The BSE today listed and commenced the trading of 10,287,949 Letters of Allocation for Standard Chartered Bank of Botswana Limited (SCBB), derived from the Rights Offer ratio of 1 letter for every 28 SCBB ordinary shares. The last date of trading of these securities on the BSE is 12th October 2010. Though the Rights Offer Timetable indicates that the Last Day for Dealing in Letters of Allocation is the 13th October 2010, the BSE will stop trading the Letters on the 12th October 2010 due to settlement restrictions of the Central Securities Depository. Normal settlement circle shall end with trades executed on the 7th October 2010.
African Banking Corporation of Botswana Limited trading as BancABC, a wholly owned subsidiary of Botswana Stock Exchange listed company ABC Holdings Limited, was granted a commercial banking license by the Bank of Botswana in August 2009.
BancABC is pleased to announce the launch of its interactive investor relations website, an online disclosure platform designed to encourage and promote direct two-way online communication with our broad base of investors and stakeholders on a real time basis.
African Banking Corporation Botswana - 10 Mar, 2010
BancABC, the regional banking operations of Botswana listed ABC Holdings, released its annual results for the year ending December 2009 today. The results show income growth across all operations except Zambia and an enlarged and strengthened balance sheet.
BancABC, the regional banking operations of Botswana listed ABC Holdings, continued to generate profit, strengthen its balance sheet and grow operations during the first half of 2009. The announcement of ABC Holdings' interim results comes at a time when a number of global and regional banks are reporting losses and contracting capital bases.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/27/13 -- Lucara Diamond Corp. ("Lucara" or the "Company") (TSX: LUC)(BOTSWANA: LUC)(NASDAQ OMX First North: LUC) is pleased to announce the appointment of Mr. Paul Day as Chief Operating Officer of the Company effective as of April 15, 2013. Mr. Day will be based in Gaborone, Botswana to be close to the Karowe Mine allowing for quick and efficient interaction with the operations and project teams.
The prestigious financial monthly magazine, EuroMoney published in the United Kingdom has given FNB Botswana the 2004 award for "Best Bank in Botswana". The publication made the award as part of the "African Awards for Excellence" ceremony held at the National History Museum in London recently.
Johannesburg has for long represented Africa’s foremost economy and has been positioned as the financial hub of the continent. It is, however, also a very competitive market within the financial sector with several giants vying against each other.
ABC Holdings Limited, the Botswana registered pan-African bank, announced that it has taken 63% stake in Iroko financial products, a Mauritian based company. Iroko financial products is the parent company of Iroko Securities UK, a London based debt capital markets business.
The group delivered reduced headline earnings on a historical cost basis of BWP14.4 million compared to BWP25.5 million in the previous year. The decline in earnings can be partially attributed to the appreciation of the reporting currency, Botswana pula, which rose by 21% against the US dollar since 30 June 2002.
African Banking Corporation aspires to be Africa’s greatest banking group. In achieving this status, we realise that we need to do more than make profits; we need to create, innovate, educate, support and develop. We need to make a permanent contribution - a contribution to our clients, a contribution to our people and a contribution to our continent.