Mohohlo urges banks to invest

Speaking at the First National Bank of Botswana (FNBB) 50th anniversary celebration dinner recently, former Bank of Botswana Governor, Linah Mohohlo said banks as market leaders should not rely on poaching staff from each other, noting that it cannot be a viable and sustainable means of acquiring the skill-set and knowledge-base necessary for the continued growth and development of the banking sector.

“You will readily agree that it is a sound business strategy to invest in staff training as the country has a small pool of bankers. As the banking sector, it is logical to expect a diversity of banking products and services at a reasonable cost in part through increased competition,” she said.