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Association of Business Executives launches new qualification

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The Association of Business Executives (ABE) Botswana, shall on the 25th November 2016, launch a new qualification – the Business Start-Up Certificate (Level 3) at Botswana National Productivity Centre (BNPC).

Workplace institutions, colleges, Brigades, Community Training Centres and NGOs are expected to attend. The objective of the event is to invite training institutions to apply for accreditation to deliver the ABE business start-up course. Assistant Minister of Investment, Trade & Industry Biggie Butale and Managing Director of ABE Africa, Bradley Wade shall officiate at the launch.

Boitshepo Bolele, ABE Area Manager – Botswana, says that the ABE Level 3 Certificate in Business Start-up gives one the skills and experience to create a robust business plan and start one’s own enterprise. The course develops one’s ability to research, plan, budget and reduce risk to ensure success and growth.
Candidates will gain knowledge and confidence they need to run a successful business and learn the mechanics of running a business.

These core skills can be applied to any business venture, whether someone wants to set-up a café or a digital business, it gives them the foundations to do this.Bolele explains that ABE short courses are internationally accredited, properly assessed and have credits attached to them. The programme lends itself as a basis for Business Certification and for those embarking on long term training.

The programme is designed for the local trainers to standardise Entrepreneurial Training and to provide them with a robust programme that they can provide in their own institutions. Institutions are therefore invited to apply and get licensed to train/ deliver this programme.

The course is designed for people with a trade who want to work for themselves and for people with an idea but no business experience; They will learn how to research and build a business proposition, how to analyse competitors, how to write a business plan, how to pitch, how to plan, legal requirements in their country, what they need to do to raise their skills, how to manage a business day-to-day and how to recognise when things are going wrong.

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Gov’t swiftly acts on BMC

Koobonye Ramokopelwa

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Government has moved swiftly to place Botswana Meat Commission under the care of a management firm; the move is meant to put the Commission into shape both operationally and financially.

This was disclosed by Finance and Economic Development Minister, Dr Thapelo Matsheka, further stating the BMC is technically insolvent despite having received nearly P1billion as a bailout in recent times. The new management company will run BMC, which is based in Lobatse starting on the 2020/2021 financial year.

The finance minister made it crystal clear that, the move to appoint a caretaker firm for BMC was made to protect the interests of all stakeholders, including farmers. According to Matsheka, the Minister of Agriculture Development and Food Security, Dr Edwin Dikoloti will provide more details on the BMC changes in due course during his committee of supply speech. Government is also proceeding with the conversion of BMC to a company under the Companies Act following the approval of BMC Transition Bill and subsequent repeal of the old Act.

The repealing of the BMC Act has since eliminated the monopoly of the Commission when it comes to beef and cattle export. The repeal has also enabled government to establish a beef regulator which will be responsible for regulating the beef and the cattle sector. “Another aspect of the transition is the ultimate privatization of BMC.

The objective of the privatization of BMC is, among others, to engage the private sector in the ownership and management of the BMC to achieve operational efficiency and profitability, as well as reduce Government’s future financial commitments in the entity. This would be an important process in the transformation of the beef and cattle sector,” noted Matsheka. BMC which is 100 percent owned by government has been operating with losses for many years due to internal and external challenges such as poor supply and Foot and Mouth Disease(FMD).

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BSE invite companies for CSD project

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Botswana Stock Exchange (BSE) has intentions to implement a new Central Securities Depository (CSD) system by the second quarter of next year.

Authorities at the bourse have already put out a call for companies to perform a post migration data verification and quality assessment from the current depository system to a new depository system set to go live in the first half of 2020.“As part of the project, the BSE is to migrate master data and reference data from the current system to the new CSD system,” said BSE in a statement released this week.

According to BSE, the project will include comprehension of the BSE Data Migration Strategy and Plan and data mapping design and rules, review of the data migration ETL processes, data quality verification completeness, accuracy, consistency, definition and scope of data to migrate. In addition, BSE said it will migrate only active or open transactions in the current system to the new system. The scope of open transactions includes active or running corporate actions, active investor accounts, investor account balances above zero, active participants, active issuers and active instruments.

Meanwhile, BSE Chief Executive Officer, Thapelo Tsheole is on record citing that the new CSD system comes with functionalities such as securities borrowing and lending (SBL), management of the settlement guarantee fund, initial public offering (IPO) processing, e-voting for listed entities, repo management and online investor access.

Commenced in the first quarter of 2019, the project is also an integral element of the ongoing single CSD project pioneered by the Ministry of Finance and Economic Development, Non-Bank Financial Institutions Regulatory Authority and BSE.

The system is also expected to help increase the CSD system ratings by Thomas Murray, an assessment of which will be conducted once the system has been commissioned in early 2020.

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