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As Botswana's first indigenous commercial bank, BBS Bank operates in one of the country's most closely supervised industries. Every major strategic decision, from capital management and digital transformation to risk oversight and regulatory compliance, ultimately passes through its board of directors.
That responsibility comes with compensation.
The bank's 2025 Integrated Report shows that non-executive directors collectively earned P1.76 million in board fees during the year, a 20.2% increase from the P1.46 million paid in 2024 after shareholders approved higher board fees designed to keep BBS competitive in attracting experienced directors. The remuneration excludes incidental expenses and applies only to non-executive directors, with executive directors compensated through their employment contracts.
Rather than paying directors fixed salaries, BBS compensates them through a governance-based fee structure consisting of quarterly retainers, board sitting fees and committee meeting fees. Directors who chair the Board, lead committees or serve as Lead Independent Director receive additional premiums in recognition of the greater responsibilities attached to those positions. The bank says the framework is benchmarked against peers in the banking industry and reviewed regularly to ensure it remains competitive while supporting sound corporate governance.
Dr Vincent Mogano | Chairman | P314,700
Although his remuneration declined slightly from P331,000 the previous year, Board Chairman Dr Vincent Mogano remained the bank's highest-paid director.
Mogano's career spans nearly three decades in banking and economic policy. After beginning as an economist at the Bank of Botswana, he moved into commercial banking as Market Risk Manager at Stanbic Bank Botswana before later becoming Treasurer at National Development Bank. Outside banking, he has also held leadership positions at Business Botswana and Botswana Open University.
As independent Board Chair, Mogano focuses exclusively on leading the board and deliberately does not serve on any committees, reinforcing his oversight role across strategy, governance and board effectiveness.
Koziba Moloyi | Lead Independent Director | P250,100
Moloyi brings deep expertise in human capital management after spending more than 20 years at Botswana Housing Corporation. Beyond serving as Lead Independent Director, she chairs the Human Resources, Remuneration and Nominations Committee, placing her at the centre of executive succession, remuneration policy and board appointments.
Her academic background includes a Bachelor of Commerce and postgraduate qualifications in Human Resource Management and Administration.
Pulane Letebele | P213,900
The increase from P47,000 in 2024 largely reflects the fact that she only joined the board during the previous reporting period. According to BBS's governance disclosures, Letebele, who is the former Auditor General, contributed skills in governance, stakeholder engagement and information technology before resigning after the reporting period to pursue other interests.
Ewetse Rakhudu | P201,400
A former Bank of Botswana executive, her résumé is one of the strongest on the board. Holding both an MBA and an LLB, she has served as General Counsel, Director of Payments and Settlements, Director of Human Resources and General Manager at the central bank. She has also chaired Botswana Power Corporation and held several national governance appointments.
Her legal and regulatory expertise supports the bank's oversight of compliance, governance and enterprise risk management.
Geoffrey Bakwena | P196,350
Governance specialist Geoffrey joined the board in 2020, and is among BBS's longest-serving independent directors and currently chairs the Risk and Compliance Committee. His professional experience spans capital markets, project management, financial services, government relations and board leadership, giving him significant institutional knowledge as BBS continues to evolve as a commercial bank.
John Kimani | P194,400
The bank identifies Kimani's strengths in commercial banking, strategic management, project delivery and information technology, areas that have become increasingly important as banks invest more heavily in digital channels and technology infrastructure.
Sejo Lenong | P194,100
Audit Committee Chair Sejo Lenong is a qualified accountant with ACCA, FCCA and FCA designations. Lenong previously held senior finance positions at Bank Gaborone before moving into the telecommunications sector. Earlier in her career, she worked at Deloitte, giving her extensive experience across audit, financial reporting, commercial banking and enterprise risk.
Those credentials made her a natural fit to lead the Board Audit Committee.
Mmoloki Mogotsi | P192,150
Before resigning from the board in January 2026, Mmoloki Mogotsi earned P192,150.
BBS identifies his strengths across governance, accounting, project management and financial reporting. His departure marked one of several governance changes undertaken by the bank during the year.
Pedzani Tafa
Unlike the non-executive directors, Managing Director Pedzani Tafa does not receive board fees because she is remunerated as a full-time executive employee.
Tafa made history by becoming the first Managing Director of BBS Bank after its transition from a building society into a commercial bank, and remains the first woman to lead the institution.