First National Bank reaps fruits of Africa expansion in Botswana

First National Bank reaps fruits of Africa expansion in Botswana

There is so much to gain by expanding business operations and investing in the rest of Africa. South Africa’s First National Bank (FNB) understood that logic and took risks, bearing in mind that those who failed never tried.

Now, the First Rand Bank Limited-owned bank seems to be slowly but surely reaping the fruits of that African adventure.

Botswana, South Africa’s northern neighbour, is the first example of that episode of growth and expansion across the African continent.

FNB Botswana (FNBB) opened its new head office on 5 August 2013 in the heart of the capital Gaborone.  The head office, named First Place,  is a continuation of the FNBB’s broader strategy to bring all its business areas, product and services under one roof, the bank said today in a statement.

The building was officially launched by Botswana Vice President Dr Ponatshego H. Kedikilwe.

The head office is a five-storey state-of-the-art building comprising a branch, a bulk cash facility, double basement parking, customer designated parking areas, staff gym and cafeteria, modern fittings, and superior building management services, the statement said.

More than 600 employees are currently working in that building, which is said to be a conducive working environment and a comfortable place to do business.

“Investing in a new head office supports our service strategy of bringing value-added solutions to customers at a location convenient for business. A more spacious, conducive and brand customised premise allows all divisions of the Bank to benefit from synergies resulting in improved efficiencies,” FNBB CEO Lorato Boakgomo-Ntakhwana said.

“We strongly believe in the economic growth potential of Botswana. Our role as a proudly African organisation extends further than banking and we see this development as a tangible expression of its commitment to Botswana and the CBD region,” FNB Africa COO Leonard Haynes said.

Through First Place, FNBB said that it has cemented its place as part of the CBD’s growth story.

As of March 2011, FNBB employed over 1042 people stationed in 19 branches countrywide to serve its diverse customer base, according to This is Botswana website.

Photo: FNB Botswana’ new headquarters in the Central Business District of the capital Botswana

Related Posts Plugin for WordPress, Blogger...

, ,

Comments are closed.