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ABSA refines its investments on Trade and Agriculture


Newly transformed Bank, ABSA Bank Botswana will be investing in crucial sectors of development of the national economy including trade, agriculture, SME’s, infrastructure and investments this has since been revealed by the bank’s Managing Director Keabetswe Pheko-Moshagane.

“With the underlying improvements in technological capabilities and connectivity and the proliferation of mobile devices, we anticipate exciting times ahead for the digital transformation of the market. You can expect more digital innovations from us that will enhance our customer experience,” said Pheko-Moshagane.

She has told that the bank will continue to play a critical role by investing in these sectors without neglecting the ordinary citizen who seeks quality financial services and safe investments for their hard earned money. Last week the bank acquired their new name to ABSA Bank Botswana following their completion of the legal name from Barclays Bank Botswana to ABSA Bank.

ABSA is a subsidiary of ABSA Group Limited, and the name change has since been linked to the realization of an ambition to become a fully independent African Bank. Furthermore, the MD has reassured their clients that whereas the name has changed, their commitment to being a dedicated banking partner remains.

Pheko-Moshagane said that their customers need not to change account details and will continue to do their banking transactions smoothly. There will be no fee charges associated with their rebranding. She notes further that the bank will be continuing to provide direct employment to 1200 people in Botswana and over 200 indirect jobs including their agency banking partners.