Khumo Property targets Palapye for P100m office park
Friday, January 25, 2019
Bale
The urban village has become one of the country’s fastest growing commercial districts, with four retail malls as well as other associated developments, springing up in the last few years.
This week, Khumo CEO, Outule Bale said the development would feature three individual office blocks set in landscaped surroundings with spaces ranging from 350 square meters to 3,300sqm per block.
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...