This document provides information about the Youth SME's Banking Conference and Exhibition 2014, including the executive summary, objectives, program of events, partners, and benefits to participating organizations. The conference aims to bring together youth entrepreneurs, financial institutions, and other stakeholders to discuss improving access to financing for youth small and medium enterprises (SMEs) in Botswana and developing sustainable financial solutions. It will feature presentations from various banks and organizations, as well as panels and discussions on challenges faced by youth SMEs and developing solutions.
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Proposal on the Youth SME & Banking Conference hosted in Botswana
This document provides information about the Youth SME's Banking Conference and Exhibition 2014, including the executive summary, objectives, program of events, partners, and benefits to participating organizations. The conference aims to bring together youth entrepreneurs, financial institutions, and other stakeholders to discuss improving access to financing for youth small and medium enterprises (SMEs) in Botswana and developing sustainable financial solutions. It will feature presentations from various banks and organizations, as well as panels and discussions on challenges faced by youth SMEs and developing solutions.
This document provides information about the Youth SME's Banking Conference and Exhibition 2014, including the executive summary, objectives, program of events, partners, and benefits to participating organizations. The conference aims to bring together youth entrepreneurs, financial institutions, and other stakeholders to discuss improving access to financing for youth small and medium enterprises (SMEs) in Botswana and developing sustainable financial solutions. It will feature presentations from various banks and organizations, as well as panels and discussions on challenges faced by youth SMEs and developing solutions.
BANKING CONFERENC & EXHIBITION 2014 Contents Executive Summery 1 About The Conference 2 Objectives 3 Programme Of Events 4 Partners 5-7 Benefts To Participating Organizations 8 Conclusion 9 1 THE Youth SMEs BANKING CONFERENC & EXHIBITION 2014 Executive Summery Youth unemployment has consequences for the development of a country as a whole and Botswana cannot aford to underutilise the asset that young people represent. It is therefore necessary to implement inclusion strategies such as youth entrepreneurship. The 2011 Population and Housing Census indicated that, of the total population of 2 024 904 persons, 43% of the population was aged below 20 years, while 35% was aged between 20 to 40 years. Furthermore an estimated 38% of Botswanas population falls within the 15 35 years age category. This translates to approximately 806 500 young people. Young people today face unprecedented socio economic challenges with unemployment topping the list, having gainful employment and an active participation in the main stream economy is indeed the key ingredient in curbing and eradicating a majority of the said challenges. According to the Global Entrepreneurship Monitor (GEM) of 2012, 76% of young Batswana would like to set up their own business. However young people lack funding opportunities as well sustainable banking options. Banking and cash fow is an important part of doing business, but if the cost of opening the bank account is not afordable to youth or if the balance required to maintain that account is huge, it becomes impossible for youth to have business accounts. Furthermore young people are easily put of by the documentation procedures and information required by many commercial lenders of credit. Particularly funds requiring less or no collaterals but that charge very high interest rates and fees often have more complex documentation procedures. Another problem is the time needed to decide on an application for funding. Thus, improving access to fnance is primordial. To overcome these barriers, a youth-friendly regulatory environment that recognizes the needs of youth, and is both inclusive and protective of youth is essential. Increased access to fnancial services and increased fnancial capability to use those services efectively to invest in their education, enterprises, and futures may provide that beacon. Financial education and entrepreneurship development can also assist youth in taking greatest advantage of the fnancial services available. Government policies and incentives can help stimulate the fnancial sector to design appropriate fnancial products as well as innovative banking solutions. Achieving successful youth fnancial inclusion requires a multi-stakeholder approach, that engages government (including policy makers, regulators, and line ministries), Financial Service Providers (FSPs), Youth Service Organizations (YSOs), other youth stakeholders, as well as youth SMEs themselves. That is why Maflla Promotions & the Botswana National Youth Council have collaborated to provide a forum for all these stakeholders to address these challenges in the form of a half day conference and a mini exhibition dubbed the Youth SMEs Banking Conference & Exhibition 2014. The theme for this years inaugural conference & exhibition is: Shapi ng Yout h SME s Vi a Sust ai nabl e Fi nanci al Sol ut i ons. 2 THE Youth SMEs BANKING CONFERENC & EXHIBITION 2014 About The Conference The inaugural Youth SMEs Banking Conference & Exhibition 2014 will be in the form of a half day conference. It will bring together youth run SMEs, government (including policy makers, regulators, and line ministries), Financial Service Providers (FSPs), fnancial experts, Youth Service Organizations (YSOs) & other youth stakeholders. The theme is Shaping Youth SMEs Via Sustainable Financial Solutions. The conference will see all the banks in Botswana as well as other Financial Service Providers (FSPs) getting a platform to explain their product ofering particularly for Youth Small and medium enterprises (SMEs). The conference also seeks to devise ways to improve access to funding by the youth given that youth fnancing is the major impediment and discouragement to young people starting a business. When the conference concludes at 12pm, participants will then proceed to the conference exhibition hall where will have the diferent partner organizations having booths. This exercise will take an hour before the business of the day concludes. Event date August 7 th 2014 Event Theme Shaping Youth SMEs Via Sustainable Financial Solutions Event type Half day conference & Exhibition Event Venue UB Library auditorium Guest Speaker To Be Confrmed Duration & Time 8am-1pm PAX 150 delegates Entrance Fees Free (Participants will have to registrar prior to the event) Organizers BNYC Event Managers Maflla Promotions Contacts 3939735 71877234 / mafpro@gmail.com 71223309 / tkmosieyane@gmail.com 3 THE Youth SMEs BANKING CONFERENC & EXHIBITION 2014 Objectives 1. To bring youth owned enterprises & Financial Service Providers (FSPs) under one roof to deliberate on improving banking solutions for Small and medium enterprises (SMEs). 