BBS inches closer to banking licence

Wednesday, August 17, 2022 | 1150 Views |

Eye of the storm: The BBS headquarters in Broadhurst. Shareholders vote next Friday. PIC: MORERI SEJAKGOMO

BBS Ltd has declared a closed period from August 16 to October 15, as it finalises a process with the Bank of Botswana for the issuance of a commercial banking licence.

According to a notice yesterday, during the closed period, members of the board, management, and staff are prohibited from dealing in any manner, directly, or indirectly in the company’s securities.

The latest developments follow a protracted process in which BBS Ltd has undergone legislative and structural changes to prepare for the consideration of its commercial banking licence application by the Bank of Botswana.

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