OK Zimbabwe Limited is a leading supermarket retailer listed on the Zimbabwe Stock Exchange.
Who Is OK Zimbabwe Limited?
OK Zimbabwe Limited has been in existence since 1942, and has established itself as a customer-oriented retail organization providing comprehensive access to a broad range of retail products and allied services developed in response to its customers' requirements for convenience and value.
We Have A Long History
OK Zimbabwe Limited was first incorporated as Springmaster Corporation in 1953, and in 1984, its name was changed to Deltrade Limited which then subsequently changed to the current name in July 2001.
The inaugural branch was opened at OK First Street Harare (then Salisbury) in 1942 and the second branch in Bulawayo in 1952. A further five outlets had been opened across the country by the end of 1960. In 1977, Delta Corporation acquired the business operations in Springmaster Corporation (now OK Zimbabwe Limited), which they held until the de-merger in October 2001.
Business Operations
The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. The groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit and vegetable sections.
OK Zimbabwe Limited trades under three highly recognised brand names, OK Stores, Bon Marche’ Stores, and OKmart. The diversified distribution channel allows the Group to target all segments of the market. In this regard, the Group has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories.
OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes. The Group has developed its own brands through the Bon Marche’ Premier Choice and Shopperschoice labels.
What Differentiates Us
OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country's competitive retail sector. The Group has developed its own brands through the Bon Marché Premier Choice and Shopperschoice labels.
Main Categories
The Company is a leading supermarket retailer whose business covers three major categories:
Groceries:This includes the following sections:-
Dry groceries
Butchery
Delicatessen
Takeaway
Bakery
Provisions
Fruit and vegetables
Basic clothing and textiles; and
Houseware products.
**Another specialist area is school wear.
Main Brands
OK Zimbabwe Limited trades under three highly recognised brands, namely:
OK Stores
Bon Marché Stores
OKmart Mega Stores
Branch Network
All operations are carried out through a nationwide branch network which currently comprises:
52 OK Stores
8 Bon Marche’ Stores
8 OKmart Mega Stores
In February 2011, OK Zimbabwe Limited acquired the two Makro operations in Zimbabwe comprising of 8,000m2 of retail space in Harare and 5,000m2 in Bulawayo. A new brand store, OKmart, opened following a re-branding campaign. There are now 8 OKmart Mega Stores in Harare, Bulawayo, Gweru, Kwekwe, Masvingo, Mutare, Victoria Falls and Chivhu.
OKmart has at least 20 departments including sport, outdoor and camping, hi-tech, butchery, clothes and textiles, DIY, stationery and general groceries. The rebranded store also has a coffee shop and the Harare outlet boasts of 300 bays of parking space.
OK’s diversified distribution channel allows the Company to target all segments and the Company has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories. OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes.
The Company has its own high-quality in-house brand label – Shopperschoice which has products that are found in all of OK Zimbabwe’s store brands.
Structure And Ownership
The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. OK Zimbabwe Limited trades under three highly recognised brand names, OK stores, Bon Marché stores, and OKmart stores.
Main Operating Units
KEY FACTS
52 outlets nationwide
Hosts the largest retail promotion in Southern Africa
KEY FACTS
8 stores in Harare
Hosts health & wellness activities: Walk-A-Robix, Ultimate PowerWalk and Biggest Loser Challenge
KEY FACTS
8 mega stores nationwide
Over 35 000 product lines
OK Stores
The OK Stores brand boasts 52 outlets nationwide in the major towns and cities around the country. The OK Stores cater for the widest range of customers within the OK Zimbabwe stable. The up-market clientele being catered for by branches in the low density suburban areas and some city centre locations in key cities. The Harare city centre stores cater mainly for the middle income band and are planted strategically on route to various public transport locations. The mass market is catered for the large number of stores located in various low density suburban areas.
The OK Stores are undergoing a refurbishment programme, which management believe is essential to improve ambiance, refresh facilities and enhance the equity of the OK store brand.
The OK brand boasts the largest retail promotion in Southern Africa in the OK Grand Challenge Jackpot Promotion, which is run annually between April and June.
The promotion caters for and excites all market segments. The OK Grand Challenge was awarded the Retail Promotion of the Year Award by the Marketing Association of Zimbabwe in 2011, and the Superbrand Exceptional Promotional Campaign for 2014.
OK Stores: Harare: Ardmbare, Avonlea, Budiriro, Chitungwiza, Fife Avenue, First Street, Glen Norah, Glen View, Houghton Park, Julius Nyerere Way, Kuwadzana Main, Kuwadzana Express, Kwame Nkrumah, Mbuya Nehanda, Mabelreign, Mabvuku, Machipisa, Malvern, Marimba, Mbare, Mufakose, Queensdale, R. Manyika, Seke Makoni, St. Mary’s, Third Street, Waterfalls and Sanganayi.
Bulawayo: Entumbane, Jason Moyo and Lobengula.
Other: Bindura, Chegutu, Chinhoyi, Chipinge, Chiredzi, Gwanda, Gweru, Hwange, Kadoma, Karoi, Kwekwe, Marondera, Masvingo, Mutare, Ngezi, Norton, Rusape, Triangle, Victoria Falls, Banket and Zvishavane.
Bon Marché Stores
OKmart Mega Stores
Strategy
Opportunities for growth exist and emanate largely from economic recovery and increased disposable incomes. Following its recapitalization, OKZL is in a position to increase trading capacity and regain its market share.
Store upgrades and expansion continue in order to improve customer convenience and increase brand loyalty. The Company continues to implement strategies to increase market share while containing costs in order to maintain and grow shareholder value.
What We Offer
Through a total of 68 operating stores dotted across the country, OK Zimbabwe offers a wide array of products and services.
Our Key Products And Services
KEY FACTS
Access to cash beyond banking hours
Send money securely
No bank charges and no hidden costs
KEY FACTS
Access to cash beyond banking hours
Send money securely
No bank charges and no hidden costs
KEY FACTS
A 6-week celebration of Bon Marché
Hundreds of lifestyle prizes over the festive periods
OK Shop Easy
The OK Shop Easy facility is a shopping facility that enables the customer to shop without cash. It is a shopping voucher card which works the same way as a debit card. In other words, the customer loads his or her money onto the card and draws down from it as they transact.
The Shop Easy Card ensures that:
you have no change worries when you shop;
you can access cash beyond banking hours through our cashback facility;
you can send money to family securely by crediting their Shop Easy account;
you can send children to boarding school secure in the knowledge that their groceries can be replenished through the Shop Easy facility;
you can access all these at any of our branches nationwide with no bank charges and no hidden costs.
Simply put, OK Shop Easy offers convenience in one little card.
The Bon Marché Card
The Bon Marché Liv' it up Fiesta
Giving Back To The Community
OK Zimbabwe's pledge and commitment is to ensure that the Group continues to invest back into the communities it serves and operates in.
Our Key CSR Initiatives
The Group’s flagship CSR initiative which involves establishing tree nurseries within all the provinces of Zimbabwe – excluding Harare and Bulawayo – saw us setting up four (4) additional nurseries in 2015. OK is involved in the celebration of World Tree Planting Day, held annually on the first Saturday of December each year.
OK Zimbabwe is actively involved in sponsoring or donating to causes in the areas of health, education, students’ employment, charities, sports and the environment. Children’s Homes, Old People’s Homes, Hospice Centres and Disabled People’s Associations are amongst the beneficiaries of OK Zimbabwe’s Social Responsibility efforts.
Through its 68 branches, OK Zimbabwe Limited is involved in various local community activities. The branches are proud to be able to make a positive contribution to the communities in which they operate.
Below are some of our key social investment programmes:
Health And Safety
Education
Training
The Company continues to provide both preventative and curative health delivery services to its employees. Outreach programmes to family members of the sick and bedridden employees revealed a growing need for generic as well as systematic counselling services, which were provided through professionals.
Principles Of Corporate Governance
The Board is committed to the principles of good corporate governance and best practices, which endorse a culture of business ethics, openness, transparency, integrity and accountability in its dealings with all stakeholders.
Key Governance Parameters
The primary objective of any system of good corporate governance is to ensure that Directors, executives and managers, to whom stewardship of companies is entrusted by the shareholders, carry out their responsibilities faithfully, effectively and efficiently.
The Group’s structures, operations, policies and procedures are continuously assessed and updated for compliance with the law and generally accepted standards of good corporate governance.
Ethics
Directors and employees are required to observe the highest ethical standards, ensuring that business practices are conducted in a manner which, in all reasonable circumstances, is beyond reproach. In this regard, the Group has a detailed code of ethics for all levels of employees.
In line with the Zimbabwe Stock Exchange listing requirements, the Group observes a closed period prior to the publication of its interim and year-end financial results, during which period Directors, officers and employees may not deal in the shares of the Group. Where appropriate, this restriction is also extended to include other sensitive periods.
Equal Opportunity
Employee Participation
Safety, Health And Environment
Board Committees
In line with principles of good corporate governance, the Company constituted two permanent Board Committees to assist the Board in the discharge of its responsibilities as described below:-
Audit Committee
Remuneration Committee
The Committee consists of three Non-Executive Directors and the Chief Executive Officer, with the Finance Director attending as ex-oficio. The internal and external auditors attend the meetings and have unrestricted access to the Chairman of the Committee. The Committee meets at least twice a year.
