BIHL Seals P57 Million Purchase Of Letshego Subsidiaries
Monday, February 22, 2010

Letshego Guard and Letshego Guard Insurance Company went up for sale last year, when parent company, Letshego Holdings Limited, decided to focus on its core business of lending. Through the purchase, BIHL plans to add the two subsidiaries' weight to its blue chip portfolio comprising, BIFM and Botswana Life.
Last week, it emerged that BIHL had fulfilled several conditions linked to the sale, which include renewal of the Letshego Guard Insurance Company's short-term licence by the Non Bank Financial Institutions Regulatory Authority (NBFIRA).
It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...