BOD appoints Director
Friday, September 05, 2014
McFarland, 53, has extensive experience in resources in Russia and for 15 years, worked as a senior finance executive for Glencore, BP and Russian conglomerates. A qualified chartered accountant, McFarland is a graduate of institutions such as Trinity College Dublin and University College Dublin. John Teeling, the chairman of Botswana Diamonds, said, “Anne will bring added dimensions to our board. A fluent Russian speaker with many years on the ground resources experience in Russia she will be actively involved with our fast growing joint venture with ALROSA”.
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...