Browsing: Mr. Steven Bogatsu

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,

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.…

After three years of fast growth, FNBB’s shareholders are now facing a slower era for the bank’s interest income—the money it makes from loans. What used to grow by double digits has now increased by just 5%, marking a more measured pace. At the 2025 full-year results presentation, Acting CFO

As First National Bank Botswana (FNBB) began its new 2030 strategy in July 2025, shareholders looks back at the 2020–2025 plan as proof that it has faced hard times before and still managed to grow. The five years started during COVID-19, when the economy, businesses and household struggled. But FNBB