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Engen launches win a tractor promotion

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Botswana Stock Exchange Listed oil company, Engen Botswana announced its commitment to contribute to improving the country’s food security in Botswana through its agriculture-focused promotions.

Launching its sixth win a tractor promotion, Engen Managing Director, Chimweta Monga said they have decided to differentiate themselves from the rest by giving away prizes that would serve as a catalyst to the economic wellbeing of Batswana.

“Winners of tractors also generate income through hiring to other farmers. This process contributes to improving food security and income generation in Botswana and advancing the government policy of citizens economic empowerment,” said Monga. The competition will run from May to August 2018. The company will give away four Massey Ferguson Tractors, four ploughs, four disk harrows and four planters. Over the past years, Engen has given away a 20-hectare farm with a borehole and farming implements, which included a tractor, plough, disk harrrow and a planter.

Monga said they have decided to discontinue the farmers dream win a farm competition due to the inherent complexities on land title transfer. In the past six years, Engen has given away a total of 22 tractors, 22 ploughs, 22 disk harrows and 22 planters and will increase to 26 by the end of the competition in August.

The Engen Farmers dream promotion was first launched in 2013 as Engen’s contribution to the social and financial security of the farming community and in recognition of the sector as a potential contributor to the country’s economic diversification efforts. “We are committed to proactively assisting the government to promote food security at household and national levels in line with ISPAAD and other initiatives that are geared towards supporting and developing the agriculture sector,” said Monga.

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UN, De Beers launch programme for Women

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The most recent opportunity for women entrepreneurs is the United Nations (UN) and De Beers project – a three-year capacity-building programme to improve the livelihoods of more than 1,200 women micro-entrepreneurs in Botswana, Namibia and South Africa.

Launched last month, the project is tailored specifically for each country, and is expected to be delivered with local implementation partners and focus on regions that have high levels of unemployment and where formal job opportunities are limited.

“Through these programmes, we hope to equip women entrepreneurs with the skills, training and confidence to build successful and sustainable businesses,” said Bruce Cleaver, Chief Executive Officer, De Beers Group. Cleaver believes the project will help prop up communities’ economic activities, as women are proven to reinvest more of their income back into the community and to actively support the creation of jobs for others.

According to De Beers Group the beneficiaries will be equipped with management skills to build confidence and capacity to operate and grow successful small businesses. Anne Shongwe, UN Women Representative, South Africa Multi-Country Office said the programme aims to complement national efforts on job creation and economic empowerment of women.

“Investing in women’s economic empowerment, particularly with women in the informal sector, sets a direct path towards gender equality, poverty eradication and inclusive economic growth,” said Shongwe.

She further said investing in the capacity development of women micro-entrepreneurs leads to women having higher incomes, better access to and control over resources.

The programme is part of De Beers Group’s three-year partnership with UN Women, which includes a US$3 million investment to advance women and girls in De Beers Group’s diamond producing countries, announced in September last year. Over the past years women pioneers who have passionately grown local businesses include, Theresa Mokoka, renowned female farmer in Kweneng, Nkata Seleka, founder and owner of Sleek Foods, among others.

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Seed Co lists on the BSEL bourse

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Seed Co, the Africa-focused seed company has listed its shares on the Botswana Stock Exchange Limited (BSEL) effective 5th October 2018. The shares for the Zimbabwean based company started trading on the same day.

“This is a primary listing by way of introduction of the issued share capital of Seed Co, comprising of 379,331,127 of ordinary shares on the main Board of the BSEL,” reads BSEL media statement. Seed Co is a leading certified seed company authorized to market seed varieties developed by itself, government and other associated seed breeders in over fifteen (15) African countries. The company is involved in the breeding, multiplication and distribution of mainly hybrid seed varieties.

In commenting on this milestone by Seed Co, the Chief Executive Officer of BSEL Thapelo Tsheole highlighted that, “this reinforces the value of listing companies on the exchange as this listing reiterates that for companies that wish to raise capital or increase visibility in the market, the stock exchange is the right avenue”. He further said BSEL is happy to welcome a company of Seed Co’s stature to the market.

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