The function of the Audit Committee is to advise the Board on all matters relating to corporate governance and regulatory issues. In particular, it monitors financial controls, accounting policies, accounting systems and assesses the processes of identifying, monitoring and managing business risks. The Audit Committee monitors the Internal Audit Charter, plans, programs, reports and recommends the appointment of external auditors.
View committee membership
P.O. BOX 3081 HARARE, ZIMBABWE
OK Zimbabwe Limited is a leading supermarket retailer listed on the Zimbabwe Stock Exchange
OK’s business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. The groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit and vegetable sections.
Who Is OK Zimbabwe Limited?
OK Zimbabwe Limited has been in existence since 1942, and has established itself as a customer-oriented retail organization providing comprehensive access to a broad range of retail products and allied services developed in response to its customers' requirements for convenience and value.
We Have A Long History
OK Zimbabwe Limited was first incorporated as Springmaster Corporation in 1953, and in 1984, its name was changed to Deltrade Limited which then subsequently changed to the current name in July 2001.
The inaugural branch was opened at OK First Street Harare (then Salisbury) in 1942 and the second branch in Bulawayo in 1952. A further five outlets had been opened across the country by the end of 1960. In 1977, Delta Corporation acquired the business operations in Springmaster Corporation (now OK Zimbabwe Limited), which they held until the de-merger in October 2001.
Business Operations
The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. The groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit and vegetable sections.
OK Zimbabwe Limited trades under three highly recognised brand names, OK Stores, Bon Marche’ Stores, and OKmart. The diversified distribution channel allows the Group to target all segments of the market. In this regard, the Group has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories.
OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes. The Group has developed its own brands through the Bon Marche’ Premier Choice and Shopperschoice labels.
What Differentiates Us
OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country's competitive retail sector. The Group has developed its own brands through the Bon Marché Premier Choice and Shopperschoice labels.
Main Categories
The Company is a leading supermarket retailer whose business covers three major categories:
Groceries:This includes the following sections:-
Dry groceries
Butchery
Delicatessen
Takeaway
Bakery
Provisions
Fruit and vegetables
Basic clothing and textiles; and
Houseware products.
**Another specialist area is school wear.
Main Brands
OK Zimbabwe Limited trades under three highly recognised brands, namely:
OK Stores
Bon Marché Stores
OKmart Mega Stores
Branch Network
All operations are carried out through a nationwide branch network which currently comprises:
52 OK Stores
8 Bon Marche’ Stores
8 OKmart Mega Stores
In February 2011, OK Zimbabwe Limited acquired the two Makro operations in Zimbabwe comprising of 8,000m2 of retail space in Harare and 5,000m2 in Bulawayo. A new brand store, OKmart, opened following a re-branding campaign. There are now 8 OKmart Mega Stores in Harare, Bulawayo, Gweru, Kwekwe, Masvingo, Mutare, Victoria Falls and Chivhu.
OKmart has at least 20 departments including sport, outdoor and camping, hi-tech, butchery, clothes and textiles, DIY, stationery and general groceries. The rebranded store also has a coffee shop and the Harare outlet boasts of 300 bays of parking space.
OK’s diversified distribution channel allows the Company to target all segments and the Company has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories. OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes.
The Company has its own high-quality in-house brand label – Shopperschoice which has products that are found in all of OK Zimbabwe’s store brands.
Structure And Ownership
The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. OK Zimbabwe Limited trades under three highly recognised brand names, OK stores, Bon Marché stores, and OKmart stores.
Main Operating Units
KEY FACTS
52 outlets nationwide
Hosts the largest retail promotion in Southern Africa
KEY FACTS
8 stores in Harare
Hosts health & wellness activities: Walk-A-Robix, Ultimate PowerWalk and Biggest Loser Challenge
KEY FACTS
8 mega stores nationwide
Over 35 000 product lines
OK Stores
The OK Stores brand boasts 52 outlets nationwide in the major towns and cities around the country. The OK Stores cater for the widest range of customers within the OK Zimbabwe stable. The up-market clientele being catered for by branches in the low density suburban areas and some city centre locations in key cities. The Harare city centre stores cater mainly for the middle income band and are planted strategically on route to various public transport locations. The mass market is catered for the large number of stores located in various low density suburban areas.
The OK Stores are undergoing a refurbishment programme, which management believe is essential to improve ambiance, refresh facilities and enhance the equity of the OK store brand.
The OK brand boasts the largest retail promotion in Southern Africa in the OK Grand Challenge Jackpot Promotion, which is run annually between April and June.
The promotion caters for and excites all market segments. The OK Grand Challenge was awarded the Retail Promotion of the Year Award by the Marketing Association of Zimbabwe in 2011, and the Superbrand Exceptional Promotional Campaign for 2014.
OK Stores: Harare: Ardmbare, Avonlea, Budiriro, Chitungwiza, Fife Avenue, First Street, Glen Norah, Glen View, Houghton Park, Julius Nyerere Way, Kuwadzana Main, Kuwadzana Express, Kwame Nkrumah, Mbuya Nehanda, Mabelreign, Mabvuku, Machipisa, Malvern, Marimba, Mbare, Mufakose, Queensdale, R. Manyika, Seke Makoni, St. Mary’s, Third Street, Waterfalls and Sanganayi.
Bulawayo: Entumbane, Jason Moyo and Lobengula.
Other: Bindura, Chegutu, Chinhoyi, Chipinge, Chiredzi, Gwanda, Gweru, Hwange, Kadoma, Karoi, Kwekwe, Marondera, Masvingo, Mutare, Ngezi, Norton, Rusape, Triangle, Victoria Falls, Banket and Zvishavane.
Bon Marché Stores
OKmart Mega Stores
Strategy
Opportunities for growth exist and emanate largely from economic recovery and increased disposable incomes. Following its recapitalization, OKZL is in a position to increase trading capacity and regain its market share.
Store upgrades and expansion continue in order to improve customer convenience and increase brand loyalty. The Company continues to implement strategies to increase market share while containing costs in order to maintain and grow shareholder value.
P.O. BOX 3081 HARARE, ZIMBABWE
Access Bank Botswana brings you more than banking.
As your partner, we are invested in building a mutually beneficial relationship that gives you access to superior advice, insight, specialist knowledge and experience from decades of banking across the globe. Together with exceptional customised solutions, you get the advantage you need to grow sustainably.
Access Bank is a strong financial institution with A1 and A+ Credit Ratings by Moody’s and Fitch respectively and is part of the World’s 500 most valuable banking brands. Access Bank is present in 3 continents as well as 12 countries in Africa and operates in the UAE and UK, with representative offices in China, India and Lebanon. With over 42 million customers, 2,900 ATMs, 9.8million unique mobile and internet banking users, 50,000 PoS terminals, 58,000 agents, and operations from 675 branches, it is the largest bank in Africa by customer numbers.
Our vision is to be the trusted local bank in Botswana, offering world-class solutions and building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services to benefit all stakeholders.
Leadership
Our organisation is serious about effective transformation and representation. This is clearly reflected in our leadership structure, with women comprising 54% of our management team.
AccessBank Botswana's senior leadership team leads with purpose, embracing disruption and change, influencing sector growth, nurturing talent and driving measurable results and impact.
Governance and Ethics
As an organisation, we believe in having strong governance structures with a transparent board that is able to hold the executive accountable for its actions. We also have a code of conduct that all employees are expected to adhere to. Professional and ethical conduct is an integral part of how AccessBank Botswana conducts its business on a daily basis.
AccessBank Botswana is committed to ensuring that the organisation is managed in an efficient, responsible and ethical manner, and in the interests of all its stakeholders.
We are committed to achieving the highest standards of corporate governance and corporate citizenship by adhering to the relevant codes of best practice, principles of fairness, accountability, responsibility, transparency and integrity.
This is the guiding ethos across the organisation.
Our Team
We have a young, agile workforce; 65% of our employees are millenials. Our team is made up of forward-thinking highly skilled individuals who believe in leveraging their extensive knowledge of the African banking sector and collaborating to find the best solutions for our investors and customer base.
Our people are empowered to deliver excellent strategic value and advice with professionalism, impact, relevance and foresight – delivering on our promises, every time.
ABC Holdings Limited is the parent company of a number of sub-Saharan Africa banks operating under the BancABC brand that offer a diverse range of financial services including personal, business and corporate banking as well as asset management, stockbroking and treasury services. Guided by its core values of professionalism, people, innovation, passion and integrity, BancABC is pursuing its vision be the preferred banking partner in Africa by offering world class financial solutions - to the benefit of all its stakeholders. BancABC is realising this vision by building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and servicesBancABC has a proud heritage dating back to 1956. The Group, which has its head office in Botswana, was formed as a result of a series of mergers and acquisitions of financial institutions operating in Southern Africa. This has given the Group a strong geographical footprint as well as a sound understanding of the diverse financial markets within the region. As a result, BancABC has operations in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe and a group services office in South Africa.BancABC has its primary listing on the Botswana Stock Exchange and a secondary listing on the Zimbabwe Stock Exchange. The Group's shareholders include, Old Mutual, Botswana Insurance Fund and the International Finance Corporation. The Management of BancABC, most of whom have a longstanding history with the bank, also holds significant shareholding within the Group thereby offering much needed stability to all stakeholders.
Group Structure
BREAK DOWN OF ABC HOLDINGS
ABC Holdings Limited is the holding company for a number of operating companies across sub-Saharan Africa each with independent banking licenses. ABC Holdings head office is in Botswana where it is listed on the BSE. A secondary listing on the ZSE in Zimbabwe is also held.
Values, Vision and Mission
BancABC's core values are the result of broad stakeholder consultation and centre on five distinct areas. They remain the guiding principles by which we operate and form the basis of our corporate personality.
Integrity is a key value of the Group which is the ability to be reliable, ethical, credible, and trustworthy with a great sense of heritage. Our cast iron ethics form our unquestionable character and business practice.
Passion describes the people focused, accessible, personal and customised approach, anchored on vital African energy. In short, we are passionate because we believe in and love what we do.
Innovation embodies the key traits of being visionary, dynamic, energetic, challenging and agile. In practical terms, adoption of this core value means devotion to driving change by provoking new ideas and always doing things differently.
Professionalism entails being uncompromising, focused, and confident in offering world-class products and services. We strive for excellence in what we do, and are always seeking to improve on our performance.
People is the essence of our existence. Our world class staff, customers, clients, shareholders and stakeholders define our ambitions, success and passion. Our passion for people makes us customer-centric.
Guided by these core values, BancABC's vision is to be the preferred banking partner in Africa by offering world class financial solutions.
Aligned to this vision BancABC's mission is to build profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services; to the benefit of all our stakeholders.
Committees
The Board is assisted in discharging its responsibilities by a number of sub-committees. Sub-committees are accountable to the Board, with minutes of sub-committee meetings circulated and reported on at the following Board meeting. Senior executives are invited to attend meetings where appropriate.
Board committees may make use of external professional advisers when necessary to discharge specific tasks.
Sustainability
BancABC recognises that sustainable development is dependent upon a positive interaction between economic growth, environmental protection as well as social upliftment. As a responsible corporate citizen, BancABC has a policy framework that is designed to ensure that all projects supported adhere to environmental and social regulations of the relevant local, national and international laws and standards.
THIS POLICY FRAMEWORK COMMITS BANCABC TO:
Provide in-house environmental education and support;
Recognise the environmental burden caused by consumption of resources and release of waste from our own business activities and aim to protect the environment through resource recycling as well as efficient use of energy and resources;
Support business activities that contribute to the protection and improvement of the environment;
Monitor the effects of our activities on the environment and work towards continuous improvement and pollution prevention;
Comply with all applicable laws and regulations related to environmental protection and other requirements to which BancABC Group companies are subject to and subscribe to; and
Provide financing to projects with minimal adverse impact on the environment while ensuring that those having potentially major adverse environmental and social impact are accompanied by adequate mitigation measures.
In order to ensure compliance with the last of these commitments, BancABC's credit risk assessment ensures that the social and environmental effects of its financial support are assessed and monitored. This Environmental and Social Review Appraisal Procedure (EASP) enables the integration of the environmental safeguards in projects so as to ensure that the potential risks associated with environmental and social issues as earlier mentioned are appropriately identified and mitigated.
KEY COMPONENTS OF THE EASP ARE:
An assessment of potential and current environmental and social risks and impacts arising out of the proposal; and
The commitment and capacity of the borrower to manage these impacts.
Against this background, the procedure ensures that projects financed by BancABC are environmentally and socially sound and sustainable and that any potential environmental and social risks are identified, evaluated and where necessary, mitigated. In line with its policy, BancABC will not finance any business activity that cannot reasonably be expected to meet the required Environmental and Social standards up front.As an African bank, BancABC recognises it has a responsibility to uplift and support social programmes in Africa . That is why, through various programmes and initiatives in Southern Africa, BancABC continues to be involved in the development of the most vulnerable group on our continent - women and children. BancABC believes that only when the women and children of Africa are free to pursue their dreams will the continent unlock its full potential.BancABC is also a patron of the arts. We also believe that a vibrant arts and culture is a vital expression of our continent's identity. Africa boasts a rich artistic and cultural heritage that is as diverse as its people. This heritage is the soul of our continent and in order for it to grow and thrive, needs to be nurtured and celebrated. It is for this reason that BancABC offers unwavering support in helping develop this vital element of the african continent.
Corporate Information
Controlling company - ABC Holdings Limited
Registration number 99/4865
REGISTERED OFFICE
Rhoss (Pty) LimitedUnit G3, Victoria HousePlot 132 Independence Avenue,P. O. Box AD54ACJ RiverwalkGaboroneBotswanaTelephone: +267 395 7524Fax: +267 395 7062e-mail: info@bancabc.com
PLACE OF BUSINESS
ABC HousePlot 62433 Fairgrounds Office ParkGaboroneBotswana
BOARD OF DIRECTORS
Livingstone Takudzwa GwataJacob Jones SikazweMark Martijn SchneidersSanjeev AnandNaran MaharajhTinotenda Gwendoline MuteiwaSharron Laverne McPherson
AUDITORS
KPMG BotswanaPlot 67977, Fairgrounds Office ParkGaboroneBotswanaTel: +267 391 2400Fax: +267 397 5281
SECRETARY TO THE BOARD
Dorothy Tafadzwa MatizaAddress: ABC House , Plot 62433 Fairgrounds Office Park Gaborone, BotswanaTelephone: +267 367 4339Fax: +267 390 5857email: dmatiza@bancabc.com
GROUP COMPANY SECRETARY
Dorothy Tafadzwa MatizaAddress: ABC House , Plot 62433 Fairgrounds Office Park Gaborone, BotswanaTelephone: +267 367 4339Fax: +267 390 5857email: dmatiza@bancabc.com
From inception, the hallmark of Metbank’s existence has been a unique brand proposition that places a premium on the value of our customers. This is why we continue enjoying a steady, organic growth in our services which are in tune with our world-class product offering. Our innovative national branch network has enabled Metbank to transform into the commercial bank of choice for our diverse clientele.
All Consumers, SMEs, Corporates and public-sector enterprises are sure to enjoy the broad range of our financial products and services on offer. From consumer, credit, mortgage, corporate, investment and international banking to trade finance and treasury services, our value added services are the perfect fit for today’s personal and business needs. Clients can access our wide distribution channel of 5 retail branches complimented by a large Agent Base offering banking solutions to current account holders and the unbanked market alike.
Vision
To be the leading financial services provider of choice in the region.
Mission
To consistently exceed the needs and expectations of our clients and other stakeholders through the provision of innovative, high quality and superior financial services.
Values
Team Work
Innovation
Professionalism
Excellence
Ethics & Integrity
Service Quality
Stronger Together
We are stronger together; that is why we offer value added services that enable our clients to prosper. When our clients prosper, their support leads to the growth of the Metbank brand.
Our People
Metbank prides itself in its people - well trained, experienced, eager to learn and driven by the desire to serve. Our Specialists across the bank’s branch network have a deep understanding of the unique needs and aspirations of the communities we serve. As a result, we have been able to consistently deliver excellent service at all times.
Banking the Unbanked
For nearly 20 years, we have emerged as a strategic partner to small and medium sized enterprises (SMEs), in the area of ideas that create value, advisory services and financial support. The Metbank team is motivated and inspired by the progress that the bank continues to make in bringing the unbanked sectors of the economy into the mainstream banking sector, with full access to an array of relevant banking services.
Shareholders
Metbank is a subsidiary of Loita Financial Holdings Limited, an investment banking firm with operations in 8 African countries, including Kenya, Mauritius and South Africa. In July 2007, Loita Financial Holdings Limited acquired a significant shareholding in Metbank; marking the beginning of a relationship that has yielded immense value for the bank and its customers in the areas of offshore credit facilities, letters of credit and structured finance. Other major shareholders in Metbank include local pension funds, corporate and institutional investors.
MAIN BRANCH
3 CENTRAL AVENUE HARARE
TEL: +263-242-700445/701967/ 706128/706091
FAX: +263-242-706265
BULAWAYO BRANCH
BULAWAYO MEIKLES BUILDNG CNR JASON MOYO/LEOPOLD TAKAWIRA BULAWAYO
TEL: +263-292-880697-9/880796/64400
MUTARE BRANCH
97 HERBET CHITEPO STREET, MUTARE
TEL: +263-020-69350/64801-2/69231
GWERU BRANCH
SHOP NO. 1 &2 BAHADAUR CENTRE, MAIN STREET, GWERU
TEL: +263-054-2229975-7
CALL CENTRE
30 ARUNDEL SCHOOL ROAD, MT PLEASANT, HARARE
DIRECT LINE CALL CENTER: +263-242-334625
ECONET TOLL FREE NUMBER: 08080251
TELONE TOLL FREE NUMBER: 08004166
WHATSAPP NUMBER: +263 773491768
el: +263-2021-69350/69231
From inception, the hallmark of Metbank’s existence has been a unique brand proposition that places a premium on the value of our customers. This is why we continue enjoying a steady, organic growth in our services which are in tune with our world-class product offering. Our innovative national branch network has enabled Metbank to transform into the commercial bank of choice for our diverse clientele.
All Consumers, SMEs, Corporates and public-sector enterprises are sure to enjoy the broad range of our financial products and services on offer. From consumer, credit, mortgage, corporate, investment and international banking to trade finance and treasury services, our value added services are the perfect fit for today’s personal and business needs. Clients can access our wide distribution channel of 5 retail branches complimented by a large Agent Base offering banking solutions to current account holders and the unbanked market alike.
Vision
To be the leading financial services provider of choice in the region.
Mission
To consistently exceed the needs and expectations of our clients and other stakeholders through the provision of innovative, high quality and superior financial services.
Values
Team Work
Innovation
Professionalism
Excellence
Ethics & Integrity
Service Quality
Stronger Together
We are stronger together; that is why we offer value added services that enable our clients to prosper. When our clients prosper, their support leads to the growth of the Metbank brand.
Our People
Metbank prides itself in its people - well trained, experienced, eager to learn and driven by the desire to serve. Our Specialists across the bank’s branch network have a deep understanding of the unique needs and aspirations of the communities we serve. As a result, we have been able to consistently deliver excellent service at all times.
Banking the Unbanked
For nearly 20 years, we have emerged as a strategic partner to small and medium sized enterprises (SMEs), in the area of ideas that create value, advisory services and financial support. The Metbank team is motivated and inspired by the progress that the bank continues to make in bringing the unbanked sectors of the economy into the mainstream banking sector, with full access to an array of relevant banking services.
Shareholders
Metbank is a subsidiary of Loita Financial Holdings Limited, an investment banking firm with operations in 8 African countries, including Kenya, Mauritius and South Africa. In July 2007, Loita Financial Holdings Limited acquired a significant shareholding in Metbank; marking the beginning of a relationship that has yielded immense value for the bank and its customers in the areas of offshore credit facilities, letters of credit and structured finance. Other major shareholders in Metbank include local pension funds, corporate and institutional investors.
MAIN BRANCH
3 CENTRAL AVENUE HARARE
TEL: +263-242-700445/701967/ 706128/706091
FAX: +263-242-706265
BULAWAYO BRANCH
BULAWAYO MEIKLES BUILDNG CNR JASON MOYO/LEOPOLD TAKAWIRA BULAWAYO
TEL: +263-292-880697-9/880796/64400
MUTARE BRANCH
97 HERBET CHITEPO STREET, MUTARE
TEL: +263-020-69350/64801-2/69231
GWERU BRANCH
SHOP NO. 1 &2 BAHADAUR CENTRE, MAIN STREET, GWERU
TEL: +263-054-2229975-7
CALL CENTRE
30 ARUNDEL SCHOOL ROAD, MT PLEASANT, HARARE
DIRECT LINE CALL CENTER: +263-242-334625
ECONET TOLL FREE NUMBER: 08080251
TELONE TOLL FREE NUMBER: 08004166
WHATSAPP NUMBER: +263 773491768
Head Office Metropolitan House3 Central AvenueHarareTel: +263-242-700789/700445/795911/706569/706265
FNB Namibia Ltd. provides a full range of banking services to individuals, while FNB Business and RMB Namibia offer services and solutions that meet the needs of enterprises - both large and small - throughout the country. Our extensive countrywide branch and automated teller machine (ATM) networks, as well as self-service channels such as FNB Namibia Online Banking, Cellphone Banking & FNB App sites ensure that you have access to your accounts around the clock.
Investing in the community and future of our country is a priority. The FirstRand Namibia Foundation Trust is the vehicle through which we support non-profit organisations and institutions working towards the development and empowerment of the broader community.
History of FNB
Humble beginnings
1907 Founded as Deutsche Afrika Bank (DAB);
1915 National Bank of South Africa took over the assets of DAB;
1926 National Bank was integrated with Barclays Bank;
1971 Barclays Bank changed name of the South African operation to Barclays National Bank Limited;
1987 In December, the name changed to First National Bank of Southern Africa after the shareholding changed;
1988 In February, First National Bank of SWA/Namibia Limited was incorporated;
1997 Listed on the Namibia Stock Exchange.
2003 FNB Namibia merged with Swabou;
2004 Announcement of one of the first and most progressive BEE transaction;
2006 First bank to issue Credit Cards in Namibia;
2007 First bank to reach N$10 bill in assets and celebrate its centenary;
2009+ Most decorated bank in Namibia;
2010 The Banker: Banker of the Year award.
FirstRand Namibia Holdings Limited is home to some of the most successful financial brands in the country.
The FirstRand Namibia Group is home to First National Bank of Namibia Limited, WesBank, RMB Namibia, FNB Insurance Brokers, OUTsurance, FNB Unit Trusts to name a few. First National Bank of Namibia offers banking and investment services to individuals and business across our vast country whilst RMB Namibia offers the corporate and investment banking associated with a growing economy. WesBank is the vehicle and asset financing arm of the Group to individuals and businesses alike. Short term insurance through OUTsurance and FNB Insurance Brokers ensure assets are well covered. FNB Insurance Brokers also offers life cover options.
FirstRand-Namibia is a listed company on the Namibian Stock Exchange (NSX). The Group has shareholding in First National Bank of Namibia Limited, RMB Namibia, FNB Unit Trusts and as such all of these divisions form part of the service offering to our customers and are part of our team.
FirstRand-Namibia Holdings prides itself on its heritage of service excellence through the provision of financial services to every sector of the Namibian economy. With our broad-based Namibian shareholding, our comprehensive range of financial products and services, our deep understanding of the local financial environment and our countrywide network of branches and agencies, we provide a fully integrated package of financial solutions to every Namibian - and to every corner of our beautiful land.
FirstRand-Namibia is a listed company on the Namibian Stock Exchange (NSX). The Group has shareholding in First National Bank of Namibia Limited, RMB Namibia, FNB Unit Trusts and as such all of these divisions form part of the service offering to our customers and are part of our team.
As a large corporate company, FNB Namibia subscribes to strong values and a set vision and mission.
Group Vision
A great Namibian financial services group, creating a better world!
Group Mission
Be the best employer in Namibia to the best people, who are passionate about stakeholder relations and innovative, client-centric value propositions delivered through efficient channels and processes in a sorted out and sustainable manner.
Group Values
I'm Helpful, I'm Effective, I'm Ethical, I'm Innovative, I'm Accountable.
PARKSIDE
First National Bank of Namibia LTD
C/O Fidel Castro & Independence Ave
Box 195, Windhoek
Tel: 061 2992111
infonam@fnbnamibia.co.na
The Parkside branch also services RMB, Homeloans and WesBank clients.
RMB Namibia Tel: 061 2992340
RMB Corporate Banking
Tel: 061 2998446
infonam@fnbnamibia.com.na
WesBank
C/O Fidel Castro & Independence Ave
Box 195, Windhoek
Tel: 061 2992437
wesbank@fnbnamibia.com.na
Homeloans
C/O Fidel Castro & Independence Ave
Box 2150, Windhoek
Tel: 061 2992523 / 061 2992524
bonds@fnbnamibia.com.na
AUSSPANNPLATZ
C/O Tal & Schiniz St, Ausspannplatz
Box 5065, Ausspannplatz
Tel: 061 2992607
PRIVATE CLIENTS
C/O /Fidel Castro & Independence Ave
First Floor
Box 285, Windhoek
Tel: 061 2992838
PRIVATE WEALTH
C/O Fidel Castro & Independence Ave
Ground Floor
Box 285, Windhoek
Tel: 061 2998447
GROVE MALL
C/O Chasie & Frankie Fredericks St, Ground Floor
Shop 44, The Grove Mall shopping centre
Box 35387, Kleine Kuppe, Windhoek
Tel:061 2992222
JOHN MEINERT
C/O Independence Ave & John Meinert St
Box 23043, Windhoek
Tel: 061 2998149
KATUTURA
Pick n Pay Complex, Independence
Katutura
Box 62207, Katutura, Windhoek
Tel: 061 2992222
fnbkatutura@fnbnamibia.com.na
KHOMASDAL
Shop 24, 1st Floor, Khomas Grove
Khomasdal
Box 72037
Tel: 061 2992222
MAERUA MALL
1st Floor, Shop no 37
Maerua Mall Shopping Centre
Tel: 061 2997820
NORTHERN INDUSTRIAL
16 Nguni St, Northern Industrial Area
Box 23043
Tel: 061 269380
BUSINESS BANKING
C/O Noble Armstrong St, Old Power Station
Tel: 061 411200
PROSPERITA
110 Nickel St, Prosperita
Box 285, Windhoek
Tel: 061 2992222
WERNHILL AGENCY
C/O Fidel Castro & Mandume Ndemufayo St
Shop 40, Wernhill Shopping Centre
Box 195, Windhoek
Tel: 061 272959
WINDHOEK
207 Independence Ave, Windhoek
Box 285, Windhoek
Tel: 061 2992111
BUREAU DE CHANGE
207 Independence Ave, Windhoek
Box 285, Windhoek
Tel: 061 2992039
OTHER AREAS:
ARANDIS
ARANOS
AUSSENKEHR
EENHANA
GOBABIS
GROOTFONTEIN
HENTIES BAY
KARIBIB
KATIMA MULILO
KEETMANSHOOP
LUDERITZ
MARIENTAL
OKAHANDJA
OKAHAO
OKAKARARA
OKONGO
OMUTHIYA
ONDANGWA
ONGWEDIVA
OPUWO
ORANJEMUND
OSHAKATI
OSHIKUKU
OTAVI
OTJIWARONGO
OUTAPI
OUTJO
REHOBOTH
ROSH PINAH
RUNDU
SWAKOPMUND
NKURENKURU
TSUMEB
USAKOS
WALVIS BAY
PO BOX 285 WINDHOEK NAMIBIA
CBZ Bank Limited is a wholly owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH). CBZH provides a complete range of financial services through various subsidiaries whose activities include banking, short and long term insurance, asset management, securities trading and property investments.
