Moses D Pelaelo: The housing market's potential to boost Botswana's economic growth

Keynote speech by Mr Moses D Pelaelo, Governor of the Bank of Botswana, at the official launch of BBS Limited Palapye Branch, Palapye, 26 November 2018.

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

It is an honour and a great pleasure to join you here this morning for the official opening of Botswana Building Society Limited (BBS), Palapye Branch. Palapye is evidently one of the fastest growing villages in the country. Growth, in this instance, is a function of response to economic opportunities, including actual and potential demand for services. I have no doubt that the decision by Botswana Building Society to establish a physical presence here is similarly a realisation of the potential to serve the proximate community, generate business returns and be part of the Palapye growth narrative.