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Bona Life eyes rebound to market strength

Hopeful: Keakabetse expects Bona Life to regain its market share PIC: PHATSIMO KAPENG
Hopeful: Keakabetse expects Bona Life to regain its market share PIC: PHATSIMO KAPENG

Bona Life is confident of bouncing back to its formerly prominent spot in the market, following a P180 million recapitalisation effort by sole shareholder, the Botswana Public Officers Pension Fund (BPOPF).

Bona Life first established as Bramer Life in 2014 found itself in statutory management in 2015 after one of its shareholders, a Mauritian company ran into legal troubles.

At the time, help came from BPOPF which had set up a P500 million private equity investment fund run by an asset management firm, Capital Management Botswana (CMB).

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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