Commercial banks urged to improve services
Tuesday, April 01, 2014
Barclays airport junction branch was officially opened last week
Speaking at the official opening of the Barclays airport junction branch, Matambo said with increased diamond trading activities, Gaborone is gradually turning into a destination for international diamond dealers. “As new downstream industries open, the role of the banking sector is more critical than ever to support development of Botswana’s diamond industry,” he said.
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...