Absa Bank Botswana Limited

Absa Bank Botswana Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees.

We’re committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value. To this end, we offer our clients a range of retail, business, corporate and investment, and wealth management solutions. We also ensure a positive impact in all the countries where we operate.

We’re part of a truly African brand, inspired by the people we serve and determined to make our continent proud.

About Absa Group

Our leaders

Keabetswe Pheko-Moshagane
Keabetswe Pheko-Moshagane

Managing Director

Keabetswe joined the Bank in 2010 and is a seasoned executive with over 12 years of experience in the banking and telecommunications industry. She was previously the Head of Core Banking Applications, after which she held the position of the Head of Technology, overseeing bank projects, programmes, and initiatives to ensure the Bank operates in a stable environment. Before being appointed the Managing Director in April 2019, Keabetswe held the Bank’s Chief Operations Officer (COO) position. She was also the Chairperson of the Bankers Association of Botswana until April 2021.

Keabetswe has a Bachelor of Administration in Information Technology specialising in IT Management and Business Applications from the Tshwane University of Technology and has attended several leadership trainings.

She holds a Master’s in Business Administration with Mancosa and the Absa Leadership Academy program, conducted in conjunction with the prestigious IMD Business School in Switzerland. Keabetswe also recently completed a programme in Positive Leadership and Transformation with IE University, Spain.Before joining the Bank, she consulted for various companies and industries in South Africa.

Kealeboga N. Bojosi
Kealeboga N. Bojosi

Head of Legal and Secretariat

Kealeboga joined the Bank in 2012 as a Legal Advisor and was appointed Head of Legal and Secretariat in 2015.He has read, taught and practised law in Botswana and England, specialising in Banking, Finance, General Commercial Law and Corporate Governance.

Amongst other qualifications, he holds an LLM from the University of Cambridge and a Doctor of Philosophy from Oxford University. He is a Solicitor of the Supreme Court of England and Wales.He has also completed several executive management courses, including the Oxford Leadership Program and Executive Finance Program through the Said Business School, Oxford University.

Mohamed Osman
Krishnan Menon

Chief Operating Officer 

Krishnan joined the Bank in 2020 and has over 18 years of experience in the banking industry, with a primary focus on retail and corporate banking across multiple geographies, including the United Kingdom (UK), Middle East, Asia, and Africa. He was with the Barclays PLC Group for over a decade, managing corporate operations for the UK and subsequently being the Chief Administrative Officer of Barclays Shared Service Centres in India.

In 2012, Krishnan moved to Africa to lead the operational transformation initiative for the region, which oversees the utilisation of viable digital alternatives to traditional operations. He holds a Bachelor of Science in Mathematics from Calicut University, India.

Leroy Klein
Leroy Klein

Chief Risk Officer 

Leroy joined the Bank in 2008 and was appointed Country Treasurer in 2017 and Chief Risk Officer in May 2021. He has over 13 years of experience in the banking sector, having held middle and senior management roles within the Treasury and Risk functions.

Before joining the Bank, he worked for KPMG Botswana as a Senior Auditor. Leroy is a Fellow of the Association of Certified Chartered Accountants (ACCA- UK) and is a member of the Botswana Institute of Chartered Accountants (BICA).Leroy has completed the Executive Development Programme at the University of Stellenbosch Business School and various other leadership courses while with the Bank. He is currently pursuing a Masters in Business Administration at Oxford Brookes University.

Kgotlayarona Ramaphane
Valeta Mthimkhulu

Retail Banking Director

Valeta joined the Bank in 2020 and has over 20 years of diverse and extensive experience in banking, mostly in retail and business banking, corporate affairs, marketing, and project management.

Before joining the Bank, she was the Country Head for Retail Banking at Standard Chartered Bank, Zimbabwe.

Valeta previously worked for Barclays Bank Zimbabwe for 19 years and was appointed the Consumer Banking Director for Barclays Bank Zimbabwe from June 2011 to May 2018. She also previously held the role of Regional Head of Corporate Affairs at Barclays Bank, overseeing Zimbabwe, Botswana and Zambia. She has served on various Boards in Zimbabwe in the banking and non-profit sectors.Valeta holds a Masters of Philosophy in Development Finance from the University of Stellenbosch Business School and a Bachelor of Commerce Degree in Banking.

