About us

Welcome to Absa Bank Botswana

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.

In Botswana, we are the leading bank with 1,100 employees, 32 branches and 114 ATMs. So, we are there for you wherever you are in the country.

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 in which we operate.

We’re a truly African brand, inspired by the people we serve and determined to always be Brave, Passionate and Ready so that we can make our continent proud.

What is our purpose?

To bring your possibility to life

We believe in possibility, in the actions of people who always find a way to get things done. We believe in creating opportunities for all our stakeholders, and to make their possibilities real and supporting them every step of the way. Our group is a future-focused organisation, driven by progress and a desire to thrive in the digital age.
How we get things done

We are committed to being: Brave, Passionate and Ready.
Empowering communities

We aim to play a shaping role in society and be an active force for good by:

Earning trust: By acting with fairness and providing just outcomes for all stakeholders and becoming known for reliability by delivering consistently on our promises.

Shaping societies: By contributing significantly to the communities in which we operate, thereby enhancing the continent’s economic growth and development.

Promoting inter-generational sustainability: By being accountable for our impact on the environment and building viable communities by evolving as their needs change.

Driving thought leadership: By providing insights that help the industry to develop new and innovative ways to solve society’s challenges.
Governance
You want to know that your money is safe with us? It is and this is how we make sure it stays that way:

We are listed on the Botswana Stock Exchange. This means that our accounts are available to the public and we have to satisfy investors and regulators that we are a sound business.

Absa follows governance guidelines that meet the Botswana Stock Exchange listing requirements.

We continually train and retrain all our people in these guidelines.

We believe in and practise integrity in our business dealings. We also have a conduct risk manual that guides the way we do business.

We have independent non-executive directors who are chosen for their business ability and fearless integrity. They help ensure that Absa stays true to its values.

We are supervised by the Bank of Botswana, which regulates all banks in the country and keeps a close eye on their activities.
Our history in Botswana

We are publicly listed on the Botswana Stock Exchange, which means that citizens of Botswana now have a stake in our Business.

We opened our doors in Botswana in 1950 with our first branch in Lobatse. We expanded our network until 1975 when we became an incorporated company in Botswana.
Country management committee

Keabetswe Pheko-Moshagane

Managing Director

Keabetswe was appointed Managing Director in April 2019. She is a seasoned executive and served as the Chief Operating Officer before assuming her current role. She brings with her a wealth of banking experience and has built a high performing and diverse leadership team. She has been instrumental in driving various transformational and cost-saving initiatives that contributed towards the overall performance of the bank. Prior to joining Absa in 2010, she worked as a consultant in South Africa for Falcorp Technologies, assigned to various projects for large entities, including Telkom South Africa, Absa Bank and Absa Group. She holds a BA in Information Technology from Tshwane University of Technology and an MBA.

Mumba Kalifungwa

Finance Director

Mumba was appointed Finance Director in 2015. He has over 20 years’ post qualifying experience gained in banking, auditing, taxation and financial management. Prior to joining Absa Bank Botswana, he was the Chief Financial Officer for Absa Bank Zambia. He started his career at Coopers and Lybrand Chartered Accountants in 1995 and later joined the Zambia Revenue Authority, where he worked as senior accountant prior to joining Absa Bank Zambia. He is a fellow of the Chartered Institute of Management Accountants (CIMA), the Association of Chartered Certified Accountants (ACCA), Zambia Institute of Chartered Accountants (ZICA), and a holder of an MBA from Herriot Watt University of Scotland. He is currently serving as a board member of the Chartered Institute of Management Accountants (CIMA) Africa Board. He previously served as chairman of the board audit committee of the Zambia Institute of Mass Communication.

Leroy Klein

Country Treasurer

Leroy Klein joined the bank in 2008 as a Treasury Analyst. He has 9 years' experience in banking in middle and senior management roles within treasury middle and front office. The focus of his roles was liquidity and capital management. Prior to joining Absa Bank, he was a senior auditor at KPMG Botswana.

He 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 successfully completed the Executive Development Programme with the University of Stellenbosch Business School and various other management and treasury courses over the period with Absa Bank Botswana.

Titose Musa

Head of Compliance

Titose is the Head of Compliance with 18 years’ banking experience. She has extensive experience in organisational strategic alignment, risk management, and performance and financial management change, as well as people management. She previously held several senior positions at Standard Chartered Bank including cluster head of operational risk for Southern Africa, head of operational risk and head of marketing and branch management.

