African Alliance Gives Investors Access To Global Markets
Monday, November 09, 2015
The company’s Chief Executive Officer, Don Gaetsaloe revealed the latest developments recently at the chairman’s dinner.
According to Gaetsaloe, the fund was approved for inward marketing by Non–Bank Financial Services Regulatory Authority of Botswana (NBIFIRA) and is currently 10% above its benchmark.
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...