Mystery shrouds Stanchart CEO exit
Thursday, February 16, 2017
The CEO’s resignation comes as reports swirl around the bank over a letter by Oseg CEO, Pheko Majakathata in which he complained to the Bank of Botswana about what he termed “incidences of corruption, understating of impairments and falsification of information as perpetrated by the leadership of Standard Chartered Bank”.
In his letter to Bank of Botswana director of banking supervision, Lesedi Senatla, Majakathata claims that after failing to service his debts with Stanchart, his efforts to rehabilitate the business and the debt were deliberately frustrated by Stanchart’s leadership of the bank.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...