Notwithstanding the increase in the number of branches, Citizen Entrepreneurial Development Agency (CEDA) is faced with challenges of serving people from other parts of the country where they do not have branches. The challenge was compounded by the fact that government for the past two years has significantly reduced its subvention to CEDA due to economic hardships that the country has been experiencing.
This move by government meant that CEDA had to be innovative and come up with means and ways that would enable it to continue in the fulfilment of its mandate without compromising on the quality of service. It was then that the agency invested in two Mobile Offices that were launched in Mmathethe village on Thursday this week.
When launching the new offices, Minister of Investment, Trade and Industry, Vincent Seretse, said CEDA was established by the government of Botswana to provide financial and technical support for business development with a view to promote viable and sustainable citizen owned business enterprises.
He said the agency therefore has a responsibility to address the need for coherent and holistic support for the development of small, medium and large scale enterprises through various products and services. Seretse said since its inception, CEDA has funded over 5 600 enterprises valued at over P 4 billion, creating employment for over 56 000 people.
“For this I would like to applaud CEDA Board of Directors and Management and implore them to continue in their mandate of empowering Batswana,” he said. The agency has a new product named Mabogo- Dinku, which they intend to market. Mabogo- Dinku assists micro- entrepreneurs. Through this window, people with the aspiration of starting a business can group themselves in groups of 5- 15 and can receive loans from P 500 to P 150, 000 each with repayment frequency ranging from weekly.
For his part, CEDA CEO, Thabo Thamane, said since its inception the product has funded 243 individuals to the value of P 2.4 million. He said the agency has reserved P 20 million for the product during the 2017/ 18 financial year. According to Thamane CEDA remains firmly committed to achieving the Government’s role of diversifying the economy through Economic Diversification Drive. “CEDA has come a long way in helping Batswana achieve their goals through funding of economically viable and sustainable business,” he said.
In closing he urged residents of Mmathethe and all Batswana to make use of the offices as well as other CEDA products and services to improve their business and create wealth and jobs.
The Botswana Democratic Party (BDP) Central Committee (CC) meeting, chaired by President Dr Mokgweetsi Masisi late last month, resolved that the party’s next Secretary-General (SG) should be a full-time employee based at Tsholetsa House and not active in politics.
The resolution by the CC, which Masisi proposed, is viewed as a ploy to deflate the incumbent, Mpho Balopi’s political ambitions and send him into political obscurity. The two have not been on good terms since the 2019 elections, and the fallout has been widening despite attempts to reconcile them. In essence, the BDP says that Balopi, who is currently a Member of Parliament, Minister of Employment, Labour Productivity and Skills Development, and a businessman, is overwhelmed by the role.
The Botswana Defence Force (BDF)-Namibians fatal shooting tragedy Inquest has revealed through autopsy report that the BDF carried over 800 bullets for the mission, 32 of which were discharged towards the targets, and 19 of which hit the targets.
This would mean that 13 bullets missed the targets-in what would be a 60 percent precision rate for the BDF operation target shooting. The Autopsy report shows that Martin Nchindo was shot with five (4) bullets, Ernst Nchindo five (5) bullets, Tommy Nchindo five (5) bullets and Sinvula Munyeme five (5) bullets. From the seven (7) BDF soldiers that left the BDF camp in two boats, four (4) fired the shots that killed the Namibians.
The former Minister of Foreign Affairs and International Cooperation, Pelonomi Venson-Moitoi’s decision to apply for the positions of United Nations Special Representative of the Secretary-General (SRSG) and their deputies (DSRSG), has left the government confused over whether to lend her support or not, WeekendPost has established.
Moitoi’s application follows the Secretary-General’s launch of the third edition of the Global Call for Heads and Deputy Heads of United Nations Field Missions, which aims to expand the pool of candidates for the positions of SRSG) and their deputies to advance gender parity and geographical diversity at the most senior leadership level in the field. These mission leadership positions are graded at the Under-Secretary-General and Assistant Secretary-General levels.