BTC Smega’s revenues rise 150%
Monday, September 05, 2022 | 730 Views |
Catching up: Smega has narrowed the lead enjoyed by Orange Money and MyZaka PIC: BTC
Smega was relaunched in May 2019 at which point it had just 240 subscribers, compared to market leaders, Orange Money and Mascom’s MyZaka which by then had 751,974 and 397,459 subscribers respectively.
Botswana Communications Regulatory Authority (BOCRA) statistics indicate that as at March this year, Smega was still trailing the market, but had improved to 144,508 subscribers, compared to 895,824 for Orange Money and 611,550 for MyZaka.
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...