CELEBRATING LONG SERVICE - Bank of Botswana
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Official Newsletter of the Bank of Botswana ISSUE 5 | VOLUME 1 | JANUARY 2021
CELEBRATING
LONG SERVICE
CHRISTMAS
CHRISTMASMESSAGE
MESSAGE
CELEBRATING
CELEBRATING
LONG
LONGSERVICE
SERVICE
DR.
DR.KGANETSANO
KGANETSANOAPPOINTED
APPOINTED
DEPUTY
DEPUTYGOVERNOR
GOVERNOR
VISION MISSION
The Mission of the Bank of
Botswana is to contribute to the
The Bank aspires to be a world-class sound economic and financial
well-being of the country. The
central bank with the highest standards Bank seeks to promote and
maintain:
of corporate governance and professional
• Monetary stability;
excellence. • A safe, sound and stable financial
system;
• An efficient payments mechanism
• Public confidence in the National
currency;
• Sound international financial relations;
• Efficient banking services to its
various clients;
• Sound economic and financial
advice to Government.
EDITORIAL
TEAM
3 Christmas Message from the Governor
Editor in Chief:
6 Bank Rate Maintained at 3.75 Percent Dr. Seamogano Mosanako
Governor Officially Opens the Botswana Coordinator and Editor:
7
Savings Bank Branch in Hukuntsi Mareledi Selabe
10 9 Celebrating Long Service Awards
Sub Editor:
Group Awards: Pelontle Mosweu
22
Story on the Business Continuity Management Team
cover page Contributors:
In 2020, the Bank 23 My Career Path Rachel Tshepe
recognised and awarded Cordellia N. Moseki
a total of 99 staff 24 Behind the Bank
members with Long
Service Awards. Follow us online
25 2020 Highlights
www.bankofbotswana.co.bw
02 Bank of Botswana
Christmas
Message
BY THE GOVERNOR
In compliance with COVID-19
protocols, the Bank of Botswana
end of year Christmas celebrations
were cancelled. On December 24,
2020, the Governor’s Christmas
Message was relayed to staff
electronically.
I
N HIS MESSAGE, THE GOVERNOR, LONG SERVICE AWARDS He explained that it is the Bank’s
Mr. Moses Pelaelo, reiterated that The Governor stated that in 2020, the mission to promote and maintain price
due to the COVID-19 restrictions, Bank recognised and awarded a total of stability to preserve purchasing power
the Bank had to forego personal 99 staff members with Long Service while allowing for durable and balanced
recognition of colleagues for long- Certificates, three of which were for 40 economic development and growth;
service, quality of upkeep of home years of continuous and loyal service to supervision of banks to promote
gardens for security personnel and the Bank; namely, Messrs Keemenao safety, soundness, and integrity of
for safe, accident-free driving; the Tsie and Thomas Masimola as well as the banking system; operation and
marvellous Bank of Botswana Choir Ms. Elizabeth Kopelo; nine were for 35 oversight of the payments system to
renditions, thematic party dress styles years and six in the 30 years category, foster efficiency, safety and finality of
and the celebratory chats and dancing. including, the Governor. settlement of transactions in central
The following are the key highlights bank money; currency management
from his Christmas message: He went on to applaud all for the many to ensure uninterrupted availability of
years of loyal service to the Nation. good quality banknotes and coin; and
REMEMBRANCE OF THE the management of foreign exchange
DEPARTED BoB EMPLOYEES WHO WE ARE AS AN reserves to anchor the external value of
In his message, the Governor called INSTITUTION the currency.
on a solemn moment of reflection in The Governor reiterated that the Bank’s
remembrance of the Bank’s departed primary mission is to protect the value The Governor highlighted that the
employees during 2020: Mr. Matthew and integrity of the National currency, Bank’s existence and relevance as an
Wright, Ms. Nono Mahlanza and Mr. Pula le Thebe. He went on to state institution leverages public confidence,
Benny Modise, who sadly passed that it is about moderating the rate of integrity and trust engendered by
on in May, August, and November, increase in prices (inflation) within a continuous excellent performance
respectively; former Board Member level that makes it worthwhile to earn, and accountability to the Nation. In
Mr. Robert Neil Matthews who use (in transactions), save, invest in the this regard, the traits of a central
passed on in September; retired staff local currency; and ensure stability and banker included among others: ethical
members, Messrs Isaac Kgaodi and credibility of the financial and payments behaviour, integrity, good personal
Ignatius Tlhagiso Molefi and Ms. Emelly systems to enable patronage, financial conduct and professionalism.
Phekoetsile. May the souls of the inclusion and capability to transmit
departed rest in eternal peace. policy signals.
03
Christmas Message cont...
OVERVIEW OF THE PAST YEAR’S precaution towards containment of the maintenance of disease containment
PERFORMANCE disease. Alongside changes to work measures, domestically, regionally and
Regarding the economy, real GDP was arrangements and adaptation, additional globally. This, he emphasised, meant
projected to have contracted by 7.7 resources were provided to enhance the that health risks remained elevated and,
percent in 2020, compared to a growth cleaning of offices and spaces as well therefore, every Bank employee and the
of 3 percent in 2019, with associated as health screening on entry into Bank Nation at large, must remain vigilant,
loss of employment and income at facilities. This involved rearrangements attentive and respond appropriately to
a personal level for many, stated the and additional acquisitions with respect messages and guidance by the relevant
Governor. Export earnings, mostly to facilities, equipment, sanitisers, as authorities.
represented by diamonds, fell markedly; well as additional health personnel.
