BoB relishes greater autonomy as MPs pass amendments

Bank of Botswana Governor Moses Pelaelo PIC: THALEFANG CHARLES
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.

Editor's Comment
Gov’t, Balete should bury the hatchet

The acrimony that seemingly characterised the relationship between the Malete Land Board on behalf of the Botswana government and Kgosi Mosadi Seboko and the tribe, should now be water under the bridge as the tribe has finally gotten what it has been fighting for - the land.Kgosi Mosadi has articulated an instance upon which she was allegedly summoned to the State House by the Head of State, Mokgweetsi Masisi where the former claimed she was...

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