New BoB Act: Inside the Ts and Cs :: Mmegi Online

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.