FIC CEO to begin work next year
Thursday, October 22, 2015
Muzila
FIC was initially called Moiplek Investment, but changed its name to FIC last month because the latter was found to be an appealing name.
The CEO’s main responsibility will be to implement Francistown’s vision 2022. The vision seeks to transform the city and greater Francistown region into an economic hub by the year 2022. Yesterday, the Francistown City Council (FCC) spokesperson, Joseph Wasubera whose organisation oversees FIC and the vision, said his organisation was in the process of hiring a CEO.
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...