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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
Use social media to build, not destro

It is a warning flare to every Motswana who logs onto social media. As a country, we have reached a point where the line between robust debate and outright destruction has become dangerously blurred. At face value, Mabeo’s response, which seeks an apology and threat of a defamation suit, might seem severe to some. But we cannot ignore the context. The comment in question did not offer a policy critique or question a political decision.It...

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