BancABC Botswana pledges more ownership to Batswana

This comes after the major Nigerian financier, Access Bank, snapped up the 78% equity held by ABC Holdings in BancABC Botswana. The move stirred up criticism that Batswana were not given a chance to bid for the stake before Access Bank.

The conversation around Batswana setting up a home-grown commercial bank has been going on for some time, with criticism that the Bank of Botswana has not developed a tiered access system to enable citizen-owned enterprises the opportunity to enter the local commercial banking space.