Barclays Bank of Botswana uplifts the youth � make a difference
Monday, October 24, 2016
This year the Barclays Africa theme for Make a Difference is “Access to Employment.” According to the 2015 figures from Statistics Botswana, current estimates for unemployment among those 18 and above are at 20%. Barclays Bank aims to equip the youth with the necessary skill base to advance their knowledge and ultimately secure a job or start a sustainable business.
Barclays Bank of Botswana Managing Director, Reinette van der Merwe stated that, “The aim of this year’s Make A Difference campaign is to transfer our skills to the next generation with emphasis on employability, enterprise and financial skills.”
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...