Absa Bank Botswana — financial services provider offering loans, digital payments, and investment services in Botswana, with non-interest income surging 63% in first half 2026.
… In a newly announced partnership, Khoemacau Copper Mining and Absa Bank Botswana have joined forces to do just that, promising a lifeline to local entrepreneurs who have long been sidelined from the mining sector’s wealth. …
… One of the platforms at the heart of this transformation is Absa Bank Botswana’s MobiTap, a mobile payment solution that is reshaping how merchants and customers interact in an increasingly digital economy. …
… The appeal was brought by Pro-Serve, Absa Bank Botswana and Unik Construction Engineering after the High Court granted Tau Grading an interim order in November 2025. …
… Absa Bank Botswana Managing Director, Keabetswe Pheko‑Moshagane, explained that the introduction of custody services comes at a time when market participants are placing greater emphasis on robustness, transparency and operational resilience. …
A nine percent electricity tariff increase for 2026/27 and ongoing power interruptions are prompting Botswanans to consider solar energy and alternative sources. The Absa Green Energy Loan offers up to 100 percent financing for solar installations, enabling households and businesses to reduce grid reliance and manage energy costs.
A nine percent electricity tariff increase for 2026/27 and ongoing power interruptions are prompting Botswanans to consider solar energy and alternative sources. The Absa Green Energy Loan offers up to 100 percent financing for solar installations, enabling households and businesses to reduce grid reliance and manage energy costs.
Absa Bank Botswana has introduced Garmin Pay, enabling customers with compatible Garmin smartwatches to make contactless payments by tapping their wrist at payment terminals.
Absa Bank Botswana's non-interest income rose 63 percent to P561 million in the six months ended June 30, 2026, helping offset pressure from higher funding costs and rising expected credit losses.
Absa Bank Botswana lifted profit after tax 18 percent to P376.7 million in the first half, with total income rising 14 percent to P1.29 billion, driven by a sharp increase in non-interest income including a 157 percent surge in net trading and investment income.
Absa Bank Botswana has partnered with Google and Visa to allow customers with compatible Android devices to digitize their debit and credit cards in Google Wallet, enabling contactless payments via phone tap at terminals, online, and in-app purchases without physical cards.
Botswana's revenue, intelligence, and police agencies are in a high-stakes dispute with tobacco company Riotrade Enterprises and its Managing Director Isaac Danda, who allege unlawful actions including an arrest on a 17-year-old charge, detention at DIS offices, and seizure of the company's bonded warehouse that halted raw tobacco operations.
Absa Bank Botswana has introduced a digital card that exists on a phone to address currency conversion challenges for international travelers, eliminating the need for airport exchanges and opaque foreign-transaction fees.
The Dithubaruba Cultural Festival, held at Ntsweng Museum in Molepolole, will feature about 40 traditional groups performing dance, music, poetry, and crafts for 24 hours. The event also welcomes Bakwena and Tswana groups from South Africa, including first-time performers and renowned cultural icons.
First National Bank Botswana expects pretax profits for the full year ended June 2026 to rise by as much as P235 million, building on P1.9 billion in the prior year. Absa Bank Botswana expects pretax profits for the half year to June to increase by as much as P82 million from P412 million in the prior period.
Absa Bank Botswana has renewed its sponsorship of the Dithubaruba Cultural Festival with a P1.5 million pledge over three years (P500,000 annually), with funds to support festival growth and community initiatives including financial inclusion, entrepreneurship, and women in business programs.
Preparations are underway for the 2026 Independence Kids Run, scheduled for September 26 in Gaborone's central business district as Botswana celebrates its 60th Independence Anniversary.
Absa and the Yellow Light Taxi Association signed a Memorandum of Understanding to introduce digital payment solutions for taxi operators, aiming to help them build financial records and access business funding.
Khoemacau Copper Mine and Absa Bank Botswana have partnered to empower citizen-owned small and medium-sized enterprises, targeting the SME sector which constitutes about 40 percent of Botswana's economy as part of the government's citizen economic empowerment agenda.
Khoemacau and Absa have formalised a partnership through a Memorandum of Agreement to combine their enterprise development commitments and deliver targeted support to citizen-owned enterprises in the mining value chain, offering financial solutions, business development support, and capacity-building initiatives.
Absa Bank Botswana's MobiTap is a mobile payment platform enabling businesses to accept payments directly on smartphones, targeting financial inclusion and small and medium-sized enterprises. The platform uses industry-standard security controls including contactless payments with PIN verification and EMV compliance to protect transactions.
The Court of Appeal has overturned a High Court order that had frozen funds linked to the Modipane-Mabalane Road project and restricted Pro-Serve from managing aspects of the contract, ruling that Tau Grading & Building Construction failed to satisfy legal requirements for an anti-dissipation order. The dispute arose after Pro-Serve terminated its agreement with Tau Grading on the government-backed road project.
Wayde Gabotlale, known as Waydacayn, has amassed 112,300 followers and 5.7 million likes on TikTok in just over two years, becoming among a niche of top Batswana players on the platform. According to the article, Gen Z Batswana on TikTok are disproving cynicism about local support for entrepreneurship by seeking each other out and boosting each other's profiles and businesses.
Absa Bank Botswana has launched custody services offering secure, efficient and compliant solutions for safekeeping and administration of assets. The services are designed to address the needs of pension funds, asset managers, insurers, fund managers, trustees, SACCOs and other institutional investors as Botswana's capital markets mature.