It is an honour and privilege to have been invited to be part of this important event and officiate at the opening of the Sir Seretse Khama International Airport Branch of Standard Chartered Bank. The opening of this branch is yet another testimony to Standard Chartered Bank’s Brand Promise of being “Here for Good and Here for Africa”.
It is indeed a practical demonstration of commitment towards providing convenient access to banking services, in support of economic development, employment creation, financial inclusion and, more broadly, financial sector development in Botswana.
Let me, therefore, start by thanking the Board of Directors, Chief Executive Officer, Management and Staff of Standard Chartered Bank for the bank’s continued support and investment in the economy and the people of Botswana. Your efforts, in this regard, are highly commendable.
I can only hope that, this is a good sign; that in my new role as Governor of the Bank of Botswana, there will be many more new Standard Chartered facilities to which I will be invited, preferably in remote areas of Botswana, as well.
Standard Chartered Bank has had a long term relationship with this country. It first opened its doors to the public in 1897, and by the 1960’s, the bank had established branches in Lobatse, Mahalapye and Gaborone. Therefore, while Botswana has just attained 50 years of independence, Standard Chartered looks towards 120-year anniversary in 2017.
Since its inception, the bank has grown in terms of asset base, deposit and advances and, to-date, it is among the four largest banks in Botswana. The bank employs approximately 800 Batswana and operates a network of 20 branches and sub-branches inclusive of the new branch, as well as 68 Automated Teller Machines (ATMs) throughout the country.
I am reliably informed that as recently as 2015, the Standard Chartered Bank Group committed USD1.5 billion towards technology infrastructure over three (3) years with an emphasis on mobile and digital platforms, with these innovative offerings being offered here in Botswana as they are for the rest of the Group.
This commitment saw the bank being awarded the “Best Global Consumer Digital Bank” by Global Finance for the sixth successive year. I am also informed that at the same awards ceremony in London, the bank further emerged as the Best Global Consumer Mobile Banking; Best Global Consumer Mobile Banking App; Best Global Information Security Initiatives; and Best Consumer Digital Bank Middle East and Africa. I take this opportunity to commend Standard Chartered Bank for these laudable achievements.
A major development challenge for many countries in the region is that the financial markets are fragmented and a large number of people do not have cost-effective access to financial services. For example, the Botswana Finscope Survey of 2014 indicates that even though Botswana has made significant progress in resolving the issue of access to basic financial services, there is still room for improvement.
The survey found that formal access to financial services stands at 68 percent, with most segments of the population having broad access to financial services; 46 percent of adults use more than one product category such as savings, credit, insurance and payments, while 24 percent of the population are completely excluded mainly in the lower income, rural and remote areas.
The main policy objective of the financial inclusion agenda is to “improve household welfare, increase economic efficiency and support economic growth” by increasing outreach. This can be achieved through several means. First, besides opening branches outside urban and semi-urban areas, banks can also take advantage of opportunities provided by technological advancements to offer affordable on-line products and services.
Second, banks can also make significant investments in infrastructure and staff to mobilise resources for further expansion to reach the unbanked. Third, there is no doubt that user-friendly and cost-effective information and communication products and platforms play an important role in broadening safe and secure access to financial services. In this regard, financial literacy and public education are paramount.
It is undeniable that communications infrastructure, especially mobile money and efficient payment systems, play a significant role in financial inclusion. It has also been established that financial inclusion promotes economic development and is a major tool for economic empowerment, especially of women.
Therefore, public policy will continue to focus on fostering broader access to financial services by building on well-functioning mobile money technologies and a more cost-effective access to payments and financial messaging infrastructure in order to promote inclusive growth.
The opening today of this branch here at Sir Seretse Khama International Airport, I am told the first bank to open a full-fledged branch post the refurbishment of the airport, will no doubt be an important public infrastructure; making banking more accessible and convenient to customers as they enter into and leave the City of Gaborone.
Furthermore, I have no doubt that this facility which, I am told, will offer world class banking facilities, will support both the country’s tourism objectives and the ambition of the airport authorities to welcome visitors from across the globe.
I am assured that this will be indeed the case as the branch will offer the complete suite of banking services including: Personal Banking, Internet Banking, Priority Banking and a 24 hour ATM that offers South African Rand withdrawals.
Another matter of serious concern in today’s banking world is the fast-growing problem of cybercrime. The internet and other digital platforms have provided capabilities and opportunities that have transformed many business activities, resulting in much faster, easier and cheaper execution and conclusion of transactions.
However, the same platforms have provided criminals with new opportunities and fertile ground to pursue unlawful businesses, such as cybercrime.
You will readily agree that the corrosive effect of such criminal acts, including card fraud and identity theft, can discourage members of the public from entrusting their savings with banks; this could undermine public confidence and trust in the banking system.
Cybercrime and other forms of fraud also impose a financial cost on the economy as banks and customers have to allocate large amounts of human and financial resources on preventative measures.
That is why the Bank of Botswana has implored banks to have robust and effective corporate governance frameworks, sound risk management and internal control systems as well as ensure compliance with best international standards for combating such criminal activities; and build resilience to withstand any threats that could arise from internal or external sources.
In this regard, I wish to commend Standard Chartered Bank for consistently complying with regulatory and corporate governance issues, thus fulfilling the fiduciary responsibility bestowed on the Board and Management of banks, by the banking license to operate in a prudent, safe and sound manner.
Standard Chartered Bank has also undertaken highly visible social responsibility programmes and has also given back directly to the community through its community investment initiatives. The bank’s Global community investment programme – Seeing is Believing – has taken the task of tackling avoidable blindness across the globe.
I am informed that, since 2003, over 100 million people have been helped through the programme. In Botswana, the programme recently concluded a 3-year P4 million project with the Ministry of Health and Wellness and Addenbrooks Abroad called Pono le Tlotlo.
The programme saw the establishment of testing centres strategically located across the country with a particular focus on testing children, the elderly and those with diabetes. Furthermore, the bank’s employee volunteering programme sees staff members devoting their time to supporting community initiatives of their choice and has seen contributions made to schools across the country. These are commendable efforts, indeed.
Official opening of Standard Chartered Bank Sir Seretse Khama International Airport Branch by Governor of the Bank of Botswana, Mr Moses Pelaelo
Parliament was this week once again seized with matters that concern them and borders on conflict of interest and abuse of privilege.
The two matters are; review of MPs benefits as well as President Mokgweetsi Masisi’s participation in the bidding for Banyana Farms. For the latter, it should not come as a surprise that President Masisi succeeded in bid.
The President’s business interests have also been in the forefront. While President Masisi is entitled as a citizen to participate in a various businesses in the country or abroad, it is morally deficient for him to participate in a bidding process that is handled by the government he leads. By the virtue of his presidency, Masisi is the head of government and head of State.
Not long ago, former President Festus Mogae suggested that elected officials should consider using blind trust to manage their business interests once they are elected to public office. Though blind trusts are expensive, they are the best way of ensuring confidence in those that serve in public office.
A blind trust is a trust established by the owner (or trustor) giving another party (the trustee) full control of the trust. Blind trusts are often established in situations where individuals want to avoid conflicts of interest between their employment and investments.
The trustee has full discretion over the assets and investments while being charged with managing the assets and any income generated in the trust.
The trustor can terminate the trust, but otherwise exercises no control over the actions taken within the trust and receives no reports from the trustees while the blind trust is in force.
Botswana Democratic Party (BDP) Secretary General, Mpho Balopi, has defended President Masisi’s participation in business and in the Banyana Farms bidding. His contention is that, the practise even obtained during the administration of previous presidents.
The President is the most influential figure in the country. His role is representative and he enjoys a plethora of privileges. He is not an ordinary citizen. The President should therefore be mindful of this fact.
We should as a nation continue to thrive for improvement of our laws with the viewing of enhancing good governance. We should accept perpetuation of certain practices on the bases that they are a norm. MPs are custodians of good governance and they should measure up to the demands of their responsibility.
Parliament should not be spared for its role in countenancing these developments. Parliament is charged with the mandate of making laws and providing oversight, but for them to make laws that are meant solely for their benefits as MPs is unethical and from a governance point of view, wrong.
There have been debates in parliament, some dating from past years, about the benefits of MPs including pension benefits. It is of course self-serving for MPs to be deliberating on their compensation and other benefits.
In the past, we have also contended that MPs are not the right people to discuss their own compensation and there has to be Special Committee set for the purpose. This is a practice in advanced democracies.
