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BIHL mum as Letshego slips deeper

Friday, April 05, 2024 | 1780 Views |

Botswana Insurance Holdings Limited (BIHL) has opted to keep mum on the downward performance of its associate, Letshego Holdings, despite the microlender’s troubles eating deep into the group’s performance.

For the year ended December 2023, Letshego reported an 82% drop in pretax profit from P684 million to P121 million.

The downward trend extends further to the previous financial year in 2022 where Letshego reported a 30% drop in pretax profits to P801 million, with the weaker performance partly due to below-par performances in Ghana, Tanzania, Kenya, Nigeria, and Rwanda. The pre-tax profits for the year to December 2022 were later restated to P684 million to take account of the effects of inflation in accordance with international accounting standards.

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BIHL mum as Letshego slips deeper

Botswana Insurance Holdings Limited (BIHL) has opted to keep mum on the downward performance of its associate, Letshego Holdings, despite the microlender’s troubles eating deep into the group’s performance.

Advancing social justice and decent work in Africa: A blueprint for change

Staying safe amidst the electoral frenzy as journalists brace for October election

Cultures Spears makes waves in the SA market

Sephobe for Miss Royal International Florida

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Teen carves promising artistic path

Mapantsola invade Ramokgonami

Koolkat Motyiko's single unravels rich tribal music tapestry

Stakeholders must step up veggie supply