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ABM targets to raise 10 millionaires in 10 years

ABM University College, one of Botswana first private tertiary education institutions has been applauded for their recently opened Entrepreneurial Development Center.


The center which is to be located in GaPhatshwa village, in Kweneng District, will incubate youth enterprises and mentor young Botswana entrepreneurs through business capacity building, equipping them with market scouting skills and strategic entrepreneurial practices to build reputable sustainable profit making entities.

 
The aim of the institute is to create 10 million young Batswana millionaires over a period of 10 years through this initiative. According to the Executive Manager of ABM University College, Daisy Mmabatho Molefhi, the centre comes after they realised as an institution that the skills equipped to their graduates go to waste due to harsh entrepreneurship challenges after university life.


“Our Alumni leave the institution with technical knowhow and necessary skills to start their own businesses, but the reality on the outside frustrates them due to lack of funds, physical space and other business challenges,” She said. Molefhi explained that her  institution is committed to ensure young Batswana get the best education system that enhance entrepreneurial spirit, which translates to business development , economic growth and provision of employment opportunities .


The High Commissioner of Kenya to Botswana, Jean Kimani, applauded the initiative by ABM, citing that it comes at a time when the government of Botswana was on the move to empower young entrepreneurs and develop conducive environment for private sector to setup job creating businesses, “I want to applaud and congratulate Mrs. Molefhi and her dedicated ABM team  for the passion and drive towards  coming up with this  important initiative.

 

It comes at a time when Botswana is in the quest to diversify and transform its economy. ” She added that fostering entrepreneurship was a priority for government and private sector and was the only way the country can back new ideas and create new jobs as well as consequently ensure quantifiable economic growth.


For his part, area Member of Parliament for Lentsweletau, Vincent Seretse, showered Molefhi’s team with accolades for an initiative he noted will go a long way into creating much needed employment as, “the location of the center in GaPhatshwa will create jobs for locals, talk of cleaners, helpers, center facilitators, security personnel just to name a few.”


Vincent Seretse who doubles as Minister of Investment Trade and Industry, also indicated that developments such as the entrepreneurial facilitation centers complements his ministry efforts to diversify the economy and creates sustainable investments. “The mandate and purpose of this center which is to develop the entrepreneur and equip them with necessary business skills, is also one of our core mandates at my ministry,” Minister Seretse said, stipulating that the center will support his ministry‘s Economic Diversification Drive (EDD) efforts as well as domestic and foreign-domestic partnership investments.


ABM University also launched its Entrepreneurship clubs on Monday. The club intends to further facilitate and empower young people into starting business and creating employment for themselves through partnership and networking. Speaking at the official launch dinner, ABM Managing director, Daisy Molefhi, further explained that her institution is commitment to promoting entrepreneurship in young people adding that the club which was officially launched by Minister Seretse intends to create 10 young millionaires in 10 years.


“I know as I pronounce this target it seems unachievable but watch and see, we are committed to make it happen,” Molefhi promised. Minister Seretse reiterated her words; “It is the business that drive the economy, not politicians. Politicians only come up with policies that are influenced by business people.”


Seretse further encouraged club members to take up their rightful position in creating wealth for the country and unleashing employment opportunities for themselves: “As enterprising young people, know your role and understand that it is significant in shaping the direction of Botswana’s economic growth.”


Prince Mochau, ABM Alumni, rose to praise ABM University College for producing business entrepreneurship that can grow the country’s economy and create jobs, “After graduating from ABM, I opened a security company that is currently doing well in the market because of the teaching I got from ABM and I want to commend the institution for furthering its teachings into realistic capacity building initiatives which will empower and promote more youth entrepreneurs.”


Botswana Innovation HUB


Meanwhile on the same Monday this week, Botswana Innovation Hub (BIH) signed a memorandum of Understanding (MoU) with African Innovation Foundation, an initiative which intends to boost and catalyse innovation spirit in Botswana. According to BIH, the signing of MoU was to make official, a partnership which targets to strengthen ecosystems and commercialise innovation in Botswana, as well as promote a culture of entrepreneurship across the country.


The agreement was signed by Alan Boshwaen, Chief Executive Officer, BIH and Pauline Mujawamariya Koelbl, Innovation Prize for Africa (IPA) Director at the Africa Innovation Fund (AIF). BIH executive, Tigele Mokobi, told WeekendPost in an interview that the MoU was an extension of the collaboration established in June last year and will focus on four areas, being to develop an effective national competition and robust BIH process for vetting innovations and mobilizing IPA applicants, support the national systems of innovation, build capacity of local innovators and broaden existing networks and Mobilise resources to implement selected activities.


“We are very excited about the partnership and looking forward to a fruitful coalition towards enhancing innovative entrepreneurship” He said. Speaking after signing the MoU in GaPhatshwa village, during a recent ABM Entrepreneurial Development Center official opening, Pauline Mujawamariya Koelbl, Director for Innovation Prize for Africa (IPA), noted that AIF was looking forward to supporting BIH in its efforts to strengthen the innovation landscape in Botswana and to develop mechanisms that enable local innovators to achieve scale and commercial viability.    

