Moroka steps down as Absa chair

Stepping down: Moroka
Stepping down: Moroka

Former Cabinet minister, Neo Moroka, has stepped down as chairman of Absa Botswana "to pursue other interests".

A statement from the bank says Moroka, who is also De Beers Botswana CEO, will leave on October 31. He will also be exiting as a independent non-executive director of the bank.

Moroka joined the Absa Botswana board in July 2021.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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