Page 10 - issue 23

10 In The News

Bofinet established to drive

connectivity and enable

economic growth

•Help the country’s network infrastructure cope with the requirements of technologies
such as 5G ,AI and Machine Language
•To make Botswana globally competitive, knowledge and information society

otswana is now the sixth country strength and sense of resolve” he said. thanking Mr Masupe – CEO of Standard
in Africa to have the latest roll He went on to elaborated on challenges Chartered Bank Botswana by saying that
Bout of an all-digital banking being faced by the network company the banks #be unstoppable initiative
platform. This is an initiative by the such as the ability in resources and with this launch resonates well with the
Standard Chartered Bank to bring infrastructure to include areas outside locals as they are already unstoppable
more convenience to customer service urban settlements. Mr Segole also said and with continued initiatives as the
delivery and efficiency. During the launch that these tools of digitalisation were launch and other tools Batswana will
of this life changing banking product, not enough to progress the country always be unstoppable.
Mr Keabetswe Segole – Commercial but a country needs requisite skills,
Executive of Bofinet, extended gratitude infrastructure and tools as well
to the Bank for delivering what he called as talent to make it happen.
the tenet s of a technological revolution
that will fundamentally alter the way we The possibilities of a digital
live, work and shop. revolution are indeed many
as stated by the Commercial
Mr Segole spoke to a well-attended Executive when he said “we see
launch that the task of Bofinet was not an such progressive developments
easy one. Government had established as being able to communicate
the institution as an implementation with those thousands of
partner. “Telecommunications is at the kilometers away from us, to
heart of the business grind and a key make purchases in the comfort
enabler” Thus far the institution has of our homes from retailers
deployed fibre infrastructure that has on the other side of the world
reached remote areas of Botswana such and crowdsource/fundraise in
as Sefophe and Molalatau. Efforts being matter of hours with strangers”.
made by Bofinet are to complement Standard Chartered Bank is
the Government efforts of turning this the first Bank in Botswana
country from upper middle income to completely embrace the
to a high income economy. This will digitalisation and the Fourth
bring about foreign investment and Industrial Revolution.
global competitiveness to the country
if successful. In the end their mission In his concluding remarks Mr
will be to make Botswana globally Segole said he was amazed
competitive and information Society. at people who say Botswana
cannot stand shoulder to
“We have always been a strong and shoulder with the most
determined Nation and I have no doubt advanced markets in a digital
that we can all agree that the only literacy space. He went on Mr Keabetswe Segole
way that has changed is our increased to encourage Batswana by Commercial Executive of Bofinet

Issue 23 - Aug/Sept 2019 www.engineermagazine.co.bw www.engineermagazine.co.bw Issue 23 - Aug/Sept 2019