Mmegi

Audit suspends top CEDA executive

CEDA Headquaters has recently witnessed the organisation's internal audit. PIC MORERI SEJAKGOMO
CEDA Headquaters has recently witnessed the organisation's internal audit. PIC MORERI SEJAKGOMO

Citizen Entrepreneurial Development Agency (CEDA) has suspended one of its top executives with immediate effect following findings from an internal audit, which forms part of the broader national forensic audit currently sweeping through state-Owned Enterprises.

According to information reaching Mmegi, the internal audit, initiated in alignment with the nationwide probe led by Dubai-based consultancy firm Alvarez & Marsal (A&M), uncovered issues that prompted the agency to take swift administrative action pending further investigations.

Sources close to the matter indicated that the decision to suspend the executive was taken to ensure transparency and accountability during the ongoing inquiries.

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Editor's Comment
Prudence must remain Botswana’s North star

These are not ordinary times. Yet, history reminds us that this nation has navigated difficult waters before and did so by clinging firmly to the principles of prudence and macroeconomic stability. From independence in 1966, Botswana chose a path few resource-rich countries managed to sustain. Diamond revenues were not treated as windfalls for reckless expansion, but as capital to be managed with caution. The establishment of fiscal rules,...

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