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Botswana Trade and Project Financing

Includes Botswana's documentation, trade and project financing, country contacts, government websites, maps, etc

Botswana Trade and Project Financing

Postby bridgat » Mon Nov 17, 2008 2:19 am

Botswana’s banking sector consists of a central bank (Bank of Botswana), five commercial banks (Barclays Bank Botswana, Standard Chartered Bank Botswana, First National Bank Botswana, Bank of Baroda Botswana Ltd and Stanbic Bank Botswana), an investment bank, Investec Group, and African Banking Corporation of Botswana (formerly ulc) operating as a financial lease company. All are geared towards financing for new businesses. An additional six development-targeted financial institutions offer specialized services to specific economic sectors. There are currently no U.S. financial lending institutions or Multilateral Development Banks in the country. Nonetheless, all five major commercial banks operating in Botswana have correspondent relationships with U.S. banks.

There are no exchange controls in Botswana. The complete elimination of controls on current and capital accounts allows the free flow of money and capital. The most common method of payment for imports from the U.S. is through Letters of Credit, bank drafts or bank transfers.

The provisions for U.S. and other foreign firms borrowing in Botswana are liberal while local banks remain highly liquid. The country's commercial banks, however, have difficulty making long-term credit available due to the short maturity nature of their deposits and small capital bases. At present, commercial banks finance only about one-third of the annual investment in Botswana.

Botswana has kept its external borrowing to a minimum. Moreover, the country's favorable balance of payments situation has meant that with one or two exceptions it has not been forced to borrow externally on commercial terms.


COUNTRY COMMERCIAL AND INVESTMENT BANKS

Organization: Barclays Bank of Botswana Ltd.
Address: P.O. Box 478, Gaborone, Botswana
Phone: (267) 395-2041
Fax: (267) 395-3699

Organization: First National Bank of Botswana Ltd.
Address: P.O. Box 1552, Gaborone, Botswana
Phone: (267) 391-1669
Fax: (267) 390-6130

Organization: Standard Chartered Bank Botswana Ltd.
Address: P.O.496, Gaborone, Botswana
Phone: (267) 360-1500
Fax: (267) 397-2933

Organization: Stanbic Bank Botswana Ltd.
Address: Private Bag 00168, Gaborone, Botswana
Phone: (267) 390-1600
Fax: (267) 390-0171

Bank of Baroda
Address: P. O. Box 21559, Bontleng, Gaborone, Botswana
Phone: (267) 318-8878
Fax: (267) 318-8879
Email: botswana@barodabank.co.bw

Organization: Investec Bank Botswana Ltd.
Address: P.O. Box 49, Gaborone, Botswana
Phone: (267) 318-8623
Fax: (267) 318-8621
bridgat
 
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Joined: Thu Nov 13, 2008 12:51 am

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