mmegi

BIHL finalises P250m exit of FSG

Tuesday, February 07, 2023 | 5770 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.

For the people: Stanbic Bank representatives in Letlhakane during an event. The bank has doubled down on its customer-focus and digital platforms PIC: FACEBOOK

Stanbic pretax profits up 11%

Mbongeni Mguni | 14 h ago

The audacity to be a unicorn

Mbongeni Mguni | 19 Apr 2024

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 1d ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 22 Apr 2024

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 22 Apr 2024

IEC rejects 2,513 registrations

Innocent Selatlhwa | 22 Apr 2024

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 22 Apr 2024

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 22 Apr 2024

Inspect the voters' roll!

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...

The Monitor Editor | 23 April 2024

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.

Explore

More

BIHL finalises P250m exit of FSG

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.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!