African Alliance Fosters Savings Culture

Monday, May 23, 2016

Financial services company, African Alliance (AA) says it is on a drive towards cultivating a culture of greater savings. This came to the fore during last week’s launch of a managed fund for the Botswana Association of Tribal Land Authorities (BATLA), known as BATLA Group Investment Scheme.

African Alliance head of sales and distribution, Moarabi Mariri said Botswana has a low savings culture as compared to taking out of personal loans.

Statistics show that although earnings in Botswana are better than other Sub-Saharan countries, the level of personal savings is still considerably low.

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