Local manufacturers lament snub by retailers
Friday, August 11, 2023 | 100 Views |
Brainstorming: The Summit delved into challenges and solutions for the manufacturing sector PIC: LOCAL MANUFACTURING SUMMIT FACEBOOK
The complaint was raised by several entrepreneurs at last week’s Local Manufacturing Summit held in Gaborone. The Summit provided a platform for entrepreneurs to air their grievances and to communicate their market handicaps to an array of institutional investors and public legislators.
This follows a series of high level conversations as the entrepreneurship space seeks to align itself with the recently announced Mindset Change campaign announced by President Mokgweetsi Masisi.
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...