Sikalesele-Vaka Hails Founders Dinner Series
Monday, November 04, 2019
Reginah Vaka
Sikalesele-Vaka is a woman who has played an important role in spurring economic development and job creation in the country.
Sikalesele-Vaka, who is currently the Chief Executive Officer of Bona Life Insurance, which is the first citizen-owned insurance company in the country, shared her wisdom with both aspiring and well-established entrepreneurs, who thronged the event.
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...