Stimulus frenzy triggers company registration rush

Expectant: Batswana are hoping to benefit from the stimulus package
Expectant: Batswana are hoping to benefit from the stimulus package

As President Ian Khama delivers his State of the Nation Address (SONA) on Monday, expectant Batswana who have been flooding the Companies Intellectual Property Authority (CIPA) to register companies, are hoping to hear the finer details of the much-hyped Economic Stimulus Package (ESP).

Since the pronouncement of the ESP last month, the CIPA says it has recorded a significant increase in number of people registering companies.

In addition, it has also been brisk business for company registration consultancy firms, with some registering as much as a five fold increase in the number of clients.

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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