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A glimmer of hope

A glimmer of hope
ACTING FNBB CEO: Luke Woodford

First National Bank Botswana (FNBB) says the plan by Statistics Botswana (SB) for rebasing national accounts has the potential to advance the diversification agenda and propel economic growth.

SB has undertaken a project to rebase national accounts from 2016, leading to the reclassification of some industries and sub-industries.

“Consequently, several revisions have been made to Botswana’s historical nominal GDP values between 2014 and 2020,” the bank’s Acting Chief Executive Officer (CEO), Luke Woodford revealed in a recent announcement of FNBB’s financial results.

He explained the r...

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