Mining powerhouses geared to boost local manufacturing
BITC strategic innovations making economic strides
DEGREE PROGRAMMES
- Bachelor of Science in Health Promotion & Disease Prevention
- Bachelor of Commerce in Purchasing & Supply Chain Management
- Bachelor of Commerce in Project Management
- Bachelor of Business in Tourism Management
- Bachelor of Business Administration Logistics & Transport Management
- Bachelor of Commerce in Accounting
- Bachelor of Commerce in Business Management
- Bachelor of Commerce in Human Resources Management
- Bachelor of Business Administration in Entrepreneurship
- Bachelor of Commerce in Marketing Management
- Bachelor of Community Development
- Bachelor of Commerce in Digital Marketing
- Bachelor of Technology in Construction Engineering
- Bachelor of Education in Early Childhood Education
- Bachelor of Education in Special & Inclusive Education
- Bachelor of Law LLB (Hons) – Leeds Beckett University
- Bachelor of Law & Public Administration
- Bachelor of Science in Occupational Health & Safety
- Bachelor in Public Health
- Bachelor of Arts in Human Development & Family Studies
Main Campus
Lot 6398, Lejara Road
Broadhurst Industrial
Tel: (+267) 318 5596
Fax: (+267) 318 6018
Cell: (+267) 72469089
Delta Campus
Plot 1283/4, 1st Floor
Along Old Lobatse Road
Tel: (+267) 390 1531
Cell: (+267) 75965611
BBS Campus Plot 13142/3
Professional House
Tel: (+267) 391 8420
Cell: (+267) 76177224
Main Mall Campus Plot 169, Queens Road
Sreeram House
Tel: (+267) 318 5660
Cell: (+267) 76230414
Mmopane Campus Lot 4738
Mmopane
Tel: (+267) 396 0520
Cell: (+267) 76667708
Francistown Campus Plot 903
Tati River Mall
Tel: (+267) 241 7295
Cell: (+267) 74736605
Maun Campus Plot 2994
Boseja Ward Maun
Tel: (+267) 686 1202
Cell: (+267) 77162620
MEDIUM AND LONG TERM EXPORT CREDIT INSURANCE (MLT)
MLT protects businesses and Financiers from non-payment by foreign buyers for credit terms spanning up to 15 years. MLT protects your business from the risk of non-payment by a foreign buyer due to political and/or commercial reasons. This cover therefore facilitates bank finance for export credit loans and can allow for negotiation of better rates with the project financier.
Who Qualifies?
Botswana Businesses taking part in projects of a capital nature in a foreign country, requiring some form of financing; with payment terms spanning between 3 and 15 years.
What Is Covered?
MLT proctects businesses from losses owing to political and commercial risks.
Political risks covered include confiscation, currency convertibility expropriation, creeping expropriation, nationalization, Transfer of earnings to Botswana war and civil war.
CREATING NEW OPPORTUNITIES FOR REGIONAL EXPANSION
BECI is an export credit agency set up in 1996 as a 100% subsidiary of Botswana Development Corporation Limited (BDC). BECI offers the below risk solutions tailored to support business growth:
• Bonds and Guarantees
• Domestic Trade Credit Insurance
• Export Trade Credit Insurance
• Medium and Long Term Export Credit Insurance
• Outward Investment Insurance
OUTWARD INVESTMENT INSURANCE
OII is an economic development instrument used to level the playing field between doing business in Botswana and doing business in a foreign country. OII protects an investor against risks which are outside his/her control in the host country where investment is made.
Who Qualifies?
Botswana Businesses investing in foreign countries.
What Is Covered?
Investment insurance cover protects against events, actions or occurrences which are generally known as political risks which result in an investor suffering financial loss.
Political risks covered include expropriation, creeping expropriation, nationalization, war and civil war.
CONTACT BECI USING INFO BELOW
+267 3188015
www.beci.co.bw
www.facebook.com/beci.bw/
mlt@beci.co.bw or beci@beci.co.bw
Commercial risks covered protracted default and insolvency. Eliminating Risk,Propelling Growth
All information is supplied without liability. Although the publisher has taken all precautions to ensure that the information is correct at the time of publication, the publisher and their agents do not accept any liability, direct or indirect, for material contained in this publication.
No part of this publication may be reproduced in any form or by any means without prior written permission of the copyright owners.
Unveiling Brilliance: From Hidden Gems to Unstoppable Possibilities
Welcome to this edition of Strides Magazine, where we illuminate the path of possibility and progress across Botswana’s thriving sectors.
In these pages, we journey through the transformative power of Human Resources (HR) and the safeguarding touch of insurance products, ensuring that employee welfare is not just a promise but a reality. Together, HR and insurers weave a safety net that allows our workforce to flourish, their wellbeing safeguarded by an unseen yet unwavering shield.
We delve into the beating heart of Botswana’s economic agenda—SMME empowerment—where dreams are nurtured into reality. Through innovative financial solutions and strategic alliances, small enterprises are taking giant leaps, transforming challenges into stepping stones and opportunities into enduring success.
The mining sector, a cornerstone of our nation’s prosperity, reveals its true brilliance as it propels local manufacturing into the limelight. With every partnership forged and every initiative launched, mining companies are sowing the seeds of a diversified, resilient economy that flourishes in the rich soils of technology and automotive advancements.
A beacon of this brilliance is the recent unveiling of Lucara’s 2,492-carat diamond—one of the largest gems ever discovered. This monumental find is not just a testament to Botswana’s vast resources but a reminder of the boundless possibilities that await those who dare to dig deeper and dream bigger.
In the era of rapid technological evolution, leadership takes on a new form. We
explore how today’s leaders are not merely adapting but pioneering the future, using technology as both compass and catalyst, guiding their teams through uncharted digital landscapes with vision and purpose.
And as we turn our gaze to the global stage, we celebrate Botswana’s Olympic heroes, whose victories in Paris 2024 echo far beyond the arenas. Their achievements are a testament to the relentless spirit of a nation that knows no bounds, a spirit that turns ambition into gold.
At Strides Magazine, we believe that the future belongs to those who focus on possibility. It is this belief that fuels our stories, guiding us to uncover the resilience, creativity, and determination that define our time. As you turn these pages, may you find the inspiration to transcend challenges, embrace opportunities, and pursue the brilliance within your own journey.
Thank you for embarking on this journey with us.
.
Ephraim Banda
what matters
Hollard: Empowering Better Futures at the 7th Strategic HR 2024 Conference
Driving Innovation, Partnership, and Social Impact in the Evolving Workplace
By: Ephraim Banda
Hollard proudly reaffirmed its commitment to shaping better futures by sponsoring the 7th Strategic HR 2024 Conference, a landmark event that brought together top HR experts and professionals. Under the theme “Shifting Perspectives: Embracing a New Mindset for Organisational Excellence and Transformation,” the conference served as a vital platform for discussing groundbreaking solutions for today’s rapidly changing workplace.
Speaking on behalf of Hollard Life Managing Director Tabuya Tau, Reason Nyamambi, Hollard Life’s Head of Corporate Business, highlighted the significance of adapting to the ever-evolving employment landscape. She emphasized that the current challenges of a mobile workforce and financial stress require innovative insurance solutions tailored to meet the specific needs of today’s employees.
“In my role in the insurance fraternity, I work closely with HR personnel, and I know how difficult it can be to come up with the right solution and the right price. But I know that balancing between what is needed by staff and budget is crucial,” Nyamambi said.
