23 Jul 2019
DiamondWorld Directory
-
Home |
News
Home
Botswana Government signs MoU to expand the Tokafala programme
The MoU is signed with Anglo American, Debswana and De Beers Global Sightholder Sales
By: Diamond World News Service
|
Aug 8 2017 9:33AM
|
Reference: 15459  

DecreaseIncrease
Image Courtesy: De Beers
Image Courtesy: De Beers
The Botswana Government, through the Ministry of Investment, Trade and Industry, today signed a Memorandum of Understanding (MoU) with Anglo American, Debswana and De Beers Global Sightholder Sales to underpin the continued expansion of the Tokafala Enterprise Development programme.

Tokafala is a collaborative effort geared towards promoting economic diversification and job creation in Botswana through personalised business mentoring, advisory support tailored to the specific needs of the enterprise, and facilitating access to finance and market for clients. Since its pilot launch in January 2014, the Tokafala partnership has delivered significant performance improvements for participating businesses. This has included strong revenue growth, with participants growing revenues by an average of 39 per cent in the first two years of Tokafala’s operation. Micro-sized businesses, the biggest beneficiaries grew by an average of 260 per cent during this timeframe. In addition, the programme has supported more than 1,500 jobs, including the direct creation of more than 280 jobs. Participants have also received significantly improved access to finance, with more than BWP11 million being accessed from commercial sources.

The MoU between the Government and the three entities establishes principles of cooperation under which the partners will work together to continue expanding the Tokafala programme to support the growth of small, micro and medium-sized enterprises (SMMEs) in Botswana, as well as for capacity building of select Government enterprise development institutions.

Vincent T Seretse, Minister of Investment, Trade and Industry, said: “We are delighted to be continuing our very successful partnership with Anglo American, De Beers Global Sightholder Sales and Debswana to further expand the reach and impact of the Tokafala Business Development Initiative through the signing of this MoU.

“The further diversification of Botswana’s economy and the creation of new jobs for Botswana is a key priority for Government. We are delighted to have the support of our valued private sector partners Anglo American, Debswana and De Beers Global Sightholder Sales to assist us in achieving these goals and we look forward to growing the already successful Tokafala programme together.”

Mark Cutifani, Chief Executive of Anglo American, said: “A strong and vibrant business community benefits the whole of Botswana. Through the Tokafala programme, and our strong partnership with Government, we are providing a pathway to enable motivated small and medium-sized businesses realise their growth potential and contribute to a strong and diversified economic future for Botswana.”

Bruce Cleaver, CEO, De Beers Group, said: “As longstanding partners, Botswana’s interests are also our interests and, through this MoU, our partnership will be able to support even more Botswana enterprises achieve commercial success through improved market access, supply chains and access to finance.”

Balisi Bonyongo, Managing Director, Debswana, said: “We have been very pleased with the success of the Tokafala programme to date and look forward to the next phase of the programme, part of which will focus on Debswana’s mining sites. We believe this is critical as it adds enterprise and business development to the legacy that we would like to leave in the areas around our mines and across Botswana in general.”

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 15601
GJEPC Chairman Interview
Views: 14371
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 21234
Promo for IJ Awards 2012 at NDTV Profit
Views: 34003
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 37320
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 11866
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 35485
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 33485
Member of:
Supporter of: