mmegi

BoB relishes greater autonomy as MPs pass amendments

Friday, July 29, 2022 | 2020 Views |

Bank of Botswana Governor Moses Pelaelo PIC: THALEFANG CHARLES

Members of Parliament on Monday passed sweeping changes to the Bank of Botswana (BoB) Act, granting the central bank greater autonomy from undue 'political or industry' influence and sharpening its role to that of price management and financial stability.

The new amendments passed without a single objection by bipartisan legislators, also include tighter restrictions on the conditions under which government can borrow from the BoB.

The changes also include improved corporate governance at the central bank, with the governor removed from his dual role as board chair and bank chief executive.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

'I was deceived'

Larona Makhaiza | 8 h ago

Fierce battle looms in BPF Nata-Gweta primaries

Chakalisa Dube | 14 h ago

BPF to win all Serowe constituencies

Innocent Selatlhwa | 14 h ago

BDP councillor withdraws candidacy, decries voters roll manipulation

Tsaone Basimanebotlhe | 14 h ago

BDP primaries: More fireworks, twists and turns

Tsaone Basimanebotlhe,Goitsemodimo Kaelo | 15 h ago

Choppies' P1m Olympic incentive

Calistus Kolantsho | 16 h ago

Masole gears for third Chess Olympiad

Calistus Kolantsho | 17 h ago

Wildebeests on the cusp of rugby history

CALISTUS KOLANTSHO | 17 h ago

BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

The Monitor Editor | 22 July 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

BoB relishes greater autonomy as MPs pass amendments

Members of Parliament on Monday passed sweeping changes to the Bank of Botswana (BoB) Act, granting the central bank greater autonomy from undue 'political or industry' influence and sharpening its role to that of price management and financial stability.