Alosa wins BDC Business Den prize

By Thamani Shabani

FRANCISTWON - Alosa Group of Companies has been hailed for being an inspiration to the youth.

The company scooped position one in the Botswana Development Corporation (BDC) Business Den
in 2021, winning the P500 000 grand prize out of 243 proposals.

The company is currently in incubation for 18 months in the Business Den, with BDC providing constant monitoring and evaluation until the project has matured and graduated.

Giving a keynote address at an official launch of the company in Francistown on Thursday, BDC managing director, Mr Cross Kgosidiile explained that the Business Den initiative was a project BDC held dear, with the main objective of reaching out to budding, ambitious and self-driven youth entrepreneurs, to allow them to secure funding on a grant basis accompanied by mentorship and networking opportunities.

He said the competition was opened to young citizen entrepreneurs aged between 18-35, with ideas for either a new or existing business seeking expansion opportunities.

Mr Kgosidiile said BDC was fully committed to contributing to the development of a viable, competitive, and profitable manufacturing industry.

“Through Alosa Group of Companies, BDC will be fulfilling its mandate of promoting citizen economic inclusion, creating sustainable economic diversification and creating jobs for Batswana,” stated Mr Kgosidiile.

He explained that Corporate Social Investment was a crucial component of any business.

“At BDC, it is an aspect that resonates with our hearts and our
mandate.

It is incredibly important that our business operated in a way that demonstrated social responsibility,” he added.

Mr Kgosidiile stated that the corporation therefore, embraced the development of a more inclusive economy by actively addressing community development objectives that emphasised developmental
returns with maximum impact.

He explained that as BDC grew and evolved, it sought to continuously deliver on impactful corporate social investment and corporate social responsibility initiative in line with its mandate.

Mr Kgosidiile stated that the corporation was steadfast in the Corporate Social Responsibility efforts through which it had been able to touch the lives of many Batswana.

The economy and future prosperity of Botswana, he said depended on many factors, high on the list being the ability of entrepreneurs to develop ideas into greater enterprises.

“The Business den is one such initiative through which the corporation seeks to give back to the community by empowering young business-minded people to take their ideas and businesses to the next level,” Mr Kgosidiile said.

He said he was delighted by the prospect that the initiative had taken to strengthen economic growth and diversification in order to promote economic activity in the Northern Region.

Alosa Group of Companies managing director, Mr Samuel Ntshiwa from Mowana village thanked BDC for partnering with him.

He said the challenges experienced were a learning curve as the company was still young. Mr Ntshiwa said the company was eager to grow the economy and create employment for Batswana.

He said that currently Alosa had employed seven people.

He appreciated the help they were getting from BDC and called on young Batswana to start their own businesses to fight poverty.

BDC head of corporate affairs, Ms Boitshwarelo Lebang- Kgetse said the corporation was committed to its Corporate Social Responsibility programme through which the corporation had been able to touch many lives.

She said BDC intended to support the youth by cultivating entrepreneurship, creating an enabling environment, and exploring opportunities for scalable business that would propel Batswana and Botswana forward as the country looked forward to advance the economy. BOPA