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Less worry, more sleep

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They say money makes the world go round and because of this, a lot of people would rather work odd hours so that they can make ends meet, than take off days and relax.

Sleep is a condition of body and mind, which typically recurs for several hours, in which the nervous system is inactive, the eyes closed, the postural muscles relaxed and consciousness practically suspended. A lot of people associate sleep with laziness and lack of ambition and drive, but that is not always the case. Yes, oversleeping has its own effects, which are not quite good, but there is a difference between oversleeping and giving your body and mind the rest that they deserve to fully function well.

It is said that an adult should have about seven to eight hours of sleep and anything less than that is what is called sleep deprivation, which can be either acute or chronic. Sleep deprivation is the condition of not having enough sleep.

As a leader, you should encourage employees to get as much sleep as possible. Everyday there seems to be twice as much work and half the time to complete it, and it is very tempting to want to see the work done and dusted but it would not really be wise to make employees work odd hours just so the company can meet deadlines and targets because when employees are deprived of sleep, it will negatively impact their performance at work.

Your employees will be there ‘working’ but there will be no results to show. This is not because they are not capable or anything, but their body and mind will not be in sync, so concentration is bound to lack. Sleep deprivation can impair cognitive skills. If your employees are sleep deprived, creativity and good decision-making will be close to extinct which can cause company growth to be stagnant. It is highly likely for prolonged sleep deprivation to cause health issues and when employees are constantly ill, they are less likely to be engaged at work and would most probably require sick offs.

This will cause absenteeism to skyrocket and will cause efficiency and productivity to hit rock bottom. A lot of us can attest to the fact that fatigue makes a person irritable and grumpy and when you are fatigued, everything seems to be going left. There is no way an employee can be fatigued and produce good results.

Quality sleep can help employees to focus and gives them the ability to learn and retain new information. The workplace will be filled with happy workforce and a happy and alert workforce is sure to bear good fruit. Some companies allow employees to nap after lunch, and according to research, it is said that a ‘20-minutes’ nap (power nap) can make a person effective and alert for at least two and half hours. We are no longer in the days when napping at the workplace was seen as being unproductive.

We didn’t fully understand the side effects that fatigue can have on an individual and his or her performance, both in the workplace and at home. It is now time to change that culture and not see being ‘well rested’ as ‘lazy’. Ensure that employees are not being overworked by balancing the workload you give to them, offer flexible work schedules and do not make napping at work during breaks seem like a taboo. Embrace sleep and prosper.

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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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