Botswana Post and bank could merge

Botswana Post could merge with Botswana Savings Bank (BSB), according to media reports.
The merger, proposed in the Botswana Postal Act, is likely to be passed by the country’s parliament in July.

Legislation will see the Post provide banking services for under-banked and unbanked segments of the society.

Pele Moleta, director general of the parastatal, told Sunday Standard that the merger is expected to be concluded in 12 months.

“The majority of the citizens are in the areas that are either under banked or unbanked. BotswanaPost is in a better position of financial inclusion, looking at the larger footprint of the organisation, which is bigger than all the commercial bank branches,” he said.

Although the move will be seen by critics as allowing a government funded entity to enter the private sector terrain, Moleta explained the move will complement the banking industry, said Sunday Standard.

About The Author

Ian Taylor

Ian Taylor is the Editor of Triangle’s Mail & Express Review Magazine and the portal. Ian has been a business journalist for almost 30 years, editing and writing for a wide range of magazines and newspapers with a particular focus on the transport and logistics industries.

News Archive



Travel Money sponsored by First Rate Exchange Services


MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a a must-read for those who want the inside track on the industry.

P&P Poll


Which of the following delivery options do you see as the most popular for food and meals in the future?

Thank you for voting
You have already voted
Please select an option!

Pin It on Pinterest

Share This