Tokafala Success Leads To Extension
Monday, February 06, 2017
The Tokafala business skills advisory programme, which aims to promote economic development and employment creation through Small Macro Medium Enterprises (SMME) support, was started on January 1, 2014 under a three-year contract to December 31, 2016.
It is a partnership between the Botswana government, Anglo American, De Beers and Debswana. According to the Tokafala programme manager, Robert Wiggins, the programme has surpassed expectations in the three years of operation, which led the donors to extend it.
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...