ASEA Conference: African capital markets converge in Gabs
Tuesday, November 26, 2024 | 160 Views |
Kopano Bolokwe
Starting on Wednesday, the high-profile event will bring together the continent’s leading financial minds to strategise, collaborate, and discuss the dynamic evolution of African capital markets.
Recognised as the premier forum for African capital markets, the ASEA Conference has consistently championed cooperation and innovation. This year’s theme 'Fostering Transformation in Capital Markets through Innovation' reflects the shifting paradigms in financial markets and underscores the critical role of innovation in their development.
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...