CBZ Bank Limited, the flagship of the group is a registered commercial bank offering a wide range of innovative banking and financial services solutions to personal and corporate customers through the following:
Retail Banking
Corporate & Merchant Banking
E-Banking & Card Services
Mortgage Finance
Agribusiness
Advisory services
Asset Finance
Wealth Management
Treasury
Trade Finance & International Banking
Custodial Services
Established in 1980 as the Bank of Credit and Commerce Zimbabwe Limited (BCCZ) that was a joint venture between the Government of Zimbabwe and the Bank of Credit and Commerce International Holdings Limited (BCCIH).
Turnaround
In 1991, the government of Zimbabwe saved the BCCZ from collapse by acquiring total shareholding in the Bank. BCCZ acquired a new identity as Commercial Bank of Zimbabwe (CBZ). The Bank’s new identity was augmented by the appointment of a new team of management whose mandate was to steer CBZ to growth and success. The first major turnaround occurred in May 1995 when a decision was taken to remove non performing loans from the normal portfolio of advances. These were placed under the separate entity, Commercial Bank of Zimbabwe Nominees Limited (CBZN). This strategy allowed the more efficient mobilisation of financial resources and enabled greater focus on critical issues of banking business and rehabilitation of all delinquent advances.
Diversification
CBZ’s diversification drive started in 1997 when the Zimbabwean Government sold its shareholding in the Bank in a bid to adequately capitalise it. An agreement was reached with the Amalgamated Banks of South Africa (ABSA) to become the Bank’s technical partner. ABSA took up 25% in shareholding.
Apart from ABSA, the International Finance Corporation, an arm of the Word Bank, acquired a further 15% of equity. Nonetheless, the greater part of CBZ shares (55%) were issued to the public when the Bank fully privatised and was listed on Zimbabwe Stock Exchange on 29 June 1998.
By then the Bank had become the third largest in Zimbabwe in terms of deposits. It has also diversified its financial services range with the most significant addition being the establishment of the Microfinance Unit to support small to medium sized business enterprises.
Growth Through Diversification
In 2004 a new vision was adopted. This refocus propelled the establishment of CBZ Holdings (CBZH) as an entity poised to provide all client segments with a one-stop shopping experience for financial services. When CBZ Holdings Limited was operationalised in June 2005, period of intense growth through diversification began.
The Bank became a subsidiary of the holding company and was renamed CBZ Bank Limited. CBZ Asset Management (Private) Limited trading as Datvest was incorporated under the CBZ Group following the acquisition of its entire issued share capital in June 2005.
Adding to its interests in commercial banking and asset management, CBZH then ventured into the property sector in 2006 by registering and launching another subsidiary, CBZ Properties (Private) Limited. In 2006 CBZ Holdings, in partnership with other investors also set up a short term insurance company, Optimal Insurance (Private) Limited, which began operations in July of the same year.
CBZ Holdings continued in its concerted efforts to seek and obtain opportunities to extend the Group’s national footprint. In January 2007, the CBZ Group issued an announcement to shareholders advising of its complete acquisition of Beverly Building Society. Notably, this development made mortgage financing facilities available to clients of the Group and enhanced business synergies. In addition, there was a marked increment of value for shareholders.
CBZ Holdings’ track record has been achieved through a combination of organic growth, acquisitions, innovation and creating extra sources of revenue through the start-up and development of completely new businesses such as CBZ Securities, CBZ Properties and CBZ Life.
Consolidation
In 2010 CBZ Holdings started an operational integration process that has resulted in the consolidation of the Bank and the Building Society resulting in the Bank Offering a one-stop shop facility to its clients. This means that the Group now offers Banking and home financing products and services available under one roof. Operationally, this consolidation means that there are no free-standing CBZ Building Society branches. Instead, the services previously offered through these branches are now available at the nearest CBZ Bank branch, to which Building Society clients were migrated.
Mortgage Finance and other products previously offered through CBZ Building Society are now part of CBZ Bank’s range of products bringing cost saving for both the group and its clients. .
The consolidation also means that a platform has now been created for product development innovation, which means finding more ways to make banking an even more enjoyable experience for clients.
CBZ Asset Management Private Limited T/A Datvest is a wholly owned subsidiary of the diversified and listed financial services Group CBZ Holdings (CBZH). Datvest is one of the largest asset management companies in Zimbabwe and currently manages over US$140 million in assets on the stock market, fixed income market, property market and other asset classes.
Datvest, the asset management division of the CBZH Group is registered by the Securities and Exchange Commission of Zimbabwe (SECZ). Datvest offers a wide range of managed investment portfolio services to pension funds, corporates and individual investors through the following:
Pension Fund Portfolio Management
Private Client Equity and Money Market Portfolio Management
Fixed Income Investments
Property Investments
Unit Trust Investments
Advisory Services
History
Datvest, traces its beginnings back to 1990 when Dataworld (Private) Limited was incorporated. We have acquired a significant level of experience over the past twenty-three years and in so doing have become one of the largest asset managers in Zimbabwe. Our track record over this period speaks for itself and is reflected in our prestigious client base of high net worth individuals, corporate entities, pension funds and unit trust clients.
This, coupled with a dedicated, experienced and highly qualified management team allows us to give clients the efficient service for which we have become renowned.
Capabilities
Our Investment Objective is to “Exceed agreed benchmarked returns over a rolling three year period using a Balanced Methodology. We believe that a suitable weighting should be assigned to each asset class represented in a fund, dictated by the nature of the investor’s liabilities, which combine to produce a diversified portfolio. Upon taking on a new client, we meet with the trustees and agree strategy and core buying lists around which we build a portfolio. We utilise a focused portfolio methodology and our equity portfolios are relatively low risk and are approved by Trustees in terms of our Strategic Plan.
We use various tools to select our investments and these are crosschecked firstly against fundamental and technical indicators and secondly against our own business knowledge of the Zimbabwean companies and the economy. Full use is made of internet capabilities and we continually keep abreast of international investment trends through regular training and our association with international investment houses. Derivative instruments, such as futures and options, will not be included in the portfolio unless specifically agreed to. Our unique mix of skills ensures a well-rounded view when it comes to analysing investment opportunities and we have the luxury of the most comprehensive financial and economic database in Zimbabwe to support this important process.
CBZ Risk Advisory Services (Pvt) Limited is a registered insurance broker which is 100% owned by CBZ Holdings Limited. The subsidiary was established in 2017 and is among the top 5 Insurance Brokers in Zimbabwe in terms of market share. CBZ Risk Advisory Service (Pvt) Ltd has unrivalled expertise in Insurance Broking and Risk Advisory services. Its expertise cuts across the various sectors providing comprehensive and cutting edge solutions to the various industries.
CBZ Risk Advisory Services (Pvt) Ltd boasts of a team that is highly experienced and qualified to offer insurance and risk management expertise. The team leverages on digital capabilities to deliver a comprehensive and differentiated value proposition to cater for the different industries.
CBZ Risk Advisory Services (Pvt) Ltd offers the following services:
Short Term Insurance Broking
Captive Management
Claims Management Consultancy
Risk Assessment & Advisory
Employee Benefits Consulting Services
Pension Advisory Services
Healthcare Consulting
CBZ Properties (Private) Limited is a real estate development, investment and management company which is 100% owned CBZ Holdings Limited. Incorporated in 2004 the company has years of successful experiences in real estate development and management. Our simple business principle is that our only concern in a real estate transaction is the customer.
With a focused direction, we continue to expand our real estate portfolio with the expertise of a talented team and partnerships. We provide a quality of service that is unique to the industry and delivers a distinct comparative advantage. Our knowledge of the property industry results in a better understanding of our clients’ requirements and expectations. This allows us to quickly respond to our client’ changing needs. Creativity, capacity and value are hallmarks of each project.
Our property development team has developed in excess of 2.0 million square metres of housing projects, office and industrial space.
The property management team manages over 100,000 squares metres of residential, office, commercial and industrial space. CBZ Properties has the expertise to see value in existing real estate products and respectfully re-purpose them into valuable assets. The experience gained through analysing, developing, leasing and managing these long-term assets enhances CBZ Properties’ reputation in the Zimbabwean real estate market.
Furthermore, our access to such a unique property database enables us to analyse market and technological conditions and changes with a high degree of precision. This enables us to provide the most accurate market values of assets and forecast future trends in values, analysis of trends in the performance of real estate investments in comparison with other asset classes. Additionally, CBZ Properties analyses the impact of changes in land laws, planning regulations and environmental regulations on optimal land use.
We offer the following:
Property development solutions,
Project management services
Property management services,
Property sales
Valuations and real estate advisory services
CBZ Capital originates, structures and participates in strategic transactions for its clients. CBZ Capital has the ability to look at transactions across the capital structure (Debt, Equity Mezzanine) and thrives where this is complexity. At its core CBZ Capital looks to solve critical problems for it’s clients through becoming a partner and advisor.
