Absa to take over Bank Gaborone

Tuesday, February 23, 2010

South Africa's largest retail bank, Absa is set to take over Bank Gaborone in a development that could result in a merger in the local financial market.

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

By-elections often arrive quietly, triggered by unfortunate circumstances such as the death of the area councillor PIC: KENNEDY RAMOKONE

Moremaoto votes, parties face reality

Tsaone Basimanebotlhe | 2d ago

High Court orders ZCC Botswana to reunite

Laone Choeunyane | 2d ago

Day 3: Search for Maun missing boy continues

Staff Writer | 2d ago

Long 1,900km drive awaits netball teams

Calistus Kolantsho | 2d ago

Ngada to pip seasoned campaigners for AFCON place?

Kabelo Boranabi | 2d ago

Oneal R&B orchestra shares African story

Lucy Kgweetsi | 2d ago

Yarona FM to host Just Kidding Fam Fest

Nnasaretha Kgamanyane | 2d ago

Softball Spectacular to quench players’ thirst

Calistus Kolantsho | 2d ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Absa to take over Bank Gaborone

South Africa's largest retail bank, Absa is set to take over Bank Gaborone in a development that could result in a merger in the local financial market.