Titose holds a BA in Humanities from the University of Botswana and an MSc in Strategic Management from the University of Derby in the United Kingdom.

Kealeboga N. Bojosi

Head of Legal

Kealeboga joined the bank as a legal adviser in 2012 and was appointed Head of Legal in 2015. Between 2000 and 2006, he was in private practice, specialising in commercial and civil litigation, corporate and labour law. While in private practice, he also taught Banking Law, Company Law and Contract Law at the University of Botswana. Prior to joining Absa Bank Botswana, he spent six years in the United Kingdom where, at various times, he was a senior lecturer in Law (Commercial Law) at a London university, as well as an international lawyer (finance) at an international commercial law firm in London. He was admitted as a solicitor of the supreme court of England and Wales in 2009. He holds an LLM from the University of Cambridge (UK) and a doctorate from Oxford University (UK).

Obonye Malope

Head of Marketing and Corporate Relations

Obonye joined the bank as Head of Marketing and Corporate Relations in March 2019. Obonye has over 15 years' banking and marketing management experience and has, over the years, successfully rolled out initiatives, such as the FNB BOTESSA and FNB BFA brand sponsorships, FNB eBucks Rewards Programme, Mascom Wheels or Cash, Mascom Top 8 Football Tournament, Mascom National Derby, among many others. As passionate marketer who also believes in giving back, Obonye has leveraged her expertise in ensuring the success of national events, such as the 2014 Africa Youth Games and 2017 Netball World Youth Cup Games where she served in the marketing and brand communications committees. Obonye holds a BA from Southern Illinois University, majoring in Electronic Media Management and Marketing, with a minor in Marketing. Obonye, who has a management development programme qualification and a mini-MBA in Telecommunications, is currently pursuing her MBA with the African Leadership University in Kigali, Rwanda.

Tumelo Mokowe

HR Director

Tumelo joined Absa Bank in 2007 as a Direct Sales Team Leader, subsequently joining Human Resources in various positions, including Training, Governance and employee relations before his most recent appointment as Head of HR Operations and Employee Relations.

He holds a BSocSc (Public Administration and Political Science) from the University of Botswana. Tumelo completed a Barclays Leadership Development Programme and Management Development Programme from the University of Stellenbosch. He also possesses a Basic Labour Law Certificate from the University of Cape Town.

Kabo Molomo

Chief Risk Officer

Kabo Molomo joined the bank in January 2003 through the Barclays Africa Leadership Programme. He is a fellow member of both the Association of Chartered Certified Accountants (ACCA) and Botswana Institute of Chartered Accountants (BICA). Kabo has 15 years’ experience in risk management and has held various leadership roles in corporate lending and corporate recoveries, as well as a secondment to National Bank of Commerce (an Absa Group Limited subsidiary in Tanzania). For the past four years, he held the position of Corporate Credit Director, in which he played a pivotal role in the growth of the Corporate and Investment Banking business. Prior to joining Absa, Kabo worked for Ernst & Young in the external audit division.

He holds a BAcc and an MBA from the University of Botswana and is currently pursuing a professional risk qualification with the Global Association of Risk Professionals (GARP).

Valeta Mthimkhulu

Retail Director

Valeta was appointed as Absa Bank Botswana Retail Director in January 2020. She brings significant value for the business with her diverse experience earned over a 20-year career in commercial banking, mostly in the areas of Retail and Business Banking, Corporate Affairs, Marketing, and Project Management. She has also served on various boards in Zimbabwe in the banking and not-for-profit sectors.

Valeta previously worked for Barclays Bank of Zimbabwe for 19 years, 7 of which were as Banking Director and 6 before that in Marketing and Corporate Affairs. Prior to joining Absa Bank Botswana, Valeta worked for Standard Chartered Bank Zimbabwe as the Country Head of Retail Banking.
She holds a Master of Philosophy in Development Finance from University of Stellenbosch Business School and a Bachelor of Commerce Degree in Banking.

Krishnan Menon

Chief Operating Officer

rishnan Menon joined Absa Bank Botswana as Chief Operating Officer in February 2020. Krishnan has been associated with the Banking industry for almost 18 years and has a wealth of experience in Retail and Corporate banking across multiple geographies and banks having worked in the United Kingdom (UK), Middle East, Asia and Africa regions.

