Two Japanese Volunteers working partnership with the Remote Area Development Programme (RADP) office in Boteti have launched a flourishing project that has created employment in the small settlements of Mmea and Xere in the Boteti Sub District.
The project, aptly dubbed gifts for Botswana involves the making of handy crafts like bags, necklaces, bracelets, earrings, ties, and pouches by the inhabitants of the two settlements. Handy crafts, in addition to traditional crafts like baskets, wooden crafts, wooden chairs and other items are then sold not only to individuals but to lodges, hotels and shops in sightseeing areas in Botswana and abroad.
This innovative project is being executed with the assistance of Japan International Corporation Agency (JICA) where volunteers from Japan are actively involved in carrying out daily project activities in the ethnic Basarwa settlements. Owing to this, many of the items and accessories created and built in Xere and Mmea have found their way to Japan and the Asian market.
According to Etsuko Nagayama a volunteer through JICA, two volunteers from Japan who are stationed at the Boteti sub district council have been very instrumental in the project. “The Boteti Sub District Council through the Social Welfare and Community Development Department had dispatched a team of volunteers to the settlements around Boteti with the aim of devising ways to help the local community. After our visit we proposed this idea of income generation activities by making crafts. Then the proposal was approved by the council and this is how this project started” Etsuko who prefers being addressed by her Setswana name Naledi says.
She says in many villages and settlements in rural Botswana the majority of the inhabitants cannot make their living without financial help from the government thus they had to think of strategies to help create employment and upholding the principle and spirit of Ipelegeng.
She says the main goal of the project is to create jobs in remote areas so that rural dwellers can get income by themselves and better their life “and also because we want to energise the craft sector in Botswana, we realised that they are many tourists from outside of Botswana these days, and they expect something made in Botswana. We believe that it is a very good opportunity for the tourism sector to flourish. To accomplish these goals, we encourage people making crafts to promote these items and market them to an international audience” she adds.
She says they sell many of the products in Japan through the internet “people like our items especially handy crafts using German print, currently we have three members in Xere and six members in Mmea who are making handy crafts. More than ten people are registered as producers of these traditional crafts” she reveals. She said the project which only begun its operation in April 2014, struggled in its first year as they couldn’t make any sales, through sheer perseverance and determination, the group is now doing better in sales having sold more than P 7,325 worth of products from May to December 2014 and P 26,270 worth of sales from January to August 2015.
At the moment the group has more than 15 partner-shops and lodges locally who are selling their items. She says however, that the amount of money they have made amounts to less than P500 salary for each person in the group per month. “We need more customers who are interested in our items. We would like to get more partner-shops. And we also want to promote our items to companies that want gifts or prizes for their customers. Furthermore, it would be great if we met someone who comes from abroad who could introduce and sell made in Botswana crafts to their country, like me, a Japanese can sell these items to Japan” she pleads.
She says that individuals in Botswana can also help as they are willing to offer local partners’ special prices for bulk orders from a minimum P500 per order. “It would be great if someone could buy our items together with their friends or colleagues. We need support not only from government but also from communities. There are so many good items and producers who can make these items in rural areas. The problem is marketing. I believe we can overcome this problem with people in all Botswana, including people from abroad fully behind us” she says.
She says while she drives the project, she would like it known that it is funded by the government through Boteti Sub district Council RADP program and that they are working together with local officers in Boteti Sub District. “They give good advice and help to operate this project” she says.
She says their main challenges are lack of business operating skills by members, lack of knowledge in using computers, internet and English for the mainly Basarwa ethnic group in the settlements. She says there is no electricity at the project sites and that some members cannot read and write “it is also not easy for us to reach market as we are located in a very rural area. It takes too much cost to go and sell our products in towns and abroad” she adds.
She says they are doing everything in their power to teach the residents business operations skills to ensure sustainability of the project long after they are gone “but it is tough for them with their literacy rate. It would be better if a Motswana in town could help to operate the project for them. So, I am looking for someone who would help us” she says. She says looking into the future, they are trying to get bulk orders from retail shops, companies and individuals by phone, mail or internet. Saying some lodges and shops have already indicated interest in partnering with the group to sell their wares.
She posits that as this is a community based project that has created employment for many they are obliged to call for help in promoting and intensifying marketing for the handy crafts project and its activities so that more people would know what they are doing. While the project is based in Xere and Mmea settlement, it will soon operate in all four remote area settlements of Xere, Mmea, Khwee and Kedia in Boteti. She says, they have recently created a website, http://giftbotswana.jimdo.com/ where their products can be seen and ordered from anywhere in the world.
Strategic partnership offers inherent benefits of global knowledge, African insights, and local expertise and commitment
Minet Group and Africa Lighthouse Capital today announced that they have received regulatory approval and fulfilled all requirements to acquire Aon’s shareholding in Aon Botswana, and consequently will begin the process to rebrand to Minet Botswana.
