Business Botswana, the advocacy group for private business will soon be looking for a new boss after the current CEO, Dr Racious Moatshe ditched them for Local Enterprise Authority for the same post, BG Business understands.
He has been at the organisation for hardly a year. Chairman for LEA board of directors, Batlhatswi Tsayang has confirmed the latest appointment for the agency which is tasked with promoting entrepreneurship and driving SMME development in the country. His appointment comes after the departure of Dr Tebogo Matome who has been with the organisation for more than ten years. Moatshe has been given an initial contract of 5 years and will report for duty at the Fairgrounds-based organisation next month (October 2017). LEA has two deputy CEO, Cosmos Moapare and Masego Gwaila-Madanika. BG Business understands that some of the organisation’s executive management team members applied, but Moatshe stood above the rest. “We believe he is the best person to take LEA forward,” said a confident Tsayang on Wednesday afternoon.
The appointment of Moatshe is being made two months after Permanent Secretary in the trade, investment and industry ministry, Peggy Serame announced that government is considering merging some of the ministry’s parastatals, which LEA is part of. LEA, which was established after the passing of Small Business Act of 2004 is likely to close and merge with one of the parastatals, said a source within the trade ministry. Moatshe is leaving Business Botswana ahead of its Annual General Meeting in the coming weeks. He could not be reached for comment this Wednesday.