Botswana firms among finalists for Jack Ma’s $1.5m award
Monday, August 22, 2022 | 3540 Views |
Waving the flag: Tafila and Katsiga
The competition, now in its fourth edition, was established by the Jack Ma Foundation and is aimed at aims at supporting entrepreneurs who are not only building successful businesses, but who are also running mission driven organisations that generate growth for their local communities across Africa.
The Foundation behind the competition was established by Jack Ma, a Chinese magnate and entrepreneurial icon who co-founded Alibaba Group, the multinational tech group best known for its e-commerce platform.
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...