Botswana’s private sector urged to boost employment


Botswana’s private sector has been challenged to assist the government to build a sustainable entrepreneurship eco-system, to create employment.

Larona Mokgoeng, Stanbic Bank Botswana Head of AcceleR8, on Wednesday said the bank has lined up a series of virtual meetings towards the development of entrepreneurship in the country.

“As the Bank, we want to be facilitators of increased youth employability, and we cannot do this alone but believe that our fellow private sector entities can support government’s ambitions here as part of realizing the road towards a knowledge-based economy and a truly prosperous Botswana, in line with our National Vision 2036,” said Mokgoeng.

This week, Stanbic hosted a virtual investment workshop to help entrepreneurs with sound decision-making skills in partnership with Angel Network Botswana. Angel Network Botswana is a network of business angels seeking to invest their personal funds into growth-oriented businesses or start-ups with exciting products and services in Botswana.

Commenting on the Stanbic Bank initiative to empower entrepreneurs, Abu Cassim, an entrepreneur and founder of Jozi Angels — a network of angel investors based in Johannesburg, South Africa said Botswana has an active and growing entrepreneurship scene.

“We believe that backed by funding, mentorship and access to networks from business angels, local start-ups can compete continentally and globally, thus helping to drive the economic growth and diversification needed to take our country to the next level,” said Cassim.

Meanwhile Makgoeng said Stanbic remains committed to making a more substantive contribution towards changing the youth employability narrative in Botswana.

The Stanbic AcceleR8 is a shared learning and growth space, enabling efficacy, dialogue, and practical guidance, with a clear purpose towards progress. Enditem

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