• BPP feasting on the BDPJuly 8, 2025
    Welcomes defecting BDP members Ex-minister Makgalemele dumps BDP to join BPP Motive of some seen as opportunistic BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BPP feasting on the BDP CEOs face axing Rough diamonds turbulence A strategic partner in the Umbrella for… Read more: BPP feasting on the BDP
  • STRIDES FOR SUCCESS: VACANICESJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • FARM TRAQUAIR : FARM WORKERJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • UNIVERSITY OF BOTSWANA : Professor in SociologyJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • GREAT PLAINS : RELIEF CAMP GENERAL MANAGERJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Wednesday, July 9, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

BancABC to list

patriot by patriot
January 17, 2021
in Business
245
0
491
SHARES
1.4k
VIEWS
ShareShareShare

BancABC Botswana Managing Director Kgotso Bannalotlhe his bank’s decision to list on the Botswana Stock Exchange Limited (BSEL) is in line with its strategic focus of consolidating its market position.

He said in a media briefing this week that they invited selected investors to purchase up to 180 525 000 ordinary shares at a cost price of P2 per share.

RelatedPosts

Rough diamonds turbulence

BVI ships over 500 000 doses of FMD vaccines to SA

BTCL enjoys strong growth

With the listing on BSEL, Banc ABC looks forward to attaining greater access to efficient capital markets in raising locals to support future growth plans and serve as an opportunity for the Selling Shareholders to monetise part of its sharing holding in the company.

“As the date of our pre-listing statement, the Bookrunner has received Irrevocable Undertakings from institutional investors to purchase up to 138 615 547 offered shares, and firm commitments from institutional investors to purchase up to 10 000 000 shares. These combined commitments represent 82.3% of the offer, subject to the Broker Placing and final allocations of the Offer Shares,’’ revealed the CEO.

Bannalotlhe said listing on BSE is meant to put the bank in a position to attract important stakeholders in Botswana into the shareholding of the company which will serve the long-term interest of the ABCH Group, thus enabling the company to attain greater access to efficient capital markets in raising local funding to support the growth plans.

He said as far as the banking profitability and ranking is concerned in Botswana, Banc ABC is currently the 4th most profitable commercial bank and 5th largest by assets, with a long track record of operating and innovating in the Botswana financial services sector. The bank will officially begin trading on the BSE on December 10, 2018.

Bannalotlhe said the bank has been keen on coming with innovative means of enhancing efficient banking to its clients, hence a portion of the approximately P360 m proceeds from listing on the BSEL will be used to develop and enhance the ABCH Group’s IT Infrastructure and banking platforms.

He said some of the bank’s innovative and technology centred initiatives include migrating onto a common mobile and internet banking platform and the implementation of a centralised Point of Sale (POS) processing platform.

He said the bank has engaged in several efficient partnerships with the government and other important stakeholders in the banking and financial sector, noting that such outcome of the partnership is the launch of Pula Card with the government recently.

Moreover, Bannalotlhe said BancABC also has good partnership in empowering the SMMEs through its financing project, with the bank boosting of over 5,000 active SMMEs clients.

Related

Tags: BancABCbsel

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Botswana Life’s new offering

Next Post

Botswana potential financial hub – expert

Related Posts

Rough diamonds turbulence
Business

Rough diamonds turbulence

July 7, 2025
BVI ships over 500 000 doses of FMD vaccines to SA
Business

BVI ships over 500 000 doses of FMD vaccines to SA

July 2, 2025
BTCL enjoys strong growth
Business

BTCL enjoys strong growth

June 30, 2025
From tenderpreneurship to true entrepreneurship
Business

From tenderpreneurship to true entrepreneurship

June 27, 2025
Digital Public Infrastructure as a Strategic Imperative
Business

Digital Public Infrastructure as a Strategic Imperative

June 27, 2025
Be a problem solver – Tips from tech-preneur Mothooagae
Business

Be a problem solver – Tips from tech-preneur Mothooagae

June 25, 2025
Next Post
Botswana potential financial hub – expert

Botswana potential financial hub – expert

Please login to join discussion
  • BPP feasting on the BDPJuly 8, 2025
    Welcomes defecting BDP members Ex-minister Makgalemele dumps BDP to join BPP Motive of some seen as opportunistic BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BPP feasting on the BDP CEOs face axing Rough diamonds turbulence A strategic partner in the Umbrella for… Read more: BPP feasting on the BDP
  • STRIDES FOR SUCCESS: VACANICESJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • FARM TRAQUAIR : FARM WORKERJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • UNIVERSITY OF BOTSWANA : Professor in SociologyJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • GREAT PLAINS : RELIEF CAMP GENERAL MANAGERJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?