BancABC plans 30 outlets by year-end

Friday, August 19, 2011

As pan-African banking group spreads its wings wider across the sub-continent, BancABC plans to increase its commercial bank outlets to more than 30 this year from 21 it has opened since last year.

The BSE-listed bank, which has operations in five countries across southern Africa, said this when it announced its unaudited interim results for the six months to June 30 2011 in Gaborone this week.

BancABC commenced retail banking last year after about a decade of focussing solely on merchant banking. It has already opened three branches in Botswana as its retail banking rollout progresses satisfactorily, with a high uptake of its products across the network. In addition to Botswana where it has a primary listing, the bank has operations in Zimbabwe, Zambia, Tanzania and Mozambique. Said Group CEO Doug Munatsi:

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

BPP leadership forum will serve as a platform to identify and prioritise critical issues PIC: MORERI SEJAKGOMO

BPP on strategic positioning in the UDC

Tsaone Basimanebotlhe | 3 h ago

Santana unveils Nebula Infestation in striking debut exhibition

Goitsemodimo Kaelo | 3 h ago

We don’t owe the World Relay team – BNSC

Calistus Kolantsho | 4 h ago

Crowning moment for Prisons XI, Tonota FC

Boitumelo Khutsafalo | 4 h ago

FNB Botswana Grand Prix to turn up the heat

Mqondisi Dube | 8 h ago

Nearly 11,000 register for Diacore Marathon

Calistus Kolantsho | 8 h ago

GU one win away from title defence

Kabelo Boranabi | 8 h ago

World Bank flags critical gaps in Botswana’s tourism sector

Larona Makhaiza | 1d ago

Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

Mmegi Editor | 17 April 2026

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.