Botswana Insurance Holdings Explained

Botswana Insurance Holdings Ltd
Type:Public
Traded As:BIHL
Location:Gaborone, Botswana
Industry:Insurance, asset management, wealth management, investments,
Num Employees:342 (2020)
Parent:Sanlam

Botswana Insurance Holdings Limited (BIHL Group) is an investment, retirement, and insurance group that maintains its headquarters in Botswana and operates through three subsidiaries and holds a stake in a number of associate companies.[1] BIHL Group was established in 1975 and has been listed on the Botswana Stock Exchange since 1991.[2]

Subsidiaries and investments

The companies that compose the BIHL include, but are not limited, to the following:[3]

  1. Botswana Life Insurance Limited – Gaborone, Botswana – 100% Shareholding – A long term insurance service provider in Botswana.
  2. Botswana Insurance Fund Management Limited (BIFM) – Gaborone, Botswana – 100% Shareholding – A pension fund manager in Botswana.
  3. Botswana Insurance Company Limited – Gaborone, Botswana – 50% Shareholding – A short term insurance provider in Botswana.[4]
  4. African Life Financial Services – Lusaka, Zambia – 49% Shareholding – The company is involved in the provision of asset management and employee benefits administration.[5] It is ranked as Zambia's largest private investment managers.
  5. Funeral Services Group – Gaborone, Botswana – 37.59% Shareholding – This is a funeral services provider. The company, through its subsidiaries in Botswana, South Africa, Zambia and Zimbabwe, engages in the manufacturing and retail of coffins and caskets, provision of funeral related services and provision of funeral insurance.[6]
  6. Letshego Holdings Limited – Gaborone, Botswana – 28.05% Shareholding – A microfinance holding company operating in Botswana, Eswatini, Ghana, Kenya, Mozambique, Namibia, Nigeria, Rwanda, Uganda and Tanzania.[7] The company is listed on the Botswana Stock Exchange.
  7. Nico Holdings Plc – Blantyre, Malawi – 25.10% Shareholding – The group operates insurance and investments businesses in Malawi, Tanzania, Uganda, Zambia and Mozambique, as well as a banking business through NBS Bank.[8] The company is listed on the Malawi Stock Exchange.[9]

Ownership

The shares of the stock of BIHL are traded on the BSE, under the symbol: BIHL., shareholding in the group's stock was as depicted in the table below:[10]

Rank!Name of Owner!% Ownership
1Sanlam58.43
2Botswana Public Officers Pension Fund18.42
3Motor Vehicle Assurance Fund3.80
4Others19.40
Total100.00

See also

Notes and References

  1. Web site: Company profile: Botswana Insurance Holdings Limited . 20 March 2022 . African Financials.
  2. Web site: About us: BIHL Group . 20 March 2022 . BIHL Group.
  3. Web site: Company Structure: Botswana Insurance Holdings Limited . 20 March 2022 . BIHL.
  4. Web site: Introduction: Botswana Insurance Company (BIC) . 20 March 2022.
  5. Web site: AFLife - About us . 20 March 2022.
  6. Web site: About Us: FSG . 20 March 2022.
  7. Web site: Letshego Holdings Limited . 4 April 2016 . Letshego Holdings Limited: 2015 Integrated Annual Report and Financial Statements . Letshego Holdings Limited . Gaborone . PDF . 13 August 2016.
  8. Web site: NBS Bank . Annual Report and Financial Statements for the Twelve Months Ending 31 December 2018 . NBS Bank Limited . Blantyre . 2 March 2020.
  9. Web site: NICO: Shareholding structure . 20 March 2022.
  10. Web site: 31 December 2020 . BIHL Integrated Annual Report 2020 . 20 March 2022 . BIHL.

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