Masisi asks private sector to help fight inflation
Monday, October 17, 2022 | 2240 Views |
Reaching out: President Masisi speaking at the 16th edition of the NBC in Francistown
The event brings together government and business leaders to come up with economic and business reforms to improve Botswana’s competitiveness globally.
The conference started today and will end on Wednesday. This year’s NBC is themed ‘Road Map to High Income – Accelerating Transformation’.
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...