If you’re one of those shoppers that love flipping through different stores’ sale pamphlets to compare prices for the most affordable, Cheka Price is just what you need.
Cheka Price is a mobile application that helps shoppers to go through stacks of advertisements at the click of a button to access prices of different stores. Its developer, Letsweletse Seatla, was motivated by an urge to relieve people from the hassle of running around the market in search of the right product, right price and quality service.
He says that Cheka Price will open new dimensions for local shopping that were not there before. “You cannot roam around the market all the time and expect to get the best,” he says, adding that Cheka Price will revolutionise local shopping by helping people make informed decisions of what, where and how to buy.
It will include features like live price comparison, price drop alerts, shopping list calculator and map (you just add the items and it will route you to which item is available at what place), said Seatla. Cheka Price is a subsidiary of a local ICT Consultancy Company called IBlim Enterprise, which has departments that run different operations.
Seatla mentioned diversity among the core objectives of their company, since they are hoping to partner with international companies in future. He strongly believes that Cheka Price is bound to change the way people shop locally forever. He likened Cheka Price to having the whole market in your pocket and also with an assistant who will help you in everything you need to know about shopping.
Seatla however said that they are still in the development phase of the application, which is heavily backed by not only the research of local market but across the world regarding customers’ shopping behaviours. The company is still in the process of collaboration with the major vendors and planning to extend all across the market regardless of the type of commodity.
He says they have received a tremendous amount of appreciation from almost all the parties they have so far met. The application will be availed on Google Play and the date of the launch will be revealed soon. For updates people can like Cheka Price Facebook page or subscribe to their website chekaprice.co.bw with email or mobile number to get the latest updates and notices on when the application is available for download.
‘Manufacturing holds key to economic growth’
Barclays bank’s economist Naledi Madala has urged the country to consider manufacturing, as a key tailwind to drive the economy and reduce inequality.
She was speaking at a gathering organised by the bank which focused on economic outlook for 2019. “We should not make a mistake of leapfrogging without manufacturing,” said Madala, lamenting that the country’s diversification remains a pipeline dream, as the diamond is still the economy’s mainstay. She bemoaned that mining activities in the country could not spring forward diversification, though non-mining GDP has been steady over the years.
“Extractive industries are not good stepping stones for diversification, the sector does not prepare us for the next step,” said Madala at the Barclays’ Economic Outlook Forum Review 2019. The economist further noted that government should confront head-on challenges of productivity and competitiveness to attract the much needed Foreign Direct Investment (FDI). Though diversification efforts continue to hit a brick wall, Madala said the country should expect increased activities in the mining sector hinged to ramp up in coal production in the year ahead.
She also implored government to consider a welcoming attitude towards foreign investors and generous tax incentives to businesses that set up in the country. Madala is also upbeat that the use of public private partnership model could also help diversify the economy coupled with privitisation. “Privitisation will offer opportunities for growth, through the renewed optimism from government, as business confidence has improved,” said Madala.
She implored the government and the business community to access what is going to drive and hinder growth highlighting that key headwinds to growth are income inequality, diversification challenge and productivity, among others. “The pace of poverty reduction has slowed down, while income inequality goes up,” said Madala
MINISTER BEWAILS BAD REPAYMENT BY YOUTH
Minister of Youth Empowerment, Sports and Culture Development, Tshekedi Khama has told parliament his ministry continues to face challenges on the repayment of Youth Development Fund (YDF) loans.
Recently presenting the budget to Parliament, Khama said this financial year the ministry has received a total of 2582 YDF applications and approved 983of them to the value of P98 million. He said the programme attracts a high level of interest from youth but the ministry is only limited to funding a maximum of 1200 youth projects annually due to budget limitations.
“However the greatest challenge for the Fund is the repayment of the loan component by the majority of the youth businesses. The youth have advanced number of challenges for this including high rentals for operating spaces, low market access owing to tight competition and limited production capacities,” said Tshekedi, adding that they continue to pursue beneficiaries to repay the loans.
Out of the 919 businesses funded 1058 jobs have been created. The minister highlighted that disbursements of funds will continue to be undertaken until the end of the financial year. “The YDF is currently under review in line with the pronouncement made by the President, Dr Mokgweetsi Masisi in the State of the Nation Address, to improve beneficiaries through training, and encourage consortia and cooperatives,” said Tshekedi.
The ministry assists YDF beneficiaries in marketing their products and services through fairs and exhibitions. The ministry also runs entrepreneurship-training seminars for youth and in the past year 3692 young people were trained. Over 600 youth businesses attended fairs and exhibitions to market their products and services. Currently the ministry is collaborating with Local Enterprise Authority (LEA), First National Bank Botswana and Citizen Entrepreneurial Development Agency (CEDA) on training in entrepreneurship development and mentorship of YDF beneficiaries.
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