“In order to participate in the Summit you should be 29 years old and below by March 2020, pay registration fee of $2345 (roughly P21000) and have been in operation for two years and not start ups,” Assistant Minister of Investment, Trade and Industry Karabo Gare told Parliament yesterday.
Gare was responding to a question from Kgalagadi South Legislator Talitha Monnakgotla who wanted to know the readiness of the country to host Forbes Under 30 event.
Giving an update, Gare said his Ministry together with the Office of the President are coordinating preparations for the Forbes Under 30 Summit in consultation with the Private Sector.
“A number of teams made of representatives from both the Public and Private Sector have been constituted and are working tirelessly to ensure Botswana delivers a successful summit,” said Gare.
According to Gare, part of the preparation involves cleaning both Gaborone and Kasane as well as upgrading Internet connectivity.
The Assistant Minister also highlighted that Botswana is required to raise USD 1 million and that the process to raise these funds is at advanced stages and the funds will be used to finance the Summit.
It is expected that this event foster entrepreneurship in the country and expose the youth of Botswana to international business people and provide the opportunity to network with their peers.
As a way of helping the 200 Batswana youth entrepreneurs, Gare told Parliament that Government with the Private sector will finance them. Gare further said the social and cultural aspect of the Summit will accord local artists, chefs and entrepreneurs an opportunity to showcase their talents, also allowing participants a Botswana cultural experience.