First National Bank Botswana — major commercial bank projecting P2.1 billion profit for fiscal 2026, partnering on post-mining diversification projects.
In an affidavit commissioned in Eswatini on June 30, Alithea director Vinay Roopchand informed the High Court that the company no longer wished to proceed with the application it had initially launched against FNBB.The latest development comes barely weeks after Alithea secured a …
… In 2023 he declared the same three liabilities and in 2025 it was still the same liabilities,” she explained. “The liabilities were a P4 million loan from the Citizen Entrepreneurial Development Agency (CEDA), a personal loan from First National Bank Botswana and a credit card fa …
The Court of Appeal is scheduled to hear an appeal on June 19, 2026, brought by First National Bank Botswana (FNBB) and two others challenging a High Court ruling that halted the sale of properties linked to businessman Samson Guma Moyo. …
… On 5 May 2026, First National Bank Botswana (FNBB), through its FNBB Foundation, announced a strategic collaboration with the Ministry of Basic Education & Child Welfare and the National Arts Council of Botswana (NACB) to expand the Bodiragatsi Jwame, Lentswe Lame 4.0 initiative. …
… On the flip side, telecommunications stalwart BTCL rallied 9%, and financial heavyweights First National Bank Botswana (FNBB) and Botswana Insurance Holdings Limited (BIHL) experienced respectable gains of 3.7% and 2.1% respectively. …
Vice President Ndaba Gaolathe called on the financial sector to finance productive enterprises and allocate risk intelligently as Botswana's economic model shifts toward private enterprise, noting that households currently hold 63 per cent of commercial-bank credit compared with 36 per cent for businesses.
Vice President Ndaba Gaolathe called on the financial sector to finance productive enterprises and allocate risk intelligently as Botswana's economic model shifts toward private enterprise, noting that households currently hold 63 per cent of commercial-bank credit compared with 36 per cent for businesses.
The Botswana Stock Exchange's total market capitalisation reached 1.1 trillion pula in August, a 64.6 percent increase from the same period in 2025, driven largely by a 46.2 percent surge in foreign-listed companies. Domestic companies gained only 1.9 percent, while foreign companies' market capitalisation swelled from 564 billion pula to 954 billion pula.
FNBB expects Botswana's inflation to average 8.5 percent in 2026 as fuel, food and utility costs rise, while economic growth remains subdued at 1.9 percent.
First National Bank Botswana and SPEDU have signed a partnership agreement to address financing gaps for industrial investment projects worth between 5.9 billion and 6.8 billion pula in the Selebi Phikwe region, testing whether Botswana's push toward private sector-led economic diversification can succeed.
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.
First National Bank Botswana anticipates profit before tax of P2.1 billion to P2.135 billion for the year ending June 30, 2026, representing a 10 to 15 percent increase from P1.9 billion in the previous fiscal year. The projected growth, buoyed by expanding digital banking services and a customer base surpassing 700,000, would mark the bank's first time crossing the P2 billion threshold.
First National Bank Botswana expects profit before tax to rise by between P200 million and P235 million for the year ended June 2026, with full results due in September.
The Botswana Stock Exchange posted measured gains in the first seven months of 2026, with the Domestic Companies Index rising 1.4% and the Foreign Companies Index surging 40.1%, reflecting investor confidence in local and foreign company prospects amid a complex regional and global economic backdrop.
The Companies and Intellectual Property Authority (CIPA), through the Levy on Technical Devices Fund, brought together government, regulators, financial institutions and private sector representatives to address funding, skills development, intellectual property protection and market access in the creative industries. CIPA Strategy Manager Lucky Matseka said creativity is a strategic asset for national development beyond natural resources.
First National Bank Botswana says it has found no trace of a contested €500 million international transfer within its systems, as it faces a legal dispute with investor Alithea Investment (Pty) Ltd.
Alithea director Vinay Roopchand informed the High Court via affidavit on June 30 that the company no longer wishes to proceed with its application against FNBB, weeks after securing an interim court order to preserve documents and records at the bank's premises.
The First National Bank of Botswana has responded to Alithea, a Mauritian investor, regarding allegations of an international funds transfer. Alithea obtained a High Court interim order to preserve documents it believes could trace the alleged transfer, claiming the funds were moved through Deutsche Bank AG Frankfurt for use under Botswana's Economic Transformation Programme, involving the Minister of International Relations and the Botswana Investment and Trade Centre.
A witness testified that former official Moagi declared the same three liabilities—a P4 million CEDA loan, an FNB personal loan, and a credit card facility—in declarations made in December 2020, January 2023, and June 2025, with the CEDA loan showing no reduction over the years.
The Court of Appeal will hear an appeal on June 19, 2026, brought by First National Bank Botswana and two others challenging a High Court ruling that halted the sale of properties linked to businessman Samson Guma Moyo in an effort by FNBB to recover debts related to United Refineries Botswana Holdings. The central legal issue is whether a creditor may proceed against sureties or guarantors while the principal debtor company remains under judicial management.
First National Bank Botswana's foundation has partnered with the Ministry of Basic Education & Child Welfare and the National Arts Council of Botswana to expand the Bodiragatsi Jwame, Lentswe Lame 4.0 initiative with an investment of approximately P2 million, aiming to connect young talent to sustainable economic opportunities beyond traditional showcasing.
The Botswana Stock Exchange's first quarter saw overall equity market capitalization jump from P687 billion to nearly P909 billion, driven primarily by foreign-listed companies whose value expanded 34.1% compared to domestic firms' 10.7% growth. Domestic indices rose marginally—the Domestic Company Index by 0.5% and its Total Return Index by 1.2%—while trading liquidity declined despite rising valuations.