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
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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