First Capital Bank Acquires Bank of India (Botswana)

FMcapital Holdings Group (FMBCH), the Mauritius-based holding company for First Capital Bank Botswana this week announced the successful acquisition of Bank of India (Botswana) Limited (BOIB) by First Capital Bank Botswana.

The opportunity to acquire BOIB came as a result of the decision by Bank of India to divest from certain markets outside of India, including Botswana. 

The acquired business complements FMBCH’s offering of products and further strengthens its position as a regional player in the financial services industry.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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