Afena to boost business reportage
Monday, February 02, 2015
This week, the company, which provides local and international asset management services to institutional investors, hosted the Afena Business Press Club seminar in which they invited an analyst from Botswana Institute of Development Policy Analysis (BIDPA).
Afena Capital chief operations officer Sharifa Noor said the business press club is a vehicle to bridge the gap between the world of media reporting and business; and to give the public better insight.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...