Nyamambi further underscored the importance of collaboration, inviting HR professionals to partner with Hollard in crafting insurance solutions
Hollard Life MD, Tabuya Tau
Tshepo Ramaselwana, Hollard Group Chief of People
Head of Sales Hollard Insure, Pako Morapedi and Head of Corporate Business Hollard Life Reason Nyamambi
Hollard Team: Olorato Mbi and Amantle Madisa
Senior Manager, Organisational Effectiveness, Debswana Diamond Company Boikanyo Kgosi
Some of the participants to the Strategic HR Conference
Maipelo Sealetsa, National Mindset Coordinator. Office of the President
that drive both employee retention and value. “We need to partner with you, listen to you, so that we can come up with solutions that work for you. We learned during the conference that more than half of the respondents in the research carried by Andisa Liba, one of the presenters, cited financial stress as one of the challenges impacting their productivity.”
Reaffirming Hollard’s dedication to social impact, Nyamambi added, “In the spirit of adding value to our employees, we need to come up with solutions that ensure these basic needs are met. Insurance is a basic need in this day and age. We are creating access and teaching knowledge.”
Empowering SMMEs: Hollard’s Commitment to Local Economic Growth
In a move that exemplifies its dedication to social impact, Hollard engaged Small, Medium, and Micro Enterprises (SMMEs) as suppliers for the event. This initiative not only provided these local businesses with valuable exposure but also demonstrated Hollard’s commitment to fostering economic growth and innovation within the community.
Through this initiative, Hollard is:
• Expanding market access for SMMEs
• Offering platforms for showcasing their products and services
• Promoting innovation and entrepreneurship
• Contributing to the broader economic development
By empowering SMMEs, Hollard is not just unlocking potential but also laying the groundwork for a brighter, more inclusive future.
The conference featured an impressive lineup of distinguished speakers, including:
- Boyce Sebetlela, Chief of Staff in the Office of the President
- Gaone Macholo, Director, Directorate of Public Services Management
- Tshepo Ramaselwana, Hollard Group Chief of People
- Maipelo Sealetsa, Mindset Coordinator, Office of the President
- Prof. Charles Cotter, Global HR Speaker and Consultant
- Ethel Kuuya, Author, Speaker, Advisor, and Entrepreneur
- Chedza Balopi, Renowned HR Practitioner
- Mmoloki Mmolotsi, CEO of Progressive Institute and Host of the Conference
These experts shared invaluable insights on a range of topics, offering attendees the opportunity to gain knowledge and forge meaningful connections.
The Power of Partnerships
Hollard’s ongoing collaboration with the Progressive Institute is a testament to its unwavering commitment to HR excellence. By joining forces with HR professionals, Hollard is leading the way in developing innovative insurance solutions that meet the complex demands of the modern workplace.
“We are proud to partner with the Progressive Institute once again,” Nyamambi said. “Together, we can create a brighter future for employees and organisations alike.”
Enabling Better Futures
As the workplace landscape continues to evolve, Hollard remains steadfast in its mission to empower better futures through strategic partnerships, forward-thinking innovations, and impactful social initiatives.
The conference took place at Boipuso Hall in Gaborone, Botswana, from August 5 to 7, 2024.
Dr Serero of Phemo Clinic, Nyamambi, Head of Corporate business, Hollard Life and CEO, Progressive Institute, Mmoloki Mmolotsi
NAME: Tsompie Mokaila
Tsompie's Tearoom
“Empowering SMMEs: Hollard’s Transformative Initiatives of Enabling Better Futures “
Hollard’s commitment to nurturing SMMEs in Botswana is not just about business; it’s about crafting success stories. Through strategic collaborations with businesses like Tsompie’s Tearoom, Giwawa Decor, Perfect Roast Kofi, and Flourish Floral & Craft Boutique, Hollard has played a pivotal role in transforming dreams into thriving enterprises, showcasing the power of partnership and community support.
Brewing Dreams: Tsompie’s Tearoom’s
Enduring Collaboration with Hollard
Nestled in the heart of Tlokweng, just a stone’s throw from Gaborone’s bustling Riverwalk Mall, Tsompie’s Tearoom has become a haven for those seeking a warm cup and a sweet treat. One of the key factors behind its success is the tearoom’s remarkable partnership with Hollard, which has been a game-changer for the business.
Tsompie Mokaila, the visionary behind the tearoom, was one of the fortunate SMMEs (Small, Medium, and Micro Enterprises) empowered by Hollard to provide their services at the recently concluded 7th Strategic HR 2024 conference. This opportunity marked a significant milestone in their partnership.
The inspiration behind Tsompie’s Teaoom is her late mother, who taught her the art of baking and the delicate craft of making and serving tea according to traditional tea etiquette. This personal connection to her mother’s teachings is evident in every aspect of the tearoom’s offerings.
The tearoom provides an impressive array of products being Cream tea, High tea, Afternoon tea, and Champagne tea, each carefully crafted to provide an unforgettable experience. Tsompie caters to both individual and corporate customers, offering a unique and personalized service that sets her apart.
To ensure the best possible experience, the Tlokweng premises operate on a booking-only basis, allowing Tsompie to tailor her service to each customer’s needs. “We want to provide an intimate and memorable experience for our customers,” she explains. “By booking in advance, we can ensure that every detail is taken care of, from the delicate chinaware to the exquisite pastries.” The newly opened Village premises offer an opportunity for walk-in clientele to enjoy breakfast, lunch, or just tea and cake.
Tsompie’s partnership with Hollard Life has been instrumental in her success. “We must have made an impact
from the first engagement, resulting in a relationship,” she reflects. “Not only have they supported us by buying our products and services, but they’ve invested in our dreams, our hard work, and passion. Their trust and loyalty in our brand have helped us grow and thrive. Their patronage has been a huge factor in our success.”
To stay up-to-date on Tsompie’s Tearoom’s latest deals, services, and booking information, follow them on Facebook, Tsompie’s Tearoom, and Instagram @tsompies_tearoom. As Tsompie’s Tearoom continues to flourish, Tsompie’s gratitude for Hollard's support remains palpable. Her story serves as a testament to the power of collaboration and the impact it can have on small businesses.
Elevating Events: Giwawa Decor and Hollard's winning collaboration
In the heart of Tlokweng, Botswana, Giwawa Decor stands as a beacon of creativity and elegance, transforming ordinary spaces into extraordinary experiences. Specializing in event decor, Giwawa Decor offers a full spectrum of customized solutions for corporate events, weddings, funerals, birthday parties, and other lifestyle events. From stunning flower arrangements to intricate corporate gifting and exhibition stall designs, Giwawa Decor ensures that every detail is crafted to perfection. “Our aim is to transform any space into an unforgettable experience by creating visually stunning environments tailored to our client’s vision,” says Thembi Lolo Gosetsemang, Events Planner & Coordinator at Giwawa Decor.
One of their most notable recent projects was the 2024 HR Conference, where Giwawa Decor collaborated with the esteemed insurance company, Hollard. The event saw Giwawa Decor’s expertise on full display, providing lounge and cocktail setups, exhibition stall decor, holding room lounges, and elegant floral arrangements that perfectly captured the professional yet vibrant atmosphere of the conference. Reflecting on this experience, Gosetsemang shared, “It was a privilege to work alongside a company as esteemed as Hollard. We were proud to contribute to an event of such significance.”
The collaboration with Hollard has been a pivotal moment in Giwawa Decor’s journey, opening new doors and expanding the company’s reach. The partnership has not only showcased Giwawa Decor’s expertise on a larger stage but has also solidified its reputation within the industry. “Hollard’s support has been instrumental in our business’s development, helping us expand our portfolio and reach a wider audience,” Gosetsemang acknowledges.
As Giwawa Decor continues to grow, Gosetsemang expresses deep gratitude to Hollard and other companies that empower SMMEs in Botswana. “Their belief in local businesses fosters growth, innovation, and economic development across the country,” she affirms, looking forward to future collaborations that will continue to shape Botswana’s event landscape.
