African Alliance Fosters Savings Culture

Moarabi Mariri PIC: KENNEDY RAMOKONE
Moarabi Mariri PIC: KENNEDY RAMOKONE

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.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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