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Entrepreneurs are spark plugs of the economy

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A delegation of four young entrepreneurs arrived last Friday from India after completing a two-month entrepreneurship course courtesy of ‘Shoshong, Your Investment Destination.’ Entrepreneurs occupy a central position in a market economy.

For it’s the entrepreneurs who serve as the spark plug in the economy’s engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct that’s why  the organisation, ‘Shoshong, Your investment  Destination’ sent the four young people to India to learn more  on how to  develop businesses as well as learn about the Indians’ entrepreneurial culture. 

On December 1 2015 three ladies were sent to India and graduated in Women and Enterprise Development course which ran for two months. Another group of delegates  was also sent to India and graduated in a Trainers Trainee on Entrepreneurship and Promotion of Income Activities.

One of the participants, Lentle Tshiriletso told Business Trends that she has learnt a lot in India especially on how women manage to sustain their lives through their talents and skills. “They are not just basing on the government like us Batswana but rather they create jobs for themselves,” she said. It is very clear that in Botswana most women are so exposed to poverty though they have skills and talents that they use to sustain themselves.

Tshireletso observed that in India women take entrepreneurship more seriously and businesses are found everywhere even in small villages. “People with businesses do form groups and work together, cooperating, something that helps them to succeed.” Kelebile Gasenna said they observed that the use of technology is another factor for success in enterprises.

“In India the entrepreneurs use social media to market themselves and they have online shopping which makes it easier for them. Having access to Internet makes it easier for them to interact with customers all the time,” she said.

On future plans they said they will implement what they have learnt in India here at home by training people and encouraging Batswana to use their skills.  For his part, Nicholas Mokongwa, one of the organisers of the trip said they intend to send more locals to India to gain business skills, which they can use to transform their communities. India is known for its robust SMMEs sector.

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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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Mobile operators look to digital inclusion

Keikantse Lesemela

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Mascom MD Jose Couciero.

Mascom Chief Executive, Jose Couciero said they are looking into digital inclusion as the potential source of revenue growth because mobile subscription is no longer a major driver.

Botswana has one of the highest records of mobile penetration in Africa at 176 percent, Internet users’ stand at 21.4 percent while the fixed line telephony services stand at 8.2 percent. “As the Botswana mobile market evolves, we observe that mobile subscriber growth alone is no longer a major driver for revenue growth. Rather, the potential for the market is in digital inclusion through access to mobile and fixed broadband,” Couciero.

He said they have invested significantly in deploying their own transmission backbone and Metropolitan fibre rings to prepare their business to enter the residential markets with bundle offers of Internet, voice and content. “I am excited to confirm that we now offer fixed broadband services using both fibre and 4.5G wireless technology. These technologies offer high speed internet for TV live streaming and online games without interruptions,” he said.

Meanwhile, the government owned Botswana Telecommunications Corporation Limited (BTCL) observed the increased usage of social media platforms which has negatively affected the traditional voice call services resulting in decreased turnover for the company. Recently, BTCL Managing Director, Anthony Masunga also highlighted that competition in the telecommunications sector continued to intensify with the entry of new internet service providers leading to a downward pressure on prices.

On the other hand, another competitor, Orange Botswana is currently constructing a data centre which will enable the company to offer telecommunication and internet services without interruptions. The Orange Data Centre will cover 81% of the population with the 2G technology, 62% of the population with 3G technology and 45% of the population with 4G technology, offering the greater levels of security, flexibility and accessibility to data and information around the world.

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