01/06/2026
Financial Statements Masterclass Equips SMMEs for Sustainable Growth.
Inspired Minds, in collaboration with the Local Enterprise Authority (LEA), successfully hosted the Financial Statements Masterclass at Grand Aria, with sponsorship support from the Botswana Institute of Chartered Accountants (BICA). The training brought together SMMEs and other participants seeking to strengthen their financial management capabilities and gain a deeper understanding of the role financial statements play in business success.
The Masterclass focused on key areas including data-driven decision-making, funding readiness assessment, informed pricing decisions, clarity on profit drivers, and improved cash flow management, critical competencies for building sustainable and competitive businesses.
In his welcome remarks, Mr. Monei of Inspired Minds Institute encouraged participants to make the most of the learning opportunity and expressed his hope that programmes of this nature would contribute to improving financial competence and ultimately help shape Botswana’s financial landscape.
Delivering remarks on behalf of LEA, Mr. Onkabetse Moatlhodi, Chief Digital Officer, urged SMMEs to maintain proper business records to avoid being perceived as fly-by-night enterprises. He emphasized Botswana’s commitment to capacitating SMMEs for export readiness and employment creation. Mr. Moatlhodi also clarified LEA’s role, noting that while the Authority may not provide direct funding, it offers critical business development services that help enterprises grow and become sustainable. He likened LEA to a sports stadium that develops athletes into world champions, explaining that LEA nurtures businesses from grassroots level and supports them throughout their growth journey.
Representatives from Botswana Institute of Chartered Accountants (BICA) provided valuable insights into the role of the accounting profession and the importance of engaging BICA-registered accountants. They highlighted benefits such as enhanced credibility, regulatory compliance, improved financial management, reduced business risk, better access to funding, and stronger business growth prospects. Participants were encouraged to work with qualified accountants to support sound financial management and informed business decisions.
The technical sessions included presentations by Mr. Justice Majaha from LEA, who facilitated discussions on Profit and Loss statements and other essential financial management concepts. Participants also took part in interactive group discussions, presentations, question-and-answer sessions, and practical exercises designed to reinforce learning and encourage peer-to-peer knowledge sharing.
To recognize excellence and commitment throughout the programme, outstanding participants were acknowledged and presented with gifts.
The successful Masterclass reaffirmed the importance of financial literacy and record-keeping in building resilient, investment-ready, and sustainable enterprises capable of contributing meaningfully to Botswana’s economic growth.
https://www.facebook.com/share/18ZcqPDZwr/?mibextid=wwXIfr
