Barclays Bank of Botswana says it has partnered with the Botswana Association of Local Authorities (BALA) to unlock investment opportunities and modernise public service delivery.
Addressing the media on Tuesday, Barclays Botswana Head of Public Sector Phemelo Moleofe said that Barclays is the main banker of local government hence desires to play a pivotal role in the development of local government landscape. Moleofe said that the bank also wants to be a proactive core partner as well as strategic collaborator for mutual benefit between local government and Barclays.
“We as a bank compliment the initiative of BALA in driving coordinated efforts of local government initiatives,” she said.
She further said that the partnership goals are the provision of enabling ground for efficient service in local government space and also up skilling and empowering local government to provide solution driven and customer centric service. Moleofe stated that the other goal is to do with digital channels for collection, liquidity management and project finance and also benchmarking on regional and global standards to achieve best practice.
“Barclays engaged our group expertise and South Africa to deliberate on various critical topical issues that will expose the local government to a new thought process and challenge the status core of modus operandi. Barclays is positioning itself as the think tank for government in the area of provision of project finance solution and advisory service,” said Moleofe.
She believes that Barclays is a differentiator by professional repertoire, as a catalogue of local government investment portfolio and follow through on the initiatives. She added that it does and has an opportunity for advisory services or funding.
“We are one stop shop for liquidity management, transactional and infrastructural development funding,” she stated.
BALA President Mpho Moruakgomo pointed out that there are 16 local governments in Botswana. “Currently this country needs effective and efficient service delivery while the resources are available in the communities. This means empowering local government through partnerships,” said Moruakgomo.
He noted that local government project financing and investments has had many challenges of unlocking opportunities in this space. He added that recently the local government and township Acts were revised in order to create space for local authorities to be able to leverage resources. Moruakgomo expressed optimism regarding the success of the upcoming Barclays and BALA investment pitso conference.