FNB Botswana to Set Up Small Business Division

source: allAfrica
Mmegi/The Reporter (Gaborone)

April 25, 2007
Posted to the web April 25, 2007

Ryder Gabathuse

The First National Bank of Botswana (FNBB) is in the process of establishing a business banking division to cater for small and medium scale enterprises (SMEs), a senior bank official said last Saturday.

Nixon Marumoloa, FNBB’s relationship executive in the corporate banking division, announced this at the Hospitality And Tourism Association of Botswana’s (HATAB) Open Season symposium held at the resort town of Kasane over the weekend.

He was responding to questions regarding what his bank was doing for the so-called ‘small banking customers’, especially those that have just set up businesses or individuals who have just started work.

“It’s not that we are simply sitting in Gaborone doing nothing. We are packaging a product targeting SMEs and people who have just gone into business,” Marumoloa explained.

He said FNBB was setting up a business banking division for the specific support of the small and medium business community and individuals.

“At the moment, we are actively involved in setting up things. Once the business banking division has been launched, we will take it to the people as a complete product as usual,” Marumoloa said to a round of applause.

One of the participants, who preferred anonymity [continue reading]


  1. its been long you guys seing small business going down.

    but even what you bring is not for public intrests its all for you and the big business that are already there.

    but consider the hard working young men and women at a low stage.

    consider starting business. ps

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