Call for legislative review to nurture indigenous banks

Talking advice matambo
Talking advice matambo

Members of Parliament have called on the Ministry of Finance and Economic Development to set up new legislation through advice from the Bank of Botswana (BoB) to establish a second tier banking system in the country that encourages the establishment of an indigenous bank.

Responding during the ministry’s budget proposal this week, Minister Kenneth Matambo promised to consider the advice.

“We can look at it but I don’t think what is required by BoB is unreasonable, for example, I do not think the P5 million that is required to start a bank is unreasonable,” he said.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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