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Kenneth Matambo
19 quotes
“In terms of Section 13 of the Banking Act, administered by Bank of Botswana, a bank is required to maintain a minimum capital adequacy (solvency) ratio of at least 15%, calculated as unimpaired capital to total risk – weighted assets,”
Kenneth Matambo (born 1947) first seen 2021 wikiquote, CC BY-SA 4.0 source
Recorded in: Big step for BBS 17 Junary 2021
“It is critical that by the end of the Plan period – NDP 11 –, all planned programmes are achieved in order to take the country forward. However, to achieve this will require adoption of measures to increase the country’s implementation capacity.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“On the other hand, a Development Budget of P17.47 billion is proposed to finance on-going and new programmes and infrastructural projects being implemented throughout the country. However, the implementation of the development budget is likely to continue to be undermined by implementation capacity, which characterises both the public and private sectors.”
Kenneth Matambo (born 1947) first seen 2001 wikiquote, CC BY-SA 4.0 source
Recorded in: Matambo’s last budget speech? 17 January 2001
“With regard to employment creation, it is important to clarify that the principal role of the Government is not to create jobs directly, but to provide a conducive macroeconomic environment to facilitate the development of the private sector. The private sector, in turn, is expected to take advantage of such an environment to undertake investments, which would contribute to the growth of the economy and creation of sustainable employment opportunities.”
Kenneth Matambo (born 1947) first seen 2017 wikiquote, CC BY-SA 4.0 source
Recorded in: Govt does not create jobs Matambo 7 February 2017
“It is my sincere hope that as more banks and branches open in the country, competition will increase and thereby reduce the relative costs of banking services.”
Kenneth Matambo (born 1947) first seen 2012 wikiquote, CC BY-SA 4.0 source
Recorded in: Banking costs too high - Matambo 20 July 2012
“Promoting sustainable and inclusive economic growth is vital for promoting long term economic development as well as addressing the demographic challenges that we are currently facing.”
Kenneth Matambo (born 1947) first seen 2016 wikiquote, CC BY-SA 4.0 source
Recorded in: Matambo urges SADC to foster private sector 16 March 2016
“We do not have a problem with China at all.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“We have dealt with China before and we know what we are doing as a government.”
Kenneth Matambo (born 1947) first seen 2019 wikiquote, CC BY-SA 4.0 source
Recorded in: Botswanan minister rejects debt trap allegation against China 10 February 2019
“Care needs to be taken not to overburden our future economic pathway with too much debt, which becomes the first call on future revenues.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“Government must also exercise caution in the use of accumulated cash reserves to finance development initiatives.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“We need to thoroughly examine the way we have been doing our business. We need to accept that today’s challenges require a new set of solutions and strategies, and be prepared to let go of old practices that no longer yield good results. We must find innovative solutions that are consistent with the changed environment.”
Kenneth Matambo (born 1947) first seen 2010 wikiquote, CC BY-SA 4.0 source
Recorded in: Matambo implements austerity measures 11 February 2010
“It is not because we do not want to do it, definitely we also want our people to live comfortably by earning a minimum wage or as some call it the living wage. Semantics do not matter. We cannot do it now at least because we have constraints. You cannot just announce it and say we will do it on day one.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“I am saying the net effect will surely be increased unemployment. That is what it would be. It will be almost immediately, not in the medium to long term, but immediate.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“So, this promise I dismiss it. It is really only a campaign talk. It is easy to do this if you are not accountable to anybody, it is easy. In reality if you tried it, you will have a worst situation about unemployment than we have today. That is the fact.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“I have no problem with the President of South Africa doing this, in South Africa he can afford to mention these figures, because he has a private sector that works. Private sector there works, it does not wait for government tenders, that is not what they wait for, they produce in order to sell internationally.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“Always give and that is an unfortunate situation we are in, but I am hopeful that it will improve in due course when the private sector matures, but for now it is a private sector to have a nurse the whole time. I am not going to accept any comparison with South Africa.”
Kenneth Matambo (born 1947) wikiquote, CC BY-SA 4.0 source
“Of the total P67.5 billion expenditure planned for the 2019/2020 financial year, P22.4 billion, or one-third is for paying salaries and allowances for those employed in the public service, while the balance of P45.1 billion or 66 percent will be available for government procurement of goods and services from the private sector. This is a significant amount availed by government to spur growth of the economy, and create employment opportunities.”
Kenneth Matambo (born 1947) first seen 2019 wikiquote, CC BY-SA 4.0 source
Recorded in: Matambo “sick and tired” of SA-Botswana comparison 24 February 2019
“We need to continue to look at ways and means of achieving improved standard of living for our people. We should aim for high impact activities and policies for people centred development.We should aim to broaden the SADC economic bases with the aim of creating employment for our people.”
Kenneth Matambo (born 1947) first seen 2015 wikiquote, CC BY-SA 4.0 source
Recorded in: SADC calls for people centred development, Malawi commended 15 August 2015
“I urge the private sector to take responsibility for aligning their operations with our National Development goals so that together we move Botswana forward into the realisation of Vision 2036 and beyond.”
Kenneth Matambo (born 1947) first seen 2021 wikiquote, CC BY-SA 4.0 source
Recorded in: Minister calls for private sector,govt collaboration 21 July 2021