# Financial sector development in Botswana and Mozambique > Live situation record from CLSTR: https://clstr.news/situations/financial-sector-development-in-botswana-and-mozambique > Updated: 2026-09-10T17:38:30.000Z. Sources: 3. Developments: 2. Financial institutions in Botswana and Mozambique are implementing various strategic initiatives aimed at economic development and business support. In Botswana, Absa Group has reaffirmed its commitment to the nation’s economic landscape through discussions with the Minister of State President regarding public-private partnerships for sustainable growth. Additionally, Letshego Africa Holdings has revived its bid for a commercial banking license to focus on deposits, payments, and digital financial services as part of a strategy to concentrate capital in specific markets. First Capital Bank Botswana is also supporting local development by sponsoring a business and leadership expo intended to connect youth and students with industry leaders. In Mozambique, Standard Bank, in partnership with the European Union and GIZ, has launched ‘Empreenda’, a digital learning platform. The platform provides virtual training modules in Portuguese to support entrepreneurship and technical training for Small and Medium Enterprises (SMEs). ## Timeline ### 2026-09-10: Standard Bank and First Capital Bank launch initiatives to support SMEs and youth Standard Bank launched a free digital training platform for Mozambican SMEs, while First Capital Bank Botswana is sponsoring a business and leadership expo to support youth and entrepreneurship. 2 sources. https://clstr.news/cluster/standard-bank-and-first-capital-bank-launch-initiatives-to-support-smes-and-youth ### 2026-08-23: Financial institutions advance strategic shifts in Botswana Absa Group reaffirms its commitment to Botswana’s economic growth through public-private partnerships, while Letshego Africa Holdings revives its bid for a commercial banking license in the country. 2 sources. https://clstr.news/cluster/financial-institutions-advance-strategic-shifts-in-botswana --- Cite as: Financial sector development in Botswana and Mozambique. CLSTR, https://clstr.news/situations/financial-sector-development-in-botswana-and-mozambique