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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

    Botswana athletes to train in USA

    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    April will see 2nd Instalment of Summer Kids Marathon

    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Home Companies & Markets

      CA approves BancABC acquisition citing job creation in the long term

      The Competition Authority (CA) has unconditionally approved the proposed acquisition of 78.15 percent of the issued share capital in African Banking Corporation of Botswana Limited from ABC Holdings Limited by Access Bank Plc.

      mm by Staff Writer
      June 23, 2021
      in Companies & Markets
      Reading Time: 1 min read
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      The Authority says it determined through an analysis of the facts of the merger that the structure of the relevant market is not expected to significantly change upon the implementation of the proposed merger. CA also says the proposed transaction is not likely to result in any adverse effects on competition, nor endanger the continuity of the supply of goods and services in the relevant market in Botswana.

      In terms of Public Interest Considerations, CA says the proposed merger will not have any negative effects on public interest issues in Botswana. “In particular, there will be no adverse effects on employment in Botswana.” According to the information submitted by the Merging Parties, BancABC started in Botswana 10 years ago and it has already opened 12 branches with over 390 employees.

      CA says the proposed merger provides an opportunity to implement the Acquiring Enterprise’s expansion strategy throughout the country and this will not only bring competition in the banking services but also employment. Therefore, CA says no job losses are anticipated in Botswana on account of the proposed transaction and it has been submitted that the proposed transaction is likely to result in job creation in the long term. “In that regard, the Authority does not foresee any detriment to matters of public interest that will arise as a result of the transaction under consideration.”

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