Browsing: Dr Mbako Mbo

Investors welcomed First National Bank Botswana’s (FNBB) stable earnings, which came mainly from other services (non-interest income) rather than interest on loans (interest income), as lending slowed under the current economic challenges. But even these income sources are under strain, as the slower economy may mean less money moving around,

First National Bank of Botswana (FNBB) has, for the longest time, made its platforms—point-of-sale machines (POS), airtime, and electricity payments—available to clients at no charge. The big question for shareholders is whether FNBB’s free services for clients cost the bank money or help it make more profit.  At first glance, “free”

Banks across Botswana are wrestling with a problem: money is tight, and they have to pay more to attract it before they can lend it out. But where others see a headache, First National Bank Botswana (FNBB) is spotting an opening. The bank’s deputy CEO, Dr Mbako Mbo, pointed to its eWallet service—not