Public procurement can be described as acquisition of goods and services for the general public by government. This acquisition includes construction and or provision of national infrastructure, such as electricity supply, potable water and sanitation systems, wastewater reuse, building transport and communications network of roads, railways, bridges, as well as health and education facilities such as public hospitals and schools. These public works projects, referred to as mega projects, involve huge sums of money running into billions of pula drawn from the national development budget. The 2025/2026 development budget put the figure at about P24 billion. ![]()
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Read more at: www.sundaystandard.info/state-owned-construction-companies-how-the-udc-government-can-strengthen-...
Botswana’s foreign reserves declined for a second straight month in February, deepening concerns about the country’s fiscal trajectory even as government savings posted a modest rebound. The draw-down, led by a sharp drop in long-term investments, comes as the state leans more heavily on its central bank to manage cash shortfalls.![]()
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Read more at: www.sundaystandard.info/govt-savings-pick-up-in-february-but-danger-lurks/
In a surprising turn of events, Mothusi Molokomme, the Managing Director of G4S Botswana Limited, has withdrawn his resignation, opting to remain at the helm of the security services firm. The decision, confirmed by the board this week, comes as the company grapples with persistent financial losses despite revenue growth, and significant changes to its board of directors.![]()
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Read more at: www.sundaystandard.info/g4s-botswana-managing-director-stays-but/
The Botswana Unified Revenue Service (BURS) has escalated its campaign against illegal practices in the second-hand vehicle import sector, targeting widespread customs violations that have eroded government revenue and raised border security concerns. The move, underpinned by stricter enforcement of the Customs Act, 2018, signals a zero-tolerance approach to non-compliance, with significant implications for an industry already grappling with high costs and regulatory pressures.![]()
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Read more at: www.sundaystandard.info/burs-intensifies-clampdown-on-illicit-grey-imports/
