Prioritising continuity and deep institutional knowledge, Bank Gaborone has tapped Rabokolo for a top role as the institution’s transition begins
BONGANI MALUNGA
Bank Gaborone has appointed its Chief Financial Officer, Tsaone Raboloko, as Acting Managing Director with immediate effect, placing a seasoned executive at the helm while the search for a substantive leader gets underway.
The appointment comes as current Managing Director Olebile Makhupe prepares to step down, with the outgoing chief set to remain with the institution until August 31, 2026 to facilitate a smooth and orderly transfer of responsibilities.
Board Chairperson Christo de Vries said the decision reflects confidence in Raboloko’s extensive leadership credentials and his deep understanding of both the institution and the local market.
IMPORTANT RESPONSIBILITY
“On behalf of the Bank Gaborone Board, I warmly congratulate Tsaone on this appointment and thank him for accepting this important responsibility in service of the bank. His executive experience, institutional knowledge and understanding of the local operating environment will support continuity, stability and confidence during this transition.”
The board has adopted a strategy of prioritising stability at a time when financial institutions across the region are navigating evolving regulatory demands, technological transformation and heightened competition.
Raboloko brings nearly a decade of experience within Bank Gaborone, having joined the institution in January 2018. Over the years, he has occupied several critical leadership positions, including Head of Risk and Compliance, before assuming the role of Chief Financial Officer in April 2022.
BROAD EXECUTIVE FOUNDATION
His background across finance, governance, risk management and compliance provides a broad executive foundation that the bank believes is essential for steering a modern banking institution. Equally important is his familiarity with Botswana’s operating environment, customer expectations and the bank’s internal culture, factors that often prove vital during periods of leadership transition.
The board believes these attributes will enable Raboloko to maintain momentum on strategic priorities while ensuring business continuity and stakeholder confidence.
According to the bank, Makhupe’s extended stay until the end of August provides a structured handover process, allowing the incoming acting chief executive to assume responsibilities with institutional support and minimal disruption.