and in the context of maintenance of Regarding monetary policy and financial
levels of imports and COVID-19 related The Bank was committed to stability assessments, the economic
expenditure, the foreign exchange uninterrupted provision of key services, outlook and the inflation trajectory
reserves fell from P65.2 billion in including availability of banking services suggested that accommodative
December 2019 to P57.5 billion in for the Government and commercial monetary policy would be maintained
October 2020. Related thereto, the banks, conduct of payments and in 2021; and that the banking sector
fiscal deficit (larger expenditure than settlement and security arrangements, would continue to be resilient and
revenue) also widened and was stated the Governor. He further developmental with respect to
estimated at P7.4 billion for the first explained that the Bank availed the adoption of new technology and
six months of the 2020/21 fiscal year, necessary policy instruments to ensure payments platforms. A challenge
compared to P4.4 billion for the same adequate liquidity in the banking system; to macroeconomic stability relates
period in the previous year. reducing the cost of borrowing and to widening budget deficits which,
implementation of a larger downward however, should be managed through an
Regarding the Bank’s appropriate funding and debt
mandate, inflation was below management framework.
the 3 – 6 percent objective “THE GOVERNOR WISHED THE
range in 2020 against the STAFF AND THEIR FAMILIES, A The related implication is that
background of weak economic the management of foreign
activity and a reduction in fuel
MERRY CHRISTMAS AND A HAPPY, exchange reserves will be
prices, stated the Governor. PROSPEROUS 2021. LET US ACT in the context of reduced
He further stated that the RESPONSIBLY AND COMPLY WITH volumes and the attendant
banking sector remained need to adjust investment
sound and resilient, while the
THE COVID-19 PROTOCOLS AND strategies and portfolio
payments infrastructures and TRAFFIC RULES.” construction. There will be,
systems were supportive and furthermore, a requirement
adaptive. for diligence and timely advice
rate of crawl of the Pula exchange rate in relation to government account
The Governor regretted that the Nation in order to support economic activity; as movements and execution of payments
continues to contend with the adverse well as contributing to National policy in an environment of dwindling fiscal
citation on effectiveness of compliance development. The Governor highlighted and external buffers; while Government
with Anti-Money Laundering and that the Bank maintained judicious re-calibrates fiscal, structural and other
Combating the Financing of Terrorism management of the foreign exchange policies to generate growth, as well as
requirements by the Financial Action reserves by maximising opportunities sustainable development.
Task Force. for return, while mitigating risks.
While the Bank has been responsive
He affirmed that the Bank continues The Bank’s Headquarters in terms of work arrangements, it
to work with relevant authorities Redevelopment Project, PulaThebe, should not view this as temporary; the
in Government to ensure that this gathered pace with construction of right posture for the Bank and all of its
development does not adversely affect Phase I that had proceeded well. employees should be adaptive to the
financial flows, investment, trade and, “new normal” and be systematic and
ultimately, economic activity. PLANS AND PROSPECTS FOR strategic about it. Therefore, as one
THE YEAR AHEAD AND BEYOND. of the immediate measures, a Task
The Governor acknowledged that 2020 The Governor cautioned that it was Force had been constituted, chaired
was challenging, with reference to important to recognise that COVID-19 by the Chief Operations Officer (COO),
COVID-19 and that the Bank contributed had heightened, as evidenced by the Mr. Richard Nlebesi, to develop a
towards mitigating its impact. The Bank dramatic increase in new infections systematic approach to remote working
implemented various health protocols and fatalities, second and third waves, and monitoring of work management,
and work arrangements as a health discovery of new variants, as well as, staff performance as well as continued
04 Bank of Botswana
safety and confidentiality of Bank mandates and develop a framework Bank’s reputation; public education
records and information, stated the for adaptation. For example, the 2021 initiatives; a standardised visual brand
Governor. work programmes should address the that is recognisable and durable; and
transition to supervisory technology a firm position and implementation
With regards to performance of (SupTech) and regulatory technology with respect to social media platforms
essential services and delivery with (RegTech); outline preparedness such as Twitter, Facebook, Instagram
respect to the Bank’s key mandates, for a Bank of Botswana digital and LinkedIn, stated the Governor.
as well as contribution to National currency, including determiNation of In the area of human resources, the
policy discussion and development, resource requirements; and work on Governor highlighted that there will
the Bank continues to do well and a framework for harnessing relevant be imminent developments that are
has been resilient even in the advent big data generated by the use of likely to affect the Bank’s approaches
of the COVID-19 pandemic. While financial technology, which would be to human resource management
challenging, recent developments relevant for monitoring activity, policy issues. Specifically, he stated, relating
around COVID-19 and the leap in formulation and development. In this to the outstanding Human Resources
use of new technology, herald new context, digital skills, innovation and Strategy to be completed in 2021, as
opportunities and prospects for the knowledge will be quintessential well as review of the performance
Bank, individual staff members and the for effective delivery of the Bank’s management system.
Nation generally, stated the Governor. mandate, stated the Governor.
