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Barclays Bank PLC commenced operations in Botswana since 1950. In 1975 the bank was incorporated locally, as Barclays Bank of Botswana Limited. Until May 1986, it operated as an autonomous, wholly owned subsidiary of Barclays Bank PLC and was managed from its head office in Gaborone
In 1986, ordinary shares in the Bank were issued to employees of the bank. Following a further right issue to Botswana citizens in 1987, the Barclays Bank PLC shareholding was reduced to 80.4%. A subsequent rights issue in 1991 diluted this shareholding to 74.86%
Today Barclays Bank of Botswana has grown tremendously in the country; operating a network of 54 branches includiing sales and service centre and 100 atm's around the coutry. Barclays Bank of Botswana has the largest customer base in the retail, corporate and non profit making organisations segments.
Barclays Bank of Botswana’s vision is to become the leading contributor to Botswana’s banking service future.
Network:
To date there are:
Head Office Address:
Barclays House
6th Floor
Plot 8842
Khama Crescent
Gaborone
Botswana
Telephone number: 267 395 2041
Fax number: 267 390 6604
About Botswana:
Botswana is one of the key African economies that are growing at an impressive rate, encouraged by growing political stability and financial prudence. Diamond mining forms the mainstay of the country's economy, and growing revenue is also being derived from tourism, the exportation of motor vehicles and beef.
"Africa is becoming an increasingly important market in a global context."
Botswana has one of the best credit ratings in Africa with exceptionally high levels of foreign exchange reserves, it also benefits from close economic relations with South Africa.
Trade and exchange rate liberalisation throughout Africa are features of reforms designed to facilitate international investment and to achieve an economic climate that encourages business development. The increasing commitment from within is supported by several regional and global development agencies, all of which are committed to stimulating long-term business prospects throughout the continent.