BoB advocates for removal of ICT barriers

Bank of Botswana calls for removal of regulatory barriers to the uptake of ICT driven financial systems to enable the stable national economic growth.

In its 2021 annual report, the central bank stated that Botswana needs to leverage on existing technology to improve productivity and foster inclusive growth, as she transitions towards a high- income status by 2036. “This means a dedicated focus on improving existing ICT infrastructure, fostering innovation- friendly policies, investing in ICT driven financial systems, removing regulatory barriers to the uptake of ICT, improving the quality and quantum of supportive institutions and deliberate focus on research and development and innovation for local solutions.”