Bank Gaborone
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Bank Gaborone Limited (Bank Gaborone) is a
commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...
in
Botswana Botswana, officially the Republic of Botswana, is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the sou ...
. It is a subsidiary of the Capricorn Group. , the bank had 5 branches and over 30 ATMs throughout the country.


History

The
Bank of Botswana The Bank of Botswana (BoB; ) is the central bank of Botswana. When Botswana gained independence from Britain in 1966, the country was part of the Common Monetary Area, Rand Monetary Area (RMA). In 1974 Botswana withdrew from the RMA, and the Ban ...
issued a license to Bank Gaborone Limited to commence with its full retail banking business on 1 February 2006. The bank opened their first branch on Pilane Road,
Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...
during September 2006. Since 2022, the bank boasts 11 branches in the city's main mall, Gamecity Mall, Central business district (Gaborone), Molepolole, Kang, Ghanzi, Maun, Kasane, Francistown, Palapaye and Mahalapye.


Ownership

Bank Gaborone is a 100% subsidiary of ''Capricorn Investment Holdings (Botswana) Limited'' (CIHB). In turn, CIHB is 94.9% owned by Capricorn Investment Holdings (CIH).


Group Structure

Capricorn Investment Holdings owns other financial institutions in whole or in part, including the following: * Botswana :* Capricorn Investment Holdings (Botswana) Limited - 94.9% Shareholding :* Bank Gaborone Limited - 94.9% Shareholding :* Ellwood Insurance Brokers limited - 94.9% Shareholding :* SmartSwitch Botswana Limited - 47.5% Shareholding :* Capricorn Asset Management Limited - 75.2% Shareholding :* Capricorn Capital Limited - 100% Shareholding :* Cyan ES Limited - 100% Shareholding * Namibia :* Bank Windhoek Holdings Limited - 73% Shareholding :* Bank Windhoek - 73% Shareholding :* BW finance Limited - 73% Shareholding :* Welwitschia Nammic Insurance Brokers Limited - 56.7% Shareholding :* Namib Bou Limited - 73% Shareholding :* Santam Namibia Limited - 18.3%Shareholding :* Sanlam Namibia Holdings Limited - 21.5% Shareholding :* Nammic Financial Services Holdings - 100% Shareholding :* GH Group Employee Share Trust - 16.4% Shareholding * Zambia :* Cavmont Capital Holdings Zambia Plc. - 44.5% Shareholding :* Cavmont Capital Bank - 44.5% Shareholding


Branches

, the bank maintains branches at the following locations: # Main Branch - Main Mall,
Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...
# Game City Mall Branch -
Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...
# Molepolole Branch - Mafenyatlala Mall,
Molepolole Molepolole is a large village in Kweneng District, Botswana. The people who reside in Molepolole are called Bakwena, who are one of the eight major tribes in Botswana. The Bakwena Kgosi (Chief), Sebele I was among the three chiefs who went to E ...
# Francistown Branch - Galo Mall,
Francistown Francistown is the second-largest city in Botswana, with a population of about 103,417 inhabitants and 147,122 inhabitants in its agglomeration at the 2022 census. It is located in eastern Botswana, about north-northeast from the capital, Gabo ...
# Ghanzi Branch - Ghanzi # CBD Branch,
Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...
# Rail park Shopping Mall,
Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...
# Game city mall,
Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...
# Airport Junction Mall
Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...


See also

* List of banks in Botswana * List of banks in Namibia * List of banks in Zambia


References

{{reflist Banks of Gaborone Banks established in 2006