Minet Group is a well-known and trusted pan-African risk advisory firm and Aon’s largest Global Network Correspondent and has been rapidly expanding its African footprint since 2017 through the acquisition of operations from global professional services firm Aon in Kenya, Lesotho, Malawi, Mozambique, Namibia, Tanzania, Uganda, and Zambia. Minet has been delivering world class products and services across Africa for over 70 years.
Africa Lighthouse Capital (ALC) is a leading Botswana citizen-owned private equity firm focused on investing in Botswana companies and propelling them into regional champions, with over BWP 500 million in funds under management.
The new entity will be rebranded to Minet and will inherit deeply rooted respect by its clients for their innovative and locally relevant solutions, responsiveness, and efficient processes. Furthermore, it shall have the benefit of consistency in leadership and staffing, with Barnabas Mavuma, previously Managing Director of Aon Botswana, continuing to lead the business as the MD supported by the local management team.
“The addition of Minet Botswana to our growing African network affirms our belief in the great opportunities for growth that Africa offers, driven by rising consumer demand, huge investment in infrastructure and quick adoption of new technology,” says Joe Onsando, CEO at Minet Group.
“This transaction significantly adds to the diversity and skills base of our team and will have a positive impact on the range of products and services we provide. Our Correspondent agreement with Aon gives us access to global expertise and data driven insights and uniquely positions us to deliver risk advisory solutions that reduce volatility, thus driving improved performance for our clients. This is a very exciting time to be Minet in Africa.”
“The significantly increased Botswana citizen shareholding effected by this transaction gives rise to an exciting era of local market focus and growth for Minet Botswana,” says Bame Pule, Founder and CEO of Africa Lighthouse Capital. “We intend to work with Minet Botswana’s local management team to further localise the business in terms of product development, while at the same time investing in local skills development and business development. We look forward to this exciting journey, which will result in a significantly enhanced service offering for Minet Botswana’s clients.”
Consequently, and similar to the other members of the Minet Group, Minet Botswana becomes an Aon Global Network Correspondent, retaining its access to Aon’s resources, technology, and best practises, combined with the benefit of independent, local agility. This transaction furthermore significantly increases local shareholding, enabling operations to become even nimbler and better positioned to unlock new and existing growth opportunities.
Clients of Minet Botswana will experience continuity of product and service delivery standards in the short term. In the near future, they can expect an enhanced offering that combines agility with technology and product innovation, tailormade for their specific needs.
Together, Minet and ALC bring a sound understanding of local market conditions, strong governance, and an established track record in the region. These qualities, combined with Aon’s global capabilities and expertise, will bring clear benefits for clients.
This transaction vastly increases citizen ownership with shareholders who are going to be active in the business. The transfer of equity interests in Botswana to investors with local and regional expertise, presence and commitment will allow the businesses to move quickly in line with market movements, and to introduce products that are tailored to the local market.
“Minet’s commitment and drive to incessantly adapt to changing market conditions, and to innovate to meet the unique insurance demands of the African continent, while maintaining the high standards customers have come to expect – Onsando concludes – will continue to grow and give Minet a powerful competitive edge within the African market”.
French President Emmanuel Macron received 21 Heads of state and government officials from Africa during the recent summit on the Financing of African Economies that focused on Africa to take full advantage of the tectonic shifts in the global economy and the call for a joint effort for financial and vaccination support for the continent.
President Emmanuel Macron stressed that “Most regions of the world are now launching massive post-pandemic recovery plans, using their huge monetary and fiscal instruments. But most African economies suffer the lack of adequate capacities and such instruments to do the same. We cannot afford leaving the African economies behind.
We, the Leaders participating to the Summit, in the presence of international organizations, share the responsibility to act together and fight the great divergence that is happening between countries and within countries.
This requires collective action to build a very substantial financial package, to provide a much-needed economic stimulus as well as the means to invest for a better future. Our ambition is to address immediate financing needs, to strengthen the capacity of African governments to support a strong and sustainable economic recovery and to reinforce the vibrant African private sector, as a long-term growth driver for Africa.”
For her part, International Monetary Fund (IMF) Managing Director Kristalina Georgieva highlighted that “there is urgency to focus on financing Africa. Last year, the pandemic-caused recession shrank the GDP of the Continent by 1.9 percent – the worst performance on record. This year, we project global growth at 6 percent, but only half that 3.2 percent for Africa.” Adding that Africa needs to grow faster than the world at 7 to 10 percent to meet the aspirations of its youthful populations, and become more prosperous and more secure.
Georgieva revealed that the price tag on the shot is estimated to be “$285 billion through 2025. Of this $135 billion is for low-income countries. This is the bare minimum. To do more – to get African nations back on their previous path of catching up with wealthy countries – will cost roughly twice as much. These are large numbers. They may seem out of reach. But to quote Nelson Mandela: impossible until it is done.”
