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
Let the law take its course

When the news broke, a fierce debate ensued. While some members of the public believe that the law should take its cause, there is a section of the population that believes the move to detain the MP is politically motivated.Matsheka has been in the custody of the Directorate of Intelligence and Security since August 2 and the warrant of arrest was allegedly obtained on August 4, two days later.The issue of alleged ritual murders has never been an...

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