The Governor stated that, in a
The Governor highlighted that access The Bank has submitted the revised continuously changing environment,
and awareness with respect to Bank of Botswana Act and the Banking the Bank needed to adapt and renew
information and communications Act for processing by Government functions and operations in order to
technology infrastructure and and, potentially, promulgation by remain effective and relevant in the
secure use must be ubiquitous. In Parliament. In this regard the Bank is discharge of its mandates. He further
this regard, he stated that the Bank prepared to implement the revised stated that performance of the Bank
has started procurement of more legislation, including reformulation is about individual contributions in
laptops to replace desktops, while of the Bank’s Bye-Laws and other terms of skills, commitment and
continuing to improve on associated subsidiary legislation, where required. execution, as well as collective focus
connectivity. Moreover, it is expected The 2021 Work Programme also and engagement. He went on to
that the electronic document includes progressing the drafting of applaud the willingness of Bank staff
management system will enable the National Payments law and work to continuously upgrade their skills;
remote access to records to enable towards establishment of a deposit particularly, as they adapt and transition
staff to meaningfully perform work insurance scheme for Botswana. to new work arrangements and
and undertake assignments remotely. The expectation is that significant intensive use of technology. He further
The Governor further stated that the progress will be made by the end of implored everyone to actively pursue
Bank is pursuing developing capability the year. The former will address gaps and engage in training through online
to enable remote operation of mission in law and institutional arrangements and other virtual platforms provided
critical systems in a secure manner engendered by evolution of payments by the Bank’s usual counterparts and
and without undermining integrity. infrastructures and platforms. The others assessed to be credible.
The Governor further highlighted latter is a key element of financial
that, it is expected in 2021, that the sector safety nets designed to foster The Governor concluded his message
Fintech Monitoring and Strategy Group financial inclusion and stability, stated by thanking the Board for ably providing
will, in collaboration with relevant the Governor. strategic guidance, effective oversight
Departments, communicate clearly and support in implementing the 2020
the areas where technology is going In 2021, there will be engagements work programmes.
to affect the Bank’s functions and on approaches to safeguarding the
05
BANK RATE
BANK RATE
MAINTAINED AT
3.75 PERCENT
A
ccording to the Governor, Moses Pelaelo, (ERTP), as well as a possible increase in Government
inflation increased from 1.8 percent in levies and/or taxes, could lead to higher inflation.
September to 2.2 percent in October
2020 and remained below the lower These risks are moderated by weak domestic and
bound of the Bank’s objective range of global economic activity, which could be exacerbated
3 – 6 percent. However, inflation is forecast to revert by periodic lockdowns due to prolonged COVID-19
to within the objective range in the second quarter of infections, and the possible decline in international
2021. commodity prices, highlighted the Governor.
Furthermore, should there be implementation capacity
Overall, risks to the inflation outlook are assessed constraints, this could hinder the effectiveness of
to be balanced. Upside risks relate to the potential policy stimulus and ERTP initiatives, thus resulting in
increase in international commodity prices beyond lower inflation.
current forecasts, aggressive action by governments
and major central banks to bolster demand, as well as Focusing on the domestic economic outlook, the
possible supply constraints due to travel restrictions and Governor stated that the Real Gross Domestic Product
lockdowns, though abating, stated the Governor. He (GDP) contracted by 4.2 percent in the twelve months
noted that, domestically, accelerated implementation to June 2020, compared to a growth of 3.9 percent
of the Economic Recovery and Transformation Plan in the corresponding period in 2019. The decline in
"Broadly, the contraction in GDP reflects the substantial curtailment
of economic activity due to the necessary measures implemented to
contain the spread of COVID-19 and safeguard human life"
output was attributed to the contraction in output of sectors. In addition, the deceleration in growth of the
both mining and non-mining sectors, resulting from finance and business services, general government,
the associated COVID-19 pandemic containment agriculture and social and personal services contributed
measures. Mining output contracted by 18.6 to the overall output decline of the non-mining sector.
percent compared to a growth of 1.5 percent in the
corresponding period in 2019, mainly due to weaker Projections by the Ministry of Finance and Economic
performance of the diamond, soda ash, copper and Development and the International Monetary Fund
other mining subsectors. Non-mining GDP contracted (IMF) suggested a deterioration in economic growth
by 2.6 percent in the year to June 2020 compared to for Botswana in 2020. The Ministry estimated that
4.2 percent in the same period in 2019. the economy had declined by 8.9 percent in 2020,
from an earlier forecast of a 13.1 percent contraction,
The Governor indicated that the lower growth in non- but would rebound to growth of 7.7 percent in 2021.
mining GDP was mainly due to contraction in output The IMF projected that the domestic economy
of the trade, hotels and restaurants, transport and contracted by 9.6 percent in 2020 and would recover
communications, construction and manufacturing to growth of 8.6 percent in 2021. Even with recovery
06 Bank of Botswana
in 2021, the contraction in 2020 equates, the third quarter of 2020 compared to the projections are fraught with uncertainty
approximately, to a two-year loss of second quarter given the gradual easing with respect to the possible resurgence
growth in output. of COVID-19 movement restrictions from in infections and uncertain availability and
that period, and the significant increase in distribution of a COVID-19 vaccine. A
The disparity in forecasts attest to the Debswana production in the second half similar pattern of developments pertains
challenges of making forward projections compared to the first half of the year. regarding Botswana.
when there is uncertainty about the
duration of constrained economic At its meeting, the MPC, recognised that
activity, the resultant adverse impact on the short-term adverse developments
productive capacity, as well as the speed
2021 MPC DATES in the domestic economy occur against
of resumption of production and pace of FEBRUARY 25, APRIL 29, JULY 17, a potentially supportive environment
recovery in demand. AUGUST 19, OCTOBER 21 including accommodative monetary
AND DECEMBER 2 conditions; reforms to further improve the
Broadly, the contraction in GDP reflected business environment; concerted efforts
the substantial curtailment of economic by government to mitigate the impact
activity due to the necessary measures Focusing on the economic activity in of COVID-19; as well as the anticipated
implemented to contain the spread of South Africa, the Governor indicated positive impact of the ERTP. These would
COVID-19 and safeguard human life, that, it remained subdued and the South generally augur well for economic activity
stated the Governor. The resultant African Reserve Bank projected GDP in the medium term.
