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Stanbic commits P2.25m to CEEP

Deal done: Siwawa and Modise at the MoU signing ceremony last week
Deal done: Siwawa and Modise at the MoU signing ceremony last week

Stanbic Bank Botswana has partnered with the Botswana Chamber of Mines (BCM) to support the Citizen Economic Empowerment Programme (CEEP) with P2.25 million over three years.

In a statement, the bank noted that it had signed a Memorandum of Understanding with the BCM to help drive sustainable economic growth and development.

The partnership has a particular focus on advancing the economic pillar through value chain development, which will see a merging of Access to Mentorship, Access to Funding and Support. Stanbic CEO,

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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