Moses D Pelaelo: Contribution to both financial inclusion and inclusive economic growth in Botswana

Keynote speech by Mr Moses D Pelaelo, Governor of the Bank of Botswana, at the official opening of First National Bank of Botswana Limited, Mochudi Branch, Mochudi, 19 September 2017.

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

It is with great pleasure that I join you for the official opening of the Mochudi branch of First National Bank of Botswana (FNB). My team and I are particularly delighted because this is the first branch of the bank in the Kgatleng District.  This is indeed a positive response to what the Bank of Botswana has been urging all banks to do, specifically to have a physical presence in all major villages of Botswana including Mochudi. I am assured that the branch is well equipped, to the same standard as is the case with other FNB branches, with modern service facilities, most notably platforms that harness the beneficial features of new information and communication technologies. Through the branch facility and electronic platforms for conducting banking business, FNB, and other banks, offer choice and added convenience to customers; this, again is a welcome development. The widening, deepening and modernisation of financial services, and the related facilities fulfil the nation's Financial Sector Development Strategy and contribute to both financial inclusion and inclusive economic growth.