Our Priorities: Communities
In Botswana, it is estimated that more than 80% of new business enterprises fail within two years, often due to poor management methods. In response, in 2004, Kgalagadi Breweries and Botswana Breweries launched KickStart with an aim of creating a culture of entrepreneurship among young people between the ages of 18 and 30.
The programme promotes business awareness and builds capability among young people through training, providing grants as start-up capital and mentoring and assistance during the business set-up phase. A mentor is commissioned to monitor grant beneficiaries and to help them to run their businesses prudently for the first twelve months.
At the close of submission of entries for KickStart 2011, over a thousand applications were received, of which sixteen were selected at preliminary judging. The chosen sixteen then went on to participate in a two week business training course from January 19th until February 2nd. During the course, the young entrepreneurs were given business skills training and taught how to develop a business plan.
To date, KickStart has distributed over US$ 1.2 million to youth entrepreneurship projects and provided business skills training to more than 90 young entrepreneurs. The programme has enabled more than 22 young Batswana entrepreneurs to realise their dreams of owning a business. In addition, over 80% of the supported businesses are still in operation.
Comments are moderated, and will not appear until the article's author has approved them.
We will not publish comments we deem to be advertising, spam, off-topic, or defamatory, abusive, libelling, threatening, obscene, hateful or which are not in English.