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BIH Signs KitsoWorks Memorandum of Understanding

Microsoft Corporation seeks to bridge the gap for job seekers and aspiring entereprenuers through the youth empowerment and employability online portal, “KitsoWorks”

Botswana Innovation Hub has partnered with Microsoft Innovation Centre and the Department of National Internship Programme in the Ministry of Youth Sports and Culture to establish a Youth Empowerment Programme that facilitates skills development and transfer to young unemployed Batswana graduates. The three partners have signed a Memorandum of Understanding today on the support and training of Botswana interns within the private sector.

KitsoWorks is a localised version of the Global Microsoft YouthSpark platform that provides Botswana youth with a job search function, youth mentoring and social and professional networking opportunities.

The youth empowerment and employability programme tackles ICT graduate unemployment by according graduates seeking jobs and business opportunities the option to submit their credentials to an online platform and database where they can be searched by those looking for talent and vice versa.

The graduates deliver value to a pool of participating local companies and in turn receive structured mentorship from their host organisations.
Speaking at the signing ceremony, Botswana Innovation Hub CEO, Alan Boshwaen said that Botswana Innovation Hub’s strategic partnership with Microsoft Corporation has resulted in the establishment of Microsoft Innovation Centre.

“KitsoWorks is a product of the continued search for new ways of extending and building on our partnership with Microsoft Innovation Centre to maximise its potential impact and adoption of world class technology, innovation and skills for graduates,” he said.

“This is an exciting programme that will not only have a significant impact locally, on skills development for the workforce but support technology based start-ups that are developing solutions for local challenges,” said Boshwaen.

Commenting on the partnership, Microsoft Country Manager for East and Southern Africa Eric Odipo said that the portal was necessitated by the need to bridge the information gap for job seekers, aspiring entrepreneurs and graduates by providing a network of accessible opportunities on various openings as well as necessary training on how to start a new enterprise.

“We hope that KitsoWorks will become a national authority on employability and entrepreneurship that will bridge the gap for job seekers, aspiring entrepreneurs and the young people of Botswana. Our aim is to match the right skills to appropriate jobs, equip youth with the necessary training, tools and knowledge required to succeed in their desired job,” he added.

Boitshepo Bolele the Director of The National Internship Programme, present at the ceremony said that KitsoWorks is connecting young people around the world with opportunities for education, employment and entrepreneurship. “The initiative spurs national efforts to tackle the scourge of unemployment while fostering technology transfer and creating new scientific and technological business opportunities,” she added.

In addition, Microsoft Innovation Centre Manager, Patel Barwabatsile said that KitsoWorks leverages the knowledge, expertise and creativity of industry players and harnesses their technology transfer to build the country’s innovation ecosystem that invariably addresses the country’s socio-economic challenges such as youth unemployment.

“The KitsoWorks portal (which is available at will help unemployed Batswana graduates gain the necessary skills for seamless integration into the emerging digital economy,” he concluded.

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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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