Connect with us

Hi, what are you looking for?

Business

Alosa Group wins BDC Business Den

Alosa Group wins BDC Business Den
BIG WINNERS: Alosa Group accepting the BDC Business Den Award 2020

After beating off competition from 243 other entrants, Alosa Group has been declared winners of the first-ever Botswana Development Corporation (BDC) Business Den.

The BDC-led initiative aims to reach out to young entrepreneurs, giving them a chance to secure funding on a grant basis as well as networking opportunities.

As part of the prize, Alosa, which comprises Alosa Feeds and Alosa Biomass-Charcoal Briquettes, will receive funding of up to P500, 000. They will also remain in the Business Den for 18 months, with BDC providing constant monitoring and evaluation, playing a mentorship role until the project is mature and can graduate.

Following a pitch session held last week where 10 finalists were invited to present their ideas, Alosa emerged as the winner of the competition, which was open to citizen entrepreneurs between the ages of 18 to 35.

When giving remarks during Tuesday’s award ceremony, BDC Managing Director, Cross Kgosidiile said as the country’s main investment arm, BDC is excited to have launched such an initiative.

“The competition was open to businesses across all sectors, to align with our mandate of investing in a commercially viable project in all sectors of the economy,” declared Kgosidiile, adding he hopes the scheme will help local entrepreneurs form fruitful partnerships.

Advertisement. Scroll to continue reading.

“Entrepreneurs are naturally drawn to each other, they enjoy learning about each other’s experiences, they create partnerships with each other whenever possible,” he continued.

Kgosidiile emphasized that building such an ecosystem takes years of effort and requires an approach to business growth and economic planning that is sometimes hard to appreciate.

The MD noted BDC ultimately intends to support youth by cultivating entrepreneurship, providing an enabling environment, and exploring opportunities for scalable businesses that will drive Botswana towards an advanced economy.

*Grab next week’s issue for an in-depth profile on Alosa Group

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

YelloCard-Botswana
Advertisement
DStv Botswana
Advertisement
Emergency Assist 991
Advertisement
FNB Botswana

You May Also Like

News

It was all joy and happiness for Boitumelo Gaeboloke when he was announced as the winner of a brand new Mercedes Benz A200 Sedan...

News

Thamaga 10 accused of murder, rape and robbery in single night of terror The high-profile trial of 10 suspected members of a notorious Thamaga...

News

“My signing the CMB contract had no bearing at all in the functions of the board” Morupisi The embattled former Permanent Secretary (PSP) to...

News

Goat rescue ends in donkey bite for 11-year-old boy Attempting to rescue a goat, an 11-year-old schoolboy was rewarded for his bravery with a...

International

We are straight out of the Easter holidays so I will choose to focus on light news. But before I get into the main...

News

A 34-year-old Maun woman accused of almost frying her boyfriend’s penis with boiling cooking oil in a cold-hearted attack appeared before Magistrates Court this...

Entertainment

It hurts to see some leaders flagrantly flouting covid- 19 protocols when new positive cases are increasing by the day. The latest to be...

News

BRIDE ARRESTED IN CONNECTION WITH GROOM’S DEATH What was meant to be a wedding celebration in Lotlhakane village turned into mourning over the Easter...

News

Two Werda women got sick and died after drinking traditional beer named Khadi at home in Hereford, about 50km from Werda. The two victims...

Entertainment

Within her first month as BFA CEO, Goaba Taylor is alleged to have embarked on a spring-cleaning mission already. Shaya has been told that...

News

The Second Vice President of Botswana Landboard Local Authorities and Health Workers Union (BLLAHWU) Boemo Bato has withdrawn her affidavit in a case against...

Entertainment

The entertainment industry is mourning the loss of yet another high profile individual. The latest to enter the Pearly Gates is former Bouncer and...

Advertisement

Copyright © TheVoiceBW. (Since1993) made with ❤️ in Botswana.