Inside govt’s plan to create 100 millionaires in 10 years

Gaborone CBD PIC. THALEFANG CHARLES
Gaborone CBD PIC. THALEFANG CHARLES

Cabinet has approved a Middle-Income Strategy that, among others, aims to produce 100 young, citizen millionaires in 10 years. Government hopes to achieve this through initiatives such as supporting franchising activities, renewable energy projects and the establishment of a presidential Top Entrepreneur Development Fund aimed at startups by graduates.

Mmegi has established that the strategy has been in the works since at least 2017, developed as a government resolution to enhance citizen participation and empowerment in the economy as well as the growth of the middle class. Information dug up by Mmegi indicates that the strategy has been circulating among various stakeholders for the past few years, helped by lead consultants, I-Six Logistics Consultancy.

Unveiling the Strategy earlier this week, Investment, Trade and Industry minister, Mmusi Kgafela said he had recently presented Cabinet with a ‘thick document’ prepared by experts on lifting young Batswana into the ranks of the rich, through several initiatives aimed at greater economic participation.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

Have a Story? Send Us a tip
arrow up