Letshego secures £15m senior loan
Tuesday, November 26, 2024 | 1520 Views |
Letshego-Proparco Partnership signing 65
Proparco is a development finance institution owned by the French Development Agency and private shareholders from across the globe.
The £15 million deal is expected to support Letshego's quest to improve more lives with inclusive finance products across Botswana.
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...