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Mokgethi impressed by Limkokwing during campus visit

Minister of Nationality, Immigration and Gender Affairs: Annah Mokgethi

The Minister of Nationality, Immigration and Gender Affairs, Honorable Anna Mokgethi paid an official campus visit to Limkokwing University of Creative Technology, on Thursday 29th October where she stated how she was impressed by the prowess that the university carries when it comes to creativity, innovation and technology as well as issues of gender based violence.

The purpose of the visit was for the minister appreciate what the University stands for, engage with staff and students and establish collaborations which will be beneficial to all within the university and the community which is within her constitution in her capacity as Member of Parliament for Gaborone Bonnington North.

She also took time to discuss issues of compliance challenges as well as general welfare following the COVID-19 pandemic. The Minister’s campus visit started off with a tour of the University’s corporate walkthrough, followed by a tour of the students work exhibition.

She also had an opportunity to tour the University’s ecosystem including the University’s e-library, which is the biggest in the country, specialized digital, animation and architecture labs as well as the University’s Campus Radio where he was interviews live by students.

A visit to one of the lecture rooms saw Hon. Mokgethi walking into a Gender Based Violence Campaign Presentation by students much to her delight as a champion of the fight against GBV. She stated, “. Let me just say that I was gratified to witness an ongoing discussion on Gender based Violence during my campus tour.

As you all know GBV is very prevalent in our society, and I really want to commend you as a university for having seen it fit to play your role as institution of higher learning by incorporating the topic in your curriculum which I believe will have positive results in behavioral change of the community.

I was also impressed by the fact that we do not only have females involved, but we also have males involved. With our strategies, of involving men as part of finding the solution I am confident that we will win this fight and end GBV in our country. And I am extremely proud of what I saw and I am inspired.

The university prepared an official programme, where the student community representatives inclusive of students with special needs had an opportunity to share their experiences about the University with the Minister.

Speaking on behalf of students from 31 international countries currently enrolled in Limkokwing Botswana, Pearl Dikana from South Africa highlighted the university has proved to be a very hospitable home away from home for many of them, that has given them a chance to acquire skills that will help them contribute to their countries economies as Limkokwing is a respectable Global Brand present in 3 continents.

Limkokwing University mission states that the institution is committed to training industry relevant and ready graduates who can migrate seamlessly into the industry of choice. The University has coined the word INDUSITY, combining the words Industry and University to describe this innovative approach to education.

Through collaboration the University is able to work with the industry in unparalled ways in products or service innovation. The ability to respond professionally has attracted industry to collaborate on special projects to obtain fresh new angles to various economic issues.

This collaboration with industry has also been extended to government with the intention to build national competitiveness and the country’s global reputation through innovative design and effective branding. Students are given the opportunity to work on projects commissioned by the industry.

The collaboration between the university and the industry enables Limkokwing students to participate in projects working with industry professionals to output work that is used by industry to promote their projects and services.

Limkokwing University continues to attract active, vibrant and smart generation who are industry and future ready and are trained to think beyond employability upon graduation.

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GATA LE RONA Comes To Completion

6th September 2021
BPOPF

The Botswana Public Officers Fund (BPOPF) is now mandated by law to have pension fund administration and investment management conducted by independent licensed entities.

This means that these functions must be fully outsourced. This became necessary due to the enacting by Parliament of the Retirement Funds Act in 2014 (RFA Act) and the promulgation of subsidiary legislation governing the RFA Act by the Non-Bank Financial Institutions Regulatory Authority (NBIFIRA).

Therefore, the outsourcing project name coded Gata Le Rona journey comes to completion as the BPOPF hands over fund administration outsourcing services to NMG Administrators Botswana. NMG Administrators Botswana will be collecting contributions on behalf of the BPOPF, maintain all Member records, payment of claims, permit any excess cash to the BPOPF for investment and manage pensioner payroll. The BPOPF remains committed to building brighter futures together.

Following a significant 19-month long transition journey, the Botswana Public Officers Pension Fund (BPOPF), officially handed over fund administration services to NMG Administrators Botswana, as the outsourcing project comes to fruition. The project, which began in October 2019, commenced following amendments to the Retirement Funds Act (Section 15 (i).

Effective 2 June 2021, NMG Administrators Botswana will collect contributions on behalf of the BPOPF, maintain all Member records, payment of claims, permit any excess cash to the BPOPF for investment and manage pensioner payroll.

