Govt introduces new youth loan scheme

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The government has introduced a new scheme with a P450,000 loan ceiling to help the youth in industrial production. Kamogelo Seboni from the government Department of Youth said this week that the scheme, dubbed Youth Industries Scheme, is different from the current youth grant which has a loan ceiling of P100,000.

"The Youth Industries Scheme is available to fund existing businesses involved in production and packaging and is only available to a group of 5-10," Seboni told a one-day business seminar to motivate the youth to utilise services offered by Botswana Student Network (BSN), Local Enterprise Authority (LEA), Registrar of Companies and Botswana National Youth Council (BNYC). Besides the amount available and the group requirement, she said  other requirements in the new facility are similar to the current youth loan scheme.

Speaking at the seminar, BSN president, Kenaape Mohutsiwa said the organisation links students, the government and private companies to create exposure and disseminate information. He said the workshop provided a networking platform for students to socialise, share ideas and opinions with representatives from the participating organisations.

Editor's Comment
We should care more for our infrastructure, road safety

These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...

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