Okavango Post

13/02/2022

Best countries to invest in Africa. Botswana no.5.

07/02/2022

2022/23 RECURENT BUDGET PROPOSALS

The total recurrent budget is P53.6 billion.
1. Health and Wellness Ministry- P10.1 billion.
2. Basic Education- P9.87 billion
3. Defence Justice and Security Ministry- P8.5 billion.
4. Local Government & Rural Development- P7.5 billion
5. Tertiary Education Ministry- P3.26 billion.
6. Finance and Economic Development Ministry- P2.39 billion.
7. Transport and Communication Ministry- P1.82 billion.
8. Presidential Affairs Ministry- P1.58 billion
9. Agriculture and Food Security Ministry- P1.44 billion.
10. Remaining Ministries share the remaining budget of P7.32 billion.

30/01/2022

What Is Entrepreneurship?
Entrepreneurship can be defined as a system through which innovative and creative ideas are exploited to meet real customer needs through effective use of financial, human, and material resources. Entrepreneurship is expected to benefit the promoters through wealth creation, employees through decent salaries and meet necessary regulatory requirements. Innovation and creativity are key elements of entrepreneurship and as a result, the risk is inherent in entrepreneurial enterprises.

Both managerial and organisational skills are required in entrepreneurship to organise resources that can produce goods and services that can satisfy customer needs.

Entrepreneurship is typified by the following characteristics:

1. Dynamic economic system. Entrepreneurship is an economic system through which resources are organised efficiently to create value for customers and generate wealth for the promoters. Entrepreneurship usually takes place in an environment characterised by change and uncertainty, therefore is seen as a dynamic process.

2. Profit potential. Entrepreneurship involves significant risk to the business owner. Therefore, the entrepreneur should expect a financial reward for taking such a risk. The financial reward makes entrepreneurship an economic activity rather than just a hobby.

3. Inherent risk. Entrepreneurship is characterised by risk. Developing and implementing new and innovative ideas involves uncertainty and risk. New business ideas develop through an iterative process, they are hardly well developed right from the beginning. The results from new ideas are not always certain or rewarding, therefore the entrepreneur has to embrace the risk that comes with that uncertainty.

4. Creativity and Innovation. Entrepreneurship creates economic value through innovation and creativity. New ideas that emerge from such a process are used to produce products and services that serve unmet customer needs. Innovation and creativity are not limited to products and services only but extend to business operations as well. Through entrepreneurship, effective and efficient systems of operations are discovered, developed, and implemented in a way that makes the enterprise competitive in the market.

Don’t miss our next article on why Entrepreneurship is very important today than ever before.

19/07/2021

Sponsored Content.
We are ready to supply you with Farm Fresh chicken meat from our 3000 broiler capacity farm located in Etsha 13. We supply schools, shops, lodges/hotels, restaurants and families. We cater for ALL BUDGETS from as LOW as P10. Call Now on 72234514. Get it anyhow you want it; Braai pack, portions, whole or live. We are ready to fulfil your order today. CALL NOW

25/06/2020

11/12/2019

UNESCO: List of Intangible Cultural Heritage in Need of Urgent Safeguarding - 2019 URL: https://ich.unesco.org/en/USL/01502 Description: The Seperu folk danc...

04/12/2019

04/12/2019

HIV PREVALENCE RATE BY DISTRICT

Source: Botswana AIDS Impact Survey IV

08/11/2019

19/10/2019

Only the silence & inaction of good people with guarantee the success to bad people. Make
sure you vote on Wednesday

01/10/2018

Independence Day Message by Mokgweetsi Masisi President of Botswana

01/10/2018

Had former president Ian Khama known that in his political lifetime he and his protégé and incumbent President Mokgweetsi Masisi would experience a major fall out, he would have probably not anointed him his successor. Mmegi Staff Writer RYDER GABATHUSE reports that the decision by Masisi to dump...

Had former president Ian Khama known that in his political lifetime he and his protege and incumbent President Mokgweetsi Masisi would experience a major fall out, he would have probably not anointed him his successor. Mmegi Staff Writer RYDER GABATHUSE reports that the decision by Masisi to dump hi...

01/10/2018

Government negotiators are pushing for greater access and influence over De Beers’ most highly prized trade secret, the DTC price book, as talks with the diamond giant gather momentum.

Government negotiators are pushing for greater access and influence over De Beers' most highly prized trade secret, the DTC price book, as talks with the diamond giant gather momentum.

01/10/2018

GABORONE, Sept 18 (Reuters) - Botswana's economy is expected to expand by 4.5 percent this year, down from an estimate in February of 5.3 percent, the finance ministry said on Tuesday at a 2019 budget conference.

(Adds detail)

01/10/2018

Sept 28 (Reuters) - Botswana's economy expanded by 2.4 percent in the second quarter of this year from the previous three months after contracting 1.5 percent in the first quarter, data from the statistics office showed on Friday.

