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StanChart shortlists bidders for Wealth, Retail Banking sale

Tuesday, September 02, 2025 | 340 Views |

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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