Absa eyes Corporate Banking as lending come under pressure
Friday, June 12, 2026 | 100 Views |
Strategising: Absa Botswana MD, Keabetswe Pheko-Moshagane
In the year ended December 2025, Absa Bank Botswana expected credit losses reached P110 million, rising by 22% from last year’s P89 million. The significant rise was anchored on projections that households will not be able to afford monthly loan commitments as debt levels coupled with inflationary pressures keep the household purse under pressure.
In its 2025 integrated report, the bank hinted on a strategic shift to shareholders, citing that while Retail Banking has been the traditional anchor in the local banking industry, it was also fraught with growing risk.
‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...