Botswana's economy expanded by 2.4 percent in the second quarter of this ye...

13/04/2018

Lucara Diamond Corp. has recovered yet another massive diamond in Botswana, at a site previously owned by giant De Beers.
The 472-carat light brown stone is the third largest found by Vancouver-based Lucara at the Karowe mine. The site has proven a windfall for the Canadian miner which now produces some of the biggest and best diamonds in the world.

Lucara Diamond Corp. has recovered yet another massive diamond in Botswana, at a site previously owned by giant De Beers.

13/04/2018

The President of the Botswana Congress Party (BCP) Dumelang Saleshando has pleaded with his members to stay calm and promised to announce his constituency soon. Without divulging much information, Saleshando assured his supporters that despite not currently having a constituency, he would go into next year’s general elections with one.

The President of the Botswana Congress Party (BCP) Dumelang Saleshando has pleaded with his members to stay calm and promised to announce his constituen...

13/04/2018

Botswana's Ministry of Transport and Communications will host the Regional Information Society Technologies in Africa conference (IST-Africa 2018) from May 9 to 11 in Gaborone, capital of Botswana, said a press released by the Ministry.

13/04/2018

Botswana's Amantle Montsho finishes strongly to take gold in the women's 400m with a time of 50.15 seconds at the 2018 Commonwealth Games on Australia's Gold Coast.

Botswana's Amantle Montsho finishes strongly to take gold in the women's 400m with a time of 50.15 seconds at the 2018 Commonwealth Games in Gold Coast.

13/04/2018

Gaborone — Nijel Amos yesterday failed to defend his 800metres Commonwealth Games title he won in 2014 in Glasgow. He finished last at the ongoing 2018 Commonwealth Games in Gold Coast.

Nijel Amos yesterday failed to defend his 800metres Commonwealth Games title he won in 2014 in Glasgow.

12/04/2018

Gaborone — Youth Alive Foundation (YAF) has invited the youth to participate in its second entrepreneurship and professional development seminar billed for April 27. The seminar, which is YAF's second annual event having started last year, will be hosted in Gaborone

Youth Alive Foundation (YAF) has invited the youth to participate in its second entrepreneurship and professional development seminar billed for April 27.

12/04/2018

The Secretariat of the Southern African Development Community (SADC) on 9th April 2018 handed over the second HIV and AIDS Cross Border Wellness Clinic situated at the Tlokweng border to the Botswana Ministry of Health and Wellness.

News and Press Release from Southern African Development Community, published 11 Apr 2018

12/04/2018

Welcoming the 15th Chinese medical team to Botswana in Gaborone recently, Chinese Ambassador to Botswana Dr Zhao Yanbo said as a sincere friend to Botswana, China began sending over Medical Teams in 1981.

The relationship between Batswana and the Chinese local governments continues to strengthen as China forges on to bring medical health practitioners with various qualifications to the country.

12/04/2018

GABORONE, April 11 (Reuters) - Botswana’s High Court has taken Tati Nickel Mine out of provisional liquidation, dismissing a request for more time to negotiate with potential buyers, the liquidator said on Wednesday.

Botswana's High Court has taken Tati Nickel Mine out of provisional liquidation, dismissing a request for more time to negotiate with potential buyers, the liquidator said on Wednesday.

12/04/2018

Botswana has clearly benefited from a series of relatively good leaders, as well as abundant natural resources, since independence. The challenge going forward is to continue with a focus on economic diversification, moving away from the country's dependence on diamonds. Closing the wealth gap in one of the world's most unequal societies will also be a huge challenge for the new president.

Analysis - On 1 April, Botswana's former president Ian Khama handed over the reins to Mokgweetsi Masisi, 56, a former education minister, after completing his constitutional two terms in office. Khama's retirement was a rare phenomenon on a continent used to heads of state clinging to power.

11/04/2018

The result was never in doubt and he crossed the finish line in 44.55 seconds, with countryman Baboloki Thebe second in a time of 45.09sec. Javon Francis, of Jamaica, was third in 45.11sec.

Isaac Makwala gave the country the first medal at this year's Commonwealth Games with a powerful 400m run at lunch time. Baboloki Thebe completed a fruitful outing for Botswana when he took silver.

11/04/2018

Botswana President Mokgweetsi Masisi yesterday dismissed any notion that his country and Namibia have border disputes, amid regular reports of Namibians often shot dead by the Botswana Defence Force (BDF) soldiers on suspicion they went into that country to poach.

11/04/2018

Makwala's golden moment!

11/04/2018

GOLD COAST, Australia -- Isaac Makwala led home a Botswana quinella in winning the Commonwealth Games men's 400m final at Carrara Stadium on Tuesday.

Isaac Makwala wins the 400m gold medal from Botswana compatriot Baboloki Thebe, with Javon Francis third.