Connect with us

Business

Anija Fashions ready for global market

Published

on

Anita Jacob sees the textile industry as an unexplored market by citizens and is determined to explore and penetrate it. Her company Anita Fashions which started in 2008 specialises in protective clothing, sportswear and school uniforms.

Jacob told Business Trends she is working on building the organisational structure to international standards so that she can start exporting this year. “I want to export my products to the international markets, by next year I will no longer be an SME but I’ll be ranking in the medium scale,” said Jacob. She saw this business opportunity while still a teacher and started the business through Financial Assistance Policy (FAP) in 2001 as a part time business.

“I discovered that only foreigners were leading the textile sector and I wanted to take advantage as a citizen,” said Jacob. She is currently targeting the government sector and the mining sector in Botswana. Jacob wants to take Botswana manufactured clothing to the international market as this would promote local skills. She has been trained through Tokafala programme and is being mentored by Women Enterprise Development. She said there is a lot of opportunity for local textile manufacturers in the international market but they still need to grow.

She said the quality of the material she uses for clothing is the one specified by the international market but that she is not yet capacitated to supply. “I was once offered a tender under AGOA but I turned it down because I was still small. They required 100 000 units per month,” she said.

At the time she was operating from Tonota but is currently looking for space in Gaborone or surrounding areas. She has been audited by Botswana Investment and Trade Centre (BITC) and is targeting 25 employees when she starts operating in the new structure. Jacob said she is currently marketing her products in the government and private schools to take advantage of Bots50 celebrations.

“I am currently submitting my profile in the schools because I want to supply them with Bots 50 clothing as the students are supposed to wear the brand,” she said. Among the challenges Jacob mentions shortage of skills, especially among the graduates. “We need people to work with, so we are always having a problem of skills mismatch among the graduates.

When we engage them we have to take some months again training them and this slows production,” she said. They also have problems with local suppliers and so she buys her materials from South Africa.

Continue Reading
Comments

Business

BSE upgrades online investor access

Published

on

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.

Continue Reading

Business

BSE complies with reporting guidelines

Published

on

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.

Continue Reading

Trending