Botswana Savings Bank (BSB) has unveiled a new business strategy which sets the bank on course to become a Botswana owned integrated financial service provider.
Launching the new line of attack, BSB Chief Executive Officer, Nixon Marumoloa revealed the strategy, which is known as Lesedi 2025, started in April this year.
“Lesedi, which means light, is a three-year strategy and will light the way for BSB into the future. It comes at a time where as a bank we are transforming from the past into the future,” declared Marumoloa, adding the bank’s ambition is to reach each and every place in Botswana.
“What we need to do is to bank two types of people: the unbanked and the under-banked and when we get to our agency banking in the next few months, we will have banking services everywhere,” he maintained.
BSB is wholly owned by the government of Botswana with a mandate to encourage the nation to save as well as to provide inclusive financial services.
The new strategy is expected to set the bank on path to become a fully digital, financial inclusive and leading homegrown integrated financial service provider.