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      Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

      ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

      BAA Needs Over P3m For World Champs

      Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

      No House For Tebogo Despite Astral Performance in Budapest

      “No Pressure for Tebogo at Diamond League Finals”

      BOKA Aims to Host Two Prestigious International Karate Competitions

      BOKA Aims to Host Two Prestigious International Karate Competitions

      FM Botswana 2022 conference: transformation towards a greener FM 

      StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

      No House For Tebogo Despite Astral Performance in Budapest

      No House For Tebogo Despite Astral Performance in Budapest

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      “Letshego Needs More Patience”  

      The CEO of BIHL said this to gird her position that the leading insurer won’t be leaving the pan-African micro-lender 

      mm by Kitso Dickson
      September 4, 2022
      in Companies & Markets
      Reading Time: 1 min read
      0
      “Letshego Needs More Patience”  

      GABORONE 29 August 2022, Financial service provers Letshego Holding Limited announces the half year financial result in Gaborone on 29 August 2022. Group Chief Executive officer Aobakwe Aupa Monyatsi and Group chief finance officer Gwen Muteiwa announce the result to the guests. The result reflects 18 paercent less profit before Tax compare to the last year same period. Monyatsi during the result announcement. (Pic:MONIRUL BHUIYAN/PRESS PHOTO)

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      Botswana Insurance Holdings Limited (BIHL) is not contemplating exiting from Letshego Holdings Limited, the CEO of Botswana’s leading insurance group, Catherine Lesetedi, has said. 

      She was responding to a question during a Q&A session at the end of the insurer’s results presentation for the half-year ended June 2022 this week. 

      Letshego is operating in a high interest rates environment and a concern by analysts is that the pressure on its margins will persist, potentially dragging down fair value. 

      Earlier in the week, Letshego had disclosed that a hawkish environment has impeded profitability trajectory. This is especially because the company said it does not immediately pass on cost of funding to its customers. 

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      Tags: BIHLCatherine LesetediTransformation Strategy

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