Absa props up AFM index DISTRIBUTOR/ AGENT
Absa Bank Botswana Managing Director, Keabetswe Pheko- Moshagane urged policy makers and Cbet, investors publishers in Botswana of Botswana to use Guardian and
the Africa Financial Markets ( AFM) Index as a newspapers invites suitable candiates to apply for the position of a
tool to benchmark and inform decision making
Distributor / Agent in ( 1) Tsabong
to develop financial sectors in the country.
The Absa Africa Financial Markets Index recognises the contribution of digital initiatives and ( 2) Ghantsi
innovations to African financial market development. The report highlights countries’ progress in
Duties:
upgrading market infrastructure, transparency and regulation using new technologies.
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Launching the AFMI report on Tuesday, Pheko- Moshagane said Botswana is one of the countries that performs well in the index, ranking 5th in both 2021 and 2022 and they look forward
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to further engagements on how the country can continue to improve the financial sector and ultimately transform the economy of Botswana. “We
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need partnerships to stimulate our collective creative, intellectual and entrepreneurial spirit which
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will unlock our potential, making Botswana one of the leading economic superpowers.”
She said this is the right time to enhance our collaborative efforts · in delivering our country’s development agenda and shape our future. “It is
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our hope that market participants, policy makers and the investor · community will continue to use the index to inform decision making as we take
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Botswana and Africa forward.” The index, now in its sixth year, presents a
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broad view of financial market progress. The index continued to · evolve this year with its coverage expanded to 26 countries with the addition of the Democratic Republic of the Congo, Madagascar, and Zimbabwe. The report also sheds light on
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various financial inclusion initiatives which help to build a broader domestic investor base. Pheko- Moshagane said the continued progress on is further emphasised in our bank’s purpose of sustainability, digitalisation Please Fax and CV financial to 3908457 incluor bringing Post to: possibilities to life.” sion will be crucial to improve Africa’s appeal and Absa Bank Botswana Chairman, Neo Moroka
Cbet ( Pty) Ltd,
access for investors, enabling the continent to desaid they believe that the wider adoption of the
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velop its resilience to any future external shocks. index across the globe is a clear indication of the “As Absa Bank Botswana, we pride ourselves in importance and value policy makers, investors
P/ Bag 153 Gaborone.
our commitment to being an active force for good and business leaders attach to credible data for in the communities we serve. This commitment purposes of decision making. “It is our view that
the financial sector needs to be further developed and made more efficient in supporting economic activities and being accessible to the majority of ordinary citizens. In this regard, let me take this opportunity to commend the Government of Botswana for setting the tone by passing the Economic Inclusion Act in order to ensure meaningful participation of citizens in the economy.”