Insurance industry 'nears saturation

Nganunu
Nganunu

Botswana insurance market is increasingly becoming saturated although local firms are still reluctant to explore market opportunities in other countries, an industry official believes.

Botswana hosted the Organisation of East and Southern Africa Insurers (OESAI) conference in Gaborone this week.

In an interview with BusinessWeek Chairman of OESAI Botswana Organising Committee, Dziki Nganunu said the insurance companies in Botswana need to look for markets outside Botswana.

Editor's Comment
Gov't, unions must find common ground

The situation is exacerbated by the ruling party’s admission that some of its most important election promises remain unfulfilled. This is not the change many Batswana had expected. The UDC was elected into power on a strong promise to improve lives, create jobs, protect workers and repair public services. It is therefore, not enough for the party to point only to new ministries, policies and long-term plans. These may be necessary, but...

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