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
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

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