Noted CEO of the BPOPF, Mr. Moemedi Malindah, “This is a large-scale project and one we are proud to say was managed with the utmost diligence, with our Members at heart in all that we did and indeed continue to do. The BPOPF continues to engage all key stakeholders to ensure this transition is a smooth one.

Members can be rest assured that their pensions and benefits are not affected as NMG Administrators Botswana takes over the day-to-day fund administration tasks. This is a bright new chapter and we are more than ready and confident in the future.”

NMG Administrators Botswana is a joint venture between Lecha Administration (a company owned 100% by the BPOPF) and NMG South Africa. Lecha Administration owns 51% shares and NMG South Africa owns 49% shares in NMG Administrators Botswana.

“Re a leboga, Batswana, for your patience and support; especially our valued Members. We remain committed to investing in your golden years and building a brighter future together,” concluded Malindah.

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BSB Expands towards financial inclusion

6th September 2021

“As part of the bank’s quest to fulfil its financial inclusion mandate, Botswana Savings Bank (BSB) has focused more on expanding its footprint across the country to take its services to the communities it serves during the 2020 fiscal period” said Nixon Marumoloa, the Bank’s Chief Executive Officer (CEO).

According to the CEO, BSB’s focus in 2020 was expansion, visibility, continued mobilization and delivery of its inclusive finance agenda to provide simple, appropriate and accessible financial solutions to the under-served in a sustainable manner.

“In order to achieve our goal, the bank had to make compromises on some of our short-term goals in order to fulfil long term solutions to our customers. In advancing the bank’s financial inclusion agenda, we are proud to announce that BSB launched four (4) Automated Teller Machines (ATMs) in Gaborone, Mogoditshane, Old Naledi and Bokaa. This is in partial fulfillment of our strategy and commitment to our communities to ensure that our products and services are accessible to all. It gives us pride to be the sole service provider in these areas where financial services were previously non- existent,” Marumoloa said.

Botswana Savings Bank is currently approaching the final year of its strategic period of 2016-2021.  Marumoloa said BSB is now more determined to ensure that the Bank totally transforms to provide life events, cradle to grave products through digitised service channels for all income groups in Botswana and beyond.

Improved products will be launched into the market during 2021, moving on to 2022. The highlight product for the new financial year, according to the CEO is the Pensioners Loan facility.

“This product will ensure that the marginalised senior citizens continue to have financial freedom and access to financial services during their years of retirement,” he noted.

Further, the BSB CEO added that it is in the final year of the strategic period that the digitisation and integration programme will be executed and partially completed, with some elements overlapping into the following financial year. He said Point of Sales Machines will be deployed across the bank’s network to enable the phasing out of passbooks which will be replaced with Visa enabled BSB Debit Cards.

“As other banks close branches, we will open new branches and service points across the country to ensure we live up to our mandate of financial inclusion,” he stated.

The History of BSB stretches back more than 20 years. The bank has since experienced transformational growth, moving from a traditional bank to a 21st century financial institution with independent branches in Gaborone, Francistown, Serowe, Mahalapye and Hukuntsi.

The BSB Chairman Mr Kealeboga Molelowatladi added that BSB continues to increase its physical proximity to its customers as part of its financial inclusion mandate which has been embedded into the bank’s corporate strategy.

“Ultimately, our goal is to increase our footprint and brand visibility as we provide affordable savings solutions across the country,” he expanded.  Moreover, Mr Molelowatladi highlighted that The Bank is determined to ensure that it delivers on it’s five-year strategic plan by end of 2021.  He noted that the bank has embarked on various long-term projects that are currently work in progress.

These projects are part of the bank’s growth strategy with a focus to increase our footprint in Botswana.

Mr Molelowatladi stated that, this includes the opening of new branches across the country to ensure that BSB’s services are accessible to all Batswana.

However, he revealed that a major drawback in implementing the bank’s strategy was lack of integration of systems. As a solution however, he affirmed that the Bank is working on implementing new systems to improve the bank’s efficiency and effectiveness.

“We are looking forward to the phasing out of the traditional passbooks as we introduce digital channels and automate our processes for customer convenience. We remain confident that despite the rapid changes in our economic environment, our strategic priorities will enable us to drive sustainable growth for our business,’ he said.