Kgotlayarona Ramaphane
Maungo Mokotedi

Chief Credit Officer

Maungo joined the Bank in 2018 as the Head of Corporate Credit and was appointed the Chief Credit Officer in November 2021. He has 20 years of experience in the financial service sector, 18 of which were in banking.Maungo has supported strategic priorities, business growth and led diverse teams at middle and senior management level across three banks and one top tier micro-lending and financial services business.Maungo is an accountancy graduate from the University of Botswana and holds a Masters of Science in Strategic Management from the University of Derby, UK.

Kgotlayarona Ramaphane
Salma Baduel

Country Treasurer

Salma joined the Bank in 2014 and has ten years of experience in the banking sector, with a particular focus on Treasury. Beginning her career in Treasury at First Capital Bank as a Money Market Trader, she joined the Bank, where she held various management roles within Treasury. She had the Head of Balance Sheet Management role before being appointed as the Country Treasurer in December 2021.

During her period with the Bank, she completed various Treasury related courses and completed a short-term assignment in Absa Group. Her duties included overseeing the Liquidity, Interest Rate Risk and Capital Management processes in all the Absa Africa Entities.Salma holds a Bachelor of Science in Mathematics from the University of Botswana and is currently enrolled in an Executive Masters programme in Positive leadership and Transformation with IE university, Spain.

Kgotlayarona Ramaphane
Segomotso Eugenia Banda

People Function Director

Segomotso is endowed with human resource management expertise both academically and professionally. She has 19 years experience in human resource; having trained, mentored, and supervised over 20 human resource managers.

In the various member hospitality business units within the region. Her exposure to the labour environments in Botswana, Zambia, Zimbabwe, Malawi, and South Africa has enhanced her appreciation of the impact of national culture on the labour environment.

Her involvement in the Botswana employer - employee relations space, with 16 years experience as an Industrial Court Assessor at the Industrial Court of Botswana, on behalf of Business Botswana Association, has enhanced her appreciation of the importance of formulation, implementation, and regular reviewing of company policies as instrumental in creating a productive work environment. This has been further enhanced by her involvement with the Labour Advisory Board under the Ministry of Labour and Home Affairs, representing employers.

involvement with the Labour Advisory Board under the Ministry of Labour and Home Affairs, representing Employers.

In her new role Segomotso will act in direct partnership with the business and functiona leaders as a key enabler in all areas related to people, with the view to maximise performance and support the delivery of the business units objectives through the creation and implementation of the appropriate people and organisational solutions.

Segomotso holds Master of Science in Human Resource Management from the University of Manchester and Bachelor of Commerce - Management with University of Botswana.

Kgotlayarona Ramaphane
Dennis Mambure

Head of Marketing and Corporate Relations

Dennis brings over 20 years of experience in marketing, corporate relations, sales and product management. His career spans banking, telecommunications, agriculture and manufacturing sectors. Dennis is a Council member of the Women’s University in Africa. He previously held senior roles in Barclays Bank of Zimbabwe and FMBcapital Holdings plc.

Dennis is a Fellow of the Chartered Institute of Marketing (UK). He holds an MSc in Marketing, Master of Public Policy and Governance as well as a B Comm Honours in Marketing..

Alfred Dube
Kgotlayarona Ramaphane

Independent Non-Executive Director
Chairperson of the Human Resources, Remuneration and Nominations Committee
Member of the Risk Committee

Kgotlayarona Ramaphane joined the Bank’s Board of Directors in August 2018. He previously served as the Chief Executive Officer of the Public Enterprises Evaluation and Privatisation Agency (PEEPA). He also served as Head-Performance Monitoring of PEEPA, where his responsibility included advising the Government on performance and corporate governance issues in parastatals. He has over 30 years of experience in Project and Business Management in Public Enterprises.

Before his appointment to PEEPA, Mr Ramaphane served in several high-profile positions in leading organisations, including Botswana Railways and Botswana Technology Centre. He has also served as a Board Member of Botswana Privatisation Assets Holding.

He holds a Master of Business Administration (MBA) from the University of Stirling (United Kingdom), a Bachelor of Commerce from the University of Botswana, and a Certificate in High Performance Leadership from the University of Oxford.

Mr Ramaphane is also a qualified PRINCE2 Project Management Practitioner and a Corporate Governance Practitioner.

