BITC woos Turkish investors
Wednesday, October 07, 2015
Peggy Serame PS of ministry of trade Pic Kabo Mpaetona
The delegation, which is led by the Turkish ambassador to Botswana, Ibrahim Yagli as well as the Turkish Minister of Economy, Nihat Zeybekci include investors from various sectors such as manufacturing, services, agriculture, mobile hospital, energy, water, extractive industries as well as Turkish Exporters Assembly.
Speaking at a seminar held in Gaborone yesterday, permanent secretary in the Ministry of Trade and Industry (MTI), Peggy Serame said as a developing country attracting foreign direct investment is critical in closing the infrastructure gap.
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...