Products
Structuring
Financing / Capital Raising
Strategic Partnerships
Trading
Red Sphere Finance (Private) Limited is Licensed Credit – Only Microfinance Institution under the Microfinance Act Chapter 24:30 and whole owned by CBZ Holdings. The subsidiary is mandated to provide financial services to the informal sector, SMEs, Civil Servants, small holder farmers and all those who are gainfully employed. Red Sphere Finance offers the following products:
Individual Business Loans
Educational Loans
Salary Based Loans
Agricultural Loans
SME and Microfinance Loans
Order Finance
Advisory Services
CBZ Agro-Yield (Private) Limited is a subsidiary of CBZ Holdings Zimbabwe. CBZ Agro-Yield’s aim is to actively participate in assisting the Government of Zimbabwe to meet its objectives by empowering farmers, creating employment and increasing food production. The company works with various stakeholders to ensure farmer production yields continuously improve through enhanced methods such as farm mechanization.
CBZ Agro-Yield in conjunction with the Government of Zimbabwe through the Ministry of Finance and Economic Development and Ministry of Agriculture are the major stakeholders in the National Enhanced Agriculture Productivity Scheme ( NEAPS ). The aim of NEAPS is to ensure food self-sufficiency in Zimbabwe through the support of wheat, maize and soya bean production.
CBZ Agro-Yield distributes inputs to farmers that meet the Company’s requirements with regards to repayment capabilities and production capacity. CBZ Agro-Yield identifies various suppliers that can supply inputs in a timely manner to ensure uninterrupted farming activities for farmers. The inputs generally include but are not limited to;
Seed
Fertilizer
Chemicals
Fuel
Mechanization equipment such as irrigation systems.
The Government of Zimbabwe through the Ministry of Finance provides funding for the Program to guarantee payment to the different input suppliers. The farmers repay their input loans with product through delivering the equivalent amount of produce to the Government appointed agents to cover their loan. The business aims to diversify its portfolio into other product lines such as horticulture.
CBZ Agro-Yield plays an integral part of the NEAPS program through the identification of farmers, sourcing of suppliers, distribution of inputs and reconciliation of farmers’ accounts. The introduction of Information Technology is assisting the company to effectively manage the tracking, supply & distribution of inputs as well as the repayment of loans.
CBZ Insurance Company (CBZI) is a short term insurance company duly registered in accordance with the laws of the Republic of Zimbabwe. The company is licensed by the Insurance & Pension Commission of Zimbabwe (IPEC). CBZI (formerly Optimal Insurance Company) is a subsidiary of CBZ Holdings and was established in 2005 with operations starting on the the 1st of June 2006.
CBZI boasts of a team that is highly experienced and qualified to do short term insurance business. The team is beyond doubt one of the most dynamic, innovative and solution driven in the Zimbabwean insurance industry. The team endeavours to provide highly innovative and valuable short term insurance solutions to clients regardless of their sizes. CBZ Insurance offers the following products:
Motor Vehicle Insurance
Residential Building Insurance
Commercial Building Insurance
Travel Insurance
Casualty Insurance
Accident and Health Cover
Marine
Business Package
Liability Insurance
CBZ Life Limited was established in 2010 and licensed to transact long term insurance business. CBZ Holdings has 100% shareholding in the company. The newly formed CBZ Life has on board shareholders, directors, management and staff who have a wealth of experience in life insurance. Funeral Insurance involves providing a pre-defined benefit amount on the client’s death payable immediately to the specified beneficiary of the policy holder’s estate.
Credit Life Insurance entails the provision of a benefit amount equal to the loan amount outstanding (or alternatively an amount equal to the original loan) in the event of the client’s death (and possible disability). In addition the loan repayments of 3 or 6 months can be paid in the event of retrenchment.
Term insurance involves providing a pre-defined benefit amount in the event of the client’s death payable to the specified beneficiary of the policyholder`s estate.
BRANCHES:
8TH AVENUE BRANCH BULAWAYO
8TH AVENUE/JASON MOYO STREET
AIRPORT AGENCY
INTERNATIONAL TERMINAL, HARARE INTERNATIONAL AIRPORT, HARARE
AVONDALE BRANCH
AVONDALE SHOPPING CENTRE
BEITBRIDGE
SHOP NUMBER 7, BEITBRIDGE SHOPPING MALL, BEITBRIDGE, P.O. BOX 401
BELMONT
CNR LEEDS ROADS/J. CHINAMANO BELMONT BULAWAYO
BINDURA
STAND 751YORK STREET, BINDURA
BOKA TOBACCO AGENCY BOKA TOBACCO AUCTION FLOORS, HARARE
BORROWDALE BRANCH, HARARE
CNR EDINBURGH/CAMPBELL RD, POMONA, BORROWDALE
P O BOX BW 520, BORROWDALE
BULAWAYO CCD
BULAWAYO FIFE STREET MONEY TRANSFER CENTRE
CNR FIFE/10TH AVENUE
(0292) 65081
(MTA TRANSACTIONS ONLY)
CHECHECHE
SHOP NO 1J, STAND NUMBER 229, CHECHECHE COMPLEX, CHECHECHE
CHEGUTU
116 QUEEN STREET, CHEGUTU
CHINHOYI
NUMBER 9 MAGAMBA WAY, CHINHOYI
CHIPINGE
76 MAIN STREET
P O BOX 440 CHIPINGE
CHIREDZI
55 CHILONGA DRIVE CHIREDZI
CHIRUNDU
NEW ZIMRA BORDER POST COMPLEX, CHIRUNDU
CHITUNGWIZA MAKONI BRANCH
60 JENJE ROAD, SEKE NORTH, SEKE
CHIVHU
DESAI BUILDING, 383 YORK STREET, CHIVHU
CRIPPS ROAD BRANCH
CRIPPS ROAD, GRANITESIDE, HARARE
GOKWE
STAND 960 GOKWE GROWTH POINT
GUTU
BEVERLY PLACE, GUTU
GWANDA
63 SOULDAN STREET, GWANDA
GWERU
CBZ BUILDING, CNR ROBERT MUGABE/7TH STREET, GWERU
HARARE CCD
HIGHFIELD
JABAVU DRIVE HIGHFIELD, HARARE
JOSHUA NKOMO AIRPORT BRANCH
CBZ HOUSE, 87 JOSHUA MQABUKO NYONGOLO NKOMO STREET BULAWAYO
KADOMA BRANCH
CBZ HOUSE 41 MUKWATI STREET KADOMA
KARIBA
3339 NYAMHUNGA TOWNSHIP, P BAG 2021, KARIBA
KAROI
STAND NUMBER 252, KAROI TOWNSHIP, KAROI
KWAME NKRUMAH BRANCH
60 KWAME NKRUMAH AVENUE, HARARE
KWEKWE
STAND 6467, KWEKWE
MARONDERA
2137 SECOND STREET, MARONDERA
MASVINGO
376 ROBERT MUGABE WAY
MSASA
DESTINY ELECTRONICS, 62 MUTARE ROAD, MSASA HARARE
MTC AGENCY
6 RAINHAM ROAD, WILLOWVALE, HARARE
MUREHWA
SHOP NO. 2 CBZ BUILDING STAND 175 MUREHWA
MUTARE
31 SECOND STREET, MUTARE
MUTOKO AGENCY
STAND NO.374 OLIVER NEWTON ROAD MUTOKO
MVURWI
FARM & CITY COMPLEX STAND 26A CHARTHAM ROAD MVURWI
NEMBUDZIYA
STAND 121 MUTORA TOWNSHIP, NEMBUDZIYA
NORTON
143 CORNMARKET CRESCENT, NORTON
NYANGA
253 NYANGA TOWNSHIP, NYANGA
NYIKA
NYIKA GROWTH POINT, NYIKA
ROBERT MUGABE ROAD MONEY TRANSFER CENTRE
83 ROBERT MUGABE RD, HARARE
(0242) 774357, 772401
(MTA TRANSACTIONS ONLY)
RUSAPE
18 ROBERT MUGABE STREET
SAMORA MACHEL
57 SAMORA MACHEL AVENUE, HARARE
SAPPHIRE HOUSE
CORNER SPEKE AVENUE/ANGWA STREET, HARARE
SELOUS AVE BRANCH
CBZ PLACE, 7 SELOUS AVENUE, HARARE
SOUTHERTON
CORNER PAISLEY ROAD/HIGHFIELD ROAD
TSF TOBACCO AGENCY
TSF TOBACCO AUCTION FLOORS, 161 GLENEAGLES ROAD, WILLOWDALE HARARE
UNIVERSITY OF ZIMBABWE AGENCY
STUDENTS CENTRE, UNIVERSITY OF ZIMBABWE CAMPUS, HARARE
VICTORIA FALLS
THE GALLERIA COMPLEX, STAND NO. 123, P O BOX 258, VICTORIA FALLS
WEALTH MANAGEMENT SUITE
CNR EDINBURGH/CAMPBELL RD, POMONA, BORROWDALE
ZVISHAVANE
694 TURNER ROAD ZVISHAVANE
P O BOX 3313, HARARE, ZIMBABWE
CBZ Bank Limited is a wholly owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH). CBZH provides a complete range of financial services through various subsidiaries whose activities include banking, short and long term insurance, asset management, securities trading and property investments.
CBZ Bank Limited, the flagship of the group is a registered commercial bank offering a wide range of innovative banking and financial services solutions to personal and corporate customers through the following:
Retail Banking
Corporate & Merchant Banking
E-Banking & Card Services
Mortgage Finance
Agribusiness
Advisory services
Asset Finance
Wealth Management
Treasury
Trade Finance & International Banking
Custodial Services
Established in 1980 as the Bank of Credit and Commerce Zimbabwe Limited (BCCZ) that was a joint venture between the Government of Zimbabwe and the Bank of Credit and Commerce International Holdings Limited (BCCIH).