Kgotlayarona Ramaphane
Cosmas Moapare

Interim Board Chairman
Chairperson of the Audit Committee
Member of the Credit Committee

Cosmas Moapare joined the Bank’s Board of Directors in March 2020 and is a Chartered Accountant by profession. He is the founder and Chief Strategy Officer of Cosburg (Pty) Ltd. He has held various positions at Botswana Telecommunications Corporation, Botswana Telecommunications Authority (now BOCRA), and the Local Enterprise Authority (LEA), where he was the Deputy Chief Executive Officer.

Mr Moapare has immense directorship experience with previous seats on the boards of Air Botswana, the National Development Bank (NDB) and the Finance and Risk Subcommittee of the Botswana Institute of Development Policy Analysis (BIDPA), as well as the Botswana Institute of Accountants (BICA) Practice Review Committee. He also previously served as the Chairman of the LEA Pension Fund.

Mr Moapare holds a Bachelor Commerce degree from the University of Botswana and is a Fellow of the BICA.

Kgotlayarona Ramaphane
Sari Helena Nikka

Independent Non-Executive Director
Chairperson of the Risk Committee
Member of the Human Resources, Remuneration and Nominations Committee

Sari Nikka joined the Bank’s Board of Directors in March 2020 and has made her career in international finance.  She has previously served as the Chief Executive Officer of Norsad Finance Limited (Botswana, Zambia) that is an impact investor and regional private credit firm offering medium to long-term risk capital to mid-market growth companies across the Southern Africa (SADC) region. She has considerable experience on international best practices on environmental, social and governance standards.

Prior to working for Norsad, she was the Programme Director (Finnpartnership) and Senior Investment Manager for Finnfund, the Finnish development financier and professional impact investor investing in responsible and profitable businesses in developing countries; as well as a Project Finance Advisor for Finnvera Plc (Finland), which is a specialised financing company that promotes Finnish exports to emerging markets and developing countries.

Ms Nikka has served on various Boards and Board Committees of companies and investment funds investing in Africa, Asia, Latin America and Eastern Europe. She has range of experience from project finance, senior debt instruments, mezzanine and equity investments; as well as financing solutions for microfinance institutions and commercial banks.  

Ms Nikka holds a Masters of Science in Economics and Business Administration from Turku School of Economics and Business Administration in Finland.

Kgotlayarona Ramaphane
Benjamin Monaheng Kodisang

Independent Non-Executive Director
Chairperson of the Credit Committee
Member of the Audit Committee

Benjamin Kodisang joined the Bank’s Board of Directors in March 2020 and is the founder and Chief Executive Officer of ALT Capital Partners, a Pan African impact investor focusing on economic infrastructure, social impact property and private equity.

He has over 25 years of investment expertise, having been the Chief Executive Officer of Sanlam Alternative Investments, Managing Director of STANLIB Asset Management and Africa, and Managing Director of Old Mutual Property. Mr Kodisang previously served as President and Director of the South African Property Owners Association (SAPOA); Chairman of Western Cape’s Trade, Investments and Destination Marketing Agency (WESGRO). He was also the first Chairman of the Johannesburg Securities Exchange (JSE)-listed SA Corporate Real Estate Fund.

He has worked in Botswana, South Africa, Namibia, Lesotho, Swaziland, Kenya, Tanzania, South Sudan, Ghana, Nigeria, India and Saudi Arabia.

Mr Kodisang holds a Bachelor of Commerce Honours degree from the University of South Africa and is a Chartered Accountant by profession.

Kgotlayarona Ramaphane
Sethunya Makepe-Garebatho

Independent Non-Executive Director
Member of the Human Resources, Remuneration and Nominations Committee
Member of the Risk Committee

Sethunya Makepe-Garebatho joined the Bank’s Board of Directors in September 2021. She is a seasoned executive, with a forte in labour law and employee relations and has more than 26 years of experience that has seen her working for various organisations such as Debswana Diamond Company, the Botswana Telecommunications Corporation and Global Resorts Botswana.  She is the Managing Director and Principal Consultant of People Connections, which is a Human Resource and Consultancy practice that Ms Makepe-Garebatho founded in 2002.

She previously served on the boards of Botswana Housing Corporation, Botswana Stock Exchange, Botswana Trade Commission and Women’s Finance House.  She has also served as an Independent Trustee of the Alexander Forbes Retirement Fund and in the University of Botswana’s Human Resources Committee Council. She is currently a council member of Maru-A-Pula Secondary School.

