Letshego shelves plans to open bank in Botswana
Wednesday, April 30, 2014
Low addressing the media in Gaborone yesterday. PIC KEBOFHE MATHE
In 2012, Bank of Botswana declined Letshego’s banking licence application for reasons, which the microlender says, were not explained.
Letshego has already acquired banking licences in Mozambique, a deposit-taking licence in Rwanda, and is in the process of acquiring a banking licence in Namibia.
“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...