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 15th of April after the restrictions imposed on the 12th. Mr Kamyuka has been is now serving as Interim Managing Director following dismissal of Mr Molefe on the 6th of April.
Financial Intelligence Agency (FIA) Director General Abraham Sethibe will step down from public service with effect from 30th 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.