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Board of Directors
Ms. Lynette Armstrong is currently the Acting Managing Director and Chief Financial Officer of Debswana Diamond Company. As Debswana’s CFO, Lynette is responsible for the overall financial management of Debswana’s Operations, including financial planning and reporting, balance sheet management, audit, tax, treasury and governance. As the Company’s principle interface with the Board Audit Committee, Lynette is charged with ensuring that Debswana’s financial disclosures and regulatory compliance are timely, transparent and efficient.
Lynette has extensive financial experience in mining companies in Botswana. Previously, Lynette was Financial Controller of Debswana responsible managing budgets, planning and financial reporting. Lynette’s financial career took off in 2001, where she was appointed Chief Mine Accountant for BCL Mine. She later joined De Beers Prospecting Botswana as Business Manager. In 2006 she joined Debswana as Finance Manager for Orapa, Letlhakane and Damtshaa mines. 2009-2013, Lynette joined base metals and worked for Tati Nickel Mining Company and BCL Mine as Head of Finance.
Lynette is a Chartered Certified Accountant (ACCA) and a member of Botswana Institute of Chartered Accountants (BICA), and has completed the Accelerated Development Programme at the London Business School, Management Development Programme at Stellenbosch Business School, Strategic Marketing Management at University of Witwatersrand well, as well as an Executive Personal Development Coaching Programme. Lynette serves on the Board of Trustees for Debswana Pension Fund, the Board of BoFiNet, and the Board of Morupule Coal Mine.
Daniel N Loeto
Head of Accounting Department at Bank of Botswana
Chairperson-Finance, Audit and Tender Committee
Daniel N LOETO, Head of Accounting Department - Bank of Botswana. Has a Bachelor of Science (Mathematics and Physics); Post Graduate Diploma in Education and Master of Business Administration: all from the University of Botswana. Qualified with an ACCA since December, 1997 and admitted a Fellow of The Association of the Chartered Certified Accountants since February 2005; also a Fellow of the Botswana Institute of Bankers since December 1998 after passing the Associate Diploma examinations in March 1993.
Has been serving on the Board of Botswana Unified Revenue Service (BURS) since the organisation’s inception (June 2004) as the Bank’s representative. Mr. Loeto has also served as a member of the Botswana Institute of Bankers Council; Thornhill Primary School Council and an Employee Trustee of the Bank of Botswana Defined Contribution Pension Fund.
He attended the Executive Development Programme of the University of Cape Town’s Graduate School of Business in July-August, 2005. I have also several seminars, workshops and other short-term training courses at the Bank of England, Duetschbundes Bank and the European Central Bank mainly related to accounting and central banking.
Before joining the Bank in August 1991, I taught Mathematics to Advance Level for about 5 years. I have also been a part time lecturer and examiner at the Botswana Institute of Bankers for several years.
Emmah A. Peloetletse
Accountant General-Republic of Botswana
Ms Emmah Peloetletse is the Accountant General of the Republic of Botswana, a position she was appointed to in 2009. She holds a Bachelor of Commerce degree from the University of Botswana, and holds a post-graduate Diploma in Public Finance from the National Institute of Financial Management in India. Mrs Peloetletse has a sound background and experience in strategic management and public sector governance issues acquired from the more than two decades of service in the government at various levels; from being a trainee accountant and rising through the ranks to the position of the country’s Accountant General.
Mrs Peloetletse has participated in several high level regional and international conferences representing the Government of Botswana, and served in several Boards. She is a member of the Botswana Public Officers Pension Fund (BPOF) Board, Botswana Accountancy College (BAC) Board and the Botswana Accountancy Oversight Authority Board. She is a member of the East and Southern African Association of Accountants General (ESAAG) Technical Committee.
She is a member of the Botswana Institute of Chartered Accountants (BICA) and the Chartered Institute of Public Finance & Accountancy (CIPFA). Mrs. Peloetletse is outspoken and upholds a high level of professionalism.
Mr. Gobona Tobedza has over 25 years’ experience in corporate, academic and consulting. Seven years were in the consulting and academic environment and the remaining 18 years were at middle management, executive and strategic levels of the corporate sector. Tobedza has held several senior positions with several organizations; Direct of Finance and Corporate Services (CFO) with Botswana Railways, Senior Accountant with Bolux Milling, and Branch Accountant with Grinaker Whyle.
Tobedza is a fellow member of the Association of Certified Chartered Accountant (ACCA), as well as fellow member of Botswana Institute of Chartered Accountants (BICA).
Gobona is a trainer in accounting, entrepreneurship and taxation for institutions and other organizations. He also holds a Certificate of Vocational Education and training (CVET), a teaching qualification; he has attended many workshops and has experience in teaching, research and publication. Mr. Tobedza has five journal publications three conference presentation and one book chapter.
Gobona Tobedza is a graduate of the University of Botswana, with a Bachelor of Commerce Degree as well as Master of Business Administration Degree. He currently lectures in Financial Accounting, Cost and Management Accounting, Taxation subjects at both undergraduate and post graduate levels at the University of Botswana. Tobedza is also currently working as a project coordinator for ESAAG (Eastern and Southern Africa Association of Accountant General) at the University Botswana, and also a member of Department of Finance and Accounting Board.
