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It was a black Monday at the Botswana Stock Exchange as companies continue to shed value, reflecting negative sentiments investors might be having as the pandemic drags on, affecting profitability and dividends.
ABSA Bank Botswana led the losses on Monday, dropping 18 thebe off its share price to trade at P4.52. The second biggest commercial bank in the country has lost 9.4 percent of its market value since the year started, making it the second biggest loser on the main domestic board.
Embattled Sechaba Brewery Holdings Limited began this week by losing 10 thebe as investors processed the Friday announcement that profit before tax will be approximately 15 percent (P29.1 million) lower than the P197 million reported for the year ended 31 December 2019. The companyâs share price has tumbled by 12 percent since the year began, fuelled in part by the national alcohol sales ban that ran from January until end of February.
Stanbic Bank Botswana AcceleR8 collaborates with Girls 4 Girls to expand community leadership skills for young women Jan 22, 2021
GABORONE – Stanbic Bank Botswana remains resolute in identifying ways in which the Bank can support initiatives that provide relevant and impactful difference in the communities they serve. The Bank’s flagship youth entrepreneurship hub, AcceleR8, will host the renowned Girls 4 Girls program from January to March 2021 in an effort to promote the mentorship and community leadership training of young women.
Lillian Moremi
Said, Stanbic Bank Botswana Head of AcceleR8, Larona Makgoeng, “We are proud to host the Girls 4 Girls program for the first time in Botswana and recognise the tremendous role this platform plays in nurturing young women into the future leaders of our community. As a Bank, we fervently believe that we need to come together to uplift the girl child and work even harder to ensure