Perfect Roast Kofi: Crafting a Success story with Hollard
In the bustling heart of Gaborone, a new aroma is capturing the attention of coffee lovers. Perfect Roast Kofi, under the youthful leadership of Barista Seabe J. Motlogelwa, is not just serving coffee; it’s serving an experience. As one of the prominent service providers at the recent Progressive Institutes 7th Strategic HR Conference, held under the auspices of Hollard, Perfect Roast Kofi has shown that it is more than ready to make its mark in the world of mobile coffee solutions.
Motlogelwa, the dynamic force behind the brand, has been driving Perfect Roast Kofi to new heights, establishing it as a formidable player in the niche of takeaway and mobile coffee services. His vision is clear: to provide an unparalleled coffee experience that lingers in the minds of his customers long after the last sip.
Reflecting on the recent collaboration with Hollard, Motlogelwa expresses his enthusiasm: “At the HR conference, we offered the best of our portfolio of prestige coffee, ensuring that every participant had a memorable experience.” This event not only showcased Perfect Roast Kofi’s premium offerings but also cemented the company’s growing reputation. Motlogelwa believes that partnerships like these are essential for the growth of his business. “Such engagements are a testament to the goodwill and trust that clients like Hollard have in us. We look forward to continuing to offer the very best of our services whenever the opportunity arises,” he adds.
Perfect Roast Kofi’s menu, which also includes native tea plants, has quickly gained a following in Gaborone. With each event and every cup brewed, Motlogelwa is steadily building a brand that stands for quality, trust, and an exceptional coffee experience. As Perfect Roast Kofi continues to grow, its journey with Hollard Life is just one of many milestones in its quest to become a household name in mobile coffee solutions.
This strategic collaboration with Hollard is a clear indication that Perfect Roast Kofi is on the right path. As Motlogelwa continues to expand his business, he remains committed to crafting success, one cup at a time.
Flourishing with Hollard: Nurturing thoughtful gifting in the business of Beauty
Founded in 2018 by Dudu Munyengwa, the Managing Director and Creative Director, Flourish Floral & Craft Boutique is a thriving business rooted in a passion for personalized and thoughtful gifting solutions. Located in Gaborone, the boutique has become a go-to destination for customers seeking unique, beautifully crafted gifts for every occasion. Flourish offers a wide range of products and services, from stunning floral arrangements to carefully curated gift packages tailored to individual and corporate clients.
Flourish Floral & Craft Boutique caters to a diverse clientele, providing exquisite floral designs for birthdays, weddings, funerals, and other special events. The boutique also serves corporate clients by offering branded promotional gifts, merchandise, and flower subscriptions, adding a personal touch to the business environment.
A recent highlight for Flourish was their participation in the 2024 HR Conference, where they set up an enticing charcuterie station for Hollard. This spread of cured meats, cheeses, crackers, and fresh fruits not only provided a delightful experience for attendees but also showcased Flourish’s ability to create visually stunning and memorable setups. “Our goal is to create experiences that are both visually stunning and unforgettable,” says Munyengwa. “We believe that every detail matters, and that’s what sets us apart.”
The partnership with Hollard, a long-standing client, has been instrumental in Flourish’s growth. Hollard has presented the boutique with numerous opportunities to innovate and expand its offerings. “Working with Hollard has pushed us to explore new avenues and challenge our creativity,” Munyengwa shares. “Their trust in us has been a catalyst for our growth, allowing us to improve our processes and even expand into new services like charcuterie stations.”
As Flourish continues to grow, Munyengwa extends her gratitude to Hollard and other corporates supporting small and medium-sized enterprises (SMMEs) in Botswana. “When large corporations choose to work with businesses like Flourish, they are not just acquiring products and services; they are supporting dreams, creating jobs, and fostering economic growth,” Munyengwa notes. This symbiotic relationship helps build a vibrant ecosystem that benefits
everyone involved.
For more information and to see their latest creations, visit Flourish Floral & Craft Boutique on Facebook. Their page offers a glimpse into the beautiful world of bespoke gifting and floral artistry, showcasing the creativity and dedication that define their brand.
These testaments and stories effectively tie together the individual stories under a common theme, emphasizing the positive impact of Hollard’s strategic iniatives of Enabling Better Futures for these SMMEs.
Understanding the Recent Rate Cut: What It Means for Ordinary Batswana and Our Economy
By Lesego Osman, Head of Business and Commercial Banking, Stanbic Bank Botswana
It is crucial for all of us to grasp the changes occurring within our financial landscape and understand their impact on our daily lives. Recently, the Bank of Botswana made a significant decision to lower its Monetary Policy Rate by 25 basis points, bringing it down from 2.15% to 1.90%. But what exactly does this mean for you, and how could it affect our country’s economic activity?
What Are Basis Points?
Let’s start with the basics. When we refer to “basis points,” we are discussing a method of measuring changes in interest rates. One basis point is equivalent to 0.01%. So, when we mention that the Bank of Botswana has lowered the rate by 25 basis points, it means the interest rate has been reduced by 0.25%—from 2.15% to 1.90%.
What Does This Reduction Mean for You?
In simpler terms, this reduction lowers the cost of borrowing for both individuals and businesses. When the central bank reduces the interest rate, it typically leads to banks lowering the interest rates they charge on loans. This reduction could apply to anything from personal loans and car loans to home mortgages and business financing.
For instance, if you’re a small business owner looking to expand, the lower interest rate means that you’ll pay less in interest on the money you borrow to invest in new equipment or to hire additional staff. Similarly, if you’re planning to buy a new car or a house, the cost of borrowing that mon-
ey is now slightly reduced. Stimulating Economic Activity
The primary objective of the Bank of Botswana in lowering the interest rate is to stimulate economic activity. Currently, our economy is underperforming, meaning it’s not growing as rapidly as it could. By making it cheaper to borrow money, the central bank aims to encourage both businesses and consumers to spend more, thereby boosting economic activity.
When businesses borrow money to invest in growth—whether that involves expanding their operations, purchasing new equipment, or hiring more employees—they contribute to the overall economic activity. This, in turn, can lead to more jobs and higher incomes for ordinary Batswana.
For consumers, lower interest rates mean it’s more affordable to make significant purchases, such as a home or a car. Increased consumer spending drives demand for goods and services, which in turn supports business growth. It’s a cycle that benefits everyone: more spending leads to more busi-
ness activity, which creates more jobs, and in turn, fosters further spending.
Why Now?
You might wonder why the Bank of Botswana has chosen to reduce rates at this particular time. The lower interest rate is designed to invigorate the economy by encouraging spending and investment.
The central bank has also noted that while inflation has registered a slight increase, it remains within the target range, allowing for the continued easing of monetary policy. This careful balancing act ensures that while we stimulate growth, we do not push inflation to unmanageable levels.
Looking Ahead
As we move forward, it’s important to stay informed about how these changes will affect our economy and our personal finances. The reduction in the interest rate is part of a broader effort to ensure that our economy recovers and grows, ultimately benefiting all Batswana.
In a recent presentation at its media engagement held at Lemongrass Bush Camp in Mankgodi, the Botswana Investment and Trade Centre (BITC) showcased its significant achievements for the fiscal year 2023/2024.
The event, attended by BITC Board Chairperson Ms Gomolemo Madikgetla and other Board members, BITC CEO, COO and Executive Management, staff and the media, featured a Setswana cuisine cook-off with Chef Joseph Seeletso, adding an interactive element to the engagement.
BITC CEO Mr. Keletsositse Olebile presented the 2023/2024 BITC
performance report, highlighting how BITC has not only met but significantly exceeded its fiscal year targets for the financial year. Their innovative strategies and initiatives have driven remarkable economic growth.
According to the latest performance report, BITC facilitated Foreign Direct Investment (FDI) worth P2.495 billion, surpassing the target of P2.4 billion. This achievement underscores BITC's effectiveness in leveraging diverse markets, including India, South Africa, Zimbabwe, Germany, Belgium, and China, to boost Botswana's economy.
