BotswanaPost expands financial services with new projects
Friday, November 08, 2024 | 450 Views |
New thinking: BotswanaPost has made innovation its strongest weapon as it fights off the extinction of postal services
In a recent statement, BotswanaPost shared progress on several key projects designed to improve service accessibility and bring essential financial solutions to underserved communities across the country.
One of the major developments underway is BotswanaPost’s preparation to apply for a banking licence, which would enable it to launch a Post Bank. This new financial institution aims to bridge the gap for individuals and communities in Botswana who have limited access to traditional banking services.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...