KBL's Kick-start Bounces Back
Monday, May 20, 2019
Brenno Diaz KBL Managing Director. PIC. PHATSIMO KAPENG
A total of 15 upcoming and existing entrepreneurs aged between 18 and 35 would get an opportunity to get a grant of up to P200, 000 each, including business coaching and monitoring.
The programme was re-launched last week with KBL managing director, Brenno Diaz stating that Kick-start was a culmination of a realisation that government alone cannot provide ‘limitless’ opportunities for the youth.
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...