BancABC Botswana pledges more ownership to Batswana
Friday, April 30, 2021
This comes after the major Nigerian financier, Access Bank, snapped up the 78% equity held by ABC Holdings in BancABC Botswana. The move stirred up criticism that Batswana were not given a chance to bid for the stake before Access Bank.
The conversation around Batswana setting up a home-grown commercial bank has been going on for some time, with criticism that the Bank of Botswana has not developed a tiered access system to enable citizen-owned enterprises the opportunity to enter the local commercial banking space.
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...