Moses D Pelaelo: Sustaining a healthy, sound financial sector in Botswana

Keynote address by Mr Moses D Pelaelo, Governor of the Bank of Botswana, at the 25th anniversary gala dinner of Stanbic Bank Botswana Limited, Gaborone, 23 March 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
04 May 2017
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 |  13 pages

It is an honour and, indeed, I am most grateful to the Board and Management of Stanbic Bank Botswana Limited for the invitation to officiate at this Gala Dinner, celebrating "25 Years of Stanbic Bank Moving Forward". This event marks a significant milestone in the history of the bank in Botswana, more so coming shortly after the commemoration of the Bank of Botswana's 40th Anniversary on March 31, 2016 and the 50th Anniversary of our country's Independence, on September 30, 2016.

Distinguished guests, allow me to start by thanking, in particular, Standard Bank Group Chief Executive, Mr Sim Tshabalala; Chairman of the Board of Stanbic Bank Botswana Limited, Mr Craig Granville; Chief Executive, Mr Leina Gabaraane, and the entire management and staff of Stanbic Bank for ensuring that we are here, today, celebrating the Silver Jubilee of Stanbic Bank Botswana Limited. The efficiency, effectiveness and safe conduct of banking operations cannot and ought not be taken for granted because, as many would know, banks are accident-prone entities. It is for this reason that the Board, Management and Staff of the Bank of Botswana congratulate you, Mr Gabaraane, your Board and the entire team, for the many achievements of your bank to this day and, thus far, having conducted the affairs of the bank in a prudent, sound and sustainable manner.