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Kenneth Matambo Quotes
born 1945 Botswana
Ontefetse Kenneth Matambo (born 1 December 1945) is a Botswana politician and economist. He served as the minister of finance and economic planning of Botswana from 1 August 2009 until 2019 when he left office.
Also known as: Ontefetse Kenneth Matambo
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11 quotes
It is my sincere hope that as more banks and branches open in the country, competition will increase and thereby reduce the relative costs of banking services.
We have dealt with China before and we know what we are doing as a government.
Promoting sustainable and inclusive economic growth is vital for promoting long term economic development as well as addressing the demographic challenges that we are currently facing.
Care needs to be taken not to overburden our future economic pathway with too much debt, which becomes the first call on future revenues.
We do not have a problem with China at all.
I am saying the net effect will surely be increased unemployment. That is what it would be. It will be almost immediately, not in the medium to long term, but immediate.
I urge the private sector to take responsibility for aligning their operations with our National Development goals so that together we move Botswana forward into the realisation of Vision 2036 and beyond.
Government must also exercise caution in the use of accumulated cash reserves to finance development initiatives.
In terms of Section 13 of the Banking Act, administered by Bank of Botswana, a bank is required to maintain a minimum capital adequacy (solvency) ratio of at least 15%, calculated as unimpaired capital to total risk – weighted assets,”
On the other hand, a Development Budget of P17.47 billion is proposed to finance on-going and new programmes and infrastructural projects being implemented throughout the country. However, the implementation of the development budget is likely to continue to be undermined by implementation capacity, which characterises both the public and private sectors.
We need to thoroughly examine the way we have been doing our business. We need to accept that today’s challenges require a new set of solutions and strategies, and be prepared to let go of old practices that no longer yield good results. We must find innovative solutions that are consistent with the changed environment.
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