Diamond industry setback as ABN AMRO closes
Thursday, October 24, 2013
![ABN AMRO](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2013/october/24/phpE610.tmp.jpg&w=400&q=72&f=jpg)
ABN AMRO
The Dutch bank, which opened its Gaborone branch in 2009 amid much enthusiasm and anticipation that it will greatly contribute to the growth of Botswana’s diamond cutting and polishing industry, has two licences - one for providing local banking services and another for international business transactions.
In a statement released Tuesday, the bank said the scale of the bank’s operations in the country in the context of its global platform is too limited to be sustainable.
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...