Meet the 2020 Project124 Entrepreneurs
Project124 uses the power of entrepreneurship to ignite passion and creativity in the young entrepreneurs who are determined to make a difference in their communities. In 2020, Project124 has enrolled an amazing group of inspiring young entrepreneurs with life changing stories and game changing businesses. Here are the passionate and hardworking Projec124 entrepreneurs from around Project124’s SADC countries with inspiring stories, business ideas and bright future.
Apply for The Coca Cola Tracking Revolution Challenge
Coca-Cola Africa (Proprietary) Limited has partnered with Disrupt Africa to launch a startup challenge aimed at identifying tech-based solutions measuring the performance of its products in markets largely dominated by informal trade.
The Tracking Revolution Challenge is open to startups from across the continent, offering the chance to pitch in front of Coca-Cola executives for the opportunity of securing a pilot project with the company.
The majority of non-alcoholic ready to drink beverages in these markets are sold through informal retailers, making it challenging for many manufacturers, including Coca-Cola Africa (Proprietary) Limited, in obtaining insights into performance using actual real time data.
While Modern Trade such as hypermarkets and supermarkets are relatively simple to track as information is collected via the scanning methodology at tills, the majority of Coca-Cola Africa (Proprietary) Limited’s products move through informal trade channels, where coverage is not particularly robust.
Coca-Cola Africa (Proprietary) Limited has therefore prioritised the testing of new end-to-end solutions that provide deeper insights into the performance of its brands and competitors, and the Tracking Revolution Challenge is seeking innovative, faster, cheaper and more accurate methods to track retail dynamics.
The company’s tracking methods are currently captured at the channel phase of the product journey. However, its beverages are also heavily consumed away from home. Thus, the most holistic way of tracking would be to also capture the next part of the product journey – from the consumer and ideally as soon as possible from the purchasing moment as this would eliminate “claimed” volumes to actual volumes.
Key metrics Coca-Cola Africa (Proprietary) Limited is looking to track include price, volume sales, value sales, distribution, pack type, geography and channel type. Executional metrics would also be of interest. The challenge is primarily focused on the Kenyan market, however scalability into the rest of the African market would also be beneficial.
Winning startups, which will be given the opportunity to work with Coca-Cola Africa (Proprietary) Limited on trialing their end-to-end solutions, will be the ones that best tracks sell-out sales of total basket of goods and key metrics in these Informal and/or On Premise channels, track away from home consumption of beverages in real time, or both.
Applications are open here until July 21st. Selected startups will be invited to pitch their solutions to Coca-Cola Africa (Proprietary) Limited executives shortly thereafter.
New Law On Businesses Reserved 100% For Batswana Citizens Only
Effective from June 1st 2020, New Law On Businesses Reserved 100% For Batswana Citizens Only.
Botswana: A launching pad for unicorns | Martin De Moatshe
The economic growth of Botswana cannot be told without over emphasising sheer determination, brilliance and faithfulness to building the country from the grounds-up exuded by our forefathers. It has been mesmerising to learn about our economic boom from a mere $1 billion GDP in 1980 to an impressive $18.690 billion GDP in 2019; and a purchasing power parity of $43.907 billion. Many stories can be told of unicorns whose origin can be traced to Botswana. Botswana – The Launching Pad for Unicorns.
Project124 2020 Registration Now Open
Entrepreneurship is the sure plan any country can trust to tackle many of social ills in our communities. It doesn’t only take great ideas to bring the change, it also take great entrepreneur to build sustainable businesses that will bring the impact.
It takes Better Entrepreneurs to Better Communities, and Project124 is here to build those better entrepreneurs. Project124 is calling all ambitious and driven youth entrepreneurs with exceptional business ideas. Here is your chance to build yourself and your business with the guidance of skilled and seasoned entrepreneurs & professionals.
Covid 19 and Entrepreneurship in Botswana | Victor Baatweng
Since the beginning of the year, the spread of COVID-19 globally has created an important new source of concern for the world economy.
For Botswana, while we wait for a full picture on the damage done, the official numbers released so far paint a gloomy picture. In general the domestic economy is expected to shrink by minus 13 percent. This is due to a sharp decline in major sectors like Mining (-33.6%), Trade, Hotels & Restaurants (-32.2%), Manufacturing (-10.0%), Social & Personal Services (-4.8), and Transport & Communications (-4.1%).
Launchit International visits Eswatini
According to the statistics, 79% of the 1.3 million citizens of Eswatini are below the age of 35 years old. The youth makes the larger share of the 28% of people who are unable to find jobs. This presents both an opportunity and a challenge for the government and the entrepreneurship community of Eswatini. Addressing the youth of Eswatini, the CEO of Launchit International Mr. Goitsemang J. Khutsafalo shared insights and motivation with the entrepreneurs, challenging them to rise to the occasion to solve the high youth unemployment rate of Eswatini.
Meet the Gujaratis: THE PROSPEROUS INDIAN TRIBE | Martin De Klerk Moatshe
In my usual pursuit of tracking down historical business insights to predict the future, I bumped into the Hotel-Motel-Patel phenomenon. This led to the discovery of the Gujarat tribe. A highly enterprising, savvy people from India with a drive to find unheralded success.
Hello! Can you hear me now? | Pako Moshaga
Working from home has put an abrupt end to face to face meetings. Zoom & Skype calls are the order of the day. These calls are virtual meetings and so there is a level of etiquette that applies. Lack of adherence to some basics may result in you being deemed unprofessional and this will do some harm to your personal brand. Let’s look at some key points to note as advised by Pako Moshaga.
Entrepreneur Malaki Explores Opportunities in Tourism
“Project124 gave us the opportunity to learn how to craft our value proposition, and to validate our market as well as gaining experience on how to pitch to different investors. The network provided by Project124, was a stepping ladder to our sudden success and resilience over the years of our company’s formation.” – Malaki Monyamane (Founder & CEO – The Gabs Experience Travel & Tours)