Turnaround
In 1991, the government of Zimbabwe saved the BCCZ from collapse by acquiring total shareholding in the Bank. BCCZ acquired a new identity as Commercial Bank of Zimbabwe (CBZ). The Bank’s new identity was augmented by the appointment of a new team of management whose mandate was to steer CBZ to growth and success. The first major turnaround occurred in May 1995 when a decision was taken to remove non performing loans from the normal portfolio of advances. These were placed under the separate entity, Commercial Bank of Zimbabwe Nominees Limited (CBZN). This strategy allowed the more efficient mobilisation of financial resources and enabled greater focus on critical issues of banking business and rehabilitation of all delinquent advances.
Diversification
CBZ’s diversification drive started in 1997 when the Zimbabwean Government sold its shareholding in the Bank in a bid to adequately capitalise it. An agreement was reached with the Amalgamated Banks of South Africa (ABSA) to become the Bank’s technical partner. ABSA took up 25% in shareholding.
Apart from ABSA, the International Finance Corporation, an arm of the Word Bank, acquired a further 15% of equity. Nonetheless, the greater part of CBZ shares (55%) were issued to the public when the Bank fully privatised and was listed on Zimbabwe Stock Exchange on 29 June 1998.
By then the Bank had become the third largest in Zimbabwe in terms of deposits. It has also diversified its financial services range with the most significant addition being the establishment of the Microfinance Unit to support small to medium sized business enterprises.
Growth Through Diversification
In 2004 a new vision was adopted. This refocus propelled the establishment of CBZ Holdings (CBZH) as an entity poised to provide all client segments with a one-stop shopping experience for financial services. When CBZ Holdings Limited was operationalised in June 2005, period of intense growth through diversification began.
The Bank became a subsidiary of the holding company and was renamed CBZ Bank Limited. CBZ Asset Management (Private) Limited trading as Datvest was incorporated under the CBZ Group following the acquisition of its entire issued share capital in June 2005.
Adding to its interests in commercial banking and asset management, CBZH then ventured into the property sector in 2006 by registering and launching another subsidiary, CBZ Properties (Private) Limited. In 2006 CBZ Holdings, in partnership with other investors also set up a short term insurance company, Optimal Insurance (Private) Limited, which began operations in July of the same year.
CBZ Holdings continued in its concerted efforts to seek and obtain opportunities to extend the Group’s national footprint. In January 2007, the CBZ Group issued an announcement to shareholders advising of its complete acquisition of Beverly Building Society. Notably, this development made mortgage financing facilities available to clients of the Group and enhanced business synergies. In addition, there was a marked increment of value for shareholders.
CBZ Holdings’ track record has been achieved through a combination of organic growth, acquisitions, innovation and creating extra sources of revenue through the start-up and development of completely new businesses such as CBZ Securities, CBZ Properties and CBZ Life.
Consolidation
In 2010 CBZ Holdings started an operational integration process that has resulted in the consolidation of the Bank and the Building Society resulting in the Bank Offering a one-stop shop facility to its clients. This means that the Group now offers Banking and home financing products and services available under one roof. Operationally, this consolidation means that there are no free-standing CBZ Building Society branches. Instead, the services previously offered through these branches are now available at the nearest CBZ Bank branch, to which Building Society clients were migrated.
Mortgage Finance and other products previously offered through CBZ Building Society are now part of CBZ Bank’s range of products bringing cost saving for both the group and its clients. .
The consolidation also means that a platform has now been created for product development innovation, which means finding more ways to make banking an even more enjoyable experience for clients.
CBZ Asset Management Private Limited T/A Datvest is a wholly owned subsidiary of the diversified and listed financial services Group CBZ Holdings (CBZH). Datvest is one of the largest asset management companies in Zimbabwe and currently manages over US$140 million in assets on the stock market, fixed income market, property market and other asset classes.
Datvest, the asset management division of the CBZH Group is registered by the Securities and Exchange Commission of Zimbabwe (SECZ). Datvest offers a wide range of managed investment portfolio services to pension funds, corporates and individual investors through the following:
Pension Fund Portfolio Management
Private Client Equity and Money Market Portfolio Management
Fixed Income Investments
Property Investments
Unit Trust Investments
Advisory Services
History
Datvest, traces its beginnings back to 1990 when Dataworld (Private) Limited was incorporated. We have acquired a significant level of experience over the past twenty-three years and in so doing have become one of the largest asset managers in Zimbabwe. Our track record over this period speaks for itself and is reflected in our prestigious client base of high net worth individuals, corporate entities, pension funds and unit trust clients.
This, coupled with a dedicated, experienced and highly qualified management team allows us to give clients the efficient service for which we have become renowned.
Capabilities
Our Investment Objective is to “Exceed agreed benchmarked returns over a rolling three year period using a Balanced Methodology. We believe that a suitable weighting should be assigned to each asset class represented in a fund, dictated by the nature of the investor’s liabilities, which combine to produce a diversified portfolio. Upon taking on a new client, we meet with the trustees and agree strategy and core buying lists around which we build a portfolio. We utilise a focused portfolio methodology and our equity portfolios are relatively low risk and are approved by Trustees in terms of our Strategic Plan.
We use various tools to select our investments and these are crosschecked firstly against fundamental and technical indicators and secondly against our own business knowledge of the Zimbabwean companies and the economy. Full use is made of internet capabilities and we continually keep abreast of international investment trends through regular training and our association with international investment houses. Derivative instruments, such as futures and options, will not be included in the portfolio unless specifically agreed to. Our unique mix of skills ensures a well-rounded view when it comes to analysing investment opportunities and we have the luxury of the most comprehensive financial and economic database in Zimbabwe to support this important process.
CBZ Risk Advisory Services (Pvt) Limited is a registered insurance broker which is 100% owned by CBZ Holdings Limited. The subsidiary was established in 2017 and is among the top 5 Insurance Brokers in Zimbabwe in terms of market share. CBZ Risk Advisory Service (Pvt) Ltd has unrivalled expertise in Insurance Broking and Risk Advisory services. Its expertise cuts across the various sectors providing comprehensive and cutting edge solutions to the various industries.
CBZ Risk Advisory Services (Pvt) Ltd boasts of a team that is highly experienced and qualified to offer insurance and risk management expertise. The team leverages on digital capabilities to deliver a comprehensive and differentiated value proposition to cater for the different industries.
CBZ Risk Advisory Services (Pvt) Ltd offers the following services:
Short Term Insurance Broking
Captive Management
Claims Management Consultancy
Risk Assessment & Advisory
Employee Benefits Consulting Services
Pension Advisory Services
Healthcare Consulting
CBZ Properties (Private) Limited is a real estate development, investment and management company which is 100% owned CBZ Holdings Limited. Incorporated in 2004 the company has years of successful experiences in real estate development and management. Our simple business principle is that our only concern in a real estate transaction is the customer.
With a focused direction, we continue to expand our real estate portfolio with the expertise of a talented team and partnerships. We provide a quality of service that is unique to the industry and delivers a distinct comparative advantage. Our knowledge of the property industry results in a better understanding of our clients’ requirements and expectations. This allows us to quickly respond to our client’ changing needs. Creativity, capacity and value are hallmarks of each project.
Our property development team has developed in excess of 2.0 million square metres of housing projects, office and industrial space.
The property management team manages over 100,000 squares metres of residential, office, commercial and industrial space. CBZ Properties has the expertise to see value in existing real estate products and respectfully re-purpose them into valuable assets. The experience gained through analysing, developing, leasing and managing these long-term assets enhances CBZ Properties’ reputation in the Zimbabwean real estate market.
Furthermore, our access to such a unique property database enables us to analyse market and technological conditions and changes with a high degree of precision. This enables us to provide the most accurate market values of assets and forecast future trends in values, analysis of trends in the performance of real estate investments in comparison with other asset classes. Additionally, CBZ Properties analyses the impact of changes in land laws, planning regulations and environmental regulations on optimal land use.
We offer the following:
Property development solutions,
Project management services
Property management services,
Property sales
Valuations and real estate advisory services
CBZ Capital originates, structures and participates in strategic transactions for its clients. CBZ Capital has the ability to look at transactions across the capital structure (Debt, Equity Mezzanine) and thrives where this is complexity. At its core CBZ Capital looks to solve critical problems for it’s clients through becoming a partner and advisor.
Products
Structuring
Financing / Capital Raising
Strategic Partnerships
Trading
Red Sphere Finance (Private) Limited is Licensed Credit – Only Microfinance Institution under the Microfinance Act Chapter 24:30 and whole owned by CBZ Holdings. The subsidiary is mandated to provide financial services to the informal sector, SMEs, Civil Servants, small holder farmers and all those who are gainfully employed. Red Sphere Finance offers the following products:
Individual Business Loans
Educational Loans
Salary Based Loans
Agricultural Loans
SME and Microfinance Loans
Order Finance
Advisory Services
CBZ Agro-Yield (Private) Limited is a subsidiary of CBZ Holdings Zimbabwe. CBZ Agro-Yield’s aim is to actively participate in assisting the Government of Zimbabwe to meet its objectives by empowering farmers, creating employment and increasing food production. The company works with various stakeholders to ensure farmer production yields continuously improve through enhanced methods such as farm mechanization.
