Bank Gaborone, formally Bank Gaborone Limited, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with ...

Botswana Botswana (, ), officially the Republic of Botswana ( tn, Lefatshe la Botswana, label= Setswana, ), is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory being the Kal ...

. , the bank had 5 branches and over 30

automated teller machine An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fund ...

s around 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 Rand Monetary Area (RMA). In 1974 Botswana withdrew from the RMA, and the Bank of Botswana and Finan ...

issued a license to Bank Gaborone Limited to commence with its full retail banking business on February 1, 2006. Bank Gaborone opened their first branch on Pilane Road,

Gaborone Gaborone ( , , ) is the capital and largest city of Botswana with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its agglomeration is home to 421,907 inhabitants at the 2011 census. Gaboron ...

during September 2006. Since 2022 the bank boasts of 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 Cavmont Bank Limited is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator. Location The headquarters and main branch of Cavmont Bank Limited are located at 2374 Thabo Mbeki Road ...

(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 Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a registered commercial bank in Namibia, which is licensed by the Bank of Namibia (BoN) to operate in the country. It provides financial services to its clients in Namibia which i ...

- 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,

# Game City Mall Branch -

# 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 ...

# Francistown Branch - Galo Mall,

Francistown Francistown is the second largest city in Botswana, with a population of about 103,417 and 147,122 inhabitants for its agglomeration at the 2022 census. and often described as the "''Capital of the North''" or as the natives would have it “''T ...

# Ghanzi Branch - Ghanzi # CBD Branch,

# Rail park Shopping Mall,

# Game city mall,

# Airport Junction Mall

References

{{reflist Banks of Gaborone Banks established in 2006

History

Ownership

Group Structure

Branches

See also

References