BIHL finalises P250m exit of FSG

Tuesday, February 07, 2023 | 5990 Views |

Changing hands: FSG will now be majority owned by Africa Lighthouse Capital's unit

The country’s largest diversified financial services group, Botswana Insurance Holdings Limited (BIHL), has finalised the sale of its 37.6 percent stake in Funeral Services Group (FSG) to a unit of private equity firm, Africa Lighthouse Capital.

In an announcement to the Botswana Stock Exchange this afternoon, BIHL said all regulatory approvals for the deal had been granted and the P250 million paid as agreed.

FSG is a leading funeral services provider, with operations in Botswana, South Africa and Zambia. FSG manufactures and sells coffins and caskets, provides funeral-related services and also offers funeral insurance in partnership with Botswana Life, a wholly owned BIHL entity.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

4 Reasons to Fall in Love with Novelas+

correspondent | 06 Jul 2026

Between Two Worlds: Bacary Sagna on identity, Africa and the choice that defines a career

correspondent | 06 Jul 2026

BoB raises P2.8bn for govt as yields slide

Mbongeni Mguni | 21 h ago

Kelebeng: Fortuitously wooed into politics by sport

Ryder Gabathuse | 03 Jul 2026

Ray of light beams for gold mining in the North

Lewanika Timothy | 03 Jul 2026

Hope, uncertainty as economy enters second half

Mbongeni Mguni | 1d ago

BNF postpones executive secretary's disciplinary hearing

Tsaone Basimanebotlhe | 1d ago

Dow gets BCP women endorsement ahead of poll

Tsaone Basimanebotlhe | 1d ago

Appeal to public transport operators to exercise caution

Those who occasionally use highways like the A1 and A3 roads will bear testimony to have experienced this firsthand as they have been overtaken by overspeeding buses. Sadly, some of the passengers are the ones who urge some bus drivers to overspeed.The result of this madness is the horrific accident that claimed lives of nine people on Sunday evening near Lechana settlement along the A1 Highway.It is reported that the incident occurred after the...

The Monitor Editor | 07 July 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.