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25th February 2021
Member of Parliament (MP) for Kanye North Thapelo Letsholo has said it is high time Botswana has a citizen-owned bank.
“I challenge Bank of Botswana to seriously and intentionally facilitate the development of the first fully Botswana citizen -owned commercial bank in Botswana. This will ensure that the super profits currently enjoyed by banks remain in Botswana and possibly get reinvested in country,” advised Letsholo.
Contributing on the budget speech he said transforming and rationalizing of State-Owned Enterprises (SOEs) when implemented would make savings of about P5 billion flows annually to the enterprises.
He told Parliament the promise was made 15 years ago but has not been implemented. He said if they effect real transformation of SOEs they can make massive savings.
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