Batswana deserve a foothold in the finance industry - part 1

The continued persecution of Kgori Capital (Pty) Ltd by the Directorate of Public Prosecutions (DPP), in spite of the Court of Appeal (CoA) ruling, bears the hallmarks of not only a malicious prosecution but also, a modern-day economic hit.

It is significant that Kgori Capital seized territory which was, until its arrival, an exclusive reserve of foreign asset managers.  The company became the fastest growing asset manager in Botswana and a formidable threat to other managers.  The malicious prosecution is in part an attempt to keep the company away from the honeypot kept for foreign firms.  Shutting Batswana out of their own economy, by use of malicious prosecution, is completely immoral, and treasonous.   And it is high time we address this decade old problem.

Statistics as regard Batswana’s participation in the finance industry are shocking and downright embarrassing.  After fifty plus years of independence, Botswana has no indigenous Bank; either commercial or investment.  Only recently, did we reluctantly warm up to indigenous asset management firms like Kgori and thereafter the Morula’s of this world. 

Editor's Comment
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