Botswana leads SADC mobile money boom
Friday, September 06, 2024 | 1080 Views |
Growing uptake: More Batswana are using mobile money services PIC: MORERI SEJAKGOMO
Arkwright is a global leading strategy and management firm.
The bullish local mobile money market, as of March 2024, had a total of 1.1 million subscribers, placing the country ahead of its regional counterparts and signifying the strong penetration of local mobile money in Botswana.
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...