Economic highlights for April 2021

fetso — Mon, 10 May 2021 08:50:48 +0000

Nigeria’s Access Bank is the new owner of African Banking Corporation (Bank ABC) having bought a majority stake (78%) in cash. This comes a month after acquiring a controlling stake in a South African Bank (Grobank).

Trading of listed BBS securities resumed on the 15^th of April after the restrictions imposed on the 12^th. Mr Kamyuka has been is now serving as Interim Managing Director following dismissal of Mr Molefe on the 6^th of April.

Financial Intelligence Agency (FIA) Director General Abraham Sethibe will step down from public service with effect from 30^th April 2020.

Having left the EU, the UK has imposed sanctions on Botswana, listing it among 20 nations it views as having strategic deficiencies in Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) regimes.

Mid April cabinet reshuffle has seen Peggy Serame take over the reins from Dr Matsheka at the Ministry of Finance and Economic Development.

Govt reserves down to P3.4 Billion as reported at the end of Dec 2020. A large decline from the P18 Billion reported at the end of 2019.

New at Strategic Wealth

fetso — Mon, 10 May 2021 08:29:21 +0000

Welcome, Thabo Makame to the Strategic Wealth team. Thabo has joined us to help support the executive team. We love the fact that he has industry experience in asset management and lending and the drive to keep learning, he is currently busy with his CFA.

Thabo has a wonderful energy about him and we know he is going to fit in perfectly with our culture.

We hope you enjoy working with us and we hope we can support you in your career and personal growth.

News – Strategic Wealth Botswana

Economic highlights for April 2021

New at Strategic Wealth