Capricorn Group has appointed Olebile Makhupe as the Managing Director of Bank Gaborone, effective from July 1, 2023.
Olebile, a seasoned executive with over 22 years of experience in the corporate world, including financial services, will lead the Group’s banking subsidiary, Bank Gaborone.
Since its establishment in 2006, Bank Gaborone has grown its network to 12 retail branches. Olebile will also serve on Capricorn Group’s Executive Committee (Exco). Bank Gaborone is a subsidiary of Capricorn Group, which was established in 2006.
The appointment positions the group as the only financial services group in the region (Namibia, Botswana, South Africa, Zambia, and Lesotho) with two female Managing Directors leading its banking subsidiaries.
Capricorn Group’s Namibian banking subsidiary and flagship brand, Bank Windhoek, is led by Baronice Hans, a Namibian citizen who was appointed Managing Director in July 2016.
“At Capricorn Group, we believe that diversity ignites quantum leaps, and we are excited to confirm Olebile’s appointment. Since she joined Bank Gaborone in February this year as Managing Director Designate, she has already made a positive contribution. I have no doubt that under her leadership, Bank Gaborone will continue to thrive and be a driving force in Botswana’s financial sector,” Capricorn Group CEO Thinus Prinsloo said.
Expressing her gratitude, Olebile Makhupe said, “I am honored and excited to be appointed as the new Managing Director of Bank Gaborone. I am passionate about driving growth. I look forward to working with the Bank Gaborone team, with the support of Capricorn Group, to build on the bank’s successes, deliver value to our customers, and contribute to Botswana’s economy and society.”
