Connect with us

Business

Thato Mahube wins Orange Bonatla le Botswerere challenge

Published

on

Thato Mahube of Amazing Services is this year’s winner of the Orange Botswana’s Bonatla le Botswerere Women’s Challenge. Amazing Services, a 100 percent Botswana owned company founded by Thato Mahube was crowned winner last Friday.

The WIBA affiliated company provides communications solutions and wellness events management. The winning product is an A4 sized leather folder which doubles as a card holder and diary, offering complete convenience of holding all the necessary valuables in one folder.

The competition, an initiative of Orange Foundation was launched in July and closed in September 2015. It has been running for the fifth consecutive year. The Bonatla le Botswerere Women in Business Corporate Gift Challenge, targets all women entrepreneurs and SMMEs.

The competition’s primary objective is to provide local women an opportunity to design and produce corporate gifts, which Orange then buys in bulk for its stakeholders. Orange has specifically reserved a budget of P100, 000 to buy the gifts from Amazing Services.

This initiative is one of Orange’s many women empowerment initiatives aimed at boosting women SMMEs, given the challenges that they face as small businesses operating in the country.  In addition to the P100 000 worth of supplies to Orange, Amazing Services will get additional benefits.

“Her company gets to enjoy free opportunities to exhibit her products at different platforms facilitated by Orange Foundation. So this is a great opportunity for women such as Mahube who are trying to grow their businesses and penetrate the market,” says Orange PR and Foundation Manager Boga Chilinde-Masebu. 

Since the beginning of the initiative in 2012, over 100 candidates from all over Botswana have participated, with 52 entries having been received for this year’s competition alone. These are women involved in different areas such as arts and crafts, fashion design, textiles, bakery, body and beauty, food and beverages, upholstery and linen making.

According to Chilinde-Masebu, the 52 submitted proposals went through an internal evaluation process to select the winner. “The main focus points for evaluation criteria covered among others; creativity, innovation, craftsmanship, usefulness of the proposed product and durability. The fundamental selection criterion was based on the applicant ability to demonstrate that they manufacture or make the products themselves,” she says.

Continue Reading
Comments

Business

‘Manufacturing holds key to economic growth’

Published

on

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

Continue Reading

Business

MINISTER BEWAILS BAD REPAYMENT BY YOUTH

Keikantse Lesemela

Published

on

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.

Continue Reading

Trending