The Botswana Government, through the Ministry of Investment, Trade and Industry, has 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.
The MoU 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.
Launched as a pilot programme in January 2014, the Tokafala programme has supported over 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 made available through commercial sources.
“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.
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