Bank Gaborone MD resigns

Capricorn Group announced that Olebile Makhupe will step down from her role as Managing Director of Bank Gaborone, a subsidiary of Capricorn Group, to pursue other interests and priorities.

Her resignation was acknowledged at the bank’s board meeting held on 28 May 2026. She will leave the group on 31 August 2026. Over the coming months, she will focus on the orderly handover of her responsibilities to support a smooth transition.

“Since joining the group in February 2023, Makhupe has been a valued member of the group executive committee and has provided steady leadership during an important period for both Bank Gaborone and the broader Botswana operating environment. Capricorn Group thanks her for her contribution, professionalism and commitment, and wishes her well in her future endeavours,” David Nuyoma, Capricorn Group CEO, said.

To ensure continuity and stability, the group announced that an interim Acting MD for Bank Gaborone will be announced soon. The group has commenced a formal recruitment process for a permanent appointment.