Entrepreneurs turn to crowdfunding
Friday, March 31, 2017
Wilson
The method, which is not yet common in Botswana, is whereby an entrepreneur comes up with a business idea and calls on the public to invest by buying shares in the business as a way of raising funds.
Wilson of Ezymox Holdings explained in an interview that during difficult times when the economy is not doing well, entrepreneurs could turn to equity crowdfunding as an option as funding from financial institutions is limited.
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...