馃嚙馃嚰BotswanaSouthern Africa
Absa Bank Botswana launches custody services to strengthen local capital markets
via Mmegi1 min read
Absa Bank Botswana has introduced custody services to enhance the local capital markets and support institutional investors. This new offering provides secure and compliant solutions for asset safekeeping and administration, enabling investors to confidently engage in local and cross-border investment activities. The services are designed to meet the needs of pension funds, asset managers, insurers, fund managers, trustees, and savings and credit cooperatives SACCOs. Keabetswe Pheko-Moshagane, Absa Bank Botswana Managing Director, stated that the launch addresses the market's increasing demand for robustness, transparency, and operational resilience. She emphasized that the custody services will help clients safeguard assets, comply with regulations, and operate with confidence as they allocate capital for long-term growth, aligning with the maturing capital markets in Botswana and the need for solutions that meet global standards while remaining anchored in local market realities. The bank aims to support the secure settlement, transparent reporting, and effective risk management required by increasingly sophisticated investment activities.
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Botswana's Draft Media Bill of 2025 proposes the establishment of a Media Ombudsman to enhance journalistic accountability and safeguard public trust. This initiative aims to restore media credibility and improve relations between the media and the public, especially as nations confront issues like disinformation and misinformation. The proposed independent Office of the Media Ombudsman, operating under the Media Council, would receive complaints, mediate disputes between the public and the media, recommend remedies, and promote ethical journalism. Unlike the often expensive and slow court system, the Ombudsman is designed as an accessible, non-judicial mechanism for resolving media disputes. Historically, Botswana's media environment has relied on statutory regulation, self-regulation, and legal remedies like defamation litigation. However, individuals wronged by inaccurate reporting or ethical breaches often faced limited options: either complain directly to the media house without guaranteed satisfaction or pursue costly legal action. The proposed Ombudsman seeks to bridge this gap by providing an independent, impartial, and non-judicial body to resolve complaints regarding journalistic conduct and media content. The legislation specifies that the Ombudsman will operate free from external direction or control, which is crucial for maintaining public trust in the fairness of the process. The Ombudsman's primary responsibilities will include investigating complaints and medi
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The requested page, which appears to be related to "Elevate Africa launches Threads of Africa Fashion Film prize 2026," could not be found on the Mmegi website. The site displayed a "404 The page you're looking for does not exist!" error message. Mmegi is described as a leading independent source for news, current affairs, politics, business, sport, and entertainment in Botswana.