decrease in global demand and disruption to contract by 8 percent in 2020, but to
in supply chains, as well as curtailed recover to a growth of 3 percent in 2021. Therefore, the MPC decided to continue
economic activity locally, had affected Global output was projected to contract with the accommodative monetary policy
several sources of economic growth by 4.4 percent in 2020 but to rebound stance and maintain the Bank Rate at
for Botswana. Notably, these include to 5.2 percent in 2021, anchored by 3.75 percent.
exports, such as minerals and tourism as better performance than anticipated for
well as non-food retail economic activity. the second quarter of 2020, a stronger The Bank stands ready to respond
performance in the third quarter, as well appropriately should the need arise.
Nonetheless, the economy was as immense policy support. However,
assessed to have performed better in the Governor stated that the recovery
BoB GOVERNOR
OFFICIALLY OPENS THE
BOTSWANA SAVINGS BANK
BRANCH IN HUKUNTSI
“Financial inclusion important for underserved communities”
The opening of the Hukuntsi branch is provision of convenient access to banking Financial inclusion has, at a minimum,
expected to have a huge beneficial impact services in towns and villages, while four elements; namely: access to a
to the inhabitants of the area, many of meeting commercial objectives. savings account, credit, insurance, and
whom have historically had little or no facilitation of payments at reasonable
access to formal financial services. The The Governor emphasised that access to cost and minimal impediments. The
Hukuntsi branch, is the first permanent banking and financial services eases the ultimate objective is for such access to
physical branch of any bank in Hukuntsi ability to meaningfully pursue economic add economic value in terms of increase
and the surrounding Matsha villages. activities that are desirable for individual in welfare and living standards for the
welfare enhancement, employment individual, the community and the broader
Speaking at the opening ceremony, the creation, raising living standards, and, economy.
Governor of Bank of Botswana, Mr. Moses hence, sustainable national economic
Pelaelo, stated that the Hukuntsi branch development. Financial inclusion is Governor Pelaelo stated that “It is evident
is a clear demonstration of commitment part of the United Nations Sustainable that being financially excluded or lack of
and forward-looking business strategy on Development Goals number 8 on Decent convenient access to financial services
the part of BSB towards expansion and Work and Economic Growth. could otherwise be debilitating and
07
Opening the Botswana Savings Bank in Hukuntsi cont...
of trust; hence greater use of financial
services.
Botswana Savings Bank is a wholly
owned Botswana Government entity
which was established by an Act of
Parliament in 1992, with the mandate
to mobilise affordable financial services,
mostly savings. It grants loans on
commercial terms and provides efficient
banking and financial services to meet
the needs of the rural and urban dwellers
in Botswana. The Chief Executive
Officer of BSB, Mr. Nixon Marumoloa,
concurred with the Governor about
the importance of financial inclusion,
stating that the BSB strategy is to
expand their services to areas that had
Bank of Botswana Gorvenor, Mr. Moses Pelaelo (right), officially opening no or limited banking services. Kgosi
Botswana Savings Bank (BSB) Hukuntsi branch, accompanied by BSB Deputy Merapelo Tshweneyagae of Hukuntsi
Board Chairman, Mr Thatayaone Gabaraane (left) glorified BSB for being the first bank
in the village, a welcome development
that will save the community money
constrain development and growth. That that the community should be aware
and travelling inconvenience to access
is, even with an abundance of resources of. This includes the susceptibility to
services in other villages.
in terms of land, livestock, labour, skills cybercrime, card fraud and identity
and ability, as well as public infrastructure theft. In this instance, such crime can
The event was attended by among
and services, their productivity and happen with speed, with wider reach
other dignitaries; Member of Parliament
benefit to society will be suboptimal in and impact, resulting in financial loss,
for Kgalagadi North Constituency,
the absence of cost-effective access to disable key processes and, potentially,
Honourable, Ms. Talita Monnakgotla;
financial services”. reduce public trust in the banking
Senior Government officials in Hukuntsi;
system. Customers, therefore, need to
Honourable Councillors; BSB Deputy
The Governor implored the Hukuntsi be vigilant in safeguarding their personal
Board Chairman and Board Members;
community to adapt and embrace the and account access credentials and in
BSB Chief Executive Officer and
new normal in order to enter or retain responding to unsolicited offers and
staff; Director of Banking Supervision
the financial inclusion status. Financial requests for personal information.
Department, Dr. Lesedi Senatla and Head
inclusion has been anchored on physical Such vigilance and risk awareness are
of Communications and Information
presence of institutions (brick and attributes of financial inclusion.
Services Division, Dr. Seamogano
mortar), such as the branch that is being
Mosanako; media practitioners; and
opened; payments instruments such as The Governor also outlined some of
other distinguished guests.
cheques, banknotes and coin; paper the key enabling factors for effective
statements of account, passbooks and financial inclusion. These include the
agreements; as well as personal contact provision of infrastructure such as
between a customer and a bank official. wi-fi mobile connectivity, digital or
While these channels and instruments electronic Omang, digital records, and
remain relevant and important in many key services to enable uninterrupted "The Governor stated that
respects, the advent of technology,
electronic means of payments, mobile
functioning of financial services to meet
service level assurances by banks/
traditional approaches to
money and other digital platforms vendors and expectations of customers. banking will over time,
offers greater opportunities for more The Governor also emphasised the likely disappear due to
lack of patronage and
efficient, adaptive and sustainable need for the financial sector policies,
means for provision of financial maintenance of macroeconomic and
services, particularly in the context of financial stability and effective regulation support, as the demand and
low-population density countries such
as Botswana.
and oversight to catalyse the growth
and patronage of financial services. In
supply of new approaches
addition, effective regulation fosters accelerate and become the
The Governor highlighted some of the
undesirable aspects that come with
sound governance, as well as prudent
and beneficial operations of financial
new normal."
digitilisation and financial technology institutions and, therefore, maintenance
08 Bank of Botswana
LONG SERVICE AWARDS
CELEBRATING
LONG SERVICE
In 2020, the Bank recognised the long service
of a total of 99 staff members and issued
them with Long Service Awards. These are
given to employees who have served the
Bank for a minimum of 10 continuous years
and thereafter every 5 years.
