We have all been there at one point or another in our lives, job hunting. It’s not the easiest of feats to complete despite the ease with which the words, “go get a job!” may roll off the tongues of our significant other or family members.
In reality, finding a job is a job in itself! Information is your greatest ally because if you don’t know who is hiring then you are forced to go door-to-door dropping off your CV with companies in the hope that someone will say, “what luck, we were actually talking about hiring someone with your exact skillset just this morning!” Not the likeliest of scenarios as I’m sure you’d agree. So how do we collected this much needed information? Newspapers of course.
This has been the space in which you are guaranteed to find up-to-the-week information about companies that have vacancies. But there’s a catch. Which paper do you buy? Employers have a choice of advertising on any newspaper they choose. Your larger companies with bigger advertising budgets can foot the bill to advertise across multiple papers in any given week.
They do this to increase the reach of the vacancies they are advertising because they don’t know which paper the perfect candidate prefers to read. The job seeker doesn’t have the luxury of knowing what and where vacancies will be advertised, so forced to buy as many newspapers as they can afford for as long as they are looking for a job.
This is the beauty of online job boards. Their purpose is to help you find a job whilst saving you time and money. Online job boards are websites that connect the employer to the employee by sharing up-to-the-minute information. They provide a space where the employers can advertise vacancies in their company that job seekers can find in a central location.
These sites have been around for almost over 15 years now and finally in Botswana we have developed one for our market, Careerpool. This is a job board that will revolutionize the manner in which employers and employees share information with one another. With the cost ranging from negligible to nothing.
As a job seeker you now don’t need to purchase multiple newspapers and troll them for jobs that have been advertised. Careerpool now offers a central location where all available vacancies are listed for you to peruse at your convenience, through whatever device you have at your disposal with internet connectivity.
The timing couldn’t be more perfect for this technology as the telecommunications providers fight to provide the most affordable data for their clients. So this means searching for a job online will not burn a hole in your pocket. Careerpool and other international job boards of its kind boats exciting electronic recruitment functions for both employer and employee. For the job seeker, they can upload their CV to the site and setup job alerts.
This function allows the user to input their desired field of expertise and request to be alerted by mail of all jobs advertised on Careerpool that require the said expertise. So now you are automating your job searching minimizing the work involved!
The job adverts literally come to you on your device wherever you are in the world. True convenience and tangible cost cutting for the job seeker like they have never before seen or experienced. As now the time spent going to the site to check for advertised jobs is brought to a minimal. This kind of convenience is enjoyed by the employer as well.
The job adverts they post on Careerpool are guaranteed to get to the right people within the desired time as a result of them advertising on a centralized location where job seekers are present and have set about automating the process of receiving information on relevant vacancies. It is peace of mind that the fraction of the budget spent advertising on Careerpool will yield the desired result, people knowing about the vacancies and applying accordingly. The e-recruitment functions don’t end there.
I can’t tell you how many companies are struggling with the proper management of the CV’s that they receive on a daily basis. Through no fault of their own, mounds and mounds of CV’s pile up in offices and on desks in human resources departments. CV’s of people who were sent out of the comfort of their homes to, “go find a job!” by loved ones.
Hoping and praying that they are in luck and there is a position available for them at your company. This isn’t always true, in fact almost never. If companies do accept their CV’s they just join the pile of obscurity and are lost amongst all the others that came before it. But here’s the thing, your skill and experience might be of great value to the company at a later stage but now finding you in the heaps of non-impressive CV’s is a tall task for any practitioner.
Careerpool allows employers the opportunity to start their own digital talent pool within Careerpool. A talent pool that belongs to only them. When companies place adverts they can instruct candidates to apply directly to the site thereby growing this pool. Once the advert is closed and the candidate has been selected the unsuccessful candidates don’t get thrown out into the CV graveyard. Now they will form the basis of your talent pool.
A pool that you can come back to at a later stage with a new vacancy, if the system, instructed by you, deems they have fulfilled the minimum requirements outlined in your advert. The candidates who had previously applied and were unsuccessful may just be the perfect candidates for upcoming jobs. Nifty right? There is a fractional cost option to advertise jobs online through sites like Careerpool. They have a great reach and appeal with job seekers.
Not to mention the e-recruitment functions that go beyond just advertising. It’s easy to see why job board technology is here to revolutionize the recruitment process forever. It takes the work, out of finding a job! So whether job seeker or hr practitioner, search www.careerpoolbotswana.com, the job board designed for Batswana to reap the benefits of this world wide technological advancement.
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.”