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

Kealeboga N. Bojosi
Kealeboga N. Bojosi

Head of Legal

Kealeboga Bojosi has over 20 years of professional experience and is currently the Head of Legal, having joined the Bank in October 2012.

Kealeboga has read, taught and practiced law in Botswana and England, specialising in banking, finance, general commercial law and corporate governance.

Amongst other qualifications, Kealeboga holds an LLM from the University of Cambridge and a Doctor of Philosophy from Oxford University and is a Solicitor of the Supreme Court of England and Wales.

He has also completed several executive management courses, including the Oxford Leadership Program through the Said Business School, Oxford University.

Mohamed Osman
Krishnan Menon

Chief Operating Officer 

Krishnan has over 24 years of professional experience and is currently the Chief Operating Officer, having joined the Bank in January 2020.  

Krishnan previously worked for Barclays PLC Group for over a decade, having managed corporate operations for the UK and subsequently being the Chief Administrative Officer of Barclays Shared Service Centres in India. His vast experience includes exposure in retail and corporate banking across multiple geographies including the United Kingdom (UK), Middle East, Asia, and Africa.

He moved to Africa in 2012 to lead the operational transformation initiative for the region, which oversaw the utilisation of viable digital alternatives to traditional operations.

Krishnan holds a Bachelor of Science in Mathematics from Calicut University, India. He has also completed several leadership programmes.

Leroy Klein
Leroy Klein

Acting Finance Director 

Leroy  has over 18 years of professional experience and is currently the Acting Finance Director, having joined the Bank in May 2008.

Leroy has previously held various positions within the Bank, including middle and senior management roles within the treasury department, and was appointed the Country Treasurer in September 2017 and Chief Risk Officer in May 2020. He Previously 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). He recently obtained an MBA from Oxford Brookes University - United Kingdom, and has completed the Executive Development Programme at the University of Stellenbosch Business School. He has also completed several leadership programmes.

Kgotlayarona Ramaphane
Valeta Mthimkhulu

Retail Banking Director

Valeta has over 20 years of professional experience, and is currently the Retail Banking Director, having joined the Bank in January 2020.

Valeta’s extensive experience is mostly across retail and business banking, marketing and corporate affairs as well as project management. Prior to joining the Bank, she was the country head for retail banking at Standard Chartered Bank, Zimbabwe. She also previously worked for Barclays Bank Zimbabwe for 19 years and held various positions including the Consumer Banking Director and the Regional Head of Corporate Affairs overseeing Zimbabwe, Botswana and Zambia.

Valeta holds a Master of Philosophy in Development Finance from the University of Stellenbosch Business School and a Bachelor of Commerce Degree in Banking from National University of Science and Technology, Zimbabwe. She has served on various Boards in Zimbabwe in the banking and not-for-profit sectors and has also completed the prestigious leadership program with IMD business school, Switzerland, as well as other leadership programmes.

Kgotlayarona Ramaphane
Maungo Mokotedi

Chief Credit Officer

Maungo has over 20 years of professional experience and is currently the Chief Credit Officer, having joined the Bank in July 2018.

Mango previously held various positions within the Bank including Acting Chief Risk Officer and Head of Corporate Credit. Prior to joining the Bank, Maungo supported strategic priorities, business growth and led diverse teams at middle and senior management level across organisations such as BancABC (now Access Bank Botswana), Standard Chartered Bank Botswana Limited and Letshego Financial Services Botswana.

Maungo holds a Master of Science in Strategic Management from University of Derby (UK) and a Bachelor of Accounting from the University of Botswana.

Kgotlayarona Ramaphane
Salma Baduel

Country Treasurer

Salma has over 13 years of professional experience and is currently the Country Treasurer, having joined the Bank in February 2014.

Salma has held various positions within the Bank, including the Head of Balance Sheet Management and a short-term assignment in Absa Group where her duties included overseeing the liquidity, interest rate risk and capital management processes in all the Absa Africa Entities.

Salma started her career in treasury at First Capital Bank as a Money Market Trader and holds a Bachelor of Science in Mathematics from the University of Botswana and an Executive Masters’ Degree in Positive Leadership and Transformation from University, Spain.

Kgotlayarona Ramaphane
Segomotso Eugenia Banda

People Function Director

Segomotso has over 20 years of professional experience and is currently the People Function Director, having joined the Bank in April 2022.

Segomotso previously worked for Cresta Hotels with local and regional responsibilities, with exposure to the labour environments in Botswana, Zambia, Zimbabwe, Malawi and South Africa. She has over 15 years of experience as an Industrial Court Assessor at the Industrial Court of Botswana, on behalf of Business Botswana Association.

