Wednesday, May 14, 2025
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Region 5 Empowers Optometrists for Inclusive Sport

    Region 5 Empowers Optometrists for Inclusive Sport

    Summer Kids Marathon Targets 1,500 Participants

    Absa promises “bigger and better” Kids Marathon

    Young Motswana Golfer Shines in Zimbabwe Tournament

    Young Motswana Golfer Shines in Zimbabwe Tournament

    Young Bowlers Make Historic International Debut in South Africa

    Young Bowlers Make Historic International Debut in South Africa

    UDC govt prioritises school sports, athlete welfare – Kelebeng

    Botswana to overhaul sports laws, strengthens anti-doping measures

    BFA Seeks Financial Backing For Continental Showdowns

    BFA Seeks Financial Backing For Continental Showdowns

  • Subscribe
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Region 5 Empowers Optometrists for Inclusive Sport

    Region 5 Empowers Optometrists for Inclusive Sport

    Summer Kids Marathon Targets 1,500 Participants

    Absa promises “bigger and better” Kids Marathon

    Young Motswana Golfer Shines in Zimbabwe Tournament

    Young Motswana Golfer Shines in Zimbabwe Tournament

    Young Bowlers Make Historic International Debut in South Africa

    Young Bowlers Make Historic International Debut in South Africa

    UDC govt prioritises school sports, athlete welfare – Kelebeng

    Botswana to overhaul sports laws, strengthens anti-doping measures

    BFA Seeks Financial Backing For Continental Showdowns

    BFA Seeks Financial Backing For Continental Showdowns

  • Subscribe
No Result
View All Result
The Business Weekly & Review
No Result
View All Result
Home News

Street vending, a major source of livelihood for struggling F/town residents

Shingirai Madondo by Shingirai Madondo
February 16, 2024
in News
Reading Time: 2 mins read
0
Import substitution policies fuel food inflation

GABORONE 7 June 2021, Vendor displaying agricultural products by road side bringing from the nearby farms in the out skirt of Gaborone, Botswana on World Food Safety Day on 7 June 2021. World Food Safety Day (WSFD) is observed annually on 7 June to help prevent, detect and manage foodborne risks. (Pic:Monirul Bhuiyan/PRESS PHOTO)

Share on FacebookShare on Twitter

Rising unemployment rates in Francistown have led to economic challenges, prompting both older and younger adults to take to the streets in search of livelihoods.

Officials in the city attribute the surge in street vending to residents’ attempts to sustain themselves financially, given the city’s staggering unemployment rate of 45.3 percent.

Francistown has been facing a myriad of economic misfortunes for the past decade and a half due to a number of business closures thereby forcing many people into streets to practice vending.

“Lack of economic diversification for Francistown has resulted in high unemployment levels,” said Boyce Mangole, the assistant Francistown District Commissioner (DC) when presenting the Urban Development Plan (UDP) 5 for Francistown recently.

While others have chosen to venture into the informal sector, unemployment has pushed many others to depend on government schemes such as destitution programmes for survival.

According to Mangole, the economy of Francistown has been heavily reliant on the mining, tourism, textile industry, beef industry, wholesaling and fly-by-night industries.

“The closure of mines, Botswana Meat Commission (BMC) and some textile industries has narrowed the economic base of the city hence the street vending turning into a major source of livelihood for many struggling residents,” he said.

Street vending in this pathetic economic environment is a relief to the suffocating economy as it creates jobs, not only for older adults around the city but also for the youths, most of them are drowning in drug abuse as a stress reliever.

It (street vending) also provides alternative sources of income, particularly for women and provides low-cost products mainly to low-income groups in the city who are trying to make ends meet in an economy where jobs are not available.

However, the proliferation of the informal sector businesses is slowly becoming an eyesore in Francistown, according to the Francistown City Council (FCC) mayor, Godisang Radisigo.

“This engine of growth remains one of the major challenges that need to be addressed because the city is unaesthetically appealing because of its proliferation,” said the city father.

Radisigo said residents are now turning every available space into a vending store – a development that is making it difficult for passersby to negotiate their way on the pavements of the central business district of Francistown.

“However, their contribution to the local gross domestic product remains unaccounted for even though it has a significant impact on the city’s economic growth,” lamented Radisigo.

Tags: Botswana Meat Commission (BMC)Boyce MangoleFrancistown City Council (FCC)Godisang Radisigo

Navigation

  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

Recent News

  • First Capital Bank Hosts ‘Wealth Insights’ Webinar Series Focused on Wealth Management
  • May 9th Edition
  • Gambling is big business in Botswana
  • Overshadowed by SACU
  • An Unskilled and Unproductive Workforce Threaten Diamond Beneficiation

Site

  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition

© 2021 The Business Weekly & Review. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

© 2021 The Business Weekly & Review. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?