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).
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...