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StanChart shortlists bidders for Wealth, Retail Banking sale

Tuesday, September 02, 2025 | 340 Views |
Standard House . PIC MORERI SEJAKGOMO
Standard House . PIC MORERI SEJAKGOMO

Standard Chartered Bank Botswana (SCBB) has entered a critical stage in its ongoing restructuring strategy, confirming that it has shortlisted bidders for the sale of its Wealth and Retail Banking (WRB) business.

The Botswana Stock Exchange (BSE)-listed bank is now in the process of evaluating proposals from potential buyers — a move that marks one of the final steps in a divestiture first flagged in late 2024.

"The board wishes to inform the shareholders and the market that the company has shortlisted bidders for the sale of its WRB business and is currently in the process of evaluating their proposals," read a statement published on the BSE.

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Editor's Comment
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

Mmegi Editor | 18 September 2026
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