During the same period, he also revealed that the bank identified a superior banking system that will be implemented and rolled out by 2021. He said, this banking system shall be the backbone in the bank’s digital transformation.  In his views, it is through this system that the bank will optimize its internal processes to provide a sound value proposition to Batswana and improve profitability of the bank by reducing the cost to income ratio.

The Bank continues to be profitable, with the year ended 31 March 2021 returning a modest profit after tax of P5.2 million due to pressure on both revenue and rising costs. Although the result could be easily read as a regression on the results of the year before, a simple reduction of the government grant received in the previous year paints a picture of a bank that is set to realize an improvement in its operating margins when measured by a significant growth in advances. The bank’s balance sheet continues to grow year on year.

As a result of the COVID-19 pandemic, hinderances have become quite the norm but the Bank has managed to persevere and remain true to its strategic objectives. This reflects the undeniable resilience and the progressive leadership that is at the helm of the Bank. The expansion plans that are underway are a harbinger of the growth and success that BSB is on the verge of achieving.

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Botswana Post introduces the -VIRTUAL POST BOX (VPB)

6th September 2021

As part of its promise to making service delivery convenient for its customers, BotswanaPost introduces its newest offering geared at enhancing the traditional post box as we know it.

This is also in line with our concerted efforts of making a significant impact in the digitization of doing business in Botswana as envisioned by our shareholder, the government of Botswana. In fulfilling our mandate to provide universal postal access to all, Virtual Post Box is a merging of our core mandate – provision of postal services in an efficient and cost effective manner.

The Virtual Post Box affords customers to register their mobile phone numbers to be used as their designated Post Box number to receive mail and related services from BotswanaPost. The customer’s mobile number will be linked to a post office of their choice for mail delivery. Furthermore, the customer also has a choice to opt for home/office delivery.

This is a departure from the commonly known traditional postal box characterized by the uniquely addressable, lockable box located on the premises of a Post Office station. Post Office boxes are rented by individuals or by businesses on an annual basis and the cost of rent vary depending on the type of box (Private, Individual etc.)

This offering is of value especially to Small, medium and Micro Enterprises (SMMEs) as it provides them with the capacity to operate as one stop shops. The Virtual Post Box places clients at the forefront of technology, resulting in reliability of unmatched customer service.

The unique development of the Virtual Post Box fits into our strategy of bringing services to our customers with ease.  The service comes in at a time when the world is still dealing with the COVID – 19 pandemic and ensuring we operate within the prescribed protocol. This has necessitated transformation into the digital space.”  Chief Commercial Officer – Clifford Lekoko

“The virtual Post Box is in line with our Mission of “Providing affordable convenience through high quality profitable postal and diversified products and services” where we leverage on technology as a major business sustainability anchor in the face of diminishing traditional postal business. This will facilitate and enable E-Commerce for the diverse market we serve as it gives the customer power in terms of cost and tracking of one’s mail.”- General Manager Courier & Mail Business – Tumelo Mereyotlhe.

What’s key to note about this new service ;

  • Gives customers a smart and convenient way to manage their postal mail remotely
  • Its more affordable compared to the normal postal box
  • Saves customers time to visit the postal branch due to mail incoming notifications
  • Gives Customers an opportunity to re – direct mail to their current location
  • Mail is securely monitored via tracking system and safely stored in the post office for collection
  • Offers privacy of mail as the owner will be allowed to collect unless he or she has directed someone to collect on their behalf
  • The online portal gives a history of all customer mail acting as a mail management system making it possible to monitor the customers mail volumes
  • Anyone above the age of 18 can open a virtual post box
  • Annual Fee; BWP 200.00 Mass Market & BWP 2000.00 Business
  • Penalty Fee – BWP 5.00 per day for 30 Days (Cumulative) only
  • Storage Fee – BWP 5 .00 per day for 30 Days (Cumulative) only
  • Re – direction Fee – BWP 30 .00
  • Home / Office delivery – Per EMS tariff

For details customers can reach us on our customer line at +267 39 11 743, WhatsApp #    77537517 or send an email to enquiries@botswanapost.co.bw   to find out more about Botswana Post’s virtual post box.

End//

Media enquiries to be routed to

Communications Unit

Mobile: 71498632

Corporatecomms@botswanapost.co.bw

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