 

“BIH has taken significant strides in developing local capacity and we are delighted to welcome them into AIF’s Pan African network of innovation enablers working to unleash the potential of African innovators” she said


BIH Chief Executive Officer, Alan Boshwaen also expressed his delight over the partnership, stipulating that it comes at the right time when BIH is in the process of launching BIH Fund, a seed-fund aimed at commercialising viable innovations locally. He stated that adoption of the IPA process of vetting innovation will bring credibility to BIH innovation fund process.


“BIH will work with AIF towards building a robust screening process and mobilising local innovators across the country based on a rigorous selection process. A series of workshops and events will be organised at a national level to leverage the strategic collaborative efforts,” he explained.  


Minister of Tertiary Education, Research and Technology, Alfred Madigele applauded both ABM University College and BIH for a fruitful quest towards promoting entrepreneurship “Tertiary education institutions must induct student as a source of innovation and ideas , partnership with renounced institution like Botswana Innovation Hub is also equally important,” he said.

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Khan: Boko, Masisi are fake politicians

18th January 2021
Masisi & Boko

While there is no hard-and-fast rule in politics, former Molepolole North Member of Parliament, Mohamed Khan says populism acts in the body politic have forced him to quit active partisan politics. He brands this ancient ascription of politics as fake and says it lowers the moral compass of the society.

Khan who finally tasted political victory in the 2014 elections after numerous failed attempts, has decided to leave the ‘dirty game’, and on his way out he characteristically lashed at the current political leaders; including his own party president, Advocate Duma Boko. “I arrived at this decision because I have noticed that there are no genuine politics and politicians. The current leaders, Boko and President Dr Mokgweetsi Masisi are fake politicians who are just practicing populist politics to feed their egos,” he said.

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Ookeditse rejects lobby for BPF top post

18th January 2021
LAWRENCE-OOKEDITSE

Former Botswana Democratic Party (BDP) parliamentary hopeful, Lawrence Ookeditse has rejected the idea of taking up a crucial role in the Botswana Patriotic Front (BPF) Central Committee following his arrival in the party this week. According to sources close to development, BPF power brokers are coaxing Ookeditse to take up the secretary general position, left vacant by death of Roseline Panzirah-Matshome in November 2020.

Ookeditse’s arrival at BPF is projected to cause conflicts, as some believe they are being overlooked, in favour of a new arrival. The former ruling party strategist has however ruled out the possibility of serving in the party central committee as secretary general, and committed that he will turn down the overture if availed to him by party leadership.

Ookeditse, nevertheless, has indicated that if offered another opportunity to serve in a different capacity, he will gladly accept. “I still need to learn the party, how it functions and all its structures; I must be guided, but given any responsibility I will serve the party as long as it is not the SG position.”

“I joined the BPF with a clear conscious, to further advance my voice and the interests of the constituents of Nata/Gweta which I believe the BDP is no longer capable to execute.” Ookeditse speaks of abject poverty in his constituency and prevalent unemployment among the youth, issues he hopes his new home will prioritise.

He dismissed further allegations that he resigned from the BDP because he was not rewarded for his efforts towards the 2019 general elections. After losing in the BDP primaries in 2018, Ookeditse said, he was offered a job in government but declined to take the post due to his political ambitions. Ookeditse stated that he rejected the offer because, working for government clashed with his political journey.

He insists there are many activists who are more deserving than him; he could have chosen to take up the opportunity that was before him but his conscious for the entire populace’s wellbeing held him back. Ookeditse said there many people in the party who also contributed towards party success, asserting that he only left the BDP because he was concerned about the greater good of the majority not individualism purposes.

According to observers, Ookeditse has been enticed by the prospects of contesting Nata/Gweta constituency in the 2024 general election, following the party’s impressive performance in the last general elections. Nata/Gweta which is a traditional BDP stronghold saw its numbers shrinking to a margin of 1568. BDP represented by Polson Majaga garnered 4754, while BPF which had fielded Joe Linga received 3186 with UDC coming a distant with 1442 votes.

There are reports that Linga will pave way for Ookeditse to contest the constituency in 2024 and the latter is upbeat about the prospects of being elected to parliament. Despite Ookeditse dismissing reports that he is eying the secretary general position, insiders argue that the position will be availed to him nevertheless.

Alternative favourite for the position is Vuyo Notha who is the party Deputy Secretary General. Notha has since assumed duties of the secretariat office on the interim basis. BPF politburo is expected to meet on 25th of January 2020, where the vacancy will be filled.

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BDP cancels MPs retreat

18th January 2021
President Masisi

Botswana Democratic Party (BDP) big wigs have decided to cancel a retreat with the party legislators this weekend owing to increasing numbers of Covid-19 cases. The meeting was billed for this weekend at a place that was to be confirmed, however a communique from the party this past Tuesday reversed the highly anticipated meeting.

“We received a communication this week that the meeting will not go as planned because of rapid spread of Covid-19,” one member of the party Central Committee confirmed to this publication.
The gathering was to follow the first of its kind held late last year at party Treasurer Satar Dada’s place.

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