Botswana: Business Place Gaborone to Boost SMMEs

Wednesday, September 27, 2006

Lack of management skills by many of Botswana’s Small to Medium Enterprises (SMMEs) could be a thing of the past, as the newly established Business Place (Centre) Gaborone will endeavour to address these shortfalls.

The centre, which was unveiled to stakeholders last week during the donor presentations, is situated at Maraka House at the Gaborone bus station. The donor presentation gave sponsors a chance to present their pledges and funds, which amounted to over P1 million.

The Business Place is the brainchild of Investec Asset Management and a collaboration of other local companies.

Investec muted the idea in 2004 in collaboration with Barloworld Botswana, Motor Centre Group, the University of Botswana (UB), the University of Botswana Foundation, Kgalagadi Beverages Trust, Department of Youth and Culture and CEDA. The Managing Director of Investec Asset Management Botswana, Martinus Seboni, explained that while government agencies like CEDA and NDB have sponsored SMME projects, they go out of business within 18 to 36 months of operation.

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Source: All Africa (link opens in a new window)