the monitor

BIHL feels premium strain as fiscal crunch squeezes households

Catherine Lesetedi
Catherine Lesetedi

Botswana Insurance Holdings Limited (BIHL), the country’s largest financial services outfit, has warned that fiscal headwinds battering government are filtering down to households and businesses and ultimately affecting premium collections by insurance companies.

The listed BIHL, which is a diversified entity that owns Botswana Life Insurance Limited and Botswana Insurance Fund Management (BIFM), said some retail clients whose revenues are dependent on government contracts have struggled to keep up with policy obligations.

As a result, the company has rolled out payment plans to cushion clients under strain.

Editor's Comment
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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