In a notable domestic triumph, BITC recorded investments and expansions
totaling P3.5 billion, far outstripping the set target of P1.9 billion. This surge in domestic investment is attributed to BITC’s strategic initiatives such as the establishment of the #PushaBW store at Sir Seretse Khama International Airport and the successful listing of local products across various retail platforms. These efforts have not only enhanced local market presence but also stimulated significant economic activity within the country.
In addition, the Centre has successfully hosted the US-Africa Business Summit, the European Union-Botswana Business Forum, and embarked on trade missions with some local man-
BITC CEO Mr. Keletsositse Olebile
BITC Board Chairperson Ms. Gomolemo. Madikgetla
ufacturers to Zimbabwe, the United States of America, South Africa, India and the United Kingdom.
Export earnings also saw a substantial increase, with BITC-facilitated companies generating P6 billion against a target of P4.5 billion. This growth is a testament to BITC’s robust export strategies and its partnership with the International Trade Centre Training Academy, which provides local entrepreneurs with essential training on export finance, raising business funds, and crafting export marketing strategies.
Despite these successes, BITC CEO Keletsositse Olebile emphasized the challenges of operating without an investment law and facing intense global competition for FDI. “These hurdles, however, have not deterred BITC from making significant strides in critical sectors,” he said. “We have remained focused on our mandate to drive economic growth and attract investment despite the challenging landscape.”
In 2023/2024, BITC completed pivotal studies in pharmaceuticals, automotive, and communication technology. Notably, the pharmaceutical study proposed a $14 million strategy to reduce Botswana’s $190 million import reliance by fostering local production.
BITC’s forward-thinking approach is also evident in its exploration of new
export markets within the African Continental Free Trade Area (AfCFTA). This initiative positions Botswana to capitalize on an estimated $420 million market potential across 35 markets, with substantial opportunities in North and Southern Africa. The AfCFTA, one of the flagship projects of Agenda 2063, entered into force in May 2019, aiming to create a single African continental market with a population of about 1.3 billion people and a combined GDP of approximately $3.4 trillion, making it the world’s largest free trade area.
During the reporting period, the Centre has also generated several position papers to inform policy and advocacy as well as support some of the existing investments in Botswana. Position papers were advanced for incentives for the automotive sector anchoring on Delta Automotive Technologies. In addition, a review of existing industry and investment incentives was conducted in collaboration with the Ministry of Trade and Industry, Special Economic Zones Authority (SEZA), and Selibe Phikwe Economic Development Unit (SPEDU).
Towards the end of the 2022/23 financial year, new excellence performance indicator ranges were introduced by the shareholder to ensure maximum efforts towards delivering
Renowned Chef Mr. Joseph Seeletso coordinating the media cook-off
BITC’s mandate. The performance indicator ranges pitched the excellence performance to above 96%, whilst performance between 92.5% and 95% is considered satisfactory to good. Hence, the BITC Organizational excellence performance target was adjusted from 80% to 95% for the financial year 2023/24.
BITC’s innovative strategies and diligent efforts have propelled Botswana’s economic growth well beyond expectations. By strategically tapping into diverse markets, fostering local investment, and expanding export opportunities, BITC has set a strong foundation for continued economic advancement.
Orange BOtswana rewards HistOric Olympic gOld and silver medalists, celeBrating a new era in BOtswana’s spOrting excellence
Orange Botswana has once again affirmed its role as a pillar of support for Botswana’s sporting talent, recognizing the outstanding achievements of its brand ambassador, Letsile Tebogo, and the nation’s 4x400M Relay team.
In a moment that will be etched in the annals of Botswana’s history, Tebogo not only captured the men’s 200 meters Olympic gold medal in Paris with an awe-inspiring time of 19.46 seconds but also cemented his position as one of the world’s fastest men. This achievement marks a watershed moment for Botswana, as Tebogo becomes the country’s first-ever Olympic
gold medalist and the fifth-fastest sprinter over this distance globally.
In recognition of Tebogo’s exceptional feat, Orange Botswana has announced a reward of BWP 500,000 for the young athlete. This gesture is not merely a financial reward; it symbolizes the company’s deep-seated commitment to nurturing homegrown talent and promoting Botswana’s stature on the global stage. Tebogo’s coach, Kebonyemodisa ‘Dose’ Mosimanyane, whose expertise and guidance have been pivotal in Tebogo’s rise to stardom, will also be honored with BWP 50,000. Furthermore, the 4x400M Relay team, whose remarkable performance earned them a silver medal, will receive a total of BWP
150,000. These rewards serve as a testament to Orange Botswana’s unwavering dedication to fostering excellence and its belief in the transformative power of sport.
A Legacy of Support: Orange Botswana’s Role in Team Botswana’s Olympic Journey
Orange Botswana’s support for Team Botswana extends far beyond the victory celebrations. In the lead-up to the Paris Olympics, the telecommunications giant provided critical financial and logistical backing, contributing BWP 2,560,000 to ensure the national team was well-prepared for the global stage. This comprehensive support package included BWP 1,680,000 in monetary and in-kind sponsorship,
which was instrumental in covering training, travel, and accommodation expenses for the athletes. Recognizing the importance of morale and community spirit, Orange Botswana also established fan parks in Francistown and Gaborone, creating vibrant spaces where Batswana could gather to cheer on their athletes and share in the pride of their nation’s achievements.
The company’s sponsorship was not just about financial assistance; it was a reflection of Orange Botswana’s belief in the power of sport to unite and inspire. By allocating BWP 610,000 to support the additional athletes in athletics and swimming, Orange Botswana ensured that every qualified athlete had the resources necessary to compete at their best. This holistic approach to sponsorship underscores the company’s strategic vision of not only backing individual athletes but also fostering a broader culture of sporting excellence across the nation.
A Partnership Beyond Sponsorship: The Orange Botswana-Letsile Tebogo Story
The partnership between Orange Botswana and Letsile Tebogo, which began two years ago, is a shining example of how corporate sponsorship can transcend mere financial support to become a partnership of shared values and mutual growth. From the outset, Orange Botswana recognized Tebogo’s potential not only as a world-class athlete but also as a role model who embodies the qualities of perseverance, resilience, and national pride.
Through this partnership, Tebogo has had access to essential resources that have been critical to his development as an elite athlete. This support has allowed him to train under the best conditions, compete internationally, and focus on his goals without the burden of financial constraints. As a brand ambassador
for Orange Botswana, Tebogo has become a symbol of the company’s commitment to empowering the youth and fostering a new generation of Batswana who are ready to take on the world.
Néné Maïga’s Vision: Celebrating a National Hero
Néné Maïga, CEO of Orange Botswana, expressed profound pride and joy in Tebogo’s achievements, emphasizing that his victory is not just a personal milestone but a triumph for the entire nation. “Letsile Tebogo’s gold medal win at the Paris Olympics is a moment of immense pride for Botswana. His success is a reflection of his unwavering dedication and the collective effort of everyone who has supported him on this journey. At Orange Botswana, we are deeply committed to nurturing young talent and providing the support necessary for them to reach their full potential. Tebogo’s victory is a testament to what can be achieved when we invest in our youth and believe in their dreams.”
Maïga also highlighted the broader impact of Tebogo’s success, noting that it serves as an inspiration for young athletes across Botswana and Africa. “Tebogo’s journey from a promising young athlete to an Olympic gold medalist is a story of hope and inspiration. It shows that with the right support, determination, and belief in oneself, there are no limits to what can be achieved. This is a message that resonates with the values we hold dear at Orange Botswana, and we are honored to have been part of Tebogo’s journey.”
Inspiring a Nation: The Broader Impact of Tebogo’s Victory
Letsile Tebogo’s historic gold medal is more than just a sporting achievement; it is a symbol of the potential that exists within Botswana. His victory has sparked a wave of national pride and has inspired countless young Batswana to dream
big and pursue their goals with determination. Orange Botswana’s support of Tebogo and Team Botswana is a reflection of its broader commitment to community development and nation-building.
