Botswana named best African investment destination
Friday, April 21, 2017
Gaborone CBD PIC. THALEFANG CHARLES
The index noted that this was possible as Botswana ranked highly in factors that include current account, improved credit rating, import cover as well as ease of doing business.
Out of the 54 African countries that participated in the survey, Botswana took the first position followed by Morrocco in second spot, with Egypt third while the neighbouring South Africa took fourth spot followed by Zambia. Other countries that made it in the top ten include Cote d’Ivoire, Algeria, Tanzania, Namibia and Burkina Faso respectively.
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...