By suggesting this, we are not suggesting that MP benefits are in anyway lucrative, but we are saying, an independent body may figure out the best way of handling such issues, and even offer MPs better benefits.
In the United Kingdom for example; since 2009 following a scandal relating to abuse of office, set-up Independent Parliamentary Standards Authority (IPSA)
IPSA is responsible for: setting the level of and paying MPs’ annual salaries; paying the salaries of MPs’ staff; drawing up, reviewing, and administering an MP’s allowance scheme; providing MPs with publicly available and information relating to taxation issues; and determining the procedures for investigations and complaints relating to MPs.
Owing to what has happened in the Parliament of Botswana recently, we now need to have a way of limiting what MPs can do especially when it comes to laws that concern them. We cannot be too trusting as a nation.
MPs can abuse office for their own agendas. There is need to act swiftly to deal with the inherent conflict of interest that arise as a result of our legislative setup. A voice of reason should emerge from Parliament to address this unpleasant situation. This cannot be business as usual.
The 490-hectare campus researches the world’s deadliest pathogens, including Anthrax (in 1944, the Roosevelt administration ordered 1 million anthrax bombs from Fort Detrick), Ebola, smallpox, and … you guessed right: coronaviruses. The facility, which carries out paid research projects for government agencies (including the CIA), universities and drug companies most of whom owned by the highly sinister military-industrial complex, employs 900 people.
Between 1945 and 1969, the sprawling complex (which has since become the US’s ”bio-defence centre” to put it mildly) was the hub of the US biological weapons programme. It was at Fort Detrick that Project MK Ultra, a top-secret CIA quest to subject the human mind to routine robotic manipulation, a monstrosity the CIA openly owned up to in a congressional inquisition in 1975, was carried out. In the consequent experiments, the guinea pigs comprised not only of people of the forgotten corner of America – inmates, prostitutes and the homeless but also prisoners of war and even regular US servicemen.
These unwitting participants underwent up to a 20-year-long ordeal of barbarous experiments involving psychoactive drugs (such as LSD), forced electroshocks, physical and sexual abuses, as well as a myriad of other torments. The experiments not only violated international law, but also the CIA’s own charter which forbids domestic activities. Over 180 doctors and researchers took part in these horrendous experiments and this in a country which touts itself as the most civilised on the globe!
Was the coronavirus actually manufactured at Fort Detrick (like HIV as I shall demonstrate at the appropriate time) and simply tactfully patented to other equally cacodemonic places such as the Wuhan Institute of Virology in China?
THE FORT DETRICK SCIENTISTS’ PROPHECY WAS WELL-INFORMED
About two years before the term novel coronavirus became a familiar feature in day-to-day banter, two scientist cryptically served advance warning of its imminence. They were Allison Totura and Sina Bavari, both researchers at Fort Detrick.
The two scientists talked of “novel highly pathogenic coronaviruses that may emerge from animal reservoir hosts”, adding, “These coronaviruses may have the potential to cause devastating pandemics due to unique features in virus biology including rapid viral replication, broad host range, cross-species transmission, person-to-person transmission, and lack of herd immunity in human populations … Associated with novel respiratory syndromes, they move from person-to-person via close contact and can result in high morbidity and mortality caused by the progression to acute respiratory distress syndrome (ARDS).”
All the above constitute some of the documented attributes and characteristics of the virus presently on the loose – the propagator of Covid-19. A recent clinical review of Covid-19 in The Economist seemed to bear out this prognostication when it said, “It is ARDS that sees people rushed to intensive-care units and put on ventilators”. As if sounding forth a veritable prophecy, the two scientists besought governments to start working on counter-measures there and then that could be “effective against such a virus”.
Well, it was not by sheer happenstance that Tortura and Bavari turned out to have been so incredibly and ominously prescient. They had it on good authority, having witnessed at ringside what the virus was capable of in the context of their own laboratory. The gory scenario they painted for us came not from secondary sources but from the proverbial horse’s mouth folks.
CDC’S RECKLESS ADMISSION
In March this year, Robert Redfield, the US Director for the Centre for Disease Control and Prevention (CDC), told the House of Representatives’ Oversight Committee that it had transpired that some members of the American populace who were certified as having died of influenza turned out to have harboured the novel coronavirus per posthumous analysis of their tissue.