Segomotso holds Master of Science in Human Resource Management, University of Manchester and Bachelor of Commerce - Management with University of Botswana. She has also completed several leadership programmes.

Kgotlayarona Ramaphane
Dennis Mambure

Head of Marketing and Corporate Affairs

Dennis has over 23 years of professional experience and is currently the Head of Marketing and Corporate Affairs, having joined the Bank in May 2022.

Dennis previously held senior roles in Barclays Bank of Zimbabwe and FMB capital Holdings plc.  His vast experience span across marketing, corporate relations, sales and product management within the banking, telecommunications, agriculture and manufacturing sectors.

Dennis is a Council member of the Women’s University in Africa, a Fellow of the Chartered Institute of Marketing (UK). He holds an MSc in Marketing, Master of Public Policy and Governance (Africa University) as well as a Bachelor of Commerce, Honours in Marketing, National University of Science and Technology, Zimbabwe.

Kgotlayarona Ramaphane
Keletso Setimela

Business Banking Director

Keletso has over 27 years of professional experience and is currently the Business Banking Director, having joined the Bank in July 2013.

Keletso has held various positions within the Bank including the Head of SME Banking with previous experience across telecommunications, entrepreneurship and enterprise development, development financial institutions, commercial banking and economic corruption investigation. He previously worked for organisations such as Stanbic Bank Botswana Limited, the Citizen Entrepreneurial Development Agency (CEDA) and the  Local Enterprise Authority (LEA).

Keletso holds Master of Science- Strategic Management, University of Derby, Bachelor of Commerce (Accountancy), University of Botswana, Diploma in SMEs Development and Management, Galilee College, Israel. He has  attended several leadership programmes.

Kgotlayarona Ramaphane
Tebogo Giddie

Corporate Banking Director

Tebogo has over 18 years of professional experience and is currently the Corporate Banking Director, having joined the bank in June 2020.

Tebogo joined the Bank as the Head of Transactional Banking, previously working for Stanbic Bank Botswana Limited and Standard Chartered Bank Botswana Limited.  Her experience spans across cash management and trade finance solutions on strategic and acquisition clients, public sector relationship management as well as experience in the human capital and hospitality industries in Botswana. 

Tebogo holds a Master of Science, Strategic Management from the University of Derbyshire, United Kingdom, and a Bachelors of Arts, Human Resources Management from Durban University, Pietermaritzburg, South Africa. She has also completed several leadership programmes.

Kgotlayarona Ramaphane
James Nthoyi

Head of Markets

James has over 12 years of professional experience, and is currently the Head of Markets, having joined the Bank in January 2014.

James has held various positions within the Bank, including the Head of Trading, and a short-term assignment to Absa Capital, South Africa, where he spent time trading interest rates and currencies across the various African jurisdictions in the Absa Group. He previously worked at First National Bank Botswana where he was a fixed-income and currency trader.

James holds a Bachelor of Commerce degree from the University of Cape Town, South Africa and recently completed an Executive Master of Business Administration from the IMD Business School, Switzerland.

Kgotlayarona Ramaphane
Puseletso Nyamambi

Compliance Director

Puseletso has over 20 years professional experience and is currently the Compliance Director, having joined the Bank in November 2008.

Puseletso has held various positions within the Bank, including the Head of Financial Crime and Fraud Operations, and previously worked for Stanbic Bank Botswana Limited as well as the Directorate on Corruption and Economic Crime.  Her experience spans across fraud management and financial crime.

Puseletso has been certified as a Compliance Professional through Association of Certified Compliance Professionals in Africa (ACCPA).

She holds a Bachelor of Arts (Criminology and Psychology Major) from Melbourne University, Australia. She also holds Post Graduate Certificates in Enterprise Risk Management and Finance for Non-Financial Managers, both of which were acquired through the Botswana Accountancy College and  has completed several leadership programmes such as the Global Management Foundation Program conducted in conjunction with IMD Business School for Management and Leadership in Switzerland.

Kgotlayarona Ramaphane
Barati Rwelengera

Chief of Staff, Strategy and Sustainability Officer
(CMC Secretariat)

Barati has over 20 years of professional experience and is currently the Chief of Staff, Strategy and Sustainability Officer, having joined the Bank in June 2016. She joined the Bank as the Chief Internal Auditor and has extensive experience in audit, governance, risk management and controls and strategy in the financial services industry.

Barati previously worked at Letshego Holding Limited, where she left as the Group Head of Internal Audit. She also worked for Pricewaterhouse Coopers (PWC), where she provided audit and other assurance services to various clients across all industries in Botswana, as well as being involved in international assignments in the United States of America.

