Boakgomo-Ntakhwana leaves FNBB

Boakgomo-Ntakhwana
Boakgomo-Ntakhwana

First National Bank of Botswana Limited (FNBB) CEO Lorato Boakgomo-Ntakhwana will leave the bank at the end of the year to take up a new post within the regional banking group in South Africa.

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.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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