Welcome
Kingdom Bank Africa Ltd “KBAL” is a Botswana International Financial Services (‘IFSC’) registered offshore investment bank licensed in terms of the Banking Act of Botswana and regulated by the Bank of Botswana.
KBAL’s success arises from its ability to provide personalized and confidential offshore banking services to its clients, focussing on providing its clients, mainly corporate and high net worth individuals, with a diverse portfolio of confidential offshore banking services.
During February, the Pula depreciated against most major trading partner currencies except the rand. The Pula depreciated against the euro (4.1 percent), the pound (2.2 percent), the yen (3.9 percent) and the US dollar (2.4 percent) while it appreciated against the rand (1.9 percent). On an annual basis, the Pula depreciated against all the currencies except the rand. The annual largest depreciation was 15.4 percent against the euro and the smallest was 2.9 percent against the US dollar.
Source:Bank Of Botswana
Recent Financial News
TREASURY
As an offshore bank, KBAL has particular emphasis on providing superlative trade finance services.
TRADE FINANCE
26th March: The Pula depreciated against most major trading partner currencies.
KBAL offers a range of traditional and innovative treasury products to its clients.
CUSTODIAL & FIDUCIARY SERVICES
Understanding the need for the Offshore client, KBAL has established a confidential and independent custodial and fiduciary services subsidiary, Kingdom Holdings (Botswana) (Proprietary) Limited.
A Botswana IFSC Registered Company
25th March: DCI declines
At the end of the week ending 20th March, the Domestic Company Index (DCI) of the Botswana Stock Exchange was at 8 137.99 points, a decrease of 0.04 percent from 8 141.25 points of the previous week. The total value traded was P2 267 901 on 458 127 shares. For year to date DCI is down by 3.43 percent.
Source:Bank Of Botswana
