Singapore investors explore opportunities in Botswana
Wednesday, September 22, 2010
The business delegation, which consisted of 26 delegates from 20 Singapore companies, visited Botswana as part of their Southern Africa tour that also took them to Angola and South Africa.
The visit is part of efforts by newly launched Africa Business Group (AfBG) and the Singapore Business Federation (SBF) as they try to foster new relationships for Singapore business with Africa.
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...