BancABC parent faces liquidation over P110m debt
Friday, April 16, 2021
Officials at the local bank, however, have been quick to disassociate BancABC Botswana from the legal tussle, explaining that the local operations continue as normal with a strong capital position being maintained and robust capital adequacy ratio.
ABCH company secretary, Dorothy Matiza told Mmegi the situation had arisen out of COVID-19’s impact on global financing markets and liquidity. She said this in turn had resulted in delays to ABCH’s strategic fundraising initiatives, necessitating a restructuring of the group’s balance sheet through agreements with creditors.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...