F/town mayor urges businesses to lead economic recovery
Monday, August 29, 2022 | 90 Views |
Francistown city Mayor Godisang Radisigo
Francistown's economy has been on a downward spiral for over a decade. The city’s economic challenges have largely been attributed to the closure of Tati Nickel Mining Company in October 2016. COVID-19 has also worsened the situation.
Officiating at the Francistown Business Expo late last week, Radisigo emphasised that there is a need for business owners and professionals in Francistown to work together in a bid to turn around the economy of the city.
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...