Bank Gaborone Pledges P200m For CEEP
Monday, June 14, 2021
Khalala Mokefane PIC: LESEDI MKHUTSWA
Debswana CEEP is a programme that aims to capacitate citizen companies to participate in the Debswana supply chain. Mokefane revealed this recently when he addressed attendants at the launch of Bank Gaborone and Debswana’s partnership for the Diamond companies CEEP programme held at Cresta Thapama Hotel.
When addressing attendants during the CEEP programme launch, Mokefane said that their bank has pledged P200 million, which will be used for this financial year and will continue to provide funds as long as opportunities arise.
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...