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Debswana targets P4bn citizen spend in 2022

Shifting value: Debswana is engaging more citizen enterprises for consumables and services such as drilling and tyre services management PIC: MORERI SEJAKGOMO
Shifting value: Debswana is engaging more citizen enterprises for consumables and services such as drilling and tyre services management PIC: MORERI SEJAKGOMO

Diamond giant, Debswana, says it expects to have shifted P4 billion or 40% of its annual spend to citizen-owned businesses by year-end, as part of a five-year initiative aimed at growing local enterprises in the country.

Debswana’s Citizen Economic Empowerment Programme (CEEP) aims to spend P20 billion on citizen enterprises by 2024, with a cumulative P7.8 billion having already been procured between 2019 when the programme began, and 2021.

The initiative represents the largest citizen economic empowerment spend by a private company in Botswana’s history, rivalled only by the government’s Economic Diversification Drive which annually directs more than P10 billion in procurement by the state to local enterprises.

Editor's Comment
Khama, Masisi should rise above personal differences

Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...

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