Chobe enterpreneurs urged to think outside agriculture
Friday, March 29, 2019
Shamukuni in Kazungula PIC: GOITSEMODIMO AKANYANG
Shamukuni was giving a keynote address during the Citizen Entrepreneurial Development Agency (CEDA), engagement day recently. The event was intended to review and boost the relationship between CEDA and entrepreneurs in the Chobe district.
According to CEDA, out of P415 million business loans issued by the parastatal in the Chobe region, P271 million was invested in the agricultural sector. CEDA statistics show that P21.2 million was in the tourism sector and the rest of the funds were divided into property, manufacturing and others.
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...