BIHL Buys Stake In Malawi Firm

In a notification to the Botswana Stock Exchange, BIHL said the opportunity presented to buy 261,760,272 shares representing 25.1% issued share capital in Nico is attractive because Nico’s business is well diversified into a number of financial services spanning over five countries in Southern Africa.

“It further offers BIHL an opportunity to expand into Southern Africa at a market related price with attractive growth opportunities and enhanced return on group equity value.