Moses D Pelaelo: Official opening of Botswana Savings Bank Limited Hukuntsi branch

Keynote speech by Mr Moses D Pelaelo, Governor of the Bank of Botswana, at the Official opening of Botswana Savings Bank Limited Hukuntsi branch, Hukuntsi, 30 November 2020.

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

Central bank speech  | 
30 November 2020


It is with great pleasure and honour for my delegation and I to be joining the Hukuntsi community and the Managing Director of Botswana Savings Bank (BSB) and his staff for the official opening of a branch here in Hukuntsi.

Director of Ceremonies, let me mention that I gladly accepted the invitation from the Managing Director, Mr Marumuloa, to perform the official opening because of the significance of this occasion to the people of this region, which extends beyond the narrow confines of a bank branch building. 

First, it is important to acknowledge that, save for the Botswana Postal Services, this is the first permanent physical branch of any bank in Hukuntsi and the surrounding Matsha villages. Hitherto, notwithstanding its population, geographic size, proximity to wildlife conservation areas, importance of cattle farming, as well hosting many Government and subdistrict facilities, the entire Kgalagadi North constituency had only one bank branch in Kang and two ATMs providing financial services.