In an effort to ensure the utmost satisfaction of customers, Stanbic Bank Botswana will soon begin transition into a new Core Banking System, called Finacle. The technologically advanced system will be replacing the current Bank Master System. The new generation banking system will empower Stanbic Bank to derive optimal value from customer data in order to meet a range of operational, business and strategic objectives. This system guarantees consistency across reporting, and plays a pivotal role in transforming key institutional data into measurable performance indicators. Above all, it will enable Stanbic Bank to add more value to its customers. The…
Author: Editor
Monday night, 15th October 2012, saw listed company Letshego Holdings Limited engage stakeholders from across the globe at a dinner to celebrate the 14th anniversary of the Group’s inception as well as the commemoration of 10 years of being listed on the Botswana Stock Exchange. The dinner, held at Lansmore Masa Square, also served to kick off a week long strategic planning session for the Group which saw its CEOs form across its African operations converge in Botswana. The Board and Executive Management of Letshego welcomed CEOs from the 11 countries in which Letshego operates for the celebratory dinner and…
From making it into the top 5 finalists list in the Industry Sector Award Category, to scooping a 3rd place award at the 2012 Africa SMME Awards held at Cape town South Africa, Miraculous Investment, a Local Enterprise Authority (LEA) registered client has not only made LEA proud, but has positioned Botswana as a country of innovation within the industry sector. Miraculous Investment (Pty) Ltd is a Botswana wholly citizen owned company that started its operation in June 2006. It is located in the Central District of Botswana, in Serowe village, under the ownership of Yaone Tebogo, Thato Tebogo and…
In a recent communication, KBL and BBL noted that almost all the Directors and indeed other Senior Executives, who have left the companies have moved on to assume senior positions including at CEO levels, elsewhere. It is hugely significant, that Thomas Mpedi, the current General Manager at BBL has recently been appointed as Managing Director at Maluti Mountain Breweries in Lesotho; a highly coveted role that places him firmly at the pinnacle of his career. This is a huge source of pride for KBL and BBL. The group of companies are proud of the exceptional leaders that they continue to…
The September 2012, national year-on-year inflation rate was at 7.1 percent, up by 0.5 of a percentage point from 6.6 percent in August 2012. The cities and towns’ inflation rate grew by 0.8 of a percentage point from 6.4 percent in August to 7.2 percent in September. The urban villages’ inflation rate increased by 0.1 of a percentage point from 6.9 to 7.0 percent, the rural villages’ inflation rate also registered an increase of 0.1 of a percentage point from 6.6 percent in August to 6.7 percent in September. The September national Consumer Price Index was at 162.1, registering an…
Investec Asset Management Chief Executive officer, Hendrik du Toit, CEO, has been named Chief Executive of the Year at the prestigious Financial News Awards for Excellence in European Institutional Asset Management. Viewed as the definitive and authoritative industry view of the performance and strategy of the main players in the European institutional asset management industry, the winners in each category were decided upon by a panel of more than 100 pension fund consultants, fund management executives and marketers from across Europe. Financial News, a Dow Jones publication, is one of Europe’s top institutional trade publications. The CEO of the Year…
BOCCIM in collaboration with the Government of Botswana hosted 12th National Business Conference (NBC) on the 14th – 17th October 2012, at the Adonsonia Hotel in Francistown, Botswana. The multi dimensional conference happens every 2 years and is a highly respected and appreciated forum for private public dialogue. This year, the conference is expected to attract 400 participants from public, private and civil society sectors. His Excellency, the President of the Republic of Botswana, Lt. General Seretse Khama Ian Khama officially open the conference and the former President of Ghana; John Agyekum Kufuor was the keynote speaker. The theme for…
Barclays Bank of Botswana has partnered with the Youth Alliance for Leadership and Development (YALDA) to deliver a financial literacy program for university and college students. The program aims to reach one hundred and fifty students from University of Botswana, Botho College, Botswana Accountancy College and Limkonkweng University. It consists of training on money management as well as presentations from a variety of experts around investment options, savings, debt management and insurance. “Barclays is proud to be a partner in programs that seek to promote a better understanding of effective and sustainable ways of managing money and promoting financial literacy…
Botswana tourism industry has pledged to work with incoming Minister of Environment, wildlife and Tourism, Tshekedi Khama. In a show is appreciation Cresta Marakanelo hosted a dinner in Gaborone on Thursday where captains of the industry, private sector and government officials said goodbye to Kitso Mokaila, the former minister. President Ian Khama Seretse Khama has appointed Kitso Mokaila, the Minister of Minerals, Energy and water Resources where he pledged to continue supporting the industry to replace Vice President Dr Ponatshego Kedikilwe. “We engaged and disagreed in many issues, but in many ways it was for the good,” says Mokaila. Mokaila…