Africa-Press – Botswana. Access Bank is ready to work with government, industries, and communities to create an environment where businesses thrive, innovation flourishes, and economic growth is inclusive.
Responding to the 2025/26 Budget Proposals, Access Bank Board Chairman, Mr Boiki Tema said this year’s budget sets the course for economic growth and national prosperity, and as a bank they were ready to partner with government and the private sector to drive sustainable development, support businesses, and empower communities.
“Our commitment to Botswana’s growth is that of a strategic partner in nation building.
We understand that economic growth hinges on a strong and well-supported private sector. That is why we have taken deliberate steps to expand our services, nurture financial inclusion, and create opportunities for businesses of all sizes, especially Small Medium Enterprises”, he added.
Mr Tema said Access Bank had made significant strides in enhancing Botswana’s banking landscape by enhancing business banking value proposition and including solutions for retail industry, gas and oil, mining, construction and so forth.
He said they remained devoted to their mission to build a prosperous and resilient economy for all Batswana.
For his part, the Managing Director of AccPro, Mr Craig Granville highlighted that it was significant to understand tax implications of the budget especially for businesses and individuals looking to navigate through the changing financial landscape.
He added that understanding tax changes helped businesses to make informed decisions that allowed them to grow and also encourage business owners to take proactive approach in planning their financial strategies.
Mr Granville further stated that effective revenue maximisation was vital as it ensured that companies could pay for necessary resources and expenses without having to expend too much of its capital.
He also said public expenditure efficiency was important as it could help the government to achieve its objectives and improve social outcomes.
Mr Granville highlighted that having robust debt management plan for each business was an effective way of making sure the company had control over its finances.
For his part, Kgori Capital economist, Mr Kitso Mokhurutsi, said in the previous three months period, the Pula currency strengthened against the Rand by 1.7 per cent but weakened by 4.8 per cent against the US Dollar.
He stated that the currency strengthening was an advantage as it allowed for goods produced in South Africa to be imported at better rates, an advantage to business owners.
He further said there was need to bring the national budget to balance as the country could not afford to delay achieving fiscal sustainability.
Mr Mokhurutsi also mentioned that budget surpluses were needed to restore fiscal buffers.
He also said greater improvements in revenue collection and broadening the Value Added Tax base was imperative as it assisted the country to meet its distributive role and achieve social goals.
The Access Bank Botswana’s inaugural Post Budget Speech seminar was held in partnership with AccPro and Kgori Capital, under the theme, “Driving Economic Growth through Private Sector Support”.
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