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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
WUC must fix its pipes, not just say sorry

“Clean water, the essence of life and a birthright for everyone, must become available to all people now.”– Michel CousteauWe see notices for Block 6, Extension 11, Gaborone, Francistown; the list grows every week. It is good that WUC warns consumers, but so many warnings point to a deep problem. Water pipes are old and falling apart. And the people who pay the bills are the ones suffering.When a main pipe bursts, taps run dry. Families in...

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