Tokafala: Building Strong Businesses in Botswana

As diamond reserves in Botswana dwindle, the country's entrepreneurs are playing an increasingly leading role in creating new jobs and diversifying the economy. An enterprise development program called Tokafala focuses on fostering the growth of small and growing businesses in Botswana by helping them overcome the challenges that many entrepreneurs face in the country. The three-year program, a collaboration between Anglo American and TechnoServe, will support over 230 micro, small and medium enterprises (SMMEs), impacting over 2,000 jobs. Since 2014, Tokafala has provided advisory services and mentorship to more than 215 SMMEs, helping entrepreneurs develop the business, financial management and marketing skills they need to build successful and sustainable businesses. The project has successfully established a business hub, and has developed strong partnerships with leading organizations, such as the Chamber of Mines’ Business Development Forum, as well as Debswana’s supply chain and a number of commercial banks to provide advisory services to local SMMEs.