Connect with us

Business

BIHL Group expects positive results

Published

on

Botswana Insurance Holdings Limited will register a jump in profits for the year ended 31 December 2015 due to the company’s good performance during the period under review, the group said in cautionary statement.

The company said in a statement it was expecting better fortunes in 2015 as compared to 2014. “This is mainly driven by the good performance in some operating segments and positive investments,” stated the group which is listed on the domestic bourse.

“Accordingly, shareholders and investors are advised to exercise caution when trading in the company’s securities until such a time as a detailed announcement is made,” said the company.

The results will be published by 2 March 2016. The diversified financial house’s results for the year ended December 2014 showed the group’s operating profit standing at P287 million while investments in associate firms raked in P211 million in profits.

BIHL subsidiaries and associates is a broad based financial services organisation. It has the following wholly owned subsidiaries, Botswana Life Insurance Limited, Botswana Insurance Fund Management and Legal Guard.

BIHL also has investments in Letshego Holdings Limited, Funeral Services Group limited, Nico Holdings and Botswana insurance company. The company is listed on the Botswana Stock Exchange.The Botswana’s oldest insurance and asset management celebrated its 40 years of existence last year.

Continue Reading
Comments

Business

SMEs benefit from Consumer Fair growth

Published

on

The Botswana Investment and Trade Centre (BITC) has applauded Botswana Consumer Fair’s continued efforts to improve small to medium enterprises’ linkages.

BITC Chief Executive Officer, Keletsositse Olebile, when opening the fair, said the event has provided interactive forum for both local and foreign exhibitors. He said the shopping show has enabled manufacturers, wholesalers and traders to market their products directly to consumers, an alignment to government’s endeavors.

“As part of government intention, we continually encourage local sourcing by retailers and distributors,” said Olebile who is just few months into his new post. He further celebrated the growth of Botswana Consumer Fair over the years, attributing the expansion to quality of goods displayed at the previous shows.“Improved quality and increased variety of wares increases the interest of the visitors and makes them look forward to returning the following year,” said Olebile.

This year’s exhibitors at the 13th event still running under the banner: ‘It is more than just shopping’ have been drawn from Lesotho, Zambia, Swaziland, South Africa, Nigeria, Ghana, Kenya, Egypt, Japan, India, Tanzania and Zimbabwe.

Consumer Fair is a flagship event for Fairgrounds Holdings and provides a platform for small medium enterprises (SMEs) from the different sectors of the economy to showcase and promote their products and services. In addition, the SMEs are expected to establish long term business linkages and promote local manufactured goods.Fairgrounds Holdings is already optimistic that the Fair immensely contribute to the socio-economic development of the country through supporting SMEs.

Continue Reading

Business

‘Involve SMMEs in standards development’-Minister

Keikantse Lesemela

Published

on

Minister of Investment, Trade and Industry, Bogolo Kenewