Dubai Expo 2020 and the question of ROI
Friday, March 18, 2022 | 1130 Views |
Meeting the world: Masisi with Dubai leaders earlier this week PIC: BITC FACEBOOK
These questions are justified considering the current fiscal situation of the country where budgets are tight and rationalisation of expenditure has been touted heavily in the past two years. It has been a cry by Batswana for the past few years that we need increased accountability of public funds’ expenditure. Accountability that speaks to expenditure that is motivated by clear targets and transparent reviews after we have closed projects or investments. It is with this backdrop that a debate for accounting for our participation at the Dubai Expo 2020 is relevant.
I had the pleasure of being invited to participate in activities between March 8 and 14, as a moderator in Abu Dhabi and Dubai in the United Arab Emirates (UAE). Outside of the Dubai Expo 2022, three conferences were held during this period: one focusing on agribusiness, one focusing on mining (both in Abu Dhabi) and the last being the Botswana Investment and Trade Conference held in Dubai on March 14 headlined by President Mokgweetsi Masisi.
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...