The Award is meant to reward loyal, long and continous service
to the Bank. In the year 2020, the recipients were as per the
below categories:
40 YEARS
OF SERVICE
(1980 - 2020)
ELIZABETH KOPELO THOMAS MASIMOLA
Banking Manager Protection Officer
Francistown Branch Protective Services
09
Long Service Awards cont...
35 YEARS
OF SERVICE
(1985 - 2020)
SETLHAKE REAITSANYE STELLA RAMOCHA REFILWE REBECCA
Senior Bank Examiner Head Cleaner TLHOPHANE
Banking Supervision Procurement and Property Management Procument Clerk
Procurement and Property
Management
TIBONE LISENDA KEALEBOGA SHALAULO KEADIMILWE MOATLATSI
Senior Accounts Assistant MASALILA Protection Officer
Finance Deputy Governor Francistown Branch
Governor's Office
MPHO RASEADIMO SEBONEGO PETER MASETE ELDA GOLEBECWE MOTSHABI
Senior Statistical Assistant Senior Accounts Assistant Senior Statistical Assistant
Communications and Information Finance (Retired) Communications and Information
Services Services
10 Bank of Botswana30 YEARS
OF SERVICE
(1990 - 2020)
MOSES PELAELO GABOTHUSE LEKONE AMELIA SADI SEITSHIRO
Governor Senior Accounts Assistant Senior Statistical Assistant
Governor's Office Finance Research and Financial Stability
UTLWANANG DIMPE MMAPULA MOTSWAGAE KGOMOTSO NTSATSI
Senior Bank Examiner Senior Accounts Assistant Deputy Director
Banking Supervision Finance Payments and Settlement
11Long Service Awards cont...
25 YEARS
OF SERVICE
(1995 - 2020)
KEBUALEMANG SEKONYE DORCUS TSHEPO MOSWEU LINDA LIDIAH KAPAYA
Currency Examiner Senior Settlement Assistant Administration Clerk
Francistown Branch Payments and Settlement Francistown Branch
MOSARWANA VIRGINIA BOIKHUTSO MHLABANO GEOFFREY SHIMA NCUBE
MARAMANE Currency Supervisor Principal Economist
Senior Financial Stability Analyst Francistown Branch Research and Financial Stability
Research and Financial Stability
ELIZABETH MMAFISH MOLEFI ENTLE MALEPA DITLETSE TSHIMOLOGO
Personal Assistant Protection Officer Protection Officer
Francistown Branch Protective Services Protective Services
12 Bank of Botswana25 YEARS
OF SERVICE
(1995 - 2020)
JANET ALETHAENG MOSAMAREA MALAAKGOSI BAITSHENYETSI MALELE
Senior Currency Examiner Banking Supervisor Currency Examiner
Francistown Branch Francistown Branch Francistown Branch
LORATO GRACE PETER BOIKANYO OBOTSANG SAMUEL MOISERAELE
Currency Examiner Protection Officer Protection Officer
Banking and Currency Protective Services Protective Services
RAYMOND ONTIRETSE GAEBOLAE DITIRWA EVELYN MOSETSANAGAPE
LOREKANG Administration Officer NTHEBOLANG
Protection Officer Francistown Branch Senior Banking Clerk
Protective Services Francistown Branch
13Long Service Awards cont...
25 YEARS
OF SERVICE
(1995 - 2020)
EVELYN BOITUMELO AMELIA DIAU KEFILWE LETSHOLO
MOGOGE Senior Verification Assistant Cleaner
Currency Examiner Financial Markets Procument and Property Management
Banking and Currency
MOTHIBEDI MOJEWA THANDEKILE NDEKE MOTLHANKA KENALEMANG
Protection Officer Currency Supervisor Protection Officer
Protective Services Banking and Currency Protective Services
MAKAPANE INNOCENT MOEMEDI PHETWE MOMPATI PHINEAS
MASUGE Deputy Director RAMAKOKO
Messenger Financial Markets Senior Banking Clerk
Francistown Branch Francistown Branch
14 Bank of Botswana25 YEARS
OF SERVICE
(1995 - 2020)
TSHOKOLOGO ALEX ITIRELENG PETER LATLHANG JOSEPHINE CHIURA
KGANETSANO Senior Financial Stability Analyst Currency Manager
Director Research and Financial Stability Banking and Currency (Retired)
Research and Financial Stability
CHIDZANI MOTHEBE BASHI BATSWELENG ALICE BOONE KGATHOLA
Cleaner Maintenance Assistant Deputy Director
Francistown Branch Procurement and Property Management Finance
DICHABA OLATOTSE SIPHIWE MATHENDELE BARULAGANYE SEITHAMO
Human Resources Officer Assistant Banking Manager Human Resources Officer
Human Resources Banking and Currency Human Resources
15Long Service Awards cont...
