Saturday, July 12, 2025
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

  • Subscribe
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

  • Subscribe
No Result
View All Result
The Business Weekly & Review
No Result
View All Result
Home Companies & Markets

Africa Lighthouse Capital acquires majority stake in FSG

mm by Kabelo Adamson
September 1, 2022
in Companies & Markets
Reading Time: 2 mins read
0
Africa Lighthouse Capital acquires majority stake in FSG

GABORONE 1 June 2021, Orange Botswana and Funeral Service Group (FSG) partner in making the funeral service insurance payment easier through Orange Money in Gaborone on 1 June 2021. Orange Money representative Onalethata Moswagolw and FSG Head of sales Tebogo Moribame-Setiko officiates the launch of the service while other officials were present from both organisations. A general view of the FSG office building. (Pic:Monirul Bhuiyan/PRESS PHOTO)

Share on FacebookShare on Twitter
  • BIHL to achieve P250m in the transaction

ALFC I Investment, a company owned by Africa Lighthouse Capital, is in the process of buying Botswana Life’s stake in FSG Limited, the leading funeral services company in Botswana.

This follows a notice to shareholders earlier this month by Botswana Insurance Holdings Limited (BIHL) to the effect that one of its subsidiaries, Botswana Life Insurance Limited (BLIL), has entered into a transaction for the sale of the life insurer’s 37.62 percent shareholding in FSG Limited. In a fresh update this past week, BIHL announced ALFC I as the buyer of Botswana Life shares in Funeral Service Group.

ALFC I is one of the existing shareholders of FSG with a stake of 19.37 percent. This transaction, upon completion, will raise its shareholding to 56.99 percent. This will make ALFC I the majority shareholder of the funeral services group. Other current shareholders in FSG besides Botswana Life include Flip Coin (Pty) Ltd, Tebelelo Seretse and Vijayan Narayanan. The transaction, according to the earlier notice, was executed by way of an auction process to establish a market price and maximise value for BIHL’s shareholders.

This culminated in BIHL achieving a cash consideration of P250 million, of which P240 million will be paid in cash on closing and the balance will be paid in cash within 10 months of closing. BIHL Public Relations, Communications & Marketing Manager, Tebogo Keepetsoe, could not address The Business Weekly & Review queries regarding the transaction, saying the Group is currently in a closed period as it prepares to release its half-year financials next week.

“The BIHL Group is currently in a closed period as we prepare to release the 2022 half-year results on the 31st August 2022,” Keepetsoe said. “We therefore are unable to respond to your inquiry and refer you to the notice published on the Botswana Stock Exchange X-News dated 5th August 2022.” Among others, this publication sought to establish what motivated the sale of these shares and what the proceeds from the sale will be used for.

The Business Weekly & Review also wanted to find out how FSG has been performing in the last five years, and how that performance translated in BIHL’s overall performance. BIHL 2021 financials show that FSG performed well last year, which saw revenue growing by 49 percent compared to the prior year. This performance was mainly driven by the undertaking arm of the business due to increased mortality resulting from COVID-19. Profit before tax grew by 64 percent year-on-year.

Tags: Africa Lighthouse CapitalALFC I InvestmentBotswana Insurance Holdings Limited (BIHL)Botswana LifeFlip Coin (Pty) LtdFSG LimitedTebelelo SeretseTebogo KeepetsoeVijayan Narayanan

Navigation

  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

Recent News

  • July 11th Edition
  • ‘International Tennis Tournaments Drive Economic Growth’- Thipe
  • No tax on 100% employer-borne medical excesses
  • Product Mix Drives Revenue Growth at Seed Co
  • Higher Education Ministry Suspends Aviation Sponsorships

Site

  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition

© 2021 The Business Weekly & Review. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

© 2021 The Business Weekly & Review. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?