Tokafala builds on Anglo American’s extensive experience and successes in enterprise development, tailored to the specific Botswana context. It aims to promote economic development and employment creation in Botswana by catalyzing the growth of micro, small and medium companies (SMMEs). It is aligned with the Ministry of Trade and Industry’s EDD strategy of economic diversification in Botswana and the poverty eradication plans in the office of the president. Tokafala is an enterprise development program that aims to strengthen the ecosystem in which local SMMEs operate, so that these business can grow and become employers.
Provide longer-term individualized support (advisory, mentoring,funding) addressing SMEs' key challenges, allowing them to grow.
Focus on those businesses that have market potential to grow and become employers
Ensure selection of highly motivated and competent SMEs' that show continuous commitment to receive ongoing support.
Given the significant procurement power of the mining sector in Botswana, Tokafala seeks to leverage this as a driver for SME development and diversification, through its strategic link with Debswana and DeBeers.
Build upon existing government programmes, complement the current offering of select initiatives, link enterprises to existing government enterprise development programmes and ensure better alignment.
Tokafala serves as a complete course on how to effectively run a business; all entrepreneurs could benefit from it.
Tokafala is very different from other programmes; the mentoring is holistic covering finance to marketing, and showing new ways to approach business.
TechnoServe is a nonprofit organization that develops business solutions to poverty by linking people to information, capital and markets. The work is rooted in the idea that hardworking people can generate income, jobs and wealth for their families and communities. With more than four decades of proven results, TechnoServe believes in the power of private enterprise to transform lives.