Absa to take over Bank Gaborone
Tuesday, February 23, 2010
Absa, which is 60 percent owned by Barclays Plc, on Friday announced that it has tabled a take over offer for Namibian financial services firm Capricorn Investment Holding (CIH) which is the majority shareholder in Bank Windhoek and Bank Gaborone.
If the deal goes ahead, it will result in two faces of Barclays Bank on the local market as the financial institution, which is UK's third largest bank, and already has a 67 percent controlling stake in Barclays Bank Botswana.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...