BIHL Seals P57 Million Purchase Of Letshego Subsidiaries
Monday, February 22, 2010
Letshego Guard and Letshego Guard Insurance Company went up for sale last year, when parent company, Letshego Holdings Limited, decided to focus on its core business of lending. Through the purchase, BIHL plans to add the two subsidiaries' weight to its blue chip portfolio comprising, BIFM and Botswana Life.
Last week, it emerged that BIHL had fulfilled several conditions linked to the sale, which include renewal of the Letshego Guard Insurance Company's short-term licence by the Non Bank Financial Institutions Regulatory Authority (NBFIRA).
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...