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Fishs award should prop up local entrepreneurs

The Managing Director of Leapfrog, Pabalinga

The Managing Director of Leapfrog, Pabalinga says his nomination for the International Arch of Europe (IAE) Award by the prestigious Organisation; the Business Initiative Directors (BID) should urge other Batswana entrepreneurs to explore markets outside Botswana, “because the markets out there are bigger than in Botswana.”

BID has been giving business awards to different business people throughout the world since 1970, previous winners include, founders of Shannaz Herbals, Sheraton Hotels, Wal Mart, Reliance Foundries and Tata Group among others.

Leapfrog was selected to receive the International Arch of Europe (IAE) Award in Frankfurt, Germany yesterday (Friday). This award has been presented in the past to companies that have shown true commitment to excellence and quality in their fields.

The award was presented after research and analysis carried out through Quality Hunters, leaders, entrepreneurs and experts in quality directed by the Business Initiative Directions (BID) in recognition of Leapfrog’s contribution in terms of Leadership, Quality and Excellence.

“It is a really proud moment for myself and my company especially as a start-up company from Botswana. For Leapfrog to be recognised so far out for quality and leadership is most humbling. It is not often that one is awarded for excellence and for a small company like Leapfrog to be recognised amongst giants in business, is special,” said Pabalinga.

According to Pabalinga, Batswana have always been good business people especially those that have explored outside markets.

“I would like to see more of us venture outside because the markets out there are bigger than in Botswana. The world is for the taking because as a country we have focused well on education and this makes us globally competitive. We just don’t venture out enough maybe for fear of what we can achieve when we do, even Botswana bred organisations must join the lead and do more within the SADC region,” said the Leapfrog MD.

The final decision to present the IAE Award in the Gold category to Leap Frog in Frankfurt was made by the IAE Selection Committee on the basis of the criteria of the QC100 Total Quality Management Model.

According to Pabalinga, entrepreneurship is filled with lots of ups and downs, and the award therefore has humbled him.

“It’s always comforting to see that after being in business for so long one can get recognition especially for Leadership and Excellence. Leadership is a measure that’s based on management of people and we are a people centric company and it shows we have been good to the community we work with and around,” Pabalinga shared.

The MD further said he hopes that the award will inspire other young Batswana to go all out and not try taking short cuts in life, “Sometimes achievements don’t always mean having billions in your bank account but at times its about having the knowledge that one can pass  on to other generations. As a business we will keep trying to get better and in the process hope to keep pushing our industry up.”

Though gratified by the award, Pabalinga concedes that he too has stopped to wonder what “being excellent” meant. He however articulated that he believes that when one strives for perfection, they become good at what they do. He said his team at Leapfrog have been motivated to do better than before, through the award.

Pabalinga strongly believes that he is in business for a good cause hence over the years he has made time to help others and  employ Greenfields where to give them the necessary experience that would assist them in the future life.

“All the projects we get involved in are very people centric. We involve a lot of University students who get practical knowledge about how to be involved in successful events and PR management of such. We therefore would like to use this award as a way of encouraging more organisations to make time and space for the Greenfields so they also can get the necessary education and experience to stand a chance of making it in life as well,” he said.

The International IAE Convention took place in Frankfurt from April 24th to 26th, 2015, with the award presentation held at the spectacular Theatre Convention Hall.

The award, given to leaders by leaders, is sponsored by 26 Imarpress media publications ( all oriented towards organizations focused on innovation, quality and excellence.

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China’s GDP expands 3% in 2022 despite various pressures

2nd February 2023
China’s Gross Domestic Product (GDP) expanded by 3% year-on-year to 121.02 trillion yuan ($17.93 trillion) in 2022 despite being mired in various growth pressures, according to data from the National Bureau Statistics.

The annual growth rate beat a median economist forecast of 2.8% as polled by Reuters. The country’s fourth-quarter GDP growth of 2.9% also surpassed expectations for a 1.8% increase.

In 2022, the Chinese economy encountered more difficulties and challenges than was expected amid a complex domestic and international situation. However, NBS said economic growth stabilized after various measures were taken to shore up growth.

Industrial output rose 3.6% in 2022 over the previous year, while retail sales slightly shrank by 0.2% data show that fixed-asset investment increased 5.1% over 2021, with a 9.1% hike in manufacturing investment but a 10% fall in property investment.

China created 12.06 million new jobs in urban regions throughout the year, surpassing its annual target of 11 million, and officials have stressed the importance of continuing an employment-first policy in 2023.

Meanwhile, China tourism market is a step closer to robust recovery. Tourism operators are in high spirits because the market saw a good chance of a robust recovery during the Spring Festival holiday amid relaxed COVID-19 travel policies.

On January 27, the last day of the seven-day break, the Ministry of Culture and Tourism published an encouraging performance report of the tourism market. It said that domestic destinations and attractions received 308 million visits, up 23.1% year-on-year. The number is roughly 88.6% of that in 2019, they year before the pandemic hit.

According to the report, tourism-related revenue generated during the seven-day period was about 375.8 billion yuan ($55.41 billion), a year-on-year rise of 30%. The revenue was about 73% of that in 2019, the Ministry said.

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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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