Standard Chartered launches new online banking service

Business Today News: "Our corporate clients in Botswana, Zambia, Uganda as well as a number of other international markets in our footprint, will have immediate access to these product innovations, without incurring setup costs or installation delays -- all via our secure online banking portal," Kwame Asante, Standard Chartered's Head of Transaction Banking for Botswana told media on Tuesday.

Letshego to open a bank in Namibia

The company executives last week confirmed that a banking license application was submitted to the Central Bank of Namibia in December last year. Namibia’s gross domestic Product (GDP) is valued at P84, 258, 230.84 and has a household debt of close to P18, 879.10 with a domestic debt as a percentage of GDP standing at 20.9 percent as at December last year.

Namibia has a population of 2, 147, 585 people and out of the 729, 000 formally employed, 88, 814 of them are employed by the government. Letshego, whose branches stand at 11 in Namibia started its operations in the neighbouring country in 2008 and currently has 37, 946 customers reflecting into a 43 percent market penetration based on total government employees.

Standard Chartered Bank Botswana open Airport Junction branch

Tswana Times: "I have also been informed that the Bank is looking to support the agriculture sector more extensively, by providing financing across the value chain to include not only institutions such as BMC, but also the farmers themselves," said Matambo.

Stanbic Bank Further Increases Involvement in Agricultural Sector

“Stanbic Bank is fully committed to making every effort to cultivating Botswana’s agricultural potential to the greatest extent.

Standard Bank Africa CEO visits

Botswana Gazette: Newson explained that, "Our key differentiator is people who are passionate about our strategy, wherever in the world they are based. With the bank turning 150 years in South Africa, we remain resolute and committed to Africa and I am taking this message to staff and customers. I also want to assure the key stake holders that Botswana is one of our key focus countries, and so this visit is a very important tour for me."