Inside FNBB’s plan to stay ahead of the pack

Grand launch: FNBB CEO, Steven Bogatsu officiating at the brand reveal in Gaborone recently PIC: FNBB FACEBOOK
Grand launch: FNBB CEO, Steven Bogatsu officiating at the brand reveal in Gaborone recently PIC: FNBB FACEBOOK

While the country’s biggest bank earned its prime position in the market by being the leading innovator of financial services technology, COVID-19 spurred its competitors to close the gap in digitisation. However, First National Bank has an ace up its sleeve, notes Staff Writer, MBONGENI MGUNI

Writing in the group’s annual report for 2022 recently, First National Bank Botswana (FNBB) chairperson, Balisi Bonyongo noted the trend of heightened competition in the banking sector from both direct rivals and non-traditional financial services.

Essentially, the pandemic saw banks and related financial services providers boost their provision of digital services, as the response to COVID-19 included movement restrictions, travel bans and social distancing, the latter limiting the traffic in brick and mortar banking halls.

Editor's Comment
GBV: The big elephant in the room

Sadly, the country seems not to have proper tools and the extent to which women and the girl-child are being abused is not adequately measured.Almost every week there are reports of women being attacked by their significant others and while men are attacked as well, women seem to be more on the receiving end.On May 24, 2023 news broke that a woman who was receiving support from the Botswana Gender-Based Violence Prevention Centre in Gaborone, was...

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