25 YEARS
OF SERVICE
(1995 - 2020)
ROSEMARY MANYAMA IDAH GADIBOTSILE PHADI CHOOKULA JIBICHIBI
Cleaner Technical Assistant Senior Protection Officer
Francistown Branch Information and Communications Francistown Branch
Technology
MARGRETMARY MUSHANGO MOGI KELAOTSWE LUKA LULU NGWAKOMONNYE
Deputy Director Messenger Senior Protection Officer
Internal Audit Services Secretariat Protective Services
MATSHIDISO PULE
Clerical Assistant
Francistown Branch
16 Bank of Botswana20 YEARS
OF SERVICE
(2000 - 2020)
ORAPELENG CHANANA DABUTHA SELEMA LEONARD OAITSE
MOSALAKGOTLA Protocol Officer SELEMA
Senior Protection Officer Secretariat Deputy Director
Protective Services Protective Services
STEPHEN NKONYANE ERNEST WADIKONYANA SITHEMBENI NTEBA
Protection Officer Senior Bank Examiner Messenger
Protective Services Banking Supervision Francistown Branch
GLADNESS NYONI MMAPULA MOTSHEGARE LILLIAN TLHOLWE
Deputy Director Senior Bank Examiner Human Resources Manager
Information and Communications Banking Supervision Human Resources
Technology
17Long Service Awards cont...
20 YEARS
OF SERVICE
(2000 - 2020)
BOKHANA KEORAPETSE DIMPHO THABO KERENG JUDITH KENEILWE SERIBE
MOTSHEWA Head Cleaner Senior Protection Officer
Principal Economist Francistown Branch Protective Services
Research and Financial Stability
BORESETSE MAISWE TSHOGANETSO MOLOKO BOITUMELO RAMODIMO
Senior Protection Officer Cleaner Cleaner
Protective Services Procurement and Property Management Procurement and Property Management
18 Bank of Botswana20 YEARS
OF SERVICE
(2000 - 2020)
KEDISALETSE MAKGORO CORDELLIA NEONYANA MOSEKI VINCENT GOLEBETSWE
Human Resources Assistant Planning and Budgeting Manager Banking Manager
Human Resources Finance Banking and Currency
MOOKETSA MOKUBE GODFREY MATHEATAU PATRICK LESOTLHO
Senior Dealer Security Technician Payment Systems Manager
Financial Markets Protective Services Payments and Settlement
GOITSEONE RAMARETLWA FRANCIS MOATSHE
Personal Assistant Driver
Internal Audit Services Protective Services
19Long Service Awards cont...
15 YEARS
OF SERVICE
(2005 - 2020)
POWELL MOKGWENG TLAMELO NTABENG MERCY BONNIE BOIKANYO
Systems Manager Protection Officer Protection Officer
Information and Communications Protective Services Protective Services
Technology
OMPHILE TESELETSO MOGOMOTSI THOMAS KEAMOGETSE RAMADI
Cleaner Portfolio Analyst Economist
Procument and Property Management Financial Markets Communications and Information
Services
GOFAMODIMO MAGOSI LEONARD NNETE MOHUMI KENEILWE
Assistant Settlement Manager SETSHEGETSO SEOKAMO
Payments and Settlement Principal Economist Senior Economist
Research and Financial Stability Research and Financial Stability
20 Bank of Botswana15 YEARS
OF SERVICE
(2005 - 2020)
10 YEARS
OF SERVICE
(2010 - 2020)
RAPHAEL KGETHE KABELO KAIZER PHILLIP BOWE
Senior Bank Examiner DIMMERE Maintenance Supervisor
Banking Supervision Senior Protection Officer Procurement and Property Management
Protective Services
Drivers Accident Free Award
DRIVERS This Award goes to Drivers
ACCIDENT who have not been involved in
FREE any road traffic accident while
AWARD in charge of a Bank vehicle
during the year. The Protective
Services Department submits the names of those
who qualify on an annual basis. The 2020 recipients
GOEFAONE KELENTSE MOTHUSI LETSEBE are as follows: Mr. Baaitse Maboko, Mr. Ronald
Senior Protection Officer Maintenance Assistant Modise, Mr. Francis Moatshe, Mr. Mogogi Gagobepe
Protective Services and Mr. Phenyo Nkgelepang.
Procurement and
Property Management
Security Award for
SECURITY Best Kept Residence
AWARD FOR The Award is based on the
BEST KEPT general upkeep of the gardens,
RESIDENCE the grounds, lay-out of gardens
and cleanliness of the house, and
particularly, the bathroom, toilets and kitchens. It is also
based on the overall maintenance of the residence, i.e.
absence of broken windowpanes, etc. To achieve this,
the Bank has assigned employees, for both Francistown
and Gaborone, to conduct inspections of the houses/
DANIEL RAMATSIPELE
residences and make recommendations of nominees.
Maintenance Assistant
The 2020 recipients are as follows: Ms. Lebogang
Francistown Branch Nthebolang, Ms. Lesedi Mpolokang, Ms. Irene Pelaelo,
Mr. Tlamelo Ntabeng, Mr. Sechele Phaladi and Ms. Tiny
Sebe Sue.
21GROUP AWARDS:
BUSINESS CONTINUITY
MANAGEMENT TEAM
Richard Nlebesi
COO - Team Leader - BCMT The Bank’s Resilience Champion!