The company’s involvement in sports sponsorship goes beyond individual accolades; it is about creating a legacy of excellence that will inspire future generations. Through strategic partnerships, Orange Botswana aims to elevate Botswana’s presence on the global stage, not just in athletics but in all areas where Batswana excel. This vision is part of a broader strategy to position Botswana as a hub of talent, innovation, and opportunity in Africa.
Looking Ahead: The Future of Orange Botswana’s Sporting Initiatives
As Orange Botswana looks to the future, the company remains committed to its mission of supporting local talent and enhancing Botswana’s global standing. The partnership with Tebogo is just one of many initiatives aimed at empowering the nation’s youth and fostering a culture of excellence. Orange Botswana’s strategic vision includes expanding its support for other sports and cultural initiatives, ensuring that Batswana have the opportunities and resources they need to succeed on the world stage.
Orange Botswana’s celebration of Letsile Tebogo’s Olympic victory is not just about honoring a remarkable athlete; it is about reinforcing the company’s role as a catalyst for change and a champion of Botswana’s sporting aspirations. As Tebogo continues to rise, Orange Botswana’s partnership with him will undoubtedly continue to inspire and elevate the nation, showcasing the best of Botswana to the world.
Driving Change in the Era of Technology, AI, and Social Media:
A Leadership Imperative
IBy: Engineer Claire Mosarwa
n today’s rapidly evolving business landscape, marked by unprecedented technological advancements, the roles and expectations of leaders have transformed dramatically. The digital age, with its pervasive influence of technology, artificial intelligence, and social media, demands a new kind of leadership—one that is agile, ethical, and innovative. For leaders across industries, understanding and harnessing these forces is imperative.
This article, presented in five parts, explores the critical areas where leaders must excel to drive change and ensure their organisations thrive amidst technological upheaval. From fostering a culture of continuous innovation to upholding the highest standards of data integrity and mastering the nuances of digital communication, the stakes are high. As the lines between digital and physical worlds blur, leading with clarity, empathy, and strategic foresight becomes essential. Whether you’re leading a tech startup or steering a multinational corporation, this piece provides the insights and strategies needed to navigate the complexities of modern leadership.
Discover how to lead your organisation through the challenges of the digital age, inspire innovation, maintain ethical standards in data-driven decision-making, and master digital communication. Thriving in this era of constant change lies in embracing technology’s opportunities and leading with vision, integrity, and adaptability.
Part 1: Adding Value in Tech Environments
In the rapidly advancing world of technology, the role of leaders has shifted from mere managerial oversight to becoming facilitators of innovation and catalysts for change. Adding value in tech environments extends beyond traditional metrics of performance and profit. It involves creating a culture where employees are encouraged to excel and provided with the tools and opportunities to do so. This requires a multifaceted approach: fostering an empowering culture, recognising individual contributions, and investing in continuous learning and development.
Cultivating an Empowering Culture
An empowering culture is one where team members feel valued and encouraged to take ownership of their work. This sense of ownership fosters a proactive mindset, where employees are more likely to go above and beyond their basic responsibilities. Leaders can implement several strategies to cultivate such a culture:
Recognition and Appreciation:
Recognising and appreciating team members’ efforts and achievements is crucial. This can be done through formal recognition programmes, such as Employee of the Month awards, or informal methods like shout-outs during meetings. Tools like Bonusly or Kudos can streamline the recognition process and ensure all contributions are acknowledged.
Autonomy and Responsibility: Granting employees autonomy over their projects can significantly increase their sense of ownership and motiva-
tion. Leaders should set clear expectations but allow team members the freedom to approach tasks in their own way. This boosts creativity and fosters trust. Project management tools like Asana or Trello can help set clear goals while allowing flexibility in execution.
Inclusive Decision-Making: Involving employees in decision-making processes, especially those that directly impact their work, can lead to more innovative solutions and increased buyin. Leaders can use tools like Slack or Microsoft Teams to facilitate open discussions and gather diverse perspectives. This approach improves decision quality and helps team members feel valued and integral to the organisation’s success.
Nurturing Talent and Professional Development
In the tech industry, where advancements occur rapidly, continuous learning is essential. Leaders must prioritise nurturing talent through ongoing education and training. This keeps the team competitive and mitigates the risk of stagnation.
Continuous Learning Programmes: High-performing organisations often invest in continuous learning programmes that help employees stay updated with the latest technologies and industry trends. Platforms like Coursera, Udemy, or LinkedIn Learning offer a wide range of courses tailored to the organisation’s specific needs. Leaders should encourage their teams to take advantage of these resources and allocate time during work hours for learning.
Mentorship and Coaching: Establishing a mentorship programme within
the organisation can be incredibly beneficial. Senior employees can guide less experienced team members, providing insights and advice. This helps in skill development and fosters a culture of knowledge sharing and collaboration. Tools like MentorcliQ or Chronus can help manage mentorship programmes effectively.
Skill Development Workshops:
Hosting workshops on emerging technologies or soft skills can be a valuable investment. These workshops can be led by internal experts or external professionals. For example, if a company is looking to expand its AI capabilities, bringing in an AI specialist to conduct a workshop can provide the team with the necessary skills and knowledge to explore new avenues.
Avoiding the Pitfalls of Inadequate Talent Management
Neglecting talent management can have severe repercussions. In a competitive industry, failure to invest in professional development can lead to a talent drain, with skilled employees leaving for organisations that offer better growth opportunities. This hampers the organisation’s ability to innovate and impacts morale and productivity.
Leaders must recognise that investing in their team’s development is an investment in the organisation’s future. By fostering an empowering culture and prioritising continuous learning, leaders can ensure their organisations remain agile, innovative, and competitive in the fast-paced world of technology.
Conclusion
Leaders in tech environments must focus on creating a culture that empowers and supports their teams.
By investing in continuous learning and development, recognising individual contributions, and fostering a sense of ownership, leaders can drive innovation and ensure their organisations stay competitive. Nurturing talent and providing the necessary tools not only enhances performance but also secures the organisation’s future in a rapidly evolving industry.
Up Next: Adapting Strategies for Digital Transformation
Part 2 of our series will delve into how leaders can effectively adapt their strategies to embrace digital transformation. We will explore the importance of agility, proactive anticipation of changes, and the lessons learned from companies that have successfully navigated this landscape.
Mining Companies boost manufacturing sector
•Debswana, MCM enhance capacity in technology, automotives
•Lack of access to market, funding big hurdles for manufacturing
S TAFF W RITER
The local mining industry leading companies have this week during Local Manufacturing Summit affirmed their commitment to create value addition for the local manufacturing sector by creating opportunities for the sector in technology and automotives space as next key areas of procurement.
Number of mining companies now import most of mining related equipment and technology outside the country due to lack of capacity from the local suppliers and therefore misses out business to the foreign companies.
The lack of access to the market and funding for the local manufacturing sector were highlighted as major hurdles for the sector and mining companies such as Debswana and Morupule Coal Mine (MCM) emphasized their intention to position manufacturing at the top.
Speaking recently at the Summit under a panel discussion themed ‘Manufacturing Opportunities in the Mining Sector’, Supply Chain Manager at Morupule Coal Mine Resego Keipidile said the mine spending on the local companies as part of its Citizen Economic Empowerment Programme (CEEP) improved.
Keipidile said since Morupule Coal Mine launched its CEEP in 2022, it has also focused on manufacturing.
“In 2022 our spending capacity was at 29 percent, last year was at 54 percent and as at end of last month, was at 64 percent. We continue to procure lot of from local manufacturers and their response is well,”.
