BOCCIM officially changes to Business Botswana
Wednesday, July 29, 2015
Mosienyane
A statement from BOCCIM yesterday stated that the change of name is necessitated by the need to modernise the current brand so that it speaks to today’s business clientele.
“Although the name, Botswana Confederation of Commerce, Industry and Manpower, spoke to our mandate and who we represent, it was too long. The acronym, BOCCIM, though it was popular and widely respected by local business, it did not exactly say who we are to a new investor,” read the statement.
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...