Barati is a fellow member of the Association of Chartered and Certified Accountants (ACCA) and holds a Post Graduate Diploma in Business Administration from the University of Cape Town’s Graduate School of Business. She is a PRINCE II practitioner and completed the Yale School of Management Executive Program on corporate sustainability management, risk, profit and purpose.

Kgotlayarona Ramaphane
Loungo Kedikilwe

Acting Chief Risky Officer

Loungo has over 11 years of professional experience and is currently the Acting Chief Risk Officer, having joined the Bank as the Market and

Treasury Risk Manager in August 2023. She was subsequently appointed as the Head of Enterprise Risk in December 2023.

Prior to joining the Bank, she was with Vunani Fund Managers for over eight years, and held various middle and senior management roles, including the Head of Operations. She has also worked for organisations such as Stanlib Investment Management Services.

She holds a Bachelor of Arts in Finance from University of Hertfordshire, UK, certificates of proficiency in short term insurance and enterprise risk management from Botswana Accountancy College, Botswana. She also holds an Advanced Project Management certificate from the University of Cape Town, South Africa and has completed courses in ESG fundamentals.

Kgotlayarona Ramaphane
Idah Nkoloi

Chief Internal Auditor – Attending CMC by Invite

Idah has over 18 years of professional experience and is currently the Chief Internal Auditor, having joined the Bank in September 2018. As Chief Internal Auditor, she functionally reports to the Board Audit Committee through the Board Audit Committee Chairperson and administratively reports to the Managing director, attending CMC meetings by invitation.

Idah oversees the effectiveness of governance, risk management and control over current and evolving risks in the context of the current and expected business environment and previously worked at Deloitte & Touché Botswana Audit and Assurance division.

Idah is a fellow member of the Association of Chartered and Certified Accountants (ACCA), and a fellow member of the Institute of Chartered Accountants (BICA). She is also a Certified Internal Auditor with the Institute of Internal Auditors (IIA).

Kgotlayarona Ramaphane
Yonta Leburu

Company Secretary – Attending CMC by Invite

Yonta has over 13 years of professional experience and is currently the Bank’s Company Secretary, having joined the Bank in July 2014. As Company Secretary, she functionally reports to the Board through the Board Chairperson and administratively reports to the Managing director, attending CMC meetings by invitation.

Yonta has held various positions within the Bank, including the Corporate and Investment Banking Compliance Manager, Country Project Manager and Deputy Chief of Staff in the Managing Director’s office.  She previously worked at Stanbic Bank Botswana where she was a Compliance Risk Manager and Money Laundering Reporting Officer.

Yonta is an admitted attorney in the High Court and Other Courts of the Republic of Botswana and has been certified as a Compliance Professional through the Association of Certified Compliance Professionals in Africa (ACCPA).

She holds a Master of Laws (LLM) in Global Corporate Compliance from IE University, Spain; a Post Graduate Compliance Risk Diploma from the University of Johannesburg, South Africa; a Bachelor of Laws (LLB) and a Bachelor of Social Science (Politics, Public Administration and Policy Majors) from the University of Cape Town, South Africa. Yonta has also completed a US Corporate Law and Governance program with New York University and has undertaken several leadership courses, including the Compliance Career Academy Program, facilitated by Judge Business School, Cambridge and the Young African Leaders Initiative Regional Leadership Centre Program (USAID grantee).

Kgotlayarona Ramaphane
Cosmas Moapare

Board Chairman
Member of the Human Resources, Remuneration and Nominations Committee

Cosmas has over 28 years of professional experience and joined the Bank’s Board in March 2020. He was appointed as the Interim Board Chairman on 1 November 2023, post which he assumed the role of substantive Board Chairman on 23 May 2024. He is the previous Lead Independent Director and Chairman of the Board Audit Committee.

Cosmas is the founder and chief strategy officer of Cosburg (Pty) Ltd and has held various senior positions at Botswana Telecommunications Corporation, Botswana Telecommunications Authority (presently Botswana Communications Regulatory Authority), and the Local Enterprise Authority (LEA), where he was the Deputy Chief Executive Officer.

He has immense directorship experience with previous seats on the boards of Air Botswana, 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 Chartered Accountants (BICA) Practice Review Committee. Cosmas also previously served as the Chairman of the LEA Pension Fund.

Cosmas is a Chartered Accountant by profession a Fellow of the BICA. He holds a Bachelor Commerce degree from the University of Botswana and has completed various executive and professional courses.

Alfred Dube
Kgotlayarona Ramaphane

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

Kgotlayarona has over 30 years of professional experience and joined the Bank’s Board in August 2018.  He was appointed as the Interim Lead Independent Director on 1 November 2023 and the substantive Lead Independent Director on 23 May 2024.

