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Women furniture manufacturers take industry by storm

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Three young ladies, Ntebaleng Shatani, Kamogelo Order and Marriam Moloi formed a joint business to utilise their skills and create employment for other young people. Their company Super Ideas (Pty) Ltd specialises in manufacturing and maintenance of couches, sofas, chest of drawers, coffee tables and other furniture. They also repair damaged furniture. In an interview with the Business Trends, Shatani said they started the business because they had passion for running a business and they wanted something to do to earn a living because they were not working.

They started operating in February last year and they are based in Pilane. “The three of us had passion for business and it was at the time we were not working. We agreed that we will use skills we have to start up a business. I had business skills, another tailoring and the other carpentry skills,” said Shatani They were also inspired by other women succeeding in business. It was not difficult for them to start the furniture manufacturing business as they had worked in an upholstery shop and a tailor workshop. “We have the knowledge and experience of furniture manufacturing. Operating this joint business is very easy because each one has her skills required in manufacturing these products. Kamogelo and I worked for 10 months in upholstery shop while Marriam worked for three years as a tailor,” said Shatani. Shatani has a degree in Broadcasting and Journalism while Moloi and Order have Junior Certificates.

They were funded by Gender Affairs to the tune of P270 000.In the first year of operation they have realised that the market is still very good as there is high demand of furniture. “Many Batswana are continually buying furniture as they build new house and renovating. We are working hard to take our business to the next level and grow it,” she said. They are currently producing and selling in their shop in Pilane but they are planning to supply offices and shops this year. They are working as a team of four and they are planning to increase their team with men this year.

Among the challenges she said, is that sometimes the work is heavy as they are all ladies and they are the ones cutting wood and doing all the manufacturing work. Shatani said they are optimistic about their business and see themselves running a big furniture production company that will create jobs for Batswana. “We also want to expand our footprint and have more furniture shops around Botswana,” she said.

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Matambo calls on financial sector to pick GDP

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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

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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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