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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

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    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

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    Sports chief raises alarm over doping spike amid Region 5 triumph

    Sports chief raises alarm over doping spike amid Region 5 triumph

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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Under Babitseng BFA will be transparent and accountable

    BFA slashes deficit and eyes bright future with financial reform and football revival

    Sports chief raises alarm over doping spike amid Region 5 triumph

    Sports chief raises alarm over doping spike amid Region 5 triumph

    𝐃𝐞𝐛𝐬𝐰𝐚𝐧𝐚 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐬𝐞𝐝 𝐨𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐭𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐀𝐔𝐒𝐂 𝐦𝐞𝐝𝐚𝐥 𝐨𝐟 𝐇𝐨𝐧𝐨𝐮𝐫

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BALA and NDB’s strategic partnership lauded

• Mutually beneficial relationship drives economic

mm by Staff Writer
November 5, 2021
in News
Reading Time: 1 min read
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BALA and NDB’s strategic partnership lauded

GABORONE, 29 May 2012, The chief executive officer of the National development Bank (NDB) Lorato Morapedi briefs the media on the organizationÕs strategic positioning and the future plan in Gaborone on May 29,2012. (Pic:Press Photo)

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Both created for the purpose of ensuring continuity of economic activity and empowerment of citizens, Botswana Association of Local Authorities (BALA) and the National Development Bank (NDB) have a mutually beneficial partnership, the CEO of BALA, Steve Pheko, has said.

Pheko explained that BALA, which was first established in 1986 under the Local Government Act, lobbies for employees of local government, including district councils. The organisation is run by a board whose members are elected from elected councillors.

According to Pheko, BALA is member-driven and has been lobbying for better products across streams. NDB has so far proven to be very important due to its alignment with development financing, which is in line with the mandate of councils, he added.

He lauded the “complementary relationship” between NDB and BALA, saying members of BALA are helped at the bank on the basis of it without compromising its procedures. Pheko emphasised that BALA got into this relationship with the bank to enable its members to get specialised loans to own and develop their farms while still employed. This reduces dependency upon retirement and creates employment.

He noted that members of BALA received over P6 million in loans from NDB in the past year. Pheko said these funds contribute immensely to achievement of Sustainable Development Goals of food security and employment creation.

So far, BALA and NDB have devised specialised packages for associates to access the bank’s services at different levels agreed on. Because of this arrangement, Pheko added, members of BALA no longer have to run around banks and settle for unsuitable terms. He lauded the relationship, saying it is citizen-driven for the country’s economic development.

Tags: Botswana Association of Local Authorities (BALA)National Development Bank (NDB)Steve Pheko

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