BIF Grants 5 Companies P2M
Monday, October 21, 2019
Awards Winners. PIC: PHATSIMO KAPENG
Botswana Innovation Fund (BIF) is a Ministry of Tertiary Education, Research, Science and Technology initiative intended to promote innovation through provision of early stage funding to innovative projects.
Beneficiaries of this year’s call include ELGenuin Engineering Technology, Bayon Holdings, Mmoloki Makoba, and Casper Nyamukondiwa from Botswana International University of Science and Technology and Mmilili Mapolole from Botswana Institute for Technology Research and Innovation.
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...