CBZ Agro-Yield in conjunction with the Government of Zimbabwe through the Ministry of Finance and Economic Development and Ministry of Agriculture are the major stakeholders in the National Enhanced Agriculture Productivity Scheme ( NEAPS ). The aim of NEAPS is to ensure food self-sufficiency in Zimbabwe through the support of wheat, maize and soya bean production.
CBZ Agro-Yield distributes inputs to farmers that meet the Company’s requirements with regards to repayment capabilities and production capacity. CBZ Agro-Yield identifies various suppliers that can supply inputs in a timely manner to ensure uninterrupted farming activities for farmers. The inputs generally include but are not limited to;
Seed
Fertilizer
Chemicals
Fuel
Mechanization equipment such as irrigation systems.
The Government of Zimbabwe through the Ministry of Finance provides funding for the Program to guarantee payment to the different input suppliers. The farmers repay their input loans with product through delivering the equivalent amount of produce to the Government appointed agents to cover their loan. The business aims to diversify its portfolio into other product lines such as horticulture.
CBZ Agro-Yield plays an integral part of the NEAPS program through the identification of farmers, sourcing of suppliers, distribution of inputs and reconciliation of farmers’ accounts. The introduction of Information Technology is assisting the company to effectively manage the tracking, supply & distribution of inputs as well as the repayment of loans.
CBZ Insurance Company (CBZI) is a short term insurance company duly registered in accordance with the laws of the Republic of Zimbabwe. The company is licensed by the Insurance & Pension Commission of Zimbabwe (IPEC). CBZI (formerly Optimal Insurance Company) is a subsidiary of CBZ Holdings and was established in 2005 with operations starting on the the 1st of June 2006.
CBZI boasts of a team that is highly experienced and qualified to do short term insurance business. The team is beyond doubt one of the most dynamic, innovative and solution driven in the Zimbabwean insurance industry. The team endeavours to provide highly innovative and valuable short term insurance solutions to clients regardless of their sizes. CBZ Insurance offers the following products:
Motor Vehicle Insurance
Residential Building Insurance
Commercial Building Insurance
Travel Insurance
Casualty Insurance
Accident and Health Cover
Marine
Business Package
Liability Insurance
CBZ Life Limited was established in 2010 and licensed to transact long term insurance business. CBZ Holdings has 100% shareholding in the company. The newly formed CBZ Life has on board shareholders, directors, management and staff who have a wealth of experience in life insurance. Funeral Insurance involves providing a pre-defined benefit amount on the client’s death payable immediately to the specified beneficiary of the policy holder’s estate.
Credit Life Insurance entails the provision of a benefit amount equal to the loan amount outstanding (or alternatively an amount equal to the original loan) in the event of the client’s death (and possible disability). In addition the loan repayments of 3 or 6 months can be paid in the event of retrenchment.
Term insurance involves providing a pre-defined benefit amount in the event of the client’s death payable to the specified beneficiary of the policyholder`s estate.
BRANCHES:
8TH AVENUE BRANCH BULAWAYO
8TH AVENUE/JASON MOYO STREET
AIRPORT AGENCY
INTERNATIONAL TERMINAL, HARARE INTERNATIONAL AIRPORT, HARARE
AVONDALE BRANCH
AVONDALE SHOPPING CENTRE
BEITBRIDGE
SHOP NUMBER 7, BEITBRIDGE SHOPPING MALL, BEITBRIDGE, P.O. BOX 401
BELMONT
CNR LEEDS ROADS/J. CHINAMANO BELMONT BULAWAYO
BINDURA
STAND 751YORK STREET, BINDURA
BOKA TOBACCO AGENCY BOKA TOBACCO AUCTION FLOORS, HARARE
BORROWDALE BRANCH, HARARE
CNR EDINBURGH/CAMPBELL RD, POMONA, BORROWDALE
P O BOX BW 520, BORROWDALE
BULAWAYO CCD
BULAWAYO FIFE STREET MONEY TRANSFER CENTRE
CNR FIFE/10TH AVENUE
(0292) 65081
(MTA TRANSACTIONS ONLY)
CHECHECHE
SHOP NO 1J, STAND NUMBER 229, CHECHECHE COMPLEX, CHECHECHE
CHEGUTU
116 QUEEN STREET, CHEGUTU
CHINHOYI
NUMBER 9 MAGAMBA WAY, CHINHOYI
CHIPINGE
76 MAIN STREET
P O BOX 440 CHIPINGE
CHIREDZI
55 CHILONGA DRIVE CHIREDZI
CHIRUNDU
NEW ZIMRA BORDER POST COMPLEX, CHIRUNDU
CHITUNGWIZA MAKONI BRANCH
60 JENJE ROAD, SEKE NORTH, SEKE
CHIVHU
DESAI BUILDING, 383 YORK STREET, CHIVHU
CRIPPS ROAD BRANCH
CRIPPS ROAD, GRANITESIDE, HARARE
GOKWE
STAND 960 GOKWE GROWTH POINT
GUTU
BEVERLY PLACE, GUTU
GWANDA
63 SOULDAN STREET, GWANDA
GWERU
CBZ BUILDING, CNR ROBERT MUGABE/7TH STREET, GWERU
HARARE CCD
HIGHFIELD
JABAVU DRIVE HIGHFIELD, HARARE
JOSHUA NKOMO AIRPORT BRANCH
CBZ HOUSE, 87 JOSHUA MQABUKO NYONGOLO NKOMO STREET BULAWAYO
KADOMA BRANCH
CBZ HOUSE 41 MUKWATI STREET KADOMA
KARIBA
3339 NYAMHUNGA TOWNSHIP, P BAG 2021, KARIBA
KAROI
STAND NUMBER 252, KAROI TOWNSHIP, KAROI
KWAME NKRUMAH BRANCH
60 KWAME NKRUMAH AVENUE, HARARE
KWEKWE
STAND 6467, KWEKWE
MARONDERA
2137 SECOND STREET, MARONDERA
MASVINGO
376 ROBERT MUGABE WAY
MSASA
DESTINY ELECTRONICS, 62 MUTARE ROAD, MSASA HARARE
MTC AGENCY
6 RAINHAM ROAD, WILLOWVALE, HARARE
MUREHWA
SHOP NO. 2 CBZ BUILDING STAND 175 MUREHWA
MUTARE
31 SECOND STREET, MUTARE
MUTOKO AGENCY
STAND NO.374 OLIVER NEWTON ROAD MUTOKO
MVURWI
FARM & CITY COMPLEX STAND 26A CHARTHAM ROAD MVURWI
NEMBUDZIYA
STAND 121 MUTORA TOWNSHIP, NEMBUDZIYA
NORTON
143 CORNMARKET CRESCENT, NORTON
NYANGA
253 NYANGA TOWNSHIP, NYANGA
NYIKA
NYIKA GROWTH POINT, NYIKA
ROBERT MUGABE ROAD MONEY TRANSFER CENTRE
83 ROBERT MUGABE RD, HARARE
(0242) 774357, 772401
(MTA TRANSACTIONS ONLY)
RUSAPE
18 ROBERT MUGABE STREET
SAMORA MACHEL
57 SAMORA MACHEL AVENUE, HARARE
SAPPHIRE HOUSE
CORNER SPEKE AVENUE/ANGWA STREET, HARARE
SELOUS AVE BRANCH
CBZ PLACE, 7 SELOUS AVENUE, HARARE
SOUTHERTON
CORNER PAISLEY ROAD/HIGHFIELD ROAD
TSF TOBACCO AGENCY
TSF TOBACCO AUCTION FLOORS, 161 GLENEAGLES ROAD, WILLOWDALE HARARE
UNIVERSITY OF ZIMBABWE AGENCY
STUDENTS CENTRE, UNIVERSITY OF ZIMBABWE CAMPUS, HARARE
VICTORIA FALLS
THE GALLERIA COMPLEX, STAND NO. 123, P O BOX 258, VICTORIA FALLS
WEALTH MANAGEMENT SUITE
CNR EDINBURGH/CAMPBELL RD, POMONA, BORROWDALE
ZVISHAVANE
694 TURNER ROAD ZVISHAVANE
P O BOX 3313, HARARE, ZIMBABWE
Economic Policy
The Bank maintains the capability to analyse all key economic policy issues that impact on the economy of Botswana, including both domestic and international developments.
Financial Stability
Financial stability refers to a well-functioning, liquid, solvent and sound financial system that efficiently facilitates payments, pools funds and allocates resources to the most productive sectors of the economy.
Regulation and Supervision
The Bank of Botswana (Bank) promotes financial stability in the country through the regulation and supervision of banks and other financial institutions.
Payment Systems
The Bank of Botswana has legislative oversight of the National Payments System (NPS) in Botswana which ensures the effective functioning of all processes relating to financial payments and settlements.
Currency
The Bank of Botswana has been issuing currency (notes and coin) since August 1976 when the national currency, the Pula, was first introduced.
Financial Markets
The bank of Botswana engages in a variety of operations in domestic financial markets, covering money, bond markets, and foreign exchange markets.
GABORONE HEADQUARTERS
17938, KHAMA CRESCENT, GABORONE, BOTSWANA
PRIVATE BAG 154, GABORONE, BOTSWANA
TEL: 360 6000
FRANCISTOWN BRANCH
9597, THAPAMA CIRCLE, FRANCISTOWN, BOTSWANA
PRIVATE BAG F212, FRANCISTOWN, BOTSWANA
TEL: 241 0450, 240 0400
PRIVATE BAG 154, GABORONE, BOTSWANA