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Banking / Investment in Botswana

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • Letshego chief aims to lead race for African financial inclusion

    BOTSWANA, 2017/08/23 In sub-Saharan Africa about 326 million adults do not use formal or semi-formal financial services. This unbanked group, according to consultancy McKinsey, offers innovative finance providers with a peerless increase opportunity. Indeed, momentum is building behind Africa’s financial inclusion schedule; mobile money operators are on the rise, commercial banks are launching microfinance units, and governments are pushing to formalise economic activity in their respective markets.
  • Botswana slashes bank rate

    BOTSWANA, 2013/12/12 Botswana’s central bank on Tuesday slashed the country’s bank rate by a 50 basis point to 7.5% in a bid to stimulate economic increase and avert the growing unemployment figures in the country. “The current national of the economy, in which unemployment remains high alongside below-trend economic activity, suggests scope for monetary policy easing to stimulate stronger output increase,” said the Bank of Botswana (BoB) Monetary Policy Committee. “Accordingly, the Monetary Policy Committee decided to reduce the Bank Rate by half a % to 7.5 %.”
  • Botswana' Bank Rate Reduction Good for Economic Growth

    BOTSWANA, 2013/11/27 Reduction in the bank rate is intended to promote higher rate of economic increase and employment creation through an increase in request and investment . The Minister of Finance and Development Planning, Mr Kenneth Matambo told Parliament on November 21 that a change in the bank rate signals direction of monetary policy, based on Bank of's assessment of the outlook for inflation and economic performance Reduction in the bank rate is intended to promote higher rate of economic increase and employment creation through an increase in request and investment .