Ms Makepe-Garebatho holds a Bachelor of Laws (LLB) from the University of Botswana, Master of Science in Project Management from the University of Bolton in the United Kingdom, an Executive Leadership Program with Oxford University and has recently completed an Executive Coaching Program, as well as a Compliance Management Programme with the University of Cape Town.  She is a qualified Mediator and Arbitrator, having completed a Post Graduate Diploma in Alternative Dispute Resolution with the University of Pretoria, South Africa, in conjunction with the Arbitration Foundation of Southern Africa.

Kgotlayarona Ramaphane
Thabo Kagiso Matthews

Independent Non-Executive Director
Member of the Credit Committee
Member of the Audit Committee

Thabo Matthews  joined the Board in March 2022 and is a seasoned executive and has worked in senior management roles for Barclays Bank, Mascom Wireless, KPMG Consulting, Accenture and Deloitte Consulting. He was also the Managing Director of Sechaba Brewery Holdings Limited from January 2020 to June 2021.

For much of his career, Mr. Matthews has provided management consulting services to organisations in the public and private sector in Botswana and South Africa. After heading Deloitte Botswana’s consulting offering, he established his own consulting firm providing services to clients directly and through subcontractor services. He recently expanded his entrepreneurial interests by venturing into the information technology and transportation spaces. He is the Managing Director of Fibre Sourcing Botswana.

Mr. Matthews’s  experience on various boards and board committees of companies and other organisations has enhanced his business development and governance experience.  He previously served on the boards of Botswana Life Retirement Annuity Fund, Bayport Financial Services, Standard Chartered Bank Education Trust, Sechaba Brewery Holdings Limited and Kgalagadi Breweries Limited. He is currently a council member and trustee of Maru-A-Pula Secondary School.

Mr. Matthews holds a Bachelor of Arts (Honours) in Economics and Computer Science from Sussex University (United Kingdom).

Kgotlayarona Ramaphane
Saviour Mwepu Chibiya

Non-Executive Director
Absa Group Limited Nominee

Saviour Chibiya joined the Board in April 2022 and is a seasoned banking executive with over 29 years regional and international experience from financial institutions such as Citigroup, Barclays Bank and Absa Group Limited (“the Group”).  This comprises leadership roles such as Chief Executive Officer, Managing Director (“MD”) and Regional Head for varied segments, including corporate and investment banking (“CIB”), and retail and business banking (“RBB”).

Mr Chibiya joined the Board as the Absa Group Limited (“Group”) nominee. He joined the Group in 2010 as MD of Barclays Bank Zambia Plc. In 2017, he joined the Absa Regional Operations (“ARO”)  leadership team as Regional MD, assuming increasingly pan-African regional responsibilities.  Reporting to the Group Chief Executive, Mr. Chibiya is currently the Group Executive for ARO. In his current role, he is responsible, together with RBB and CIB, for the Group’s ARO businesses and for the Group’s strategy, collaboration and relationships with its key stakeholders across these businesses. Mr Chibiya is a member of the Group Executive Committee and provides input in terms of the overall Group’s strategy and, in particular, the strategic choices for the Group’s growth in the ARO banks.

Mr. Chibiya has previously served on the boards and board committees of Barclays Bank Zambia Plc, Barclays Life Zambia Ltd, Zambia Electronic Clearing House Ltd and Citibank Zambia Ltd.  He is a past chairman of the Bankers Association of Zambia and past vice -chairman of Junior Achievement.

Mr. Chibiya is a fellow of the Zambia Institute of Banking and Financial Services and holds an Economics degree from the University of Zambia.

Kgotlayarona Ramaphane
Keabetswe Pheko-Moshagane

Executive (Managing) Director

Keabetswe Pheko-Moshagane joined the Bank in 2010 and is a seasoned executive with over 12 years’ experience in the banking and telecommunications industry. She was previously the Head of Core Banking Applications, after which she held the position of the Head of Technology, overseeing bank projects, programmes, and initiatives to ensure the Bank operates in a stable environment. Prior to her appointment as the Managing Director, she held the position of the Bank’s Chief Operations Officer (COO). 

Ms Pheko-Moshagane holds a Bachelor of Administration in Information Technology specialising in IT Management and Business Applications from the Tshwane University of Technology.

Ms Pheko-Moshagane recently completed her Master’s in Business Administration with the Management College of South Africa (Mancosa) as well as a programme in Positive Leadership and Transformation with IE University, Spain. She has attended several leadership trainings such as the Absa Leadership Academy Program, conducted in conjunction with he prestigious IMD Business School in Switzerland. 

Prior to joining the Bank, she consulted for various companies and industries in South Africa.

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