LEA Strategy to Empower Citizens [press release]

| April 28, 2014 | 0 Comments

Local Enterprise Authority (LEA) will this year start a three-year strategy. Speaking at LEA Small and Medium Micro Enterprises (SMME) Pitso on April 24, board chairperson, Mr Batlhatswi Tsayang said the strategy would ensure that LEA serviced all sectors of the economy.

He said the strategy was informed by a research, which LEA had undertaken across the country in the last financial year. Mr Tsayang said through the research, LEA had identified the business opportunities in different regions across the country to foster economic activities that could give each region a competitive edge. He stated that LEA would offer a different service to its clientele, where there would be specific assistance given to micro enterprises on the one hand and services to the small and medium enterprises on the other. The strategy, he said, recognised the different needs in the various enterprises, therefore would ensure growth and sustainability of the businesses.

Local Enterprise Authority (LEA) will this year start a three-year strategy.

Speaking at LEA Small and Medium Micro Enterprises (SMME) Pitso on April 24, board chairperson, Mr Batlhatswi Tsayang said the strategy would ensure that LEA serviced all sectors of the economy.

He said the strategy was informed by a research, which LEA had undertaken across the country in the last financial year. Mr Tsayang said through the research, LEA had identified the business opportunities in different regions across the country to foster economic activities that could give each region a competitive edge.

He stated that LEA would offer a different service to its clientele, where there would be specific assistance given to micro enterprises on the one hand and services to the small and medium enterprises on the other.

The strategy, he said, recognised the different needs in the various enterprises, therefore would ensure growth and sustainability of the businesses. “I am confident that this new strategy would allow LEA to continue to strive to empower Batswana to start and grow their businesses,” he said.

Mr Tsayang noted that SMMEs were making tremendous efforts in growing their businesses, adding that SMMEs had to rise up and realise that quality had to be at the centre of their enterprises in order to compete effectively.

In his remarks, LEA chief executive officer, Dr Tebogo Matome reminded the entrepreneurs to be at par with technology and be innovative in order to be competitive in the business industry.

Dr Matome said LEA identified technology and innovative strategies as vital for SMME growth and development.

Some of the entrepreneurs argued that they still faced challenges such as high costs of electricity connection, especially at their farms, which hinders their business growth.

The fourth SMME Pitso, which was held under the theme Innovation and Technology: A Key to Competitiveness, was a platform to hear voices of the SMMEs and other stakeholders who influence the growth and sustainability of enterprises and contribute towards the economy.

Source : Government of Botswana

Category: Governance

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