Lobatse milk plant gets P100m BDC injection
Tuesday, October 31, 2017
Kedikilwe (left) at the ground breaking of the milk plant project PIC: TUMELO MOUWANE
Works will finally start in setting up the plant following a groundbreaking ceremony held last week, at which BDC was unveiled as a partner for the project.
BDC’s managing director, Bashi Gaetsaloe said funding Milk Afric project has not been a difficult decision since the project met all the requirements to qualify for funding. “It was not a head scratcher to fund Milk Afric project, it is one project that we did not think twice about in terms of funding.
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...