Barclays Bank, Bala Sign Deal

| January 15, 2015

Barclays Bank and Botswana Association of Local Authorities (BALA) have signed a Memorandum of Understanding based on capacity building to ensure that local government is empowered on all areas.

Speaking at a press conference in Gaborone on January 13 Barclays head of public sector, Ms Phemelo Moleofe said the partnership entailed provision of enabling ground for efficient service in local government space.

She further said Barclays had benchmarked on regional and global standards to achieve best practice and hence they have engaged their group expertise and South Africa to deliberate on various critical topical issues.

Ms Moleofe stated that this would further strengthen strategic collaboration for mutual benefit between local government and Barclays. She said the partnership will trigger interest from investors to enhance liquidity in local government and align Barclays public sector strategy with government initiatives in this arena.

“We shall provide platform for leverage from other countries experiences by providing access to information relating to infranstructure developemnts and also provide project finance solution and aisory service.”

She stated that they have in the past funded local government projects and they are looking forward to LG to bring forth other proposals. BALA president Mpho Moruakgomo said in order for effective service delivery there is need for refinement at local government level to avoid dependency on central governemnt.

Therefore he welcomed the partnership and said it will help BALA leverage resources from Barclays stating that the country cant depend on diamonds only.

Mr Moruakgomo said BALA has in the past engaged in partnerships with the private sector which included funeral policies and provision of mobile phones for councilors and capacity building and training for councilors at UB.

The president announced that BALA will hold the national conference in Francistown on January 20-22 which will attract councilors, mayors and council clerks. He said at this conference they will underpin and breakdown issues that would help they benefit from the Barclays partnership.

Source : BOPA

Source : Botswana Daily News

Category: Business & Finance

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