Sharp focus on IFMS contracts as SITA is added to probe targets

Sharp focus on IFMS contracts as SITA is added to probe targets

The investigation will scrutinise whether contracts were fair, competitive, transparent, equitable, or cost-effective. The beleaguered State IT Agency (SITA) is facing yet another probe, this time over its involvement in National Treasury’s integrated financial management system (IFMS) project. This, as the scope of the Special Investigating Unit’s (SIU’s) investigation of the IFMS tender has been…

Read More
Africa: Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help

Africa: Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help

Many African countries are already struggling with heavy debt burdens. Climate change is making this worse. Africa contributes the least to global emissions but suffers the most from extreme weather, rising temperatures and drought. These disasters affect not just people’s livelihoods but also national revenues, making debt repayment harder. Yet traditional debt contracts don’t account…

Read More