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LEA hands-over equipment to BORAVAST Trust

patriot by patriot
November 16, 2021
in Business
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LEA hands-over equipment to BORAVAST Trust
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  • Launch the joint community project in Bokspits

To promote entrepreneurship and Small, Medium and Micro Enterprises (SMMEs) in Botswana, Local Enterprise Authority (LEA) -a parastatal under the Ministry of Investment Trade and Industry on Friday (12th November 2021) donated specialised equipment to the BORAVAST Trust in Bokspits. 

As part their mandate LEA identify community projects that have potential to scale up, increase production, create employment and diversify the local economy to drive business growth and sustainability. To this end, LEA has partnered with the BORAVAST Trust -a community project that harvests and processes an invasive tree species popularly known as Sexanana (Prosopis Mesquite), into various products such as livestock feeds and charcoal. The project is based at Bokspits but is a collective initiative that benefits three other villages namely: Rappelspan, Vaalhoek and Struizendam.

LEA has procured specialized equipment necessary to advance the BORAVAST project to the next level as requested by the Trust. The equipment includes two trailers, heavy duty fodder processors, four chain saws, trailer mounted log cutter, 2 tonne delivery cargo trailer and office furniture. LEA will also extend their involvement to business interventions such as business management training, mentoring, coaching and others that will enable the project to operate profitably and remain sustainable.

The launch of the BORAVAST project in Bokspits, on Friday, was attended by Assistant Minister of Investment, Trade and Industry Molebatsi Molebatsi- who performed the official handover, Chief Executive Officer of LEA Dr Racious Moatshe, Kgosi Charles Hendricks of Bokspits, Kgosi Isaac Titus of Struizendam, MP for Kgalagadi South Sam Brooks, District Commissioner Kgalagadi District Bigboy Mangwa, Council Secretary-Kgalagadi District Council Mpho Mathe, and Vice Chairperson of BORAVAST Trust Board Gideon Martin. 

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  • TDR 1000 returns February 3, 2023
    The Dakar Rally, considered as one of the toughest in many years, is now something of the past and South African Rally-Raid competitors proved their talent while local race vehicle manufacturers and constructors showed their worth and returned from […]
  • Orange splashes P15.4m on FA CupFebruary 3, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Orange Botswana through the Orange FA Cup has renewed its sponsorship with Botswana Football Association (BFA) for an additional three seasons valued at P5 138 000 00, an investment increase of 17%. The renewed collaboration will […]
  • Sefalana posts P4.9 billion revenueFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw Diversified retail giant Sefalana has posted impressive set of results for the half year period ended 30 October, with the company recording P4.5 billion in total revenue. Botswana Stock Exchange (BSE) listed home grown retailer released […]
  • BSB lists P1 billion bondFebruary 2, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Botswana Savings Bank (BSB) has listed a bond worth P1 billion with the Botswana Stock Exchange (BSE). The bond note programme will give BSB access to capital and provide alternative funding, reducing dependency on short- term […]
  • Botswana, OPEC seal P1.2 billion loan dealFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw The Minister of Finance Peggy Serame is highly confident that the P1.2 billion loan that Botswana has secured from the Organisation of Petroleum Exporting Countries Fund for the International Development Fund (OPEC) will boost the country’s […]
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