Stanbic MD rates Botswana as unequalled

Kennedy, who has been in the country for the past five years, said in some instances, Botswana was ahead of his native South Africa, which was competing for the same foreign direct investment (FDI). He said his experience as a banker in Botswana had been one of a pleasant surprise regarding the accessibility of cabinet ministries "who can even come to the office for a cup of coffee".

Presenting a paper titled Running a Business in Botswana, the South African Perspective, Kennedy told the one-day forum at the GICC in Gaborone that the banking regulator, the Bank of Botswana (BoB), was also accessible. He illustrated this by the promptitude with which BoB had facilitated the transaction when Stanbic Bank Botswana bought Investec Bank Botswana from Investec Holdings Botswana in 2003.