He has been with Barclays PLC group for over a decade having managed Corporate Operations for UK and subsequently being the Chief Administrative Officer of Barclays Shared Service Centre’s in India. In 2012, he then moved to Africa to lead the Operational Transformation for the region in which he was overseeing the utilisation of viable digital alternatives to traditional operations. He holds a Bachelor of Science in Mathematics from Calicut University, India.
Members of the Board

Oduetse Andrew Motshidisi

Board Chairman

Oduetse joined the board in 2016, and has been in the financial services sector since 1989. He was Deputy Governor of the Bank of Botswana for 15 years. Prior to his appointment as Deputy Governor, He served progressively in senior positions at the bank, including as head of foreign exchange reserves management.

He has served on a number of boards, including the Motor Vehicle Accident (MVA) Fund, The Botswana Stock Exchange and the Botswana Institute for Development Policy Analysis (BIDPA).

Oduetse is a BA graduate of the University of Botswana and Swaziland and attained a master’s degree from the University of Wisconsin-Madison.

Ambassador Alfred Dube

Independent Non-executive Director

Alfred joined the bank in 2009. He is the managing director of Lazare Kaplan Botswana (Pty) Ltd., a subsidiary of Lazare Kaplan International Inc. of New York. A foreign policy specialist and career diplomat, Alfred began his career in 1978 and has held appointments as Botswana’s ambassador to different missions around the world, including the United Nations. He holds a BA (Hons) from the University of Essex, UK.

Kenneth Molosi

Independent Non-executive Director

Kenneth joined the Board in 2009. He is the chief executive officer at EOH Consulting, a leading management consultancy in Botswana. He has more than 21 years’ experience in various industries and sectors including: government, telecommunications, information technology, financial services, health insurance and tax administration. Kenneth is an expert in ICT deployment and business strategy development, having led consultancies in both public and private sectors in countries such as Botswana, Namibia, Tanzania, USA and South Africa. He has published several thought leadership articles on technology, strategy and talent management in the local media. Kenneth is a certified balanced scorecard practitioner and has facilitated the annual Palladium Balanced Scorecard Boot Camp in Botswana and South Africa. He holds an MSc in Information Systems from Pace University, USA, and a BBA from Brock University, Canada. Kenneth currently sits on the advisory board of the University of Stellenbosch (Executive Development) and is a member of Palladium’s Execution Premium Community (XPC).

Kgotlayarona Ramaphane

Independent Non-executive Director

Kgotlayarona joined the board in 2018. He has previously served as the CEO of the Public Enterprises Evaluation and Privatisation Agency (PEEPA). He also served as head of performance monitoring of PEEPA, where his responsibilities included advising Government on performance and corporate governance issues of parastatals.

He has over 30 years of experience in project and business management in public enterprises. Prior to his appointment to PEEPA, Kgotlayarona served in a number of high-profile positions in leading organisations, including Botswana Railways, University of Botswana and Botswana Technology Centre. He has also served as a board member of Botswana Privatisation Asset Holding.

Kgotlayarona holds an MBA from Stirling University (United Kingdom), a BCom from University of Botswana and a certificate in high-performance leadership from University of Oxford. He is also a qualified PRINCE2 project management practitioner and a corporate governance practitioner.

Mohamed Osman

Independent Non-executive Director

Mohamed joined the board in 2018. He is the group finance director of the Sefalana Group of Companies, a position he has held since 2013. He is a qualified chartered accountant and is a fellow member of both the Institute of Chartered Accountants of England and Wales (ICAEW) and the Botswana Institute of Chartered Accountants (BICA). He is also Botswana’s representative for the ICEAW and has served on the BICA Technical Committee for a number of years.

Mohamed has over 13 years’ of experience in the provision of audit services and has worked as a senior manager at leading audit firms in the UK, including Ernst & Young Birmingham and KPMG Birmingham; and at KPMG in Botswana. Mohamed is also an Audit Committee member for the University of Botswana.

Mohamed holds an Executive MBA in International Management from the University of Edinburgh and a BCom (Hons) in Accounting and Finance from the University of Birmingham. He has also attended executive leadership programmes at the Harvard Business School in Boston and the MIT Sloan School of Management in Cambridge, USA.