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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

    Botswana athletes to train in USA

    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    April will see 2nd Instalment of Summer Kids Marathon

    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      ‘Sound insurance protects infrastructure’

      Shingirai Madondo by Shingirai Madondo
      October 26, 2022
      in News
      Reading Time: 2 mins read
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      ‘Sound insurance protects infrastructure’

      GABORONE 8 September 2022, Traffics are getting thicker on the Gabane bound Kudumatse Drive as they approaching the Rainbow intersection on 8 September 2022. Some believes that traffic will move faster from tomorrow as the intersection on Kudumatse Drive will open for traffic use with the traffic signals under the flyover. (Pic:Monirul Bhuiyan/PRESS PHOTO)

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      • Deputy Mayor of the Francistown says people’s livelihoods are exposed sans insurance

      FRANCISTOWN: In this era of natural disasters, the role of the insurance industry is critical to the pursuit of communities’ strategic developmental goals, the Deputy Mayor of the Francistown, Lesego Kwambala, said recently.

      Speaking at the launch of a local branch of Phoenix of Botswana Assurance Company here, Kwambala said the impact of the insurance industry on the city’s fiscus is immeasurable. “There are many challenges we are faced with locally, nationally and globally, such as climate change and pandemics like COVID-19 that impact livelihoods and the economy,” said Kwambala.

      There is no doubt that insurance is a critical to protection of the investment that cities and countries make in infrastructure and creation of an inclusive economy, the Deputy Mayor, who is the Councillor for Itekeng, said. “Without a sound insurance industry, people’s livelihoods and economic development are threatened,” Kwambala emphasised. He said Francistown has been at the centre of the economic development of Botswana as the hub of mining in the northern part of the mining nation that is a gateway to tourism destinations.

      “Insurance is a key strategic pillar in infrastructure development, which is one area that has been lagging behind in our city,” Kwambala noted, adding that investments in the municipality by companies like Phoenix of Botswana are welcome. Meanwhile, while officially opening the 16th National Business Conference here earlier in the week, President Mokgweetsi Masisi said Botswana is grappling with the downside of the restrictive measures that economies around the world implemented to fight the COVID-19 pandemic.

      The President identified global supply chain bottlenecks that lead to delays in the delivery of inputs for production as one such effect that constrains economic activity after Covid-19 restrictions were lifted. As if that was not enough, he said, war broke out early this year between Russia and Ukraine, resulting in increases in prices of petrol, transportation, food and other commodities. Consequently, a rise in the cost of living has seen inflation in Botswana reach 14.6 percent in August 2022, the highest rate since December 2008 when it was at 13.7 percent, the President noted.

      Tags: COVID-19Lesego KwambalaMokgweetsi MasisiPhoenix of Botswana Assurance Company

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