“We are looking at enhancing capacity building of our manufacturers in technical aspects for example in the mechanic and parts supply. Botswana is strategically positioned
in terms of geographic location and that could make it to be hub to fix machines for mining companies in the North such as Zambia, DRC and Zimbabwe.”
Furthermore, Keipidile said Morupule Coal Mine has also shifted from the shortterm transactional way of doing business but focused on introducing contracts that are to boost capacity of manufacturing suppliers in the long run.
Meanwhile, CEEP Manager at Debswana Lere Matebesi said Debswana is working to ensure that the manufacturers in its supply database have access to the market just beyond supplying Debswana.
Matebesi noted that Debswana as part of its CEEP has so far surpassed its P20.4 billion target and that of job conversion, it means that the company has spent P700 000 in creating one job per person and the manufacturing form part of the spending.
“We continue to find opportunities for our suppliers and there is lot of untapped potential in the technology space and suppliers of technical parts. Moreover, as mining entity we continue to build capacity of our manufacturing companies and that it is a way to enhance their market readiness.”
The manufacturing summit is organized by the Botswana Chamber of Mines (BCM) and its partners aimed at bolstering local entrepreneurship and manufacturing.
The Chamber of Mines, which groups all the country’s minerals-producing companies and some of those in advanced exploration and development, has an established local procurement policy, aimed at using the industry’s combined buying power to support local entrepreneurship and manufacturing.
Botswana’s Diamond Legacy: Lucara Unveils 2,492-Carat Giant, A New
Gem in the Nation’s
Crown
IThis goes to show what diamond mining means to Botswana. They mean everything to Botswana.
-PRESIDENT DR. MOKGwEETSI
ERIC KEABETSwE MASISI
n a moment of unparalleled national pride, Botswana once again solidified its status as a global diamond powerhouse with the discovery of a monumental 2,492-carat diamond at the Karowe Mine, operated by Lucara Diamond Corp. This find, which is not only the largest ever produced in Botswana but also the second-largest diamond ever discovered globally, stands as a testament to the country’s rich mineral wealth and advanced mining technology.
On Thursday afternoon, His Excellency President Dr. Mokgweetsi Eric Keabetswe Masisi had the distinct honour of viewing this colossal gemstone, marking a significant milestone in Botswana’s diamond mining history.
The presentation, held in the Cabinet Committee Room in Gaborone, was attended by prominent cabinet members, including Honourable Lefoko Moagi, Minister of Minerals and Energy, Honourable Boitumelo Gofhamodimo, Assistant Minister of State President, and Honourable Annah Mokgethi, Minister of Labour and Home Affairs.
Reflecting on the significance of this discovery, President Masisi encapsulated the national sentiment, stating, “This goes to show what diamond mining means to Botswana. They mean everything to Botswana.”
Lucara’s Technological Triumph
The discovery of this unprecedented 2,492-carat diamond was made possible through Lucara’s Mega Diamond
Recovery (MDR) X-ray Transmission (XRT) technology, a cutting-edge system that has proven indispensable in identifying and preserving large, high-value diamonds. Installed in 2017, this technology has consistently yielded remarkable results, including the recovery of the famed 1,758-carat Sewelô and the 1,109-carat Lesedi La Rona.
William Lamb, President and CEO of Lucara Diamond Corp., expressed his excitement about this historic find: “We are ecstatic about the recovery of this extraordinary 2,492-carat diamond. This find not only showcases the remarkable potential of our Karowe Mine, but also upholds our strategic investment in cutting-edge XRT technology.”
Echoing Lamb’s sentiments, Ms. Naseem Lahri, Managing Director of Lucara Botswana, remarked, “We are really proud. This is history in the making.” She further highlighted Botswana’s dominance in the global diamond market, noting that “80 percent of diamonds in the top 10 market are from Botswana, with 70 percent of them being Lucara diamonds.”
The 2,492-carat diamond is a powerful symbol of Botswana’s ascendant role in the global diamond industry. Botswana’s diamond sector, long a cornerstone of its economy, continues
to deliver wide-ranging socio-economic benefits, funding critical areas such as education, healthcare, and infrastructure development.
Botswana’s journey from a largely agrarian society to a leading diamond-producing nation is a remarkable story of vision, perseverance, and strategic management of natural resources. This latest discovery at Karowe, already renowned for producing some of the world’s most exceptional diamonds, is yet another chapter in this inspiring narrative.
As the world’s largest diamond, the Cullinan, remains at an astonishing 3,106 carats, Botswana’s latest gem adds a new dimension to the nation’s illustrious diamond legacy. With every new find, Botswana not only reaffirms its position as a global leader in diamond production but also underscores the broader socio-economic impact of its mining industry on national development.
In the words of President Masisi, this discovery truly “means everything to Botswana,” symbolizing both the nation’s natural wealth and its unwavering commitment to leveraging these resources for the benefit of its people.
Source: Lucara Diamond Corp., Daily News
we are really proud. This is history in the making.”
-NaseeM Lahri, MaNaGiNG DireCtor LUCara BotswaNa,
Botash: catalysing Botswana’s and southern africa’s growth while embracing environmental responsibility
By Ephraim Banda
In the dynamic industrial landscape of Botswana and Southern Africa, Botash emerges as a formidable force driving economic and environmental progress. As a leading producer of soda ash and salt, the company significantly impacts various industrial value chains across the region. Its contributions extend from glass manufacturing to food processing and water treatment, underscoring its pivotal role in Southern Africa’s industrial and economic development. At a recent breakfast meeting with Botswana’s leading editors in Gaborone, Managing Director Kangangwani Phatshwane offered an in-depth look at Botash’s achievements and future directions.
A Cornerstone in Industrial Supply Chains
Botash’s soda ash is a critical component for the glass industry, a sector valued at approximately P50 billion in Southern Africa. Soda ash is essential for producing high-quality glass used in construction, automotive applications, and various consumer products. The quality and affordability of glass produced with Botash’s soda ash are
crucial for supporting infrastructure development and automotive innovation in the region. Beyond glass production, soda ash is also integral to industries such as detergents and chemicals, highlighting its broad industrial applications. This versatility underscores the importance of soda ash in enhancing the quality of everyday products and services.
Similarly, Botash’s salt is indispensable across multiple sectors, including food processing, water treatment, and agricultural applications. The salt value chain contributes over P30 billion to the regional economy, reflecting its significance in ensuring food safety and enhancing water purification processes. Salt’s role extends to livestock nutrition and de-icing of roads in colder regions, illustrating its widespread utility. The comprehensive application of salt across various industries showcases Botash’s integral role in sustaining vital regional functions.
Phatshwane emphasises, “Our soda ash and salt are not mere commodities; they are fundamental to a range of industries. Soda ash underpins the production of glass, which is critical for both the construction and auto-
motive sectors, while salt is crucial for food preservation and water safety. Our products are deeply embedded in daily life, enhancing both the economy and the quality of life across Southern Africa.”
Driving Innovation Through Strategic Investments
Botash’s dedication to innovation is evident in its substantial investment in research and development (R&D). Over the past four years, the company has invested more than P50 million in R&D initiatives, focusing on developing new products and improving existing ones. This strategic investment reflects Botash’s vision to enhance value chains within Botswana and Southern Africa and maintain its competitive edge.
The company’s R&D focus includes exploring advanced production techniques, developing eco-friendly solutions, and creating higher-value products to meet emerging market needs. This commitment to innovation not only reinforces Botash’s market leadership but also supports the growth of sectors reliant on advanced industrial inputs.
The Managing Director remarks,
Managing Director Kangangwani Phatshwane
“Investing in R&D is crucial for advancing value chains in Botswana and Southern Africa. Our focus on innovation ensures that we stay ahead of industry trends and effectively meet evolving market demands. The development of new products and processes is a testament to our commitment to industry leadership and sustainability.”
