Check Out 10 Institutions Here That Fund Youth Owned Businesses!
Here is a list of 10 institutions offering business funding for the youth in Botswana.
Citizen Entrepreneurial Development Agency (CEDA)
CEDA was established as a parastal organisation to provide financial and technical support for business development with a view to the promotion of viable and sustainable citizen owned business enterprises as one of their programmes. CEDA offers funding for start-ups, expansions, stock or working capital in new and existing business ventures. The Agency also offers business advisory services to entrepreneurs in various skills as identified through the needs assessment that is conducted during the monitoring of funded businesses.
Contact Details
Prime Plaza, Plot 54358,
Corner PG Matante Road and
Khama Crescent Extension
CBD, Gaborone
T : +267 398 6563
F : +267 398 1111
E : [email protected]
Free Call Number
BTC (only) : 0800 600 644
Orange (only) : 11 44
Mascom (only) : 71 119 722
E-mail : [email protected]
Website : www.tip-offs.com
Fax : 00 27 31 502 6760
FreePost : Business Reply Service, Licence No 1102, P O Box 448, Gaborone, Botswana
Youth Development Fund (YDF)
This is an empowerment programme aimed at promoting active participation of youth in the socio-economic development of the country. To promote the development of competitive of sustainable and growth oriented citizen owned youth enterprises and to create sustainable employment opportunities for young people through the development of sustainable projects. The YDF Assistance is available to individuals and companies who meet the following criteria: Batswana aged 18-35 years, out of school youth, unemployed youth, underemployed youth and a legally registered business/company that is owned by young citizens. The funding is from P50 000 to P100 000 per project. Each project should be conceptualised and initiated by eligible youth who is prepared to be involved in its running on a full-time basis.
Contact Details β> www.mysc.gov.bw
Young Farmers Fund (YFF)
Young citizens have improved access entrepreneurial training so as to enable them to engage in sustainable agricultural activities better equipped with the requisite skills for managing farming business. Financial assistance provided by Young Farmers Fund, is in the form of loans at subsidised interest rates. The loan may be used for infrastructure development required for the project or to cover working or both.
Contact Details β> Administered by Citizen Entrepreneurial Development Agency (CEDA)
Kgalagadi Brewery Limited-KICKSTART (KBL)
Funds youth start-up businesses through a programme called Kick-start. In 2004, Kgalagadi Beverages Trust (KBT) launched KickStart, a youth entrepreneurship development programme aimed at 18 to 30-year-olds who either want to start businesses or expand their existing businesses. KickStart provides business skills training, mentoring and grants to assist small businesses. Now in its eighth year, KickStart is the largest and most successful enterprise development programme run by a group of private sector companies in Botswana. KickStart continues to be highly successful in inculcating a culture of entrepreneurship among young Batswana who have over the years seized the opportunity as a platform for growth and business success.
Kgalagadi Beverages
Plot 20768, Kubu Road, Broadhurst,Industrial
NCONGO-Youth in Business
The Youth in Business Botswana was established in 2012 as an association dealing with youth entrepreneurs, we realized that the youth entrepreneursβ businesses do not perform well. This is due to finance, training, mentor and project management. Though the Y I B is still at an early stage of development, it strives to work cooperatively and in partnership with Department of Youth, Ministry of Agriculture, BOCODOL, BNYC, and North West District Council.
Contact Information Telephone: Contact Ms Onowe Maritintshi @ 73834608 Email: [email protected]
Embassies e.g (United States)
The Ambassadorβs Special Self-Help Fund provides grants to assist small-scale community development projects that improve basic economic or social conditions at the village level. The objective is to encourage self-reliance within local communities, and to demonstrate the U.S. Governmentβs interest in the welfare and social development of Botswana. Projects should include significant community contribution and/or involvement and lead to ongoing, self-sustaining activities.
U.S. Embassy Gaborone
Self-Help Coordinator
P.O. Box 90
Gaborone, Botswana
EMAIL: [email protected]
Local Enterprise Authority (LEA)
LEA continues to work with different stakeholders to identify new business opportunities within its four main sectors. In tourism, LEA encourages SMME entrepreneurs to harness opportunities availed by the local eco-tourism sub-sector. There is great potential for the development of new businesses and products in this sub-sector through the harnessing of the culture heritage, historical sites, folklore products, arts and crafts, to name but just a few. LEA has already taken some initiatives intended to assist SMMEs harness these opportunities. One such an initiative is the Business Linkages Programme which has component targeting the utilisation of waste and by-products from local copper mines, the beneficiation of copper, and the supply of mining inputs.
Local Enterprise Authority (Head Office)
Private Bag 191
Gaborone, Botswana
Physical Address:
2nd Floor, Block A, Lot 50676 , Fairgrounds Office Park, Gaborone, Botswana
Tel: +267 β 36 44 000
Fax: +267 β 36 44 001
Email: [email protected]
Debswana- Peo
Peo Venture Capital (Pty) Ltd is a business development initiative established by Debswana Diamond Company and De Beers Holdings Botswana in 1997. It is committed to promoting and facilitating the establishment of commercially viable enterprises in Botswana as well as promoting the involvement of Batswana as owners in these in business. Since its inception, Peo has funded over 60 businesses, with an investment value of more than P36 million in both loans and equity. To the present these businesses have created over 1300 sustainable jobs. Peoβs strategy for the development of SMEs was specifically designed to address major constraints faced by the sector in Botswana, namely limited entrepreneurial skills, lack of capital, small domestic market and lack of financial management skills. The strategy is being further reviewed with a view to improve the focus of the company for better delivery of services.
BANKS
African Development Bank
National Development Bank
Commercial banks
Botswana Innovation Hub
The focal point of the BIH is to promote technology-based innovation and entrepreneurship. This is anticipated to create downstream job creation in new manufacturing and services enterprises.
Interim Physical Address:
Maranyane House, Plot 50654 Machel Drive.
Telephone No: +267 3913328
Fax: 267 3913289
email: [email protected]
