Financial services sector in massive growth

The financial services sector continues to grow from strength to strength as both the amount of deposits with and credit by commercial banks has surged considerably in the past year.

According to a Bank of Botswana (BoB) financial statistics report, commercial banks'  deposits which were sitting at a mere P5 billion  10 years ago, grew by 20 percent between February 2007 and February 2008, from P25.5 billion to P30.6 billion.

The deposits, which include current, call and savings accounts, also factor in fixed return investment paper ranging from the 31-day paper to 12 months instruments.

Editor's Comment
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It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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