Economic Empowerment

The **Canadian government**’s Indigenous procurement initiative, which aims for a 5% target for Indigenous businesses, is under intense examination due to claims of significant systemic failures. While no immediate changes have been enacted, the potential for stricter oversight could impact access and eligibility criteria for Indigenous vendors.

The newly enacted Public Procurement Act 28 of 2024 aims to unify South Africa's procurement laws, with a significant focus on set-asides for contracts under R20 million. This initiative presents opportunities for historically disadvantaged groups to gain access to government contracts, while compliance requirements for procurement officials will also evolve significantly.

The Department of Veterans Affairs has entered a partnership with Steak 'n Shake to support veteran entrepreneurship. This initiative waives franchise fees and promotes veteran hiring, significantly enhancing economic opportunities and leadership roles for veterans in the private sector.

The Botswana government has introduced a **P1 billion** Poultry Financial Suite to support **269 poultry farmers** and promote local production. This strategic move aims to enhance food security and reduce market concentration, providing significant procurement opportunities for agricultural stakeholders.

The Department of Veterans Affairs has earmarked billions for Service-Disabled Veteran-Owned Small Businesses, focusing on San Antonio. However, many veterans are unaware of the registration process, representing a critical opportunity for engagement from procurement professionals and veteran organizations.

The 2026 KwaZulu-Natal Jobs and Skills Summit has unveiled strategies to uplift local small enterprises, focusing on skills development and compliance with procurement regulations. This initiative is expected to enhance competition among local businesses and optimize employment chances in the region.