Board of Directors


  • Michael Lesolle

    Michael Lesolle

    Board Chairperson


    A Chartered Certified Accountant (FCCA), Michael is currently self-employed and commands a lot of respect in the accountancy profession and in the business world having headed big organisations like Botswana Accountancy College (BAC), and Botswana Savings Bank (BSB).

    A Fellow member of the Association of Chartered Certified Accountants (ACCA), he has extensive experience in various aspects of business and the accountancy profession.

    His accountabilities at BOTSWANA ACCOUNTANCY COLLEGE and Botswana Savings Bank as CEO in both cases, entailed the engineering of teams’ behavioral change dynamic, mindset change, the imperative of holding the customer in high esteem, embracing technology, anticipating market changes and wealth creation. He has contributed extensively in the accountancy profession both locally at the Botswana Institute of Accountants (BIA), now Botswana Institute of Chartered Accountants, where for many years he was Member of Council, and ultimately as President of the Institute. He was part of the team that were instrumental in the establishment of the new Botswana Institute of Chartered Accountants. At international level, he was involved with several of ACCA Global initiatives. In a similar fashion, Mike was an active member of the Botswana Institute of Bankers, and at some point the Institute President. He has previously undertaken a significant amount of Public Sector Consultancy work.

    The formative years of his accountancy career were in the U.K. where he studied and trained in ‘The City’ with the firm of chartered accountants- Deloitte Haskins & Sells at the time. He learnt the ropes within the firm in the statutory audits of the blue chip companies in various industry groupings, most of them listed in international exchanges. Within Deloitte, he had exposure to Corporate Finance, Consulting and Small Enterprise divisions of the firm. He is non-executive director for a number of Boards including as member of the BDC Audit Committee, Member of the newly established Botswana Oversight Authority Board, Chairman of Venture Partners Botswana, former Member of University of Botswana Council and others. He spends a good deal of his time mentoring young people into believing in themselves and cultivating the spirit of entrepreneurship.

    Mr Lesolle is also a Member of the Botswana Institute of Chartered Accountants.

  • Daniel N Loeto

    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.


  • Mendel Ngoni Nlanda

    Mendel Ngoni Nlanda

    Director of Finance - University of Botswana

    Vice Chairperson- Standards Setting Committee

    Mr. Mendel Ngoni Nlanda was first appointed to the Board of Botswana Accountancy Oversight Authority [BAOA] on 1 September 2013. He also serves as the Vice Chairman of the Standard Setting Committee. Mr. Nlanda is currently the Director of Finance at the University of Botswana [UB]. He is a Fellow member of both the Botswana Institute of Chartered Accountants [BICA] and Association of Certified & Chartered Accountants [ACCA], a UK based professional body of Chartered Accountants.

    Mr. Nlanda studied at Emile Wolf College in London and qualified as a Chartered Accountant in 1996. He also holds a Bachelor of Commerce Degree from the University of Botswana obtained in 1985. He successfully completed a course on Strategic Financial Management in Higher Education offered by UNESCO/International Institute for Educational Planning [IIEP], Paris, France.

    Mr. Nlanda is a shrewd and highly experienced Accountant and Administrator. He spent a year on sabbatical at the University of Pennsylvania, USA [July 1, 2008 – June 30, 2009] to gaining hands on experience on the international scene and at a world class university. Apart from Finance Directorship at UB, Mr. Nlanda is also:

    • The Principal Officer of the University of Botswana Pension Fund, the third largest pension fund by value in the country.
    • The treasurer of the University of Botswana Foundation.
    • A member of several statutory and non statutory committees within and without the University.
    • Deputy Chairman of UB Tender Committee, which adjudicates tenders for both Capital Development Projects and Recurrent Expenditure.


  • Emmah Peloetletse

    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.


  • Keneilwe Morris

    Keneilwe Morris

    Commissioner General - Botswana Unified Revenue Service (BURS).


    Mr. Keneilwe Robert Morris is a career tax official who brings over 30 years’ experience in the customs and tax administration field. He rose through the ranks and has occupied various management and leadership positions in government and the Botswana Unified Revenue Service. These include Director of Customs and Excise, Commissioner of Customs and Excise and Chief Executive Officer, BURS, a position he has occupied since December, 2010.

    Mr. Morris is a member of various local, regional and international committees dealing with tax and customs policy formulation and administration matters. These include the membership to the Taxation Review Committee, the African Tax Administration Forum Governing Council and the World Customs Organisation Policy Commission. Some of his personal achievements include coordinating and leading the team which established the Botswana Unified Revenue Service in 2004.

    Mr. Morris has attended several technical, management and strategic leadership training programmes locally and abroad.


  • Oaitse M. Ramasedi

    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.



  • Thapelo Tsheole

    Thapelo Tsheole

    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.

  • Lynette Armstrong

    Lynette Armstrong

    CFO- Debswana.


    Ms. Lynette Armstrong is a fellow member of both BICA and the Association of Chartered Certified Accountants (ACCA). She is currently the Chief Financial Officer of Debswana and has, in the past headed finance departments at BCL, Tati Nickel Mine, and Debswana Orapa and Letlhakane mines.

    She has done courses in management and leadership development and executive coaching in the UK and South Africa. She brings to the Board a wealth of knowledge from serving as board secretary at Debeers Prospecting and Tati Nickel and also serving in several board directorships in many companies including, Bofinet, and Peo and trusteeships in pension funds.


  • Zoë Angela Isaacs

    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).