the monitor

F/Town entrepreneurship programme targets youth, SMME growth

Thapelo Mgoni
Thapelo Mgoni

Often young local entrepreneurs struggle to penetrate the market or run successful businesses as a result of a number of issues like financial illiteracy or lack of business planning skills.

Hence government interventions fail to help such small enterprises participate and contribute meaningfully to the economy. In a bid to address these shortcomings, Lore Innovator is organising a series of training initiatives aimed at training entrepreneurs and mentor Small, Medium, and Micro Enterprises (SMMEs) owners in navigating these challenges. The local entrepreneurship development hub is this time around hosting Francistown Entrepreneurship and Business Development Training Programme, which aims to train up to 200 participants through a series of intensive weekend workshops focused on business growth, innovation and investment readiness. Lore Innovator director, Thapelo Ngoni, explained that empowering entrepreneurs with practical skills and access to business support services remains central to government's efforts to build a resilient and diversified economy.

"Programmes of this nature provide aspiring entrepreneurs and existing businesses with the tools needed to unlock opportunities, improve competitiveness and contribute meaningfully to national economic growth," Ngoni said when speaking on the importance of entrepreneurship development. The programme, which will take place in Francistown next month, will equip young people and small business owners with practical skills to start, grow and sustain businesses. It comes as Botswana continues to prioritise entrepreneurship and private sector development as critical pillars for economic diversification, job creation and sustainable growth.

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