How the P0.93 billion fund might be spent

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Table of Contents

• P0.93 Billion for Innovation & Youth

• Young Entrepreneurs “ More Funding & Market Access

• Young Professionals “ More Job & Upskilling Opport …

• Students “ Better Education & Career Support

• And finally “ Why This Matters

• What’s Next?

P0.93 Billion for Innovation & Youth

In the 2024 Budget Speech, the government allocated P0.93 billion toward innovation, youth development, and entrepreneurship. This investment is a game-changer for Botswana’s young population, providing new opportunities in business funding, skills development, and digital transformation.

Let’s break down how this money will impact entrepreneurs, professionals, and students.

Young Entrepreneurs “ More Funding & Market Access

For those running or starting a business, this budget could expand access to capital, mentorship, and market opportunities. Key benefits include:

More business funding “ Increased grants and loans through institutions like CEDA, LEA, and NDB. If you’re in sectors like agriculture, technology, fashion, or media, this is your chance to scale.

Innovation hubs & incubators “ The government may fund more startup accelerators and co-working spaces, helping you turn ideas into profitable businesses.

Access to government tenders “ More projects could be reserved for youth-owned businesses, meaning better contracts for video production, software development, marketing, and manufacturing companies.

Young Professionals “ More Job & Upskilling Opportunities

If you’re in the workforce or recently graduated, this budget could:

Support digital skills training “ Expect more programs in coding, animation, motion design, and AI to help professionals stay competitive in tech-driven industries.

Expand internships & apprenticeships “ The budget may fund partnerships between government and private companies to create work experience opportunities.

Business & freelancing support “ More workshops and advisory services could be introduced to help young professionals navigate self-employment, freelancing, and business contracts.

Students “ Better Education & Career Support

If you’re a student, the budget could improve access to education, innovation, and career development through:

More scholarships & financial aid “ Government bursaries might expand to include more STEM and creative fields.

Improved school infrastructure “ More investment in smart classrooms, digital learning tools, and university research programs.

Access to tech & innovation spaces “ More students could get hands-on experience with AI, robotics, animation, and fintech solutions through new government-backed initiatives.

And finally “ Why This Matters

For Entrepreneurs “ More funding, market access, and innovation hubs could fuel your business growth.

For Professionals “ Job creation and digital skills training could improve career prospects and freelancing opportunities.

For Students “ Better education, financial aid, and exposure to tech could make it easier to secure jobs or start businesses after graduation.

What’s Next?

With P0.93 billion set aside, now is the time to position yourself for funding, upskilling, or investment. Stay tuned for official programs, application details, and deadlines.

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