Sikalesele-Vaka braces for the fight of a lifetime :: Mmegi Online

Matters at troubled life insurance company, Bona Life, are coming to a head. A bitter shareholder row, P650 million lawsuit, attempts to dismiss the CEO and a Court of Appeal case, have left the company's founder, Regina Sikalesele-Vaka fighting hard keep her dream alive. She speaks to Mmegi Staff Writer, MBONGENI MGUNI

In April 2011, Regina Sikalesele-Vaka stunned a room full of dignitaries attending her farewell dinner with a speech that railed against the domination of South African giants in the Botswana financial services sector. A month earlier, Sikalesele-Vaka had quit as CEO of Botswana Insurance Holding Limited (BIHL) and at her farewell dinner, she detonated a truth bomb on citizen empowerment in the financial services sector. BIHL, the country’s largest diversified financial services group, is majority owned by a South African group.

“As a responsible corporate citizen, BIHL should participate in stimulating the economic growth of Botswana instead of releasing capital for the development of other economies.

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