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Serame named Africa’s Finance Minister of the Year

Earning accolades: Serame has been hailed for her stewardship of the economy through turmoil PIC: KENNEDY RAMOKONE
Earning accolades: Serame has been hailed for her stewardship of the economy through turmoil PIC: KENNEDY RAMOKONE

The Banker magazine, a Financial Times publication based in London, has named Peggy Serame Africa’s Finance Minister of the Year, noting her guidance of the economy in a year of turmoil across the continent.

According to the magazine, the awards recognise officials that have best managed to stimulate growth and stabilise their economies. The annual awards select outstanding Finance Ministers from across the globe.

The Banker’s editors noted that Botswana’s growth has outpaced that of sub-Saharan Africa as a whole for six of the past eight years.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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