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Mathubudukwane hosts Dinokeng Business Expo



The annual Dinokeng Business Expo this year will take place over two days from June 29 to 30 owing to the fact that one day could not accommodate all planned expo activities.

According to the Expo Coordinator, Karabo Sename, the expo will take place at Cosmos Grounds in Mathubudukwane in the Kgatleng District, under the theme, ‘Advancing Entrepreneurship: Tapping into the basics of theory and practice across the Globe.’
The expo that has been running for three years has now been divided into two days.

On the first, there will be an official opening and judging of stalls, as well as business talks. On the second, all participants will be awarded with certificates of participation and will have an opportunity to interact with their customers and trade. “We will also award three Best Decorated Stalls,” Sename said.

Dinokeng Business Expo involves five Kgatleng district villages; Mabalane, Sikwane, Mathubudukwane, Ramonaka and Malolwane.
The objective is to strengthen capacities of communities in Kgatleng District on enterprise formulation and management; to raise awareness on entrepreneurship opportunities in the district, country as well as regionally; to offer a networking platform for entrepreneurs and clients. The guest of honour will have time to speak and share experiences as well as encourage business people to venture into businesses that will produce solutions to current challenges.

In the first year, expo organisers invited a local influential professional, Papanki Phiri, in the second year they invited the Botswana Stock Exchange CEO, Thapelo Tsheole, and last year they had the Botswana Investment and Trade Centre Acting CEO, Meshack Tshekedi as guest of honour.

“This year, we have decided to invite a well renowned and respected businesswoman who we are still awaiting confirmation from,” Sename said.
One of the successes of the expo is that many that are involved with the organising have been exhibitors themselves in the past. According to Sename, this demonstrates growth of not only the expo but also the participants.

Among young entrepreneurs who have grown over the years partly because of the expo include; Powane Kopo who is into irrigation farming and also part of the expo organising committee, Samatha Peters, a local fashion designer and Sename himself, who now runs a ginger manufacturing and bottling operation in Mathubudukwane.

In addition, more young people in the area are rising to the reality that they need to start and run their own businesses and create employment rather than wait to be employed.

“We have realised that one of the strengthens of this area is in the agriculture sector, and many young people are showing interest,” Sename said, adding that there are already several that are running agricultural projects, especially that they have a reliable water supply from the Madikwe river.
Sename however, decries the fact that currently, they cannot fully implement their plans as a result of lack of funds. He however, acknowledges that sponsors including the Ministry of Youth Empowerment, Sport and Culture Development that have been offering support.

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Matambo calls on financial sector to pick GDP



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



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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