BIHL resists economic headwinds with 39% profit jump

Inflation in the half year averaged 10.9%, one of the highest levels in recent years, while additional pressure on consumers’ incomes came from two interest rate hikes the Bank of Botswana effected during the period.

On Wednesday, BIHL group chief executive, Catherine Lesetedi told a results briefing that the difficulties encountered by customers in the first half of the year had manifested in policy lapses and an increase in the early maturity termination of investment portfolios by clients.