Debswana places multi-billion pula bet on local

Power to the people: Debswana plans to procure at least 50% of its supplies and services from citizen contractors by 2024 PIC: MORERI SEJAKGOMO
Power to the people: Debswana plans to procure at least 50% of its supplies and services from citizen contractors by 2024 PIC: MORERI SEJAKGOMO

The country’s most important economic actor, Debswana, is confident it will deliver its target of shifting P20 billion of its procurement budget to citizen-owned businesses by 2024, while at the same time ironing out the familiar troubles that have dogged similar broad-based empowerment programmes. Staff Writer, MBONGENI MGUNI reports

Debswana’s targets for its Citizen Economic Empowerment Programme (CEEP) are bold. Having started CEEP in 2019, the country’s premier diamond producer plans to reach P20 billion in citizen spend value by 2024 and create 20,000 citizen jobs in the process.

The targets are the most ambitious transfer of citizen value creation in the history of the country’s minerals sector, an industry where procurement registries are dominated by large, well-established multi-national entities and other foreign titans.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

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