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Gaone Mabalane, perseverance embodied

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Driven by passion for business and love for children, young entrepreneur, Gaone Mabalane realised that she can create employment by taking care of children. She registered a business in 2014 and started operating a day care centre in February this year through the assistance of Youth Development Fund. Her school, Little Saviours Academy, enrols children from one to six years. It is located in Block 8 Suburb of Gaborone. In an interview with Business Trends, Mabalane said the school is an innovative solution that acts as virtual parents, broadening the children’s skills and enriching each child’s cognitive, social and spiritual development. The school is different from other Pre-Schools as it has combined the national Pre-primary curriculum framework combined with ABC Jesus Loves Me, which focuses on academic development and the Bible.

“My passion is to develop children at a young age, so I have constructed my programmes and learning experiences that will give children endless opportunities to learn and grow in six areas including nurturing creativity, developing lasting life skills, growing a healthy body, making new friends, building brain power and communicating with others,” said Mabalane. She wants to contribute to economic development through education. “I love children and I always want to train them and help them realise their potential at a young age.

Looking at unemployment rate I decided to turn this passion into a business concept,” said Mabalane. Starting up the business was not easy as she had no funds and all financial institutions believed that the business was not viable. She needed more than P200 000 to start-up but she was only funded for P100 000, however, she managed to do other projects including the upgrading of infrastructure. Although several institutions and regulators including Gaborone City Council and Ministry of Youth Empowerment, Sport and Culture Development rejected her, Mabalane was determined to see her business operating so she persisted and never got discouraged. “It was not an easy path for me to arrive at this stage.

I was consistently rejected by youth funders and the city council also refused to grant me the license. I had to go through courts, lost cases and I appealed and finally got approved. Starting up a business is not easy, it takes courage and faith,” she said. Currently, she has enrolled 10 students and employed two people. She will employ up to five teachers when students enrolment increases. The school is licensed to enrol 50 students and has a ratio of 10 students per teacher. School fees are offered at an affordable price of P3600 per term or at an instalment of P1200 every month.

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BSE upgrades online investor access

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A recent BSE opening bell function.

Botswana Stock Exchange Limited (BSEL) will this year introduce a new clearing and settlement system, as part of efforts to improve operations of the bourse.

Speaking at the seventh opening bell ceremony, Chief Executive Officer, Thapelo Tsheole said the development will help improve liquidity and risk management. In addition, the new settlement system replaces the 2008 system while fast tracking introduction of security borrowing and lending, management settlement guarantee fund, as well as identifiers for companies and instrument.

BSEL has already awarded a contract to a Swedish company to implement the system which is also expected to digitalize Initial Public Offering (IPO), allow electronic voting for listed companies during annual general meetings (AGM) for absent shareholders.

The project, which is expected to take eight months once the two parties sign the deal, is part of efforts to have more online investors access for BSEL. Tsheole also revealed that BSEL website will undergo a revamp this year, allowing it to be more analytic, live feed shares, as they trade.“The tender is already out for the website and mobile application. It is a project that we had hoped to implement last year but because of logistic problems, we could not do it,” said Tsheole.

BSEL further plans to introduce two data display screens at CBD and at the stock exchange.“These will assist with information sharing and keep the market updated,” said Tsheole. Meanwhile, BSEL will not change its Automated Trading System (ATS) until 2022, according to Tsheole.“The system supports our strategy to grow the market and increase the average daily turnover levels to 18.0million per day by 2021,” said Tsheole.

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BSE complies with reporting guidelines

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Botswana Stock Exchange Limited (BSEL) has become the 5th bourse in Africa to comply and publish Environment, Social and Governance (ESG) reporting guidelines.

The development comes a year after BSEL became a partner exchange of the United Nations Sustainable Stock Exchange (SSE) Initiative.“The BSE made a commitment to publish guidance on ESG Reporting. This commitment has been fulfilled.“

We are the 42nd among the 81 SSE Partner Exchanges globally and the 5th in Africa to do this,” said Kgotla Segwe, Market Development Specialist at Botswana Stock Exchange Limited.
Other stock exchanges that have complied with the SSE initiative on the continent are from South Africa, Nigeria, Morocco and Egypt.

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