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Debswana MD warns against fronting in P20bn initiative

On the lookout: Motsomi says fronting will unravel the CEEP's objectives
On the lookout: Motsomi says fronting will unravel the CEEP's objectives

FRANCISTOWN: Debswana's managing director, Andrew Motsomi has cautioned potential beneficiaries of the group’s P20 billion citizen procurement programme to refrain from fronting, to ensure that the programme meets its objectives.

Known as the Citizen Economic Empowerment Programme (CEEP), the procurement programme launched in 2019 and expects to see a cumulative P20 billion in citizen spend value by 2024, with the creation of 20,000 citizen jobs in the process.

The targets are the most ambitious transfer of citizen value creation in the history of the country’s minerals sector, an industry where procurement registries are dominated by large, well-established multinational entities and other foreign titans.

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