The main areas of interest to achieve this include; first, end the pandemic everywhere, 40 percent of the population of all countries is targeted to get vaccinated by the end of 2021, and at least 60 percent by mid-2022.
Second, bilateral and multilateral developmentfinancing grants and concessional loans ought to go up. Over the last year, the IMF have swiftly ramped their financing for the Continent, including providing 13 timestheir average annual lending to sub-Saharan Africa. And are working to do much more. The IMF has also received support to increase access limits so they can scale up their zero-interest lending capacity through the Poverty Reduction and Growth Trust.
The IMF has also devised exceptional measures. Their membership backs an unprecedented new allocation of Special Drawing Rights (SDR) of $650 billion, by far the largest in their history.Once approved, which is intended to be achieved by the end of August, it will directly and immediately make about $33 billionavailable to African members. It will boost their reserves and liquidity, without adding to their debt burden.
Over the course of the last year, the IMF has built experience in facilitating the on lending of SDRs – thus managing to triple their concessional lending capacity as a result.
The Third being, actions at home. According to Georgieva “a crisis is an opportunity for transformational domestic reforms that increase domestic revenue, improve public services, and strengthen governance. For instance, digitalization can improve tax administration and revenue collection, and the quality of public spending. And with radical transparency, Africa can tap into new sources of finance – such as carbon offsets.
There is ample scope for countries to encourage private investment, including in social and physical infrastructure. New IMF research, published today, highlights that domestic and international investors could provide at least 3 percent of GDP per yearof additional financing by the end of this decade.”
Reforms of international taxation can also support Africa’s growth. For a long time, the IMF has been in favor of minimum corporate tax rates to reduce the race to the bottom and tax avoidance. And they strongly support an international agreement on digital tax, something France has been a leading voice for. It is important to secure fair distribution of tax revenues, so they can contribute to closing Africa’s financial gap.
Georgieva called on to each and every one to step up. Reminding the attendees that from history they are all familiar with what a shock of this magnitude can do if not countered forcefully and effectively.
De Beers’ Group, the world’s number one diamond producer by value, this week attributed the downfall of its sales for the fourth cycle week to the second wave of the Covid-19 variant (B.1.617.2) which was first discovered in India.
Diamond trading conditions have been hit by the Covid-19 crisis in India which is a major cutting and polishing centre for the world’s diamond trade.
The outbreak of the new variant has led to a humanitarian crisis with 280, 284 fatalities of the disease reported.
The London headquartered company said the sales in its fourth cycle fell to $380m (about P4.1 billion) down from $450m (about P4.8 billion) in the third cycle though it was higher than the fifth cycles of last year when the group shifted only $56m (P600 million).
De Beers emphasized that they continued to implement a more flexible approach to rough diamond sales during the fourth sales cycle of 2021, with the Sight event extended beyond its normal week-long duration.
The De Beers group Chief Executive Officer (CEO), Bruce Cleaver said the company continues to see robust demand for diamond jewellery in the key US and China consumer markets.
“However, the scale of the second wave of Covid-19 in India, where the majority of the world’s diamonds are cut and polished, has led to reduced midstream capacity and subsequently lower rough diamond demand, during what is already a seasonally slower time of year for midstream purchases,” said Cleaver.
Meanwhile Botswana health officials have confirmed the new Covid-19 variant in Botswana. The Ministry of Health and Wellness -through a press statement- informed members of the public that the variant (B.1.617), was confirmed in Botswana on 13th May 2021.
According to Christopher Nyanga, spokesperson at the Ministry, this followed a case investigation within Greater Gaborone, involving people of Indian origin who arrived in the country on the 24th April 2021.
Moreover the World Health Organization (WHO) recently announced that the Indian Covid-19 variant was a global concern, with some data suggesting that the variant has “increased transmissibility” compared with other strains.
The India variant (B.1.617.2) – is one of four mutated versions of the coronavirus which has been designated as being “of concern” by transitional public health bodies, with others first being identified in Kent, South Africa and Brazil.
Nevertheless when speaking at Bank of America Global Metals and Mining conference, Anglo American Chief Executive Officer, Mark Cutifani said the company portfolio is increasingly tilted towards future enabling products and those that need to decarbonise energy and transport in order to meet consumers’ needs – from home appliances, electronics and infrastructure, to food and luxury goods.
“We see material opportunity for Anglo American to continue to set itself apart in terms of the performance of our diversified business, further enhanced through sector-leading 25% volume growth over the next four years, led by copper and the platinum group metals,” said Cutifani.
“Most importantly, as the supplier of such critical materials, it is the duty of our industry to ensure that in everything we do, we act responsibly and deliver enduring value for our full breadth of stakeholders, including our planet.”