Financial services sector can help diversify economy-Kedikilwe

Speaking during the official launch of the latest entrant in the fund management industry in the country, Afena Capital Botswana, Kedikilwe said the development of the financial services sector has been one of the key strategic objectives of the government in driving the economic growth and sustaining it for long-term benefits.

He explained that the fund management industry as one of the financial service industries has seen a substantial growth in recent years that has been in the form of both a number of markets participants and the value of funds managed by the industry. As a result, the Non-banking Financial Institutions Authority (NBFIRA) reported a growth as by the end of March 2012, they had registered 13 assets managers and had licensed six management companies dealing with collective investment Undertakings.