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Capital bank rebrands to First Capital

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First Capital Botswana CEO, Jaco Viljoen

Capital Bank has rebranded to First Capital, as its parent company FMBcapital Holdings launched a single identity for operations in Botswana, Zimbabwe, Malawi, Zambia and Mozambique which is yet to rebrand at a later stage.

First Capital, Chief Executive Officer, Jaco Viljoen said the bank’s new image will not influence its operations or change focus on clients needs. “We will retain our focus on relationships, as we work alongside our clients and communities to help them achieve their extraordinary,” said Viljoen.

“Relationships will therefore remain at the core of our business, even as we continue to grow,” he added.First Capital Bank was first founded in Malawi in 1995, as First Merchant Bank (FMB) and had grown into a regional banking group.

With a total 2.5 billion pula in assets on the local market and 2.2 billion pula in clients’ deposits, the bank has plans to keep pace with growth both locally and in the region, providing integrated services across all the five countries where its footprint is found. “We do not expect anything to change if not improving it.

As we help customers achieve the extra ordinary,” said Hitesh Anadkat, First Capital Bank’s Board Chairman. First Capital’s appetite for growth is also supported by figures from the 2017 financial year results. The bank’s loans extended to clients grew by 47 percent under the Capital Bank brand and posted a 14 percent increase in profits in the same year in Botswana.

In addition, while total profits in Botswana’s banking sector has declined sharply in recent years, First Capital Bank has posted a compounded annual growth rate in profit after tax of 25 percent over the past five years.

Currently the Pan-African bank employs over 1800 staff serving a client base of approximately 840 000 customers across the region.

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Cell City rewards customers

Keikantse Lesemela

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Cell City gave away two Toyota Hilux pick up cars worth about P300 000 and three Hisense televion sets worth P15 000 each to their customers through their annual competition.

In partnership with Hisense and Orange Botswana, Cell City conducts annual competitions to reward their customers and contribute to citizen empowerment. Handing over the cars on Friday, Cell City Chief Executive Officer, Brian White said through the competition they want to satisfy their customers and give back to the community. “Cell City and Orange clients were given a chance to win either a Toyota Hilux pickup or a Hisense television set.

All they had to do was purchase any Hisense mobile phone from a Cell City or Orange retail outlet and fill in the competition form in the store,” said White.Thato Ntshabele, who won one of the cars told the Business Trends that she bought a Hisense cell phone worth P900. 00.

“I never expected that I can win a car. I was just filling the forms and dropped into the entry box and I forgot about it. I am so happy to receive this prize and I thank Cell City for this opportunity,” said Ntshabele. Another winner, Dimakatso Mmusi expressed his excitement saying he had always wanted a van and he is grateful to Cell City.

“I just bought a cell phone worth P899.00 at Cell City Railpark mall, I never expected anything, and I was just submitting the form as I was requested by the shop assistants. This car is very useful to me,” said Dimakatso.

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Smecha chillie hits the shelves

Keikantse Lesemela

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For the love of food and the passion to apply modern technology processes in food manufacturing locally, Kgalaletso Mothoagae established her own brand, Smecha specializing in relishes.

She processes and packages chillie in 325 gramms and 1 litre bottles selling at P50 and P150. She told the Business Trends that she decided to process chillies as it is one of the products that are rarely processed in the food industry.

She started cooking it for home consumption and later started selling to friends and currently the product has gone beyond borders at South African Spar shops and Restaurants. “I couldn’t look for any other vegetable as most of them have already been processed in the market. It is my first product of research in the food industry so I found out that I can do good business with this product. This chillie is free from preservatives but still has extended shelf life of 6 months,” said Mothoagae

The Kanye born young lady studied food technology and has the passion to explore the food processing market in Botswana and contribute to reduce the high food import bill. “I wanted to explore more about food and use my skills to contribute to the development of the local food processing and manufacturing industry. I also wanted to supplement my income at the same time,” said Mothoagae.

She has a degree in Food Technology. She says there is a lot of potential for business growth as there is a demand for the product locally and in South Africa. “My main customers are individuals in homes, they have embraced the product, and they love the taste. There is also a market that has been secured in SA; it is available in several shops like spars and some restaurants”. In future, Mothoagae said she would increase the product range to 10 using various vegetables and flavours.

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