Sikalesele-Vaka braces for the fight of a lifetime

In April 2011, Regina Sikalesele-Vaka stunned a room full of dignitaries attending her farewell dinner with a speech that railed against the domination of South African giants in the Botswana financial services sector. A month earlier, Sikalesele-Vaka had quit as CEO of Botswana Insurance Holding Limited (BIHL) and at her farewell dinner, she detonated a truth bomb on citizen empowerment in the financial services sector. BIHL, the country’s largest diversified financial services group, is majority owned by a South African group.

“As a responsible corporate citizen, BIHL should participate in stimulating the economic growth of Botswana instead of releasing capital for the development of other economies.