Botswana Oil, PetroSA ink cooperation deal
Wednesday, December 18, 2013
The deal is the first of a number of agreements that the parastatal expects to strike with its regional counterparts to increase fuel supplies into Botswana through alternative sources and routes.
According to Botswana Oil, the cooperation with its South Africa peer will enable the two to also jointly explore upstream and downstream hydrocarbon opportunities apart from ensuring security of petroleum supplies for their respective countries.
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...