De Beers Mentoring Program Aims To Help 1,000 Businesses & Support 5,000 Jobs
For their socio-economic contribution, De Beers Group has taken it upon itself to launch a mentoring program called Tokafala which encourages economic diversity. The program is a three-year partnership between the Government of the Republic of Botswana, Debswana, De Beers and Anglo American. It offers mentoring, financial support and market access.
Launched in 2014, Tokafalaβs goal is to diversify the economy in Botswana away from mining by developing a strong middle-class of entrepreneurs, who later become employers. The word βtokafalaβ means βto improveβ, so it was chosen as the name for the business development program for small, micro and medium-sized enterprises.
In time, the aim is to help almost 1,000 businesses and in turn support up to 5,000 jobs, boosting local communities and supporting the countryβs economy. It also helps individuals and businesses gain access to useful government programs such as the Poverty Eradication Program. Tokafala, based in Gaborone, also reflects the companyβs commitment to promote gender equality and equal opportunities. About 40 per cent of businesses taking part are female-owned or co-owned.
