Stanbic Bank Botswana is excited to announce the successful infrastructural development of Jackalas No.1 Border Mall in Ramokgwebana, situated next to the Zimbabwe-Botswana border. This project was made possible through a partnership with Khumo Properties, Zambezi Motors and Stanbic Bank Botswana. The Bank continues to support local businesses in order to drive economic growth within the community it operates in.
The official opening of the mall was graced by key Government officials and stakeholders, including local authorities, and the mall owner, Dr. Ishmael Nshakazhogwe. Stanbic Bank Botswana was represented by Lesego Osman – Head Business & Commercial Banking; Chanda Mwila – Head of Business & Commercial Banking – Zambia; Kealeboga Mogodi – Head of Global Markets Sales – BCB & PPB; and Mpho Maswabi – Commercial Banking Relationship Manager.
Zambezi Motors, a 100% citizen-owned company which is under the visionary ownership of Dr. Nshakazhogwe and is part of the Zambezi Group of Companies. The company has been selling and servicing Peugeot, VW commercial vehicles, delivery vans, ambulances, and minibuses, as well as operating mobile repair shops. Additionally, Zambezi Motors holds distribution franchises for MAN Trucks and DAF Truck, offering comprehensive services and parts for all brands they deal with. Zambezi Motors has diversified its line of business and ventured into property portfolio management, acquiring residential and commercial properties in Gaborone and Francistown, just as has been done with Jackalas No. 1 Border Mall. These properties served as operational bases for various ventures that have since contributed further to the value chain in being leased to both businesses and individuals.
“Stanbic Bank Botswana is delighted to have played a key role in the development of Jackalas No.1 Border Mall. This project aligns with our purpose of driving Botswana’s growth and reinforces our commitment to supporting local businesses in realising their aspirations. This mall is a significant source of employment opportunities for youth in the surrounding communities thus contributing to the region’s economic growth and development. As a Bank, we are committed to continuously playing a pivotal role in driving economic growth and prosperity within Botswana and beyond,” said Stanbic Bank Botswana Head of Business & Commercial Banking, Lesego Osman.
The successful collaboration between Stanbic Bank Botswana and Zambezi Motors is a testament to the Bank’s commitment to fostering economic inclusivity and promoting growth in Botswana. This milestone aligns with Government’s Vision 2036 goal of promoting rural development and underscores Botswana’s aspiration to become an economically inclusive nation. The newly opened mall also plays a pivotal role in transforming the local retail landscape, and serves not only the communities of Ramokgwebana, Jackalas No 1 & 2, Kgari, Butale, Moroka, Tshesebe, Senyawe, Mowana, Themashanga, and others on the Botswana side but also neighboring villages in Zimbabwe, such as Matabe and Plumtree.
“As the Zambezi Group of Companies, we are highly indebted to Stanbic Bank Botswana. The Bank has taken the commitment towards development of the country and its mainstream economy seriously by empowering business houses across the board. We as citizen entrepreneurs highly appreciate these efforts that Stanbic Bank Botswana continues to make, looking at long-term sustainability, continuity and independence,” said Dr. Nshakazhogwe. “As citizen entrepreneurs, we also look at the bigger picture in terms of the country’s development, pandemic of unemployment, transfer of skills and giving back to the community. With a view that the challenges of the country, the Government and its people should be seen by all of us as being a collective responsibility, hence appreciating efforts being made by Stanbic Bank Botswana and others in the local economy working to make progress and ambition a reality.”
The newly opened mall plays a pivotal role in transforming the local retail landscape, and serves not only the communities of Ramokgwebana, Jackalas No 1 & 2, Kgari, Butale, Moroka, Tshesebe, Senyawe, Mowana, Themashanga, and others on the Botswana side but also neighboring villages in Zimbabwe, such as Matabe and Plumtree.