National Development Bank of Botswana

The National Development Bank of Botswana, (NDB Botswana), is a government-owned development bank in Botswana.[2]

National Development Bank of Botswana
TypeParastatal
IndustryFinance
Founded1963 (1963)
HeadquartersGaborone, Botswana
Key people
Wilfred Mpai
Chairman
Lorato Morapedi
Chief Executive Officer
ProductsAgricultural Projects, Property, Education, Retail, Commerce & Industry
RevenueAftertax:BPW:168,150,000 (US$14.9 million) (2017)[1]
Total assetsBPW:1,444,758,000 (US$138 million) (2017)[1]
OwnerGovernment of Botswana
Websitewww.ndb.bw

Location

The headquarters and main branch of NDB Botswana are located at 161 Queens Road, in the central business district of Gaborone, Botswana's capital city. The bank maintains branch offices in Francistown, Maun and Palapye.[3] The geographical coordinates of the bank's headquarters are 24°39'25.0"S, 25°55'07.0"E (Latitude:-24.656944; Longitude:25.918611).[4]

Overview

NDB Botswana is a national development financial institution. While all development economic activity funding is considered, as of 2020, the focus is on funding agricultural development and the establishment of food security in Botswana.[2] As of 31 March 2017, the bank's total assets were BPW:1,444,758,000 (US$138 million), with shareholders' equity of BPW:587,444,000 (US$52 million).[1]

History

National Development Bank of Botswana was established in 1963 by act of parliament. Its main objective is to provide financial services to Botswana’s business sector. Its second objective is to earn satisfactory returns on shareholders' funds.[5]

Ownership

The bank is 100 percent owned by the government of Botswana.[5]

Board of Directors

As of July 2020 the following constitute the nine-person Board of Directors of the bank:[6] 1. Wilfred Mpai: Chairman 2. Patricia M. Makepe: Deputy Chairperson 3. Mendel Ngoni Nlanda: Non-Executive Director 4. Olefile K. Mokatse: Non-Executive Director 5. Mmadima Nyathi: Non-Executive Director 6. Gerald N. Nthebolan: Non-Executive Director 7. Onthusitse M. Mosiakgabo: Non-Executive Director 8. Oganeditse Marata: Non-Executive Director and 9. Colleen M. Motswaiso: Non-Executive Director.[6]

Senior management

The Chief Executive Officer, supervises nine other senior managers. As of July 2020, the CEO is Ms Lorato Morapedi.[2]

See also

References
  1. National Development Bank of Botswana (16 August 2017). "NDB Botswana Annual Report For The Year Ended 31 March 2017" (PDF). Gaborone: National Development Bank of Botswana. Retrieved 28 July 2020.
  2. Gobe Memo (26 July 2020). "Botswana: NDB to Reposition As an Agri-Bank" (via AllAfrica.com). Botswana Daily News. Gaborone. Retrieved 29 July 2020.
  3. National Development Bank of Botswana (29 July 2020). "Offices and Branch Locations of National Development Bank of Botswana". Gaborone: National Development Bank of Botswana. Retrieved 29 July 2020.
  4. Google (29 July 2020). "Location of headquarters of NDB Botswana" (Map). Google Maps. Google. Retrieved 29 July 2020.
  5. National Development Bank of Botswana (28 July 2020). "Introduction to National Development Bank of Botswana". Gaborone: National Development Bank of Botswana. Retrieved 28 July 2020.
  6. National Development Bank of Botswana (28 July 2020). "Board Members of National Development Bank of Botswana". Gaborone: National Development Bank of Botswana. Retrieved 28 July 2020.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.