Nigerian insurance firm to open in Botswana

A Nigerian insurance firm, Continental Reinsurance Plc will soon open shop in Botswana after being licenced by Non-Banking Financial Institutions Regulatory Authority (NBFIRA).

The company this week notified the Nigerian Stock Exchange (NSE), where it has primary listing, that it has been granted a license to open a subsidiary in Gaborone.

If they move as planned, Continental will become the third reinsurance firm to operate in Botswana with FM Reinsurance and First Reinsurance being the only two firms locally.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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