Lore Kid Entrepreneurship teaches children business skills early
Lesedi Mkhutshwa | Wednesday May 28, 2025 06:00
The centre, which is located in Gaborone, Phase 2, is designed to train and equip children with business related skills so that they can strive as business owners in future. The intervention comes at the right time when job security is no longer guaranteed. Lore Kid Entrepreneurship was one of the exhibitors at the 29th Business Botswana Northern Trade Fair which was held at Business Botswana’s grounds at Gerald Estates.
On the sidelines of the fair, Lore’s owner Thuso Majaha told BusinessMonitor his business centre teaches children entrepreneurship from a tenure age.
Majaha says after penning and publishing a book on kid entrepreneurship in 2023, he established the Lore Kid Entrepreneurship Academy in 2024.
Initially, the centre offered online classes for the rest of the nation, but that has since been complemented by opening of the business centre at Phase 2, Gaborone.
Majaha, who is a Mulambakwena native, explains that they discovered that teaching children business skills may help them with many aspects of life, not just combating unemployment and poverty.
'We discovered that this could combat additional forms of gender-based violence (GBV). A child who is empowered to pursue business will likely have a better life,' he says.
'Because they know how to use their resources, empowered young girls find it challenging to remain in violent relationships.'
According to Majaha, the programme of study has been expanded to include mentorship for business tours, theory and practice.
This gives them a wide range of knowledge as the children can explore vast opportunities at an early age.
Although Lore Kid Entrepreneurship instills entrepreneurial spirit in children so that they can grow into respectable business owners, it has also created employment opportunities for Batswana. The centre currently employs more than nine people.
He says they already have children who run successful enterprises, such as snack traders and others who pursue sport entrepreneurship.
The entrepreneurs stated that they employ over 150 people, Majaha says. He added that they educate entrepreneurship and collaborate with educational institutions like Dr. Wada's seminars.
Majaha has been in the field of development since completing his high school studies. He explains he entered the business world and worked in management accounting and organisational development after completing his secondary education.
He stated that with the assistance of his accounting firm, Majaha INC PTY-LTD, the centre was self-funded.
Prior to Lore Entrepreneurship, the 39-year-old worked with business owners who were trying to secure loans with commercial banks and other funders.
'We will keep on receiving funding for expansion, even when it occasionally doesn't proceed as intended on paper.
'We occasionally receive funding to launch a business, but it only lasts for five years,' he says.
Majaha further said after running into the same difficulties, he did some research trying to figure out why local businesses are persistently encountering such issues.
He stated that his findings were that majority of businesses fail not because of lack of opportunities or assistance, but rather because they perceive business as a foreign concept.
The Lore Entrepreneurship owner reveals that many local businesses are run in a traditional manner and lack knowledge which contribute to failures after a period of time.
Therefore, he found a niche to teach children entrepreneurship at an early stage of child development.
Majaha highlights Botswana’s cash flow problems and the reluctance of many parents to enroll their children, as some of the challenges Lore encounter.
In addition to earning a Degree in Accounting from the University of Botswana, he also completed short-term financial and management courses through the British High Commission.