Banking sector competition nears fever pitch
Friday, October 25, 2013
Barclays Bank Botswana chairman Rizwan Desai
While for nearly 30 years into the early 1980s, Botswana had only two commercial banks - Barclays and Standard Chartered - today the local sector has 10 aggressive players targeting various market strata.
In addition, major microlenders, such as Letshego and Blue, have emerged over the years to further eat away at the market, while the country’s three statutory banks are at varying levels of commercialisation.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...