Bank licence contender withdraws application

Nearly a third of Batswana do not have bank accounts PIC: MORERI SEJAKGOMO
Nearly a third of Batswana do not have bank accounts PIC: MORERI SEJAKGOMO

A financial institution which had hopes of breaking into the local commercial banking industry has reportedly withdrawn its application to the Bank of Botswana (BoB) and is reconsidering its next move, BusinessWeek can reveal.

While the identity of the applicant has been cloaked in official secrecy, observers have read the move as a blow to the country’s aspirations to establish a citizen-owned or homegrown bank.

The two known institutions that have publicly declared their intent to pursue a banking licence are citizen-controlled BBS Limited and homegrown pan-African microlender, Letshego Holdings. This week, representatives from both entities washed their hands of the matter.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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