New BoB Act: Inside the Ts and Cs

Heart of the matter: Pelaelo and his senior management expect
the new Act to boost the bank's activities PIC: THALEFANG CHARLES
Heart of the matter: Pelaelo and his senior management expect the new Act to boost the bank's activities PIC: THALEFANG CHARLES

Legislators on Monday passed the most comprehensive amendments to the Bank of Botswana Act in 26 years, providing protection from influence, tightening borrowing to government, clarifying its priorities and improving governance structures, among others. Staff Writer, MBONGENI MGUNI secured audience with top Bank officials on the changes

In its economic briefing on Wednesday, Mmegi was able to put several questions to Bank of Botswana (BoB)’s senior management on the impact of the sweeping amendments to the Bank of Botswana Act made by Parliament earlier in the week.

The amendments comprise nearly 40 clauses that substantially change, delete and or revamp sections of the old Act. Despite the exhaustive changes required, the updated law sailed through Parliament unchanged, without a single objection from the both sides of the legislature.

Editor's Comment
Doctor's orders can't be overemphasised

The walk serves to raise awareness of the prevalence and impact of using treatment to manage seizure attacks.While many are aware that epilepsy is a medical condition that requires specialised care by health practitioners, there are those who, unfortunately, have other ideas about the condition and often deny their children medical care.These individuals usually associate the medical condition with witchcraft and demonic attacks, and choose to...

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