Stanbic commits P2.25m to CEEP
Wednesday, April 03, 2024 | 1010 Views |
Deal done: Siwawa and Modise at the MoU signing ceremony last week
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,
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...