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BQA, BHPC vow to improve health sector

On Monday this week Botswana Qualifications Authority (BQA) and Botswana Health Professionals Council (BHPC) signed a Memorandum of Understanding in a landmark event in the history of the Authority, as it endeavours to improve the quality of education and training in Botswana in respect to regulation of education and training in the health sector.

The main aim of the MoU is to promote harmony between the two sectors of education and health. It will ensure that BHPC reviews any health profession learning programme submitted to BQA for accreditation. BHPC will carry out the necessary quality assurance processes in relation to the submitted learning programmes, working directly with Education and Training Providers. Once this process is completed, BHPC will produce a report recommending the appropriate accreditation decision to BQA.

While officiating at the signing, BQA Chief Executive Officer Abel Modungwa said he is impressed with the commitment of both BQA and BHPC in ensuring improved quality of education and training in the health sector. He said the agreement to share expert resources, monitor for compliance, as well as provide training to staff of both organisations on quality assurance and other related services will ensure an improved and seamless approach to training in this sector.

“I am happy that there has been a deliberate, robust review of the acts that established the two organisations to identify likely areas of collaboration and assesses any possible conflicts, and that at the end of the day synergies were identified hence the signing of this MoU,” said Modungwa.

The provision for, and maintenance of the National Credit and Qualifications Framework as envisioned by the BQA Act, marks the introduction of an outcomes based system in Botswana. It will ensure clear definition of levels, qualifications and it will detail skills, knowledge and competencies expected at each level.

This will promote articulation and progression and will result in the national health qualifications being portable, internationally comparable, and will facilitate seamless learner mobility. The overall objective is to produce graduates that are job- ready, can self employ and are globally competitive.

The authority is looking forward to sign more agreements with other professional and regulatory bodies to ensure sector relevant quality teaching and learning. It is currently engaging with organisations such as the Law Society of Botswana, Engineers Registration Board, Botswana Accounting oversight Authority, Civil Aviation Authority of Botswana, and Botswana Institute of Engineers to enter into MoU’s of this nature.

BQA was established to quality assure education and training across the 3 sub- systems of education and training; being General Education, Technical and Vocational Education, as well as Training and Higher Education. This is quite a broad task that can only be fully achieved through engagement of stakeholders such as professional bodies and other regulatory bodies, locally and abroad.

Botswana as a country is faced with challenges of unemployment which is caused, to some extent, by mismatch of skills and industry needs. Part of BQA’s mandate is to improve access, equality, relevance and quality of education and training. A key role in quality assurance of education and training is accreditation of learning programmes. BQA engages subject matter experts to validate learning programmes. This can be quite a challenge, and has in the past delayed some applications for accreditation of new learning programmes due to shortage of experts in certain fields. 

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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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Global CEOs Back Plan to Unlock $3.4 Trillion Potential of Africa Free Trade Area

23rd January 2023

African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA).

AfCFTA: A New Era for Global Business and Investment in Africa outlines high-potential sectors, initiatives to support business and investment, operational tools to facilitate the AfCFTA, and illustrative examples from successful businesses in Africa to guide businesses in entering and expanding in this area.

The report aims to provide a pathway for global businesses and investors to understand the biggest trends, opportunities and strategies to successfully invest and achieve high returns in Africa, developing local, sub-regional and continental value chains and accelerating industrialization, all of which go hand in hand with the success of the AfCFTA.

The AfCFTA is the largest free trade area in the world, by area and number of participating countries. Once fully implemented, it will be the fifth-largest economy in the world, with the potential to have a combined GDP of more than $3.4 trillion. Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment, and boost overseas exports by a third, double intra-continental trade, raise incomes by 8% and lift 50 million people out of poverty.

To ease the pain of transition to its new single market, Africa has learned from trade liberalization in North America and Europe. “Our wide range of partners and experience can help anticipate and mitigate potential disruptions in business and production dynamics,” said Børge Brende, President, and World Economic Forum. “The Forum’s initiatives will help to ease physical, capital and digital flows in Africa through stakeholder collaboration, private-public collaboration and information-sharing.”

Given the continent’s historically low foreign direct investment relative to other regions, the report highlights the sense of excitement as the AfCFTA lowers or removes barriers to trade and competitiveness. “The promising gains from an integrated African market should be a signal to investors around the world that the continent is ripe for business creation, integration and expansion,” said Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum.

The report focuses on four key sectors that have a combined worth of $130 billion and represent high-potential opportunities for companies looking to invest in Africa: automotive; agriculture and agroprocessing; pharmaceuticals; and transport and logistics.

“Macro trends in the four key sectors and across Africa’s growth potential reveal tremendous opportunities for business expansion as population, income and connectivity are on the rise,” said Wamkele Mene, Secretary-General, AfCFTA Secretariat.

“These projections reveal an unprecedented opportunity for local and global businesses to invest in African countries and play a vital role in the development of crucial local and regional value chains on the continent,” said Landry Signé, Executive Director and Professor, Thunderbird School of Global Management and Co-Chair, World Economic Forum Regional Action Group for Africa.

The Forum is actively working towards implementing trade and investment tools through initiatives, such as Friends of the Africa Continental Free Trade Area, to align with the negotiation process of the AfCFTA. It identifies areas where public-private collaboration can help reduce barriers and facilitate investment from international firms.

About the World Economic Forum Annual Meeting 2023

The World Economic Forum Annual Meeting 2023 convenes the world’s foremost leaders under the theme, Cooperation in a Fragmented World. It calls on world leaders to address immediate economic, energy and food crises while laying the groundwork for a more sustainable, resilient world. For further information,

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