Batswana deserve a foothold in the finance industry - part 1
Friday, August 30, 2019
It is significant that Kgori Capital seized territory which was, until its arrival, an exclusive reserve of foreign asset managers. The company became the fastest growing asset manager in Botswana and a formidable threat to other managers. The malicious prosecution is in part an attempt to keep the company away from the honeypot kept for foreign firms. Shutting Batswana out of their own economy, by use of malicious prosecution, is completely immoral, and treasonous. And it is high time we address this decade old problem.
Statistics as regard Batswana’s participation in the finance industry are shocking and downright embarrassing. After fifty plus years of independence, Botswana has no indigenous Bank; either commercial or investment. Only recently, did we reluctantly warm up to indigenous asset management firms like Kgori and thereafter the Morula’s of this world.
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...