Redfield was not pressed to elaborate but the message was loud and clear – Covid-19 had been doing the rounds in the US much earlier than it was generally supposed and that the extent to which it was mistaken for flu was by far much more commonplace than was openly admitted. An outspoken Chinese diplomat, Zhao Lijian, seized on this rather casual revelation and insisted that the US disclose further information, exercise transparency on coronavirus cases and provide an explanation to the public.
But that was not all the beef Zhao had with the US. He further charged that the coronavirus was possibly transplanted to China by the US: whether inadvertently or by deliberate design he did not say. Zhao pointed to the Military World Games of October 2019, in which US army representatives took part, as the context in which the coronavirus irrupted into China. Did the allegation ring hollow or there was a ring of truth to it?
THE BENASSIE FACTOR
The Military World Games, an Olympic-style spectrum of competitive action, are held every four years. The 2019 episode took place in Wuhan, China. The 7th such, the games ran from October 18 to October 27. The US contingent comprised of 17 teams of over 280 athletes, plus an innumerable other staff members. Altogether, over 9000 athletes from 110 countries were on hand to showcase their athletic mettle in more than 27 sports. All NATO countries were present, with Africa on its part represented by 30 countries who included Botswana, Egypt, Kenya, Zambia, and Zimbabwe.
Besides the singular number of participants, the event notched up a whole array of firsts. One report spelt them out thus: “The first time the games were staged outside of military bases, the first time the games were all held in the same city, the first time an Athletes’ Village was constructed, the first time TV and VR systems were powered by 5G telecom technology, and the first use of all-round volunteer services for each delegation.”
Now, here is the clincher: the location of the guest house for the US team was located in the immediate neighbourhood of the Wuhan Seafood Market, the place the Chinese authorities to this day contend was the diffusion point of the coronavirus. But there is more: according to some reports, the person who allegedly but unwittingly transmitted the virus to the people milling about the market – Patient Zero of Covid-19 – was one Maatie Benassie.
Benassie, 52, is a security officer of Sergeant First Class rank at the Fort Belvoir military base in Virginia and took part in the 50-mile cycling road race in the same competitions. In the final lap, she was accidentally knocked down by a fellow contestant and sustained a fractured rib and a concussion though she soldiered on and completed the race with the agonising adversity. Inevitably, she saw a bit of time in a local health facility. According to information dug up by George Webb, an investigative journalist based in Washington DC, Benassie would later test positive for Covid-19 at the Fort Belvoir Community Hospital.
Incidentally, Benassie apparently passed on the virus to other US soldiers at the games, who were hospitalised right there in China before they were airlifted back to the US. The US government straightaway prohibited the publicising of details on the matter under the time-honoured excuse of “national security interests”, which raised eyebrows as a matter-of-course. As if that was not fishy enough, the US out of the blue tightened Chinese visas to the US at the conclusion of the games.
The rest, as they say, is history: two months later, Covid-19 had taken hold on China territory. “From that date onwards,” said one report, “one to five new cases were reported each day. By December 15, the total number of infections stood at 27 — the first double-digit daily rise was reported on December 17 — and by December 20, the total number of confirmed cases had reached 60.”
TWO CURIOUS RESEARCH HALTINGS
Is it a coincidence that all the US soldiers who fell ill at the Wuhan games did their preparatory training at the Fort Belvoir military base, only a 15-minutes’ drive from Fort Detrick?
That Fort Detrick is a plain-sight perpetrator of pathogenic evils is evidenced by a number of highly suspicious happenings concerning it. Remember the 2001 anthrax mailing attacks on government and media houses which killed five people right on US territory? The two principal suspects who puzzlingly were never charged, worked as microbiologists at Fort Detrick. Of the two, Bruce Ivins, who was the more culpable, died in 2008 of “suicide”. For “suicide”, read “elimination”, probably because he was in the process of spilling the beans and therefore cast the US government in a stigmatically diabolical light. Indeed, the following year, all research projects at Fort Detrick were suspended on grounds that the institute was “storing pathogens not listed in its database”. The real truth was likely much more reprehensible.
