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Stanchart explores full sale of its business

Exiting: Stanchart is the country's oldest bank, having established as an agency in Francistown in 1897
Exiting: Stanchart is the country's oldest bank, having established as an agency in Francistown in 1897

The country’s oldest bank, Standard Chartered Bank Botswana, is now exploring the sale of its full business, rather than just its Wealth and Retail Business (WRB) unit which has been on the market since November 2024.

Popularly referred to as Stanchart, the London-based global group, first set up in Botswana in 1897 as the country’s first commercial bank.

In a statement earlier today, bank executives said the decision to explore a sale of the full franchise rather than just the WRB unit, was informed by feedback from bidders.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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