Banks' rake in P1bn in profits
Thursday, October 10, 2019
Over the same period last year, collective profits of the country’s commercial banks reached P978 million which was also then a record. Banks rounded off 2018 with collective profits of P2.02 billion, yet another record.
Bank of Botswana figures released this week show that the record profits in the first seven months of the year were powered by higher net interest income of P2.5 billion compared to P2.2 billion for the corresponding period last year.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...