Academic calls for entrepreneurship development

Radikolo PIC: MORERI SEJAKGOMO
Radikolo PIC: MORERI SEJAKGOMO

Botswana has serious work to do when it comes to encouraging entrepreneurship in the country, says Ishmael Radikoko, a finance lecturer at the University of Botswana (UB).

Giving a presentation at the Botswana Investment Conference held in Gaborone on Saturday, Radikoko said there is a need to create awareness on the availability of opportunities for starting businesses among the adult population in Botswana. He pointed out that government institutions responsible for promoting entrepreneurship, such as the Citizen Entrepreneurial Development Agency (CEDA) and the Local Enterprise Authority (LEA), need to intensify their promotional efforts. He said this would ensure that the adult population is aware of available sources of funding, training programmes and other government policies that are aimed at stimulating entrepreneurial activities in the country.  “There should be reduction in obstacles during the business start-up process and ensuring that expertise can be easily accessed when it is required,” he said.

According to Radikoko, entrepreneurs may be discouraged if they have to follow many rules and procedures, and if they have to report to many administrators, as well as having to spend more time fulfilling the requirements. He urged that the issue of funding sustainable youth and female entrepreneurial initiatives should be top on the government agenda, adding that the Ministry of Youth, Sport and Culture needs to ensure that its support for youth programmes is balanced on the basis of gender. 

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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