Financial services sector can help diversify economy-Kedikilwe

No Image

Vice President Ponatshego Kedikilwe has identified the financial services sector along with other non-mining related sectors such as tourism and manufacturing, as integral part of Botswana's efforts to diversify the economy.

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.

Editor's Comment
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

Have a Story? Send Us a tip
arrow up