Masisi wants fairer debt deals
Friday, December 16, 2022 | 330 Views |
Speaking out: Masisi addressing a session of the US Africa Leaders Summit on Tuesday PIC: MBONGENI MGUNI
Masisi, some Cabinet ministers, and senior government officials were in the American capital for the US Africa Leaders Summit called by President Joe Biden involving more than 40 other African heads of state.
Masisi gave a lecture at the Brookings Institution, a non-profit public policy research organisation.
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...