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BIHL share price hits record high

Steering the ship: BIHL executives at their results briefing last Wednesday PIC: PHATSIMO KAPENG
Steering the ship: BIHL executives at their results briefing last Wednesday PIC: PHATSIMO KAPENG

Botswana Insurance Holdings Limited's (BIHL) share price hit an all-time high on Tuesday at P19.70, capping a week of milestones in which the counter also set the record for the Botswana Stock Exchange’s highest-ever turnover in a trading session.

BIHL, the country’s largest and most diversified financial services group, has been generally enjoying an upswing in its share price this year, and before Tuesday, had gained a net 11% on its share price since January.

On Tuesday, BIHL gained five more thebe to reach P19.70, its highest point since listing in 1991. Since its listing on the BSE, BIHL, which at one point sank to 20 thebe, has seen its share price rise by more than 7,700%, according to available data.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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