30 Jun 2022

Traders have been warned that they can not operate businesses in silos and expect to be profitable and sustainable.

Speaking at the launch of Traders Hub, a Fairgrounds Holdings initiative, in Gaborone yesterday, Minister of Entrepreneurship, Mr Karabo Gare said business people needed one another for survival.

He said the initiative was much appreciated, especially after two years of relative economic slowdown due to the COVID-19 pandemic.

It was time for everyone to be creative and increase pace for the economy to recover, said the minister.

Mr Gare said the initiative would ignite entrepreneurial interest among hub participants as well as Botswana Consumer Fair attendants in general.

Minister Gare said the hub’s objectives included  provision of a platform for local producers to sell commodities over a seven-day period and gave them an opportunity to amplify their products and brands.

It would act as a link between traders, buyers and value chain participants as well as  a platform for local producers, buyers and key value chain players to interact, exchange ideas and build valuable linkages that could propel their businesses, he said.

Mr Gare said the initiative supported the ministry’s mandate of providing guidance in creating sustainable linkages and market access for enterprises while also stimulating entrepreneuship development in the country.

“Your plan to mobilise at least 50 local companies from various sectors value chains to participate at the Traders Hub, during Botswana Consumer Fair recognises the need and advisability of creating platforms for all participants to benefit,” he said.

The minister said the initiative also supported the ministry’s efforts  towards implementing the Reset Agenda priorities, especially  mindset change and approach to business and opportunities as well as encouraging interactions and exchanges within major value chains.

Minister Gare said the initiative would also contribute to government’s plans of improving food security and economic diversification.

Fairgrounds Holdings CEO, Ms Gorata Gabaraane encouraged supporting and sponsoring organisations to invite and enable businesses within their portfolios to participate meaningfully at the Traders Hub so as to reap the full benefits.

She said the hub would be strategically positioned during Botswana Consumer Fair at the entrance of Ditshupo Hall for easy access and visibility. ENDS