BoB’s voice in the wilderness hits home
Wednesday, August 09, 2023 | 1810 Views |
Watching the numbers: Pelaelo PIC: PHATSIMO KAPENG
Each year, the Bank of Botswana (BoB) carefully selects a theme topic for its annual report and for several years, the central bank has hammered home the ever increasing need to change the direction of the country’s economy.
The BoB is government’s economic advisor, an army of the country’s finest economic minds, highly trained in specialised and emerging subjects who spend their time analysing the risks and opportunities facing the country’s books.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...