Banks too shy to localise top positions

“We certainly are for local CEO’s but as you know the final decision ends with banks’ board of directors who make the appointments,” Oduetse Motshidisi, the acting governor of Bank of Botswana, said. “We feel the market is in a position now to have citizens as CEOs but banks always come up with reasons as to why they employ expatriates for these positions and we cannot impose people on them.”

Motshidisi was testifying before a parliamentary committee on government parastatals and enterprises. The Statutory Bodies and State Enterprises committee began its meeting yesterday and is chaired by Member of Parliament for Tati East Guma Moyo.