In 2014, there was a mini local pandemic in the US which killed thousands of people and which the mainstream media were not gutsy enough to report. It arose following the weaponisation at Fort Detrick of the H7N9 virus, prompting the Obama administration to at once declare a moratorium on the research and withdraw funding.
The Trump administration, however, which has a pathological fixation on undoing practically all the good Obama did, reinstated the research under new rigorous guidelines in 2017. But since old habits die hard, the new guidelines were flouted at will, leading to another shutdown of the whole research gamut at the institute in August 2019. This, nonetheless, was not wholesale as other areas of research, such as experiments to make bird flu more transmissible and which had begun in 2012, proceeded apace. As one commentator pointedly wondered aloud, was it really necessary to study how to make H5N1, which causes a type of bird flu with an eye-popping mortality rate, more transmissible?
Consistent with its character, the CDC was not prepared to furnish particulars upon issuing the cease and desist order, citing “national security reasons”. Could the real reason have been the manufacture of the novel coronavirus courtesy of a tip-off by the more scrupulous scientists?
President Mokgweetsi Masisi may have breathed a huge sigh of relief when he emerged victorious in last year’s 2019 general elections, but the ultimate test of his presidency has only just begun.
From COVID-19 pandemic effects; disenchanted unemployed youth, deteriorating diplomatic relations with neighbouring South Africa as well as emerging instability within the ruling party — Masisi has a lot to resolve in the next few years.
Last week we started an unwanted cold war with Botswana’s main trade partner, South Africa, in what we consider an ill-conceived move. Never, in the history of this country has Botswana shown South Africa a cold shoulder – particularly since the fall of the apartheid regime.
It is without a doubt that our country’s survival depends on having good relations with South Africa. As the Chairperson of African National Congress (ANC), Gwede Mantashe once said, a good relationship between Botswana and South Africa is not optional but necessary.
No matter how aggrieved we feel, we should never engage in a diplomatic war — with due respect to other neighbours— with South Africa. We will never gain anything from starting a diplomatic war with South Africa.
In fact, doing so will imperil our economy, given that majority of businesses in the retail sector and services sector are South African companies.
Former cabinet minister and Phakalane Estates proprietor, David Magang once opined that Botswana’s poor manufacturing sector and importation of more than 80 percent of the foodstuffs from South Africa, effectively renders Botswana a neo-colony of the former.
Magang’s statement may look demeaning, but that is the truth, and all sorts of examples can be produced to support that. Perhaps it is time to realise that as a nation, we are not independent enough to behave the way we do. And for God’s sake, we are a landlocked country!
Recently, the effects of COVID-19 have exposed the fragility of our economy; the devastating pleas of the unemployed and the uncertainty of the future. Botswana’s two mainstay source of income; diamonds and tourism have been hit hard. Going forward, there is a need to chart a new pathway, and surely it is not an easy task.
The ground is becoming fertile for uprisings that are not desirable in any country. That the government has not responded positively to the rising unemployment challenge is the truth, and very soon as a nation we will wake up to this reality.
The magnitude of the problem is so serious that citizens are running out of patience. The government on the other hand has not done much to instil confidence by assuring the populace that there is a plan.
The general feeling is that, not much will change, hence some sections of the society, will try to use other means to ensure that their demands are taken into consideration. Botswana might have enjoyed peace and stability in the past, but there is guarantee that, under the current circumstances, the status quo will be maintained.
It is evident that, increasingly, indigenous citizens are becoming resentful of naturalised and other foreign nationals. Many believe naturalised citizens, especially those of Indian origin, are the major beneficiaries in the economy, while the rest of the society is side-lined.
The resentfulness is likely to intensify going forward. We needed not to be heading in this direction. We needed not to be racist in our approach but when the pleas of the large section of the society are ignored, this is bound to happen.
It is should be the intention of every government that seeks to strive on non-racialism to ensure that there is shared prosperity. Share prosperity is the only way to make people of different races in one society to embrace each other, however, we have failed in this respect.
Masisi’s task goes beyond just delivering jobs and building a nation that we all desire, but he also has an immediate task of achieving stability within his own party. The matter is so serious that, there are threats of defection by a number of MPs, and if he does not arrest this, his government may collapse before completing the five year mandate.
The problems extend to the party itself, where Masisi found himself at war with his Secretary General, Mpho Balopi. The war is not just the fight for Central Committee position, but forms part of the succession plan.