinged to ramp up in coal production in the year ahead.

She also implored government to consider a welcoming attitude towards foreign investors and generous tax incentives to businesses that set up in the country. Madala is also upbeat that the use of public private partnership model could also help diversify the economy coupled with privitisation. “Privitisation will offer opportunities for growth, through the renewed optimism from government, as business confidence has improved,” said Madala.

She implored the government and the business community to access what is going to drive and hinder growth highlighting that key headwinds to growth are income inequality, diversification challenge and productivity, among others. “The pace of poverty reduction has slowed down, while income inequality goes up,” said Madala

Continue Reading

Business

MINISTER BEWAILS BAD REPAYMENT BY YOUTH

Keikantse Lesemela

Published

on

Minister of Youth Empowerment, Sports and Culture Development, Tshekedi Khama has told parliament his ministry continues to face challenges on the repayment of Youth Development Fund (YDF) loans.

Recently presenting the budget to Parliament, Khama said this financial year the ministry has received a total of 2582 YDF applications and approved 983of them to the value of P98 million. He said the programme attracts a high level of interest from youth but the ministry is only limited to funding a maximum of 1200 youth projects annually due to budget limitations.

“However the greatest challenge for the Fund is the repayment of the loan component by the majority of the youth businesses. The youth have advanced number of challenges for this including high rentals for operating spaces, low market access owing to tight competition and limited production capacities,” said Tshekedi, adding that they continue to pursue beneficiaries to repay the loans.

Out of the 919 businesses funded 1058 jobs have been created. The minister highlighted that disbursements of funds will continue to be undertaken until the end of the financial year. “The YDF is currently under review in line with the pronouncement made by the President, Dr Mokgweetsi Masisi in the State of the Nation Address, to improve beneficiaries through training, and encourage consortia and cooperatives,” said Tshekedi.

The ministry assists YDF beneficiaries in marketing their products and services through fairs and exhibitions. The ministry also runs entrepreneurship-training seminars for youth and in the past year 3692 young people were trained. Over 600 youth businesses attended fairs and exhibitions to market their products and services. Currently the ministry is collaborating with Local Enterprise Authority (LEA), First National Bank Botswana and Citizen Entrepreneurial Development Agency (CEDA) on training in entrepreneurship development and mentorship of YDF beneficiaries.

Continue Reading

Trending