Mr. Gobona Tobedza was an independent Chairman of ABM University College. He has been in independent member of the Board for 15 years and has a lot experience in the private tertiary education space in Botswana. As board member he progressed from just being an independent member of the board to being chairman of Finance and Audit Committee, Vice Chairman and Chairman. ABM University College is one of Botswana’ oldest private university, today it has a student population of just over 4000 students.
In the corporate space, Mr. Tobedza, is an investor in a number of private companies with interests in Insurance, hospitality, IT and horticulture.
Oaitse M. Ramasedi
CEO- Non Bank Financial Institutions Regulatory Authority
Mr. Oaitse M. Ramasedi is currently the Chief Executive Officer of the Non-Bank Financial Institution Authority (NBFIRA). Prior to that, he was the Chief Executive Officer of the National Development Bank (NDB), and prior to that, he served in various senior management capacities in both accounting/finance and internal auditing functions in government, parastatal and private sector, respectively.
Mr Ramasedi is a Chartered Global Management Accountant (CGMA) as well as being a Fellow Member of the Chartered Institute of Management Accountants (FCMA); Botswana Institute of Chartered Accountant (FCA); and the Insurance Institute of South Africa (FIISA); respectively. He is also an Associate Member of the Botswana Institute of Bankers (ABIB).
Aside of the above, Mr Ramasedi successfully completed the Advanced Programme in Risk Management with the College for Business Management, University of South Africa (CBM UNISA).
Mr Ramasedi has served in a number of organisations as a Board Members. He is currently in the Executive Committee of the International Organisation of Pensions Supervisors (IOPS), the Board of the Botswana Accountancy Oversight Authority (BAOA), and that of the Botswana Retired Nurses Society (BORNUS).
Mr Ramasedi previously Chaired the SADC Committee on Insurance Securities and Non-bank Authorities (SADC CISNA), Botswana Institute of Bankers, SADC Development Fund Resource Centre (SADC dfrc), Botswana Housing Corporation Finance and Audit Committee (BHC FAC), amongst others.
CEO- Botswana Stock Exchange (BSE).
Mr Tsheole is a seasoned Financial Markets expert with a cumulative experience of 15 years having worked for Bank of Botswana and Botswana Stock Exchange.
Mr Tsheole holds a Bachelor of Social Sciences (Single Major Economics) from the University of Botswana and a Master of Commerce (MComm) in Financial Markets from Rhodes University (RSA). Further, he holds a Masters in Business Administration (MBA) from the Graduate School of Business, University of Cape Town (RSA). He has also completed several financial markets programmes as well as a Leadership Development Programme at the University of Stellenbosch Business School (RSA).
Mr Tsheole has extensive financial markets experience in Capital Markets, Forex, Structured Products and the Financial Market Regulation. He was appointed CEO of the Botswana Stock Exchange (BSE) in January 2016 following a short stint as Deputy CEO at BSE since February 2014. His career at BSE began in February 2007 when he was appointed Product Development Manager.
Mr Tsheole is a firm believer in the development of the financial market in Botswana and Africa, as well as their importance to economic growth and stability. It is against this backdrop that he has led initiatives to increase activity in the financial market in Botswana.
Mr Tsheole is currently a member of the African Securities Exchanges Association (ASEA) Executive Committee, and sits on the following Boards; Botswana Accountancy Oversight Authority, Medicines Regulatory Authority of Botswana, ACHAP Botswana and ACHAP International.
Zoë Angela Isaacs
Director-Business Development Services- Business Botswana.
Ms. Zoë Angela Isaacs is currently the Director, Business Development Services at Business Botswana(BB). Ms Isaacs holds a Master of Science in Business Administration from the University of Illinois at Urbana Champaign and a Bachelor of Commerce from the University of Botswana.
In her achievement box lies the introduction of the Labour Relations Symposium, an event which brings together practitioners in the labour industry to discuss evolving trends and share experiences, Development of a business plan for the setting up of a Regional Chamber of Commerce for the Selibe Phikwe Economic Development Unit (SPEDU).
Ms. Isaacs has served in different Board Committees amongst them Member of the Human Resource Development Council (HRDC) Committee on Finance and Business Development, Member of the Human Resource Development (HRD) Fund Committee, Ms Isaacs has held different positions from the Business industry. She started her career as Assistant Accounts Officer at the Botswana Building Society (BBS) from 1989 to 1990. Isaacs also served as Senior Project Officer from 1990 to 1996 at Botswana Development Corporation (BDC). After working for Caltex Oil Botswana from 1996 to 1998 as Commercial Sales Representative, she joined Peo Holdings (Pty) Ltd (renamed Peo Venture Capital) as Portfolio Manager. Prior to joining Business Botswana, Isaacs worked for Citizen Entrepreneurial Development Agency (CEDA) as Acting Deputy Chief Executive – Operations. Responsible for the overall management for the activities of the Organization, providing broad strategic vision and leadership for the operations of Citizen Entrepreneurial Development Agency (CEDA). She also held different positions of Entrepreneurial Development Manager (Head of Department Training and Mentoring Department).