Home » News » News » Gov’t spent P150 million on youth Agri-businesses

Gov’t spent P150 million on youth Agri-businesses

Publishing Date : 13 February, 2020

Author : KENNETH MOSEKIEMANG

For the past three years the Ministry of Youth Employment, Sports and Culture Development has spent almost P150 million financing Agri-businesses through the Youth Development Fund (YDF) across the 12 districts in the country.

 

Minister of Youth Employment, Sports and Culture Development, Tumiso Rakgare told Parliament that his Ministry has funded 624 agricultural business during the 2016/17 financial year, while in 2017/2018 they funded 473 whereas in 2018/19 they assisted 413 projects.

 

Rakgare told the parliament Wednesday last week that during the financial year 2016/17, the government spent a total of 62 554,262.86 Pula, with Central District being the biggest beneficiary with two hundred and sixty-eight (268) number of businesses with more than P26 million spent on funding the youth, this was then followed by the Kgalagadi region, benefiting more than 8 million Pula, while Gaborone region and Chobe District did not fund any youth project.

 

The Mogoditshane lawmaker further pointed out that during the 2017/2018 financial year, 473 Agri-businesses were funded P46 861,351.52.

 

The Central District was again the biggest beneficiary, as P15 588, 525.65 was used to finance the startup of 160 projects in the region. Kweneng region was the second beneficiary with P7 837, 181.76, while Gaborone and Francistown did not provide assistance to any YDF Agricultural projects.

 

As for the 2018/2019 financial period, the government financed 413 YDF projects at a tune of P39 527, 872.00, while Central District and Kweneng District both benefitted P12 328, 311.54 and P10 528, 179.90 respectively.

 

Rakgare also told Parliament that there are a number of value chains that exists both within and outside the sector.

 

“These include but are not limited to production of livestock and subsequent sales to butchery owners who then bring meat into the market,” he shared.

 

“There are also transportation opportunities that exist as well as livestock feed and other animal products.” 

 

Rakgare was responding to a question from MP for Jwaneng/Mabutsane, Mephato Reatile, who had wanted to know the number of youth agri-businesses funded by government for the past three years.

 

Cartoon

Polls

Do you think the courts will help put the UDC, BMD impasse within reasonable time ahead of the 2019 General Election?

banner_14.jpg
banner_12.jpg

POPULER BRANDS