Boakgomo-Ntakhwana leaves FNBB
Thursday, August 07, 2014
Boakgomo-Ntakhwana
Boakgomo-Ntakhwana’s departure comes a few months after reports of a deteriorated working relationship with authorities at Bank of Botswana, the commercial banks’ regulator.
While FNBB and the central bank have not confirmed the reports, industry sources claim that she had a fall out with central bank authorities over corporate governance matters.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...