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Debswana targets P4bn citizen spend in 2022

Thursday, June 30, 2022 | 1300 Views |

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.

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A step in the right direction

That is indeed a welcome development, especially looking at the fact that the manual way of doing things is slowly disappearing and competency in the use of computers and other digital gadgets has become a must.The simple way of looking at it is just an example that almost all companies have gone completely digital and school leavers will be better placed after leaving school, because they will already be familiar with the use of computers.The...

The Monitor Editor | 15 August 2022

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