National Development Bank of Botswana

{{Infobox company

| name = National Development Bank of Botswana

| logo =

| type = Parastatal

| owner = Government of Botswana

| foundation = {{Start date and age|1963}}

| location = 161 Queens Road, Central Business District

| hq_location_city = Gaborone

| hq_location_country = Botswana

| key_people = Wilfred Mpai
Chairman
Lorato Morapedi
Chief Executive Officer

| num_employees =

| industry = Finance

| revenue = {{Loss}}Aftertax:BPW:168,150,000 (US$14.9 million) (2017)

| assets = BPW:1,444,758,000 (US$138 million) (2017)

| products = Agricultural Projects, Property, Education, Retail, Commerce & Industry

| homepage = {{URL|https://www.ndb.bw}}

}}

The National Development Bank of Botswana, (NDB Botswana), is a government-owned development bank in Botswana.{{cite web|url=https://allafrica.com/stories/202007270506.html | title=Botswana: NDB to Reposition As an Agri-Bank |date=26 July 2020 |newspaper=Botswana Daily News|author=Gobe Memo |access-date=29 July 2020 |location=Gaborone |format=via AllAfrica.com}}

Location

The headquarters and main branch of NDB Botswana are located at 161 Queens Road, in the central business district of Gaborone, Botswana's capital city. The bank maintains branch offices in Francistown, Maun and Palapye.{{cite web|date=29 July 2020 |access-date=29 July 2020 | url=https://www.ndb.bw/introduction |title=Offices and Branch Locations of National Development Bank of Botswana | publisher=National Development Bank of Botswana |author=National Development Bank of Botswana | location=Gaborone}} The geographical coordinates of the bank's headquarters are 24°39'25.0"S, 25°55'07.0"E (Latitude:-24.656944; Longitude:25.918611).{{google maps|title=Location of headquarters of NDB Botswana |

url=https://www.google.com/maps/place/24%C2%B039'25.0%22S+25%C2%B055'07.0%22E/@-28.7538039,25.8088862,1219910m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-24.6569444!4d25.9186111 |access-date=29 July 2020}}

Overview

NDB Botswana is a national development financial institution. While all development economic activity funding is considered, as of 2020, the focus is on funding agricultural development and the establishment of food security in Botswana. As of 31 March 2017, the bank's total assets were BPW:1,444,758,000 (US$138 million), with shareholders' equity of BPW:587,444,000 (US$52 million).{{cite web|date=16 August 2017 | url=https://www.ndb.bw/sites/default/files/downloads/THE%20NDB%20ANNUAL%20REPORT%20FINAL.pdf |title=NDB Botswana Annual Report For The Year Ended 31 March 2017 |publisher=National Development Bank of Botswana |access-date=28 July 2020 |author=National Development Bank of Botswana |location=Gaborone}}

History

National Development Bank of Botswana was established in 1963 by act of parliament. Its main objective is to provide financial services to Botswana's business sector. Its second objective is to earn satisfactory returns on shareholders' funds.{{cite web|url=https://www.ndb.bw/introduction |title=Introduction to National Development Bank of Botswana |publisher=National Development Bank of Botswana |date=28 July 2020 |access-date=28 July 2020 |author=National Development Bank of Botswana | location=Gaborone}}

Ownership

The bank is 100 percent owned by the government of Botswana.

Board of directors

{{as of|2020|July|df=}} the following constitute the nine-person Board of Directors of the bank:{{cite web| url=https://www.ndb.bw/board-members |title=Board Members of National Development Bank of Botswana |publisher=National Development Bank of Botswana |date=28 July 2020 |author=National Development Bank of Botswana |access-date=28 July 2020 | location=Gaborone}} 1. Wilfred Mpai: Chairman 2. Patricia M. Makepe: Deputy Chairperson 3. Mendel Ngoni Nlanda: Non-Executive Director 4. Olefile K. Mokatse: Non-Executive Director 5. Mmadima Nyathi: Non-Executive Director 6. Gerald N. Nthebolan: Non-Executive Director 7. Onthusitse M. Mosiakgabo: Non-Executive Director 8. Oganeditse Marata: Non-Executive Director and 9. Colleen M. Motswaiso: Non-Executive Director.