BoB rejects Russian bank licence application
Friday, May 29, 2015
Although the central bank could not divulge reasons for the rejection, BoB Head of Communications Andrew Sesinyi told BusinessWeek that the central bank last year granted a conditional approval to Alnivor Botswana trading as Russian African Bank, but the application was rejected upon further vetting this year.
“The application for a banking licence in respect of Alnivor Botswana (Pty) Ltd, trading as Russian African Bank, was unsuccessful and that the conditional approval was hence revoked,” he said.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...