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Botswana launches indigenous insurer

BLIC CEO Tshepo Jim giving a speech. PIC MORERI SEJAKGOMO
BLIC CEO Tshepo Jim giving a speech. PIC MORERI SEJAKGOMO

A new model of citizen-driven participation in the financial services sector has been introduced following the official unveiling of Babereki Life Insurance Company (BLIC).

The company gives ordinary citizens direct stake in ownership and governance, reflecting a shift towards local control in an industry long dominated by multinational firms. At the launch, BLIC’s founding CEO, Tshepo Jim, highlighted the company’s purpose.

“Botswana deserves a life insurance company that reflects our beliefs, our culture, and our collective aspiration for a secure and prosperous future,” he said.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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