Barclays boosts Public-Private Partnerships

Moleofe and Moruakgomo
Moleofe and Moruakgomo

Barclays Bank Botswana has partnered with Botswana Association of Local Authorities (BALA) to improve local governments’ operating environment. The bank has organised a three-day Investment Pitso to be held next week in Francistown, a platform it will use to identify local governments’ operational bottlenecks, liquidity constraints and help foster mutually beneficial cooperation between the public and private sectors.

About 250 delegates, who include councillors and economic planners, are expected to attend the workshop. According to the bank’s Head of Public Sector Corporate Banking, Phemelo Moleofe, Barclays Bank would present possible opportunities and solutions, and invite experts from South Africa to share their knowledge with delegates. “We have engaged our group expertise from South Africa to deliberate on various critical topical issues that will expose the local government to a new thought process,” she said. She added that local governments would be given free advisory services and funding.

Moleofe also said they also wanted to develop a one stop shop for liquidity management, transactional and infrastructural development funding. She noted that they have conducted comparative analysis of the South African market and Botswana jurisdictional legal landscape and identified some bottlenecks, which would improve soon. Moleofe further said they wanted to trigger interest from investors, in order to enhance liquidity in local government. “We also intend to provide an enabling ground for efficient service in Local government space as well as empower local government to provide solution driven and customer centric service,” she said.

Editor's Comment
Bravo police for prompt action

It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...

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