Access Bank Botswana Makes Executive Leadership Announcement
Gaborone, Botswana – 24 February 2023: Access Bank Botswana, the BSE-listed arm of Africa’s largest bank by customer base, Access Bank, announces the resignation of its current Managing Director, Mr Kgotso Bannalotlhe, effective 10th April 2023. Mr Bannalotlhe has served as Access Bank’s Managing Director for half a decade, leading the company through transitions, significant growth and success, and helping usher in its transition from BancABC to Access Bank Botswana.
During his tenure, he has provided valuable leadership to the senior executive team and their members. Mr Bannalotlhe has spearheaded the bank's transition through COVID-19, the listing of the business on the Botswana Stock Exchange as well as the transition from BancABC to Access Bank Botswana, ensuring that the emergence of our bank is well-resourced to compete in the market and setting it well on a trajectory to become Botswana's number one bank. He has been a passionate leader of the expansion of our business – from 8 to 18 branches and Sales & Service Centres, 15 ATMs to 58 as well as the design and implementation our market leading digital channels and the enhanced customer value proposition that we will be rolling out to market soon. Kgotso leaves the bank strongly positioned for growth.
Board Chairperson, Lorato Mosetlhanyane says, “Mr. Bannalotlhe has successfully spearheaded the design of the bank’s five-year strategic growth plan which we set out when we transitioned to Access Bank from BancABC. Today we are one of Botswana’s top five banks, having laid an exceptional foundation for ongoing growth and success. We are confident that his departure will not affect the successful deployment of the next five-year growth plan and that the bank will continue to thrive.”
Bannalotlhe comments, “My tenure at Access Bank has been a remarkable experience, it has been a privilege to work with great colleagues and inspiring board members. I am especially proud to have witnessed the growth of the brand across Botswana and innovation coming from the team. I am looking forward to the launch of these compelling innovations in the months ahead. I have full confidence that the leadership team will continue to oversee success and growth of Access Bank Botswana and that the bank will continue to positively impact our customers and satisfy our shareholders.” Access Bank has commenced the search for a suitable successor. The bank is confident that the organisation's strong foundation of success, coupled with its talented management team, will ensure a smooth transition for shareholders, customers, and partners. The bank remains committed to its long-term strategy and operations will continue uninterrupted.
In the interim, Ms Musonda Chishimba will lead the bank as Acting Managing Director effective 11th April 2023. Ms Chishimba joined Access Bank Botswana as Deputy Managing Director in October 2022 having served as the Executive Director in Africa Subsidiaries – Access Bank with over 23 years’ experience in senior managerial roles, developing first-hand knowledge and expertise in the management of Client Relations, Technology, Risk Management and overall Banking Operations across several African geographies. She holds an MBA specialising in Finance from Herriot Watts University as well as a BSc (Hons) in Computing.
"On behalf of the Board of Directors, I would like to thank Mr. Bannalotlhe for his tireless efforts, and his dedication to Access Bank. He has been instrumental in the company’s success, and we are grateful for his contributions," concludes Mosetlhanyane.
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Contact:
Ms Polelo Kilner
Head of Marketing & Communications Polelo.Kilner@accessbankplc.com