Barclays boosts Public-Private Partnerships

Moleofe and Moruakgomo
Moleofe and Moruakgomo

Barclays Bank Botswana has partnered with Botswana Association of Local Authorities (BALA) to improve local governments’ operating environment. The bank has organised a three-day Investment Pitso to be held next week in Francistown, a platform it will use to identify local governments’ operational bottlenecks, liquidity constraints and help foster mutually beneficial cooperation between the public and private sectors.

About 250 delegates, who include councillors and economic planners, are expected to attend the workshop. According to the bank’s Head of Public Sector Corporate Banking, Phemelo Moleofe, Barclays Bank would present possible opportunities and solutions, and invite experts from South Africa to share their knowledge with delegates. “We have engaged our group expertise from South Africa to deliberate on various critical topical issues that will expose the local government to a new thought process,” she said. She added that local governments would be given free advisory services and funding.

Moleofe also said they also wanted to develop a one stop shop for liquidity management, transactional and infrastructural development funding. She noted that they have conducted comparative analysis of the South African market and Botswana jurisdictional legal landscape and identified some bottlenecks, which would improve soon. Moleofe further said they wanted to trigger interest from investors, in order to enhance liquidity in local government. “We also intend to provide an enabling ground for efficient service in Local government space as well as empower local government to provide solution driven and customer centric service,” she said.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

Have a Story? Send Us a tip
arrow up