Kgotlayarona 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.

Before his appointment to PEEPA, Kgotlayarona served in several leadership positions in organisations such as Botswana Railways and Botswana Technology Centre. He has also served as a Board Member of Botswana Privatisation Assets Holding.

Kgotlayarona 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. He is also a qualified PRINCE2 project management practitioner and a corporate governance practitioner.

Kgotlayarona Ramaphane
Sari Helena Nikka

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

Sari has over 25 years of professional experience primarily in international finance, and joined the Bank’s Board in March 2020. She previously served as the Chief Executive Officer of Norsad Finance Limited (Botswana, Zambia), which 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. Sari has considerable experience in risk management and international best practices on environmental, social and governance (ESG) standards.

Prior to working for Norsad, Sari 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.

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

Sari 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
Chairperson of the Audit Committee

Benjamin has over 25 years of professional experience in various sectors and joined the Bank’s Board in March 2020.  He was appointed Interim Board Audit Committee Chairman on 1 November 2023.

Benjamin is the founder and Chief Executive Officer of ALT Capital Partners, a Pan African impact investor focusing on social impact retail property.

His previous experience includes  being the Chief Executive Officer of Sanlam Alternative Investments, Managing Director of STANLIB Asset Management and Africa, and Managing Director of Old Mutual Property. Benjamin also 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 the first Chairman of the Johannesburg Securities Exchange (JSE)-listed SA Corporate Real Estate Fund.

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

He 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 Credit Committee

Sethunya has over 26 years of professional experience with a forte in labour law and employee relations, and joined the Bank’s Board in September 2021.

Sethunya is the Managing Director and Principal Consultant of People Connections, which is a human resource and consultancy practice that she founded in 2002 and has  worked for various organisations such as Debswana Diamond Company, Botswana Telecommunications Corporation and Global Resorts Botswana. 

She previously served on the boards of Botswana Housing Corporation, Botswana Stock Exchange, Botswana Trade Commission and Women’s Finance House. Sethunya 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.

Sethunya holds Master of Science in Project Management from the University of Bolton in the United Kingdom, a Bachelor of Laws (LLB) from the University of Botswana, an Executive Leadership Program with Oxford University and has 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 has over 28 years of professional experience and joined the Bank’s Board in March 2022. He has worked as the Managing Director of Sechaba Breweries Holdings Limited and in other senior positions for organisations such as Barclays Bank, Mascom Wireless, KPMG Consulting, Accenture and Deloitte Consulting.

For much of his career, Thabo 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, Thabo established his own consulting firm providing services to clients directly and through subcontractor services and recently expanded his entrepreneurial interests by venturing into the information technology and transportation spaces.

Thabo has served on various boards  such as Botswana Life Retirement Annuity Fund, Bayport Financial Services, Standard Chartered Bank Education Trust, Sechaba Brewery Holdings Limited and Kgalagadi Breweries Limited. He is currently an independent non-executive director at G4S Botswana Limited.

Thabo 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
Member of the Risk Committee

Saviour has over 30 years of professional experience and joined the Bank’s Board in April 2022 as the Absa Group Limited (“Absa Group”) nominee.

Saviour is a seasoned banking executive with a career spanning across institutions such as Citibank, Barclays Bank, and Absa Group. Noteworthy roles within Absa Group include serving as Chief Executive of Absa Regional Operations overseeing business operations in 11 African countries, Regional Managing Director responsible for six banks, and Corporate Bank Head for Africa (excluding South Africa).  He previously held the position of Chief Executive Officer at Barclays Bank Zambia PLC, CEO at Citibank Zambia Limited, and Citibank Country Head in Ghana.

Saviour has served on various Boards and is a former Chairman of the Bankers Association of Zambia. He 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
Member of the Country Management Committee

Keabetswe has over 15 years of professional experience, particularly in the banking and telecommunications industry, and joined the Bank in October 2010.

She joined the Bank as 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. Preceding her appointment as the Bank’s Managing Director, Keabetswe held the position of the Bank’s Chief Operating Officer (COO).

Prior to joining the Bank, Keabetswe consulted for various companies and industries in South Africa. She has received various leadership awards, including the prestigious Definitive List of Women CEO’s of Africa’s top listed companies for a consecutive two-year period.

Keabetswe holds a Master’s in Business Administration with the Management College of South Africa (Mancosa) and Bachelor of Administration in Information Technology specialising in IT Management and Business Applications from the Tshwane University of Technology.

Keabetswe has also completed a programme in Positive Leadership and Transformation with IE University, Spain and attended several leadership trainings such as the Absa Leadership Academy Program, steered in conjunction with IMD Business School in Switzerland.

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