Motshelo goes mainstream and grows

Barclays' Motshelo account is a crowd puller
Barclays' Motshelo account is a crowd puller

Barclays Bank Botswana launched its Motshelo product in September 2012, providing a formal banking avenue for thousands of previously unserved Batswana in the savings cooperatives. Staff Writer, MBONGENI MGUNI, catches up with the bank’s Liabilities Product Manager, Lonyalo Sefena on the progress of the uniquely Botswana offering

Mmegi: How has the Motshelo product performed in 2015 in terms of numbers of accounts and/or value of deposits?

Sefena: The Motshelo product continues to grow year-on-year as Batswana realise the importance of safeguarding their contributions as well as proper reconciliation through bank statements. More accounts were opened this year and the value of the pot has been increasing. During the first quarter of 2015, we launched ‘Boost Your Motshelo campaign’ where we saw an increase of motshelo groups taking the solution.  At the end of the campaign we had six motshelo groups winning a P5,000 boost into their motshelo account.

Editor's Comment
Let us all go to vote

Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...

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