Kgalagadi Beverages Trust (KBT), the social investment arm of Kgalagadi Breweries (Pty) Ltd (KBL) and Botswana Breweries (Pty) Limited, this week declared that they will be funding their annual youth entrepreneurship project, Kickstart, by P1 million.
Announcing the beginning of the fourth round of this competition, KBL Trustee, Hloni Matsela, who is also KBL Group Managing Director, explained that the funding will go towards project capitalization, mentorship, training and ensuring the successful delivery of the project.
Matsela stated that the project’s importance in reducing unemployment and developing quality entrepreneurs has influenced the decision to continue funding the programme.
“In just four years, Kickstart has already created 52 permanent jobs whose trickle down effect is changing many lives across Botswana,” said Corporate Communication Manager, Thabiso Botlhole, when receiving the sponsorship on behalf of the beneficiaries. “This project, which accepted applications from the 1st of August 2007, seeks to fund 4 to 5 entrepreneurs and train a further 10 entrepreneurs to bring the total number to 18 and 45 for funded businesses and trained entrepreneurs, respectively,”
To date, Kickstart has funded 13 young people from different business sectors operating from various places in Botswana. The project will this year increase its total sponsorship to P4 million since its inception.
To ensure increased geographic spread, the corporation stated that the application forms will be made available from various KBL and BBL depots located in Gaborone, Lobatse, Kanye, Palapye, Franscistown, Selibe Phikwe, Maun and Chobe Beverage Distributors in Kasane. The deadline for applications is September 27 2007 and winners will be announced in January 2008.