Botash’s R&D efforts have already resulted in the development of three new products, which are set to be introduced to the market in due course. This forward-thinking approach ensures Botash’s continued relevance and supports key industrial sectors by providing innovative solutions that address both current and future challenges.
Expanding Market Presence and Capitalising on Opportunities
Botash’s market influence extends well beyond Botswana, with a commanding presence across Southern Africa. The company holds 65% of the soda ash market and 55% of the salt market in South Africa, illustrating its significant role in the regional supply chain. In Botswana, Botash is a major supplier, contributing substantially to the national economy. Its market footprint also includes Zimbabwe, Malawi, Zambia, and the DRC, further demonstrating its dominance and importance in regional supply chains.
Phatshwane highlights, “The contrast in soda ash consumption between Southern Africa and developed economies reveals considerable growth potential. Current per capita consumption stands at just 3 kg in Southern Africa, compared to 18 kg elsewhere. Our strategic focus is on seizing this growth opportunity to strengthen our market position and drive regional development. We are also exploring new markets and applications to further extend our reach.”
As the population in Southern Africa continues to rise, so does the demand for Botash’s products, particularly in sectors dependent on soda ash and salt for processing valuable resources like cobalt and lithium. The company is strategically positioned to capitalize on this growth, supporting both regional economic development and industrial advancement.
Commitment to Environmental Stewardship
Botash’s corporate social responsibility (CSR) initiatives are a testament to its commitment to environmental stewardship and community development. The company’s “Towards Sustainable Mining” programme adheres to stringent environmental and social governance (ESG) standards, reflecting its dedication to responsible operations. This programme focuses on minimising environmental impact, promoting sustainable resource use, and ensuring ethical practices in all aspects of its operations.
Operating within the Sua Pan Ramsar site, which is home to the world’s largest flamingo breeding ground, Botash has implemented several measures to protect the environment. The installation of over 150 kilometers of underground power lines is a significant investment aimed at preventing bird collisions, demonstrating the company’s commitment to environmental conservation.
Phatshwane explains, “Our dedication to environmental stewardship is evident in our efforts to preserve Sua Pan and its unique wildlife. Although the investment in underground infrastructure is substantial, it is essential for maintaining the natural habitat and supporting local ecosystems. We continuously strive to integrate environmental considerations into our operational strategies.”
In addition to its environmental initiatives, Botash has actively supported rhino conservation efforts in Botswana, contributing to the preservation of Africa’s biodiversity. The company’s involvement in rhino relocation projects highlights its broader commitment to wildlife conservation and ecological sustainability.
Community Engagement and Development
Botash’s community engagement efforts are extensive, focusing on education, infrastructure development, and local empowerment. Last year, the company invested over P28 million
in various community projects. Key initiatives include the construction of a childcare facility in Nata, costing approximately P2 million, and road improvements in Maleshwane, totaling over P1.8 million. These projects enhance local infrastructure, support community well-being, and promote socio-economic development.
The company’s community support extends to local sports teams, educational programmes, and initiatives aimed at boosting economic self-sufficiency. Botash is exploring new ventures such as permaculture and organic gardening to foster sustainable agricultural practices and income generation in communities with access to good soils and water. These programmes aim to improve livelihoods and promote longterm economic resilience.
Phatshwane notes, “We are committed to empowering communities through education and infrastructure. Our goal is to foster sustainable development that benefits both local communities and the broader Southern African region. By investing in education, infrastructure, and local initiatives, we aim to create lasting positive impacts and support regional growth.”
A Pillar of Growth and Innovation
Botash’s extensive contributions to Botswana and Southern Africa span industrial supply chains, economic growth, and environmental responsibility. The company’s strategic investments, CSR initiatives, and focus on innovation reflect its leadership in both industry and social responsibility. Through its ongoing efforts, Botash continues to drive growth, foster positive change, and enhance the quality of life in the region.
Phatshwane concludes, “Botash is more than just a company; it is a cornerstone of Botswana’s and Southern Africa’s industrial and social fabric. Our ongoing efforts exemplify our commitment to driving growth, innovation, and positive change across the region. We are dedicated to advancing both our industry and our communities, ensuring a sustainable and prosperous future for all.”
BoB calls for mining industry to Harness value addition Opportunities
“Aligned
with the mindset change theme, it is recognized that an exclusive focus on diversification away from mining implies foregoing the economic potential and benefits of our mineral endowments,”
BoB Governor Cornelius Dekop
3.6%
Botswana’s economIc growtH In tHe year endIng septemBer 2023
Central Bank authorities have outlined crucial steps for Botswana’s mining industry to fully harness value addition opportunities, essential for the country’s industrialization and economic growth. These insights were detailed in the Bank of Botswana’s (BoB) 2023 Annual Report, particularly in a theme chapter titled “The Role of the Mining Sector in Botswana’s Future Development.”
This chapter delves into the mining sector’s potential to contribute significantly to Botswana’s ambition of achieving high-income status by 2036 and fulfilling other Vision 2036 goals. Echoing sentiments from the previous year’s report, the chapter underscores key elements for fostering economic resilience, with a specific emphasis on unlocking value-chain development and enhancing inclusivity within the minerals sector.
“Aligned with the mindset change theme, it is recognized that an exclusive focus on diversification away from mining implies foregoing the economic potential and benefits of our mineral endowments,” stated BoB Governor Cornelius Dekop. He emphasized the need for a deliberate focus on extending and broadening the beneficiation potential within the mining sector as part of economic diversification, inclusivity, and long-term resilience.
Dekop highlighted several areas of focus for the sector, including the range and magnitude of mineral endowments, exploitation potential, ownership structures, cost and income sharing arrangements, beneficiation prospects, and the implications of macroeconomic policy and the financial sector’s role. These considerations align with Pillar 1 of the National Transformation Strategy (2023-2030).
The 2023 report also recommends that Botswana adopt the Extractive Industries Transparency Initiative to fully exploit the mining sector’s potential. “Transparency is essential to promote understanding of mining arrangements, underpin good governance, and equalize opportunities,” the report stated.
Moreover, the BoB stresses the importance of raising awareness about the cost implications of state involvement, the impact on communities, including
access to land and environmental effects, and any necessary mitigation measures. Beneficiation developments in the mining sector should be integrated with broader developmental and economic transformation initiatives, such as employment creation, fostering a competitive investment environment, environmental protection, sustainable economic growth, and improving living standards.
The report further highlights the need for local and international collaborations in research and product development to address local needs and challenges, foster forward and backward linkages beyond the supply of labor, and integrate mining products and related activities into global value chains. Enhancing the integration of mineral exploration with manufacturing sector growth, adopting technologies to maintain mining operations’ commercial viability, and leveraging the extractive industry for infrastructure expansion and social services are also deemed crucial.
Botswana’s economy grew by 3.6 percent in the year ending September 2023, compared to a 5.6 percent growth in the previous year, reflecting a weaker performance in both mining and non-mining sectors. Mining output grew by 3.9 percent in the same period, a notable slowdown from 9.3 percent in the corresponding period of 2022, primarily due to lower output at the Orapa Mine following planned maintenance in the third quarter of 2023. Non-mining GDP also increased by 3.5 percent, down from 4.6 percent in the previous year.
Despite the overall economic slowdown, the balance of payments reported an improved surplus of P5.1 billion, up from P4.5 billion in 2022, mainly due to substantial Southern African Customs Union (SACU) receipts from recoveries of the 2021/2022 underpayments.
The BoB’s comprehensive analysis and recommendations aim to pave the way for a more resilient and inclusive mining sector, crucial for Botswana’s economic future and its Vision 2036 aspirations.
The Magic
PrincEss.” of Imagination:
Taazima Kala-EssacK’s
PhuPiE
and
“It’s a tale of friendship, kindness, teamwork, and adventure. My hope is that young readers simply relish in the joy of a book transporting them to the magical kingdom,” Taazima Kala-Essack.
