StanChart shortlists bidders for Wealth, Retail Banking sale
Tuesday, September 02, 2025 | 340 Views |
Standard House . PIC MORERI SEJAKGOMO
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.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...