NDB leverages on agriculture for commercial banking

Once passed, the transition bill will repeal the 49-year-old NDB Act and allow the development finance institution to apply to the Bank of Botswana for a commercial banking licence.

The NDB is already procuring a banking solution which will provide the platform for its deposit-taking and lending activities. The institution is also reporting to the Bank of Botswana for guidance on restructuring while working on compliance with Basel II. Yesterday, NDB CEO, Lorato Morapedi unveiled an arsenal of initiatives the institution plans to use to carve market space in the highly competitive banking sector. The plans are part of the 2011-2014 Thobo Strategy, a blueprint for a fully commercialised and privatised NDB.