T
he Group Award is given to a Task was due to the tireless efforts of the • Review and activation of the
Force or a Department which BCMT, ably led by the Chief Operating Business Continuity and Recovery
has performed consistently Officer (COO). Plans and Teams to ensure
and exceptionally during the continuity of mission critical Bank
year to achieve a specific objective. In this regard, the Bank maintained a services and products;
In 2020, this Award was snatched by resilience posture, steadfastly working • Timely availability of localised
the Business Continuity Management through the first and subsequent travel permits to staff working
Team (BCMT). The Governor lockdowns. A Business Recovery during the lockdowns;
recognised the Team’s sterling Plan was in place to guide recovery of • Employment of Temporary Nurses
performance in ensuring continuity of processes when lockdowns were lifted. for screening of staff/visitors
the Bank’s critical business operations before accessing Bank buildings
during the COVID-19 pandemic. The BCMT supported and guided • Employment of Temporary Cleaners
implementation of the solutions in line to augment existing Cleaners for
The BCMT is a committee comprising with the State of Emergency laws, thorough and deep cleaning;
22 staff members, mostly at issued from time to time, during this • Fumigation of Bank facilities
Deputy Director level from all Bank unchartered journey that curtailed the • Introduction of Shift Work/Working
Departments. The BCMT is a tactical freedoms that the human race has from Home strategy;
advisory committee whose purpose taken as granted. • Procurement of sanitisers and
is to ensure enhanced business personal protective equipment
continuity/resilience of the Bank’s The response of staff has been stellar, (PPE) for staff;
mission critical processes and with everyone digging deep into • Erection of security booths perspex
systems, and their dependencies even themselves to fulfil the Bank’s critical barriers to protect the Protective
during crisis situations. services while complying with the Services staff as front liners;
COVID-19 containment measures. • Availability of counseling services
At the beginning of the year 2020, Some of the strategies rolled out include: to manage trauma among staff
the Business Continuity Management • Continous communication and
Team (BCMT) anticipated the advent of • Review of the Pandemic Response information updates to staff;
COVID-19 virus infections locally. The Plan by January 31, 2020; • Provision of quarantine services,
virus was declared a pandemic by the • Introduction of external travel where necessary;
World Health Organisation in March restrictions for staff, cancellation of • Sick leave extension for prolonged
2020, and shortly, thereafter, detected hosting of external visitors and group confinement and/or hospitalisation
in Botswana. When the first lockdown hosting activities by March 2020; for COVID-19 pandemic related
was announced in April 2020, the Bank • Distribution of sanitisers, masks, ailments;
stood ready to respond and established and COVID -19 virus information • Implementation of Social Distancing
Pandemic Response and COVID-19 pack to the SADC CCBG IT Protocols on Bank premises.
Business Continuity Plans. Subcommittee meeting attendees
hosted by the Bank at Kasane in
The plans ensured that the Bank's February 2020;
critical products and services continued • Replacement of face-to-face
to be provided within a workplace that meetings with online meetings
was as safe as practically possible. This (Microsoft Teams)
22 Bank of BotswanaMY CAREER PATH
Rachel Tshephe
"You alone are the judge of your
worth and your goal is to discover
infinite worth in yourself, no
matter what anyone else thinks"
by Deepark Chopra.
I
joined the Bank on May 12, 1976, other duties at the time. However,
after completing my Secondary after the recruitment started, I was
School in 1975. During those positioned as Clerk Grade II, in the
years, it was fashionable to dress Banking Unit of the then Operations
up and visit the mall and I remember Department responsible for data
at the time there were only two malls, capturing (Ledgers and Salaries).
the Main Mall and African Mall. At the
time, I had come to check a friend I worked in different departments
at their jewellery shop, only to hear such as Forex (Financial Markets
about a new bank that was about Department), Accounting (Finance
to open. After enquiring about its Department) and Administration
whereabouts, I went to the Embassy (Human Resources Department)
Chambers Building. On arrival, I in the Budget Section, but later
met a Secretary whom I told I was went back to Banking and Currency
looking for a job and she referred me Department, where I work as a Senior
to one Mr. Freyer. Mr. Freyer was Banking Clerk.
surprised; he laughed and took me
to the Administration Officer where I had a dream career path I wanted
I repeated what I said to him. I was
WORD OF ENCOURAGEMENT
to follow but as fate would have it, I
Education is the key, but the mistake
told that I had to apply, but I insisted ended up in my second best dream
most people make is that after
I be shown what to do, where to sit career, banking. At the time I was
obtaining the qualification, they think
and do the job. I was then given some thinking of commercial banks; there
the certificate will do the job for them;
forms to take to the doctor for medical was no central bank in Botswana.
this is a big no!!! The qualification
examinations and on bringing back the I thank God Almighty everyday for
only helps you to understand and do
results, I was told to come to work the opening Bank of Botswana doors for
your job better; put it in the drawer
following week on Wednesday, but I me, for I never regretted being part of
and “bereka”. One other thing: read
told them that I will come on Monday this great institution.
and understand the Conditions of
as Wednesday was too far as I was
Service.
afraid that they may give someone During my time in the Bank, I attended
else my job. They, however, assured many courses/workshops; in-house,
me of the job. local and international sponsored by
the Bank. I also embarked on personal
After my employment, the Bank development by studying Certificate
soon relocated from the Embassy in Accounting and Business Studies
Chambers to its new building. When (CABS) (University of Botswana) and
I started my job, positions were not Intermediate Diploma in Banking with
yet established and there were no job Botswana Institute of Bankers (BIOB).
descriptions, so I ended up operating
a switchboard, filing and doing any
23BEHIND THE BANK
BEHIND THE BANK
Dr. Kganetsano joined the Bank in responsibility for professional and
1995 as an Assistant Research Officer strategic leadership of the Department.
in the then Research Department Dr Kganetsano graduated with a
(now Research and Financial Stability Bachelor of Economics Degree
Department). He was redesignated from the University of Botswana in
Research Officer in 1998 and promoted 1995, a Post Graduate Diploma in
to Senior Research Officer in 2002. In Financial Economics in 1997 from
2009, Dr Kganetsano was transferred the University of London and, in
on promotion to the Financial Markets 1999, a Master of Science Degree
Department as Manager, Open Market in Economics and Finance from
Operations and, in 2013, he was the University of Warwick, United
transferred to the Banking Supervision Kingdom. Dr Kganetsano obtained a
Department as Deputy Director. PhD in Economics from Loughborough
University, United Kingdom in 2007.
