Botswana shines, as impairments cloud BancABC
Thursday, March 27, 2014
BancABC Botswana is one of the banking group’s subsidiaries along with Zambia, Zimbabwe, Mozambique and Tanzania.
The group’s results for the year ended December 31, 2013, unveiled on Tuesday, revealed that while Botswana led the stable in contributions to attributable profits, income and loan book size, bad debts overshadowed ABC Holdings’ sterling results.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...