Banking sector competition nears fever pitch
Friday, October 25, 2013
![Barclays Bank Botswana chairman Rizwan Desai](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2013/october/25/php71E7.tmp.jpg&w=400&q=72&f=jpg)
Barclays Bank Botswana chairman Rizwan Desai
While for nearly 30 years into the early 1980s, Botswana had only two commercial banks - Barclays and Standard Chartered - today the local sector has 10 aggressive players targeting various market strata.
In addition, major microlenders, such as Letshego and Blue, have emerged over the years to further eat away at the market, while the country’s three statutory banks are at varying levels of commercialisation.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...