Dr. Kganetsano was appointed Director, During his career in the Bank, Dr
Research and Financial Stability Kganetsano has attended several
Department in March 2017, with short-term professional central banking
responsibility for providing economic, courses as well as management and
monetary and statistical analysis and leadership development programmes
DR. KGANETSANO APPOINTED policy recommendations in the areas of including the Advanced Management
DEPUTY GOVERNOR monetary and exchange rate policies as Development Programme at Oxford
well as promotion of financial stability. University, United Kingdom.
His Excellency The President Dr. During the period, among others, he was
Mokgweetsi Masisi has appointed a member of the Monetary Policy and Dr. Kganetsano will be on secondment
Dr Tshokologo Alex Kganetsano to Executive Committees of the Bank and, to the International Monetary Fund
the position of Deputy Governor of in general, served as the administrative (IMF) African Department under the
the Bank of Botswana with effect head of the Research and Financial Special Appointee Programme for
from February 5, 2021. Stability Department with overarching one-year from February 8, 2021.
GONAYA BASUTLI JOINS IMF was further promoted to Principal
Economist in 2017, in the Research
Ms. Gonaya Basutli (Principal and Financial stability Department, a
Financial Stability Analyst, Research position she still holds as she joins the
and Financial Stability Department) IMF. Ms. Basutli has attended various
has joined, on January 11, 2021, the job-related inhouse and external
Africa Group I Constituency Executive courses and seminars, in institutions
Director’s Office as an Advisor, for an such as, Joint Africa Institute, MEFMI,
initial period of two years. International Monetary Fund (IMF), to
mention a few.
Ms. Gonaya Basutli joined the Bank
in 2003 as a Trainee Economist in Ms Basutli holds a Bachelor of
the then Research Department, Economics degree obtained from the
following her graduation from the University of Botswana (2003) and an
University of Botswana. In 2005 MSc in Economics from the University
she was re-designated Economist, of Leicester (2009).
still in the Research Department.
She was transferred on promotion
in 2012, to Senior Economist in the
then Financial Stability Division. She
24 Bank of Botswana2020 BoB HIGHLIGHTS
His Excellency, The President, Dr. Mokgweetsi Masisi,
meeting with the Deputy Managing Director (DMD)
of IMF, Mr. Tao Zhang and BoB Governor, Mr. Moses
Pelaelo, during the DMD's visit to Botswana.
Chanana Dabutha, Protocol Officer, ushering guests
during a conference in Kasane.
Registration of Cabinet Ministers in compliance with
COVID-19 protocols. Minister of Basic Education,
Rapporteurs (from left) Esther Mpete, Innocent Hon. Fedilis Molao registering his details with one of
Molalapata, and Baby Mogapi at a conference in Kasane. the Bank's Heatlh officials.
Journalists during the (MPC) Media Briefing on December 3, 2020.
252020 Highlights cont... Deputy Governor, Andrew Motsomi, Sunday Standard journalist Mr. Seitshiro, during the December 2020 (MPC) during one of the 2020 Monetary Policy Farewell Ms. Tsholofelo media briefing. Committee (MPC) media briefing. Motshidisi, Governor's Office. Ms. Ita Mary Mannathoko has been appointed to the position of Executive Director of the Africa Group 1 (AfG1) Constituency at the International Monetary Fund (IMF), in Washington DC, One of the attendees during the (MPC) media USA, effective November 1, 2020 to October 31, 2022. briefing, Mr. Mguni from Mmegi. Part of the BoB Change Agents for the PulaThebe Project. 26 Bank of Botswana
Always wear
a mask
Frequently
Sanitise your
sanitize or wash your
hands with soap
Sanitise your
environment or
your work area
frequently
Observe social
distancing at all times
Avoid unnecessary movements
Avoid sharing personal items
Protect your loved ones by making
sure everyone follows guidelines!
27A new version of the polymer P10 banknote is entering circulation.
NEW P10
NEW P10 BANKNOTE
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is entering
version circulation.
of the banknote,
version ofthat
it is important
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that
IN CIRCULATION
IN CIRCULATION the
the
new
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public
public knowsThe
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what
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check authenticity
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be withdrawnoffrom
be withdrawn from
new banknote.
of the
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FRONT
FRONT
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22
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Physical Address 17938, Khama
Crescent, Gaborone, Botswana 9597
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Francistown, Botswana
Private Bag F212
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Botswana
Telephone: 360 6000
Telephone: 241 0450 / 240 0400
Botswana Road; Plot 764/5, Visit: www.bankofbotswana.bw
Main Mall (Former BTC Offices) Email:info@bob.bw / comms@bob.bw
11 22 3 3 4 4 5 5 6 6
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www.bankofbotswana.bw | © Bank of Botswana
© Bank 2020
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