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BIHL mum as Letshego slips deeper

Friday, April 05, 2024 | 2010 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.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred