BIHL brainstorms over shrinking formal sector jobs

Friday, March 16, 2018

Executives at the country’s largest diversified financial services group, Botswana Insurance Holdings Limited (BHIL), are breaking away for a strategy review to tackle an emerging phenomenon where the formal sector is ceding ground to the informal in terms of job creation.

While growth in the formal sector has remained largely flat, even declining by 2,600 jobs between September 2016 and September 2017, informal sector employment, led by the Ipelegeng programme, has been swelling.

The Ipelegeng programme rose by 2,862 jobs over the same period.

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BIHL brainstorms over shrinking formal sector jobs

Executives at the country’s largest diversified financial services group, Botswana Insurance Holdings Limited (BHIL), are breaking away for a strategy review to tackle an emerging phenomenon where the formal sector is ceding ground to the informal in terms of job creation.