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Bank Gaborone Launches new mobile banking app

Bank Gaborone a member of the Capricorn Group, launched its new mobile banking app. The mobile banking app is part of the bank’s digital banking strategy which has evolved over the years to provide a better client experience and value for clients.

The new mobile banking app comes at an opportune time to respond to the current pandemic by banking clients with adherence to social distancing protocols. The app has been made available to all Bank Gaborone account holders, allowing them to access their bank accounts securely and make use of a variety of services.

“The mobile banking app was primarily designed with our clients in mind, infact, it was through their valuable feedback that we were able to create an easy to use, relevant and sleekly designed app which our customers can use anytime, anywhere.

The App is optimised for smartphones and tablets with quick navigation and fewer clicks to enable effortless transacting” stated Head: Retail Banking, Francois Saunders. He further stated that “the banks drive to provide solutions to its clients allows us to partner with them to co-create services which empower them to have greater control of their finances.”

The Bank Gaborone mobile banking app enables clients to manage card & EFT limits, make online payments, inter-account transfers and more. This provides an enhanced user experience in addition to existing digital platforms such as Tobetsa mobile banking and e-pula internet banking.

On protecting its clients, Managing Director, Sybrand Coetzee stated that “our intention is not only to provide an affordable option but to offer our clients a high-tech solution which safeguards them against fraud; this is why the Bank Gaborone mobile banking app provides security updates to protect its clients.” We understand the demand for instant and ‘on the go’ banking from our clients and hence we have enabled free access to the App with no data charges”

Clients using Android powered devices can access the Bank Gaborone mobile app on the Google Play store and those using Apple devices can access it on the IOS Appstore. “It is our belief that we bank people and not necessarily money, therefore, we will continue to introduce and unpack more app features as our clients’ needs continue to evolve,” said Managing Director Sybrand Coetzee.

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Matsheka seeks raise bond program ceiling to P30 billion

14th September 2020
Dr Matsheka

This week Minister of Finance & Economic Development, Dr Thapelo Matsheka approached parliament seeking lawmakers approval of Government’s intention to increase bond program ceiling from the current P15 Billion to P30 billion.

“I stand to request this honorable house to authorize increase in bond issuance program from the current P15 billion to P30 billion,” Dr Matsheka said. He explained that due to the halt in economic growth occasioned by COVID-19 pandemic government had to revisit options for funding the national budget, particularly for the second half of the National Development Plan (NDP) 11.

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Lucara sits clutching onto its gigantic stones with bear claws in a dark pit

14th September 2020
Lesedi La Rona

Botswana Stock Exchange (BSE) has this week revealed a gloomy picture of diamond mining newcomer, Lucara, with its stock devaluated and its entire business affected by the COVID-19 pandemic.

A BSE survey for a period between 1st January to 31st August 2020 — recording the second half of the year, the third quarter of the year and five months of coronavirus in Botswana — shows that the Domestic Company Index (DCI) depreciated by 5.9 percent.

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Botswana Diamonds issues 50 000 000 shares to raise capital

14th September 2020
Diamonds

Botswana Diamond PLC, a diamond exploration company trading on both London Stock Exchange Alternative Investment Market (AIM) and Botswana Stock Exchange (BSE) on Monday unlocked value from its shares to raise capital for its ongoing exploration works in Botswana and South Africa.

A statement from the company this week reveals that the placing was with existing and new investors to raise £300,000 via the issue of 50,000,000 new ordinary shares at a placing price of 0.6p per Placing Share.

Each Placing Share, according to Botswana Diamond Executives has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from, 7th September 2020, being the date of the Placing Warrants issue.

In a statement Chairman of Botswana Diamonds, John Teeling explained that the funds raised will be used to fund ongoing exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the Company.

The company is currently drilling kimberlite M8 on the Marsfontein licence in South Africa and has generated further kimberlite targets which will be drilled on the adjacent Thorny River concession.

In Botswana, the funds will be focused on commercializing the KX36 project following the recent acquisition of Sekaka Diamonds from Petra Diamonds. This will include finalizing a work programme to upgrade the grades and diamond value of the kimberlite pipe as well as investigating innovative mining options.

Drilling is planned for the adjacent Sunland Minerals property and following further assessment of the comprehensive Sekaka database more drilling targets are likely. “This is a very active and exciting time for Botswana Diamonds. We are drilling the very promising M8 kimberlite at Marsfontein and further drilling is likely on targets identified on the adjacent Thorny River ground,” he said.

The company Board Chair further noted, “We have a number of active projects. The recently acquired KX36 diamond resource in the Kalahari offers great potential. While awaiting final approvals from the Botswana authorities some of the funds raised will be used to detail the works we will do to refine grade, size distribution and value per carat.”

In addition BOD said the Placing Shares will rank pari passu with the Company’s existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 23 September 2020.

Last month Botswana Diamond announced that it has entered into agreement with global miner Petra Diamonds to acquire the latter’s exploration assets in Botswana. Key to these assets, housed under Sekaka Diamonds, 100 % subsidiary of Petra is the KX36 Diamond discovery, a high grade ore Kimberlite pipe located in the CKGR, considered Botswana’s next diamond glory after the magnificent Orapa and prolific Jwaneng Mines.

The acquisition entailed two adjacent Prospecting Licences and a diamond processing plant. Sekaka has been Petra’s exploration vehicle in Botswana for year and holds three Prospecting Licenses in the Central Kalahari Game Reserve (Kalahari) PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe.

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