2. To explore the diferent SMEs banking solutions provided by the diferent banking/fnancial institutions in Botswana. 3. To get expert analysis on the challenges faced by youth run enterprises with regard to SME banking. 4. To get feedback from the youth on the business banking difculties experienced when dealing with the diferent banks. 5. To come up with practical solutions and interventions to improve SME banking in Botswana. 6. To provide a platform for diferent banking and fnancial institutions to disseminate information on their respective SME banking solutions. 7. To establish the impact banking solutions have on SMEs. 8. To improve access to funding by SMEs. 9. Encourage FSPs to adopt industry standards of client protection and youth-friendly products. 10. Stimulate and support the fnancial sector to design appropriate fnancial products that are consistent with the youth business banking needs. 11. Explore the benefts of why SMEs should join organizations that help SMEs such as LEA & BOCCIM. 12. To ofer TAX education as well as insight on the government tendering process to youth SMEs. Programme Of Events TIME (AM) ACTIVITY SPEAKER ORGANIZATION 0700-0800 Registration 0800-0810 Welcome Speech TBC BNYC 0810-0825 Presentation by LEA LEA 0825-0840 Presentation by Barclays Barclays Bank 0840-0855 Presentation by Stanbic Stanbic Bank 0855-0915 Question & Answer Session 0915-0930 Presentation by FNB FNB 09:30-0950 Presentation by guest TBC 0950-1000 Question & Answer Session 1000-1030 Morning Tea 1030-1045 Presentation by PPADB PPADB 1045-1100 Presentation by NDB NDB 1100-1115 Presentation by BIUST BIUST 1115-1130 Presentation by CEDA CEDA 1130-1150 Question & Answer session 1150-1205 Presentation by Banc ABC Banc ABC 1205-1220 Presentation by Botswana Stock Exchange Botswana Stock Exchange 1220-1230 Question & Answer Session 1230-1235 Closing Remarks Maflla Promotions 1235-1300 Participants go to the diferent stalls of participating institutions 1300 Lunch & Departures 5 THE Youth SMEs BANKING CONFERENC & EXHIBITION 2014 Partners Event Managers Other Sponsors 6 THE Youth SMEs BANKING CONFERENC & EXHIBITION 2014 Benefts To Participating Organizations The Youth SMEs Banking Conference and Exhibition 2014 represents an ideal way for our partner organizations to reach their target audience (Youth SMEs) at a time when they are focused on discovering what is on ofer by the various fnancial institutions to empower their enterprises. Whether you are looking for an opportunity to meet and talk with prospects or just want to establish your frm as a leader, this is an opportunity for you. No other conference & Exhibition in Botswana ofers our partners an intimate and more direct contact with Youth SMEs. Other extended benefts include; Be one of the frst partner organizations to participate at this exciting and ground breaking event. By being part of the event, you will be showing your commitment to the national agenda of youth economic empowerment. You put your organization in front of a select, elite youth audience, to powerfully communicate your companys message regarding SME banking. Free expert analysis from the leading fnancial expert in Botswana on how partner organizations can create Youth friendly SMEs products and services. You are guaranteed of a full house which means full exposure given that the conference is a free entry event to all Youth SMEs. You demonstrate your organizations willingness to come to the table to deliberate and fnd avenues of improving access to fnance by Youth SMEs. To explain in detail the products and services that your organization is ofering that are Taylor-made for Youth SMEs. Get positive feedback on how your organization is welcoming to youth SMEs and how it can improve on its faws. This will also be an opportunity to get the latest trends from the youth and get to know what kind of product ofering you should omit or introduce. Get to exhibit your products and services at the exhibition booths after the conference to increase brand awareness, impact sales and showcase your corporate image. The opportunity to mingle with these young business people and have one on one networking sessions at the exhibition. The event will give you an opportunity to explore avenues of Private Public Partnerships (PPPs) with other partner organizations present. You generate new contacts, and renewed interest for your products & services. Get a platform to garner mileage since members of the media will be present. Get to check out what the competition is ofering. Government bodies/parastatals will get an opportunity to educate and inform about the tax process, tendering process as well as the type of fnancing available for youth SMEs. 7 THE Youth SMEs BANKING CONFERENC & EXHIBITION 2014 Conclusion The Youth SMEs Banking Conference and Exhibition 2014 rThere is an urgent need for us to focus our attention on investing in the growth and development of young people. The labour market today gives todays generation of young people very few employment opportunities given the high demand, entrepreneurship has therefore become a viable alternative for many a young man and woman in Botswana. Financial factors as noted by the 2012 Global Entrepreneurship Monitor report on Botswana continue to be some of the impeding factors to young people doing business in the country. It is indeed a necessity to create and host a platform that will address the various fnancial issues surrounding Youth run SMEs as well as how the banking sector can actively work towards creating youth friendly services and products. The YOUTH SMEs BANKING CONFERENCE & EXHIBITION is such a platform that will work towards creating meaningful dialogue in an efort to bring out meaningful solutions that will work well towards improving youth fnancial services. We implore you to partner with us as we move towards ensuring that our nations young is empowered through fnancial services and products ofered in their country. The Botswana National Youth Council has embarked on a campaign to create 50 000 jobs by the year 2019, the conference comes as an initiative to create a conducive fnancial services and products environment for our nations young. We look forward to working with you in realizing this event and in contributing to the empowerment of young people in Botswana.