Govt introduces new youth loan scheme

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The government has introduced a new scheme with a P450,000 loan ceiling to help the youth in industrial production. Kamogelo Seboni from the government Department of Youth said this week that the scheme, dubbed Youth Industries Scheme, is different from the current youth grant which has a loan ceiling of P100,000.

"The Youth Industries Scheme is available to fund existing businesses involved in production and packaging and is only available to a group of 5-10," Seboni told a one-day business seminar to motivate the youth to utilise services offered by Botswana Student Network (BSN), Local Enterprise Authority (LEA), Registrar of Companies and Botswana National Youth Council (BNYC). Besides the amount available and the group requirement, she said  other requirements in the new facility are similar to the current youth loan scheme.

Speaking at the seminar, BSN president, Kenaape Mohutsiwa said the organisation links students, the government and private companies to create exposure and disseminate information. He said the workshop provided a networking platform for students to socialise, share ideas and opinions with representatives from the participating organisations.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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