fbpx
New!Daily live updates: important information about the coronavirus pandemicRead More
Peggy Serame
BotswanaBusiness

Botswana crafting relief package for SMEs

1 Mins read

Botswana has embarked on a nationwide initiative to develop a centralized database for small, medium-sized as well as micro-enterprises (SMMEs) countrywide, ahead of cushioning the businesses from the impact of COVID-19.

The initiative spearhead by the government through its startup enterprise development arm – Local Enterprise Authority (LEA), kicked off on Tuesday.

“In order to facilitate decision making on availing COVID-19 relief, informal sector businesses are required to have registered by 31st May 2020”

said the Director of Corporate and Stakeholder Communications, Boikhutso Kgomanyane.

She said the database will inform the development of targeted support programs and policies that will effectively benefit the SMME sector.

Kgomanyane encouraged entrepreneurs to register citing that in future, SMME business development support will only be availed to those registered on the SMME database.

Last week, LEA conducted a survey of 382 SMMEs and the findings revealed that 63 percent of businesses had suspended operations with an average reduction in monthly revenue of 47 percent.

LEA is a coordinated and focused one-stop shop authority that provides development and support services to the needs of SMMEs, encompassing business advisory, on-site coaching, and monitoring, training, mentoring, market access facilitation, technology, and innovation support.

💡Got news for us? Send tip offs to [email protected]

Related posts
BotswanaBusiness

Botswana resumes sale of alcoholic beverages

1 Mins read
Long queues have formed outside shops selling alcohol in Botswana after restrictions on its sale, imposed two months ago as part of…
BotswanaBusiness

De Beers discussing the temporary move of diamond sales from Botswana with Government

1 Mins read
DE Beers is in discussions with the Botswana government to move diamond sales from its capital, Gaborone, nearer to buyers in international centres…
BotswanaSports

Botswana sets aside millions to help athletes, creative artistes, during COVID-19

1 Mins read
About P87 715 512,00 (7.2 million U.S. dollars) will be spent to cushion local athletes and creative artistes from the consequences of…
Be the first to get news!

We take you inside the companies and the topics that matter to you.

Leave a Reply

Your email address will not be published. Required fields are marked *