BBS secures provisional banking licence

In a statement this afternoon, BBS Ltd managing director, Pius Molefe said the approval is subject to conditions which BBSL is required to address before a full banking license is granted by Bank of Botswana.

“We are confident that the matters noted by Bank of Botswana for resolution are not insurmountable,” Molefe said. “Thus, both the board and management are working very hard to ensure that the issues are dealt with to the satisfaction of Bank of Botswana in the shortest time possible.”