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
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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