Standard Chartered PLC has announced a major strategic shift in its operations in Botswana, confirming today that it will explore the potential sale of its entire franchise in the country.
The announcement, made on Tuesday, January 13, 2026, expands significantly on the Group’s previous plans. In November 2024, the bank had initially signalled its intent to divest only its Wealth & Retail Banking (WRB) business. However, following engagement with the market, the scope of the sale has now been widened to include the Corporate & Investment Banking (CIB) division.
According to the bank, the decision to sell the full franchise—rather than splitting the retail and corporate arms—was driven by feedback from potential bidders. Investors indicated that they see “significant value in the combined scale” of the full Standard Chartered Botswana operation, citing benefits such as efficient funding, operational leverage, and broader client coverage.
A 12-Month Transition
The sale process is expected to be substantial, with the Group estimating a timeline of 12 to 15 months to complete the transaction. The sale remains subject to regulatory approvals and other standard closing conditions.
Mpho Masupe, CEO and Head of Coverage for Standard Chartered Botswana, sought to reassure stakeholders regarding the transition.
“The strength and attractiveness of the full SC Botswana franchise is a testament to the hard work of the entire SC Botswana team,” Masupe said. “We strongly believe that Standard Chartered Botswana is well-placed to thrive under new ownership with the necessary local scale.”
Masupe emphasised that the bank would work closely with colleagues and clients to minimise disruption during the lengthy sale process.
Broader African Strategy
While the bank is exiting its direct ownership in Botswana, leadership emphasised that Africa remains central to Standard Chartered’s global network.
Dalu Ajene, Head of Coverage and CEO for Africa, noted that the Group is focusing on its global strategy of combining cross-border corporate banking with wealth management for affluent clients. He highlighted that Wealth assets under management in sub-Saharan Africa have more than doubled in the last three years, rising from $1.7 billion to $4.0 billion, largely driven by growth in Kenya and Nigeria.
“We have operated in Africa for 170 years; the continent remains core to our network, and we have invested heavily in recent years,” Ajene stated.
The bank has pledged to minimise uncertainty for its workforce and stakeholders as it seeks a new owner for the historic Botswana franchise.
