Private sector, university partnerships can spur growth
Tuesday, June 02, 2015
Boy
The gala dinner, which was part of the Botswana Confederations of Commerce Industry and Manpower (BOCCIM) Northern Trade Fair commemorations, was themed: ‘Encompassing Value Creation Through Innovative Partnerships’.
“A partnership of local business and local universities can help drive economic growth as well as improve the efficiency of companies,” argued Boy. He explained that detailed information provided by universities on markets they operate in and the general business environment could benefit companies.
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...