In the realm of children’s literature, where dragons, princesses, and whimsical lands often dominate, “The Phupie and The Princess” carves a unique niche. Taazima Kala-Essack, an author inspired by her close-knit relationship with her nephew and nieces, brings a heartfelt and enchanting story that has been 18 years in the making.
“I am so lucky to have a really close
relationship with my nephew and three nieces,” Taazima shares, recalling how the bedtime tales she spun for her niece Zaneera, and then re-told to her subsequent nephew and nieces Zaydaan, Samara and Amani, eventually led to the creation of her book. “Running out of bedtime stories off the top of my head to tell her whenever I babysat her, I made up my own. The Phupie and The Princess became a firm favorite.”
The story, which celebrates themes of love, joy, kindness, and friendship, is brought to life by the central characters—the little girl and her aunt, lovingly referred to as “The Phupie” (an affec-
tionate term in Indian culture for one’s father’s sister). “The Phupie is actually me in this story, and The Princess is my niece,” Taazima explains. Their bond transcends the typical dynamic between an aunt and her niece, evolving into a deep friendship grounded in shared adventures and love for magic. For Taazima, weaving these themes into the narrative was a natural process. “Adults and kids alike, it can become so easy to forget these basics that matter most in life. Kids teach us to live these values daily,” she notes. The story’s development was also a collaborative effort with her family. Each
retelling brought new aspects, and even her toy Pomeranian’s quirks found their way into the narrative, enriching the story with personal touches.
A particularly special aspect of the book is the illustrations by her niece, Samara, who was only 15 at the time. “Samara is such a talented artist even at just 16 years. She did all the illustrations during a phase of being really into digital art, and got them spot on during her first iteration,” Taazima proudly states. Their collaboration added a unique layer of intimacy to the project, making it a true family endeavor.
Despite being a first-time author,
Taazima found the journey smooth and fulfilling. “I was just grateful, excited, and keen to see how things are done in the publishing world,” she says. Her initial nervousness about her nephews and nieces’ reactions quickly dissipated when they expressed their love for the book, fueling her enthusiasm to complete the project.
What sets “The Phupie and The Princess” apart in the crowded field of children’s literature is its rich, heartwarming story and its ability to resonate with both children and adults. “I have had great feedback on it being so heartwarming and joy-filled, yet with
helpful life reminders on friendship, helping others, etc.,” Taazima reflects.
For aspiring children’s authors, her advice is simple yet profound: “Write. Just start. Do it for yourself, at your own pace, and enjoy the process. There is so much reward in the experience and in simply having fun with it!”
In a world where the simple joys of imagination often get overshadowed by the complexities of life, “The Phupie and The Princess” serves as a beautiful reminder of the magic that stories can ignite in young minds and the enduring power of love and adventure.
EMPOwERING INDIGENOUS KNOwLEDGE AND CULTURAL RENAISSANCE THROUGH DIGITAL INNOVATION
In Botswana, a revolution is underway that marries tradition with technology, spearheaded by Joconia Malunga, the visionary founder of Modi. This groundbreaking platform is redefining the promotion and utilization of indigenous knowledge systems, driving a renaissance of cultural identity and economic empowerment.
“Modi is like a surrogate for the protocols we create to promote indigenous knowledge systems and practices,” says Malunga. “We aim to augment the renaissance of cultural identity and unlock resources that can commercially benefit our communities. Modi is an African Renaissance promoter on many levels—business, sustainability, and scale-wise. I am proud of being the first Motswana to create platforms that promote national identity and pride reclamation.”
Modi stands as a beacon for local creators, offering cost-effective business solutions through its predictive model and masterclasses. By providing informed trade opportunities, Modi addresses a critical gap in the commercial potential of indigenous knowledge. This initiative has garnered significant attention, with features on Btv’s Botswana Tonight, CSR Botswana, Mogobe Nuggets of Wisdom Podcast YouTube channel, and interviews by Midweek Sun and Botswana Guardian. “We are the channel lighting the way for the masses at the forefront of cultural revolution and economic empowerment for citizens,” Malunga emphasizes. “Sethotha, our synchronization tool, systematically evaluates and manages resources digitally for economies of scale.”
At the core of Modi’s mission is the optimization of resources through digital and technological advancement without losing the essence of entrepreneurial development and governance. “It’s about data and information and how they can be optimally used to maximize opportunities from an integration and harmonization point of view,” explains Malunga. The platform embodies this vision through the symbolic cob and corn analogy—sticking together using practical, manipulatable single-window formats while maintaining momentum and safeguarding against cyber threats. This approach helps indigenous innovators and traders achieve scale and profitabil-
ity more quickly.
As Botswana transitions towards a knowledge-based economy, digital transformation is pivotal for sourcing and selling products with ease. Modi facilitates linking up to global value chains and networks, making local innovations and models accessible to previously unreachable audiences. “It also cuts out the middleman, making business profitable and attractive to potential investors,” Malunga notes.
Despite the challenges of mistrust and a fragmented approach to supporting local products and services, Modi is changing perceptions. “We focus on irrelevant things instead of pooling resources and making money,” laments Malunga. “There is a sense of mistrust and a ‘PhD’ mindset. However, people are waking up to Modi now, and we are working across sectors and communities.”
Modi’s predictive tool promotes computational decision-making based on evidence, allowing users to score, estimate probabilities, and assess cost, risk, and compliance levels for projects. “This is helpful in assisting indigenous operators,” Malunga explains. “Sethotha explains this clearly through the synchronization analogy.”
Cultural heritage is diverse, and technology enterprises like Modi provide the capital and platforms necessary to actualize the dreams of indigenous knowledge entrepreneurs. “Creating collaborations offers bridges for optimization and sustainability of business,” Malunga asserts. “With a young population and high literacy rates, digital literacy can be significantly improved, exemplified by creations such as Modi and Sethotha.”
Looking ahead, Malunga envisions Modi as a fully digital platform, emphasizing the importance of commercialization and intellectual property registration. “We are moving towards a point where we can connect the modes that highlight the importance of cultural revolution and renaissance,” he says. “We need to have confidence in creations like Modi; empowerment is a pipedream without closing the stated gaps.”
In sum, Modi is not just a platform—it is a movement towards economic emancipation and cultural pride, a digital torchbearer for the African Renaissance.
ACCESS BANK BoTSwANA
E NHANCES M ARKET
Dy NAMICS w ITH STRATEGIC SHARE SE ll-Dow N
In a significant move towards strengthening its position within the domestic capital markets, Access Bank Botswana Limited has successfully completed the sell-down of its shares to comply with Botswana Stock Exchange (BSE) regulations. The Bank’s strategic reduction in shareholding from Access Bank Plc, decreasing from 78.15% to 70%, meets the BSE’s 30% free float requirement.
This process, finalized on June 28, 2024, aligns with the Bank’s listing conditions from its December 2018 public offering. “At Access Bank, we strive to meet all regulatory and international best practices. This sell-down achieves a critical compliance milestone expected by the BSE, enhances market dynamics, and welcomes new shareholders,” said Sheperd Aisam, Managing Director at Access Bank Botswana. “We will continue to work tirelessly, leveraging our global brand network and expertise in retail banking, to deliver exceptional value to our shareholders and customers alike.”
Since the acquisition of BancABC Botswana by Access Bank Plc in 2021, the Bank has demonstrated robust financial growth, recording annual revenue increases of 13.4%, 21.02%, and 58.37% in Net-Interest-Income, Non-Interest-Income, and Profit-Before-Tax, respectively. Additionally, total deposits have surged from P6.6 billion to P7.7 billion.
A detailed breakdown of the shareholder composition of Access Bank Botswana can be accessed through the Central Securities Depository Botswana (CSDB).
Access Bank Botswana’s continued compliance and strategic growth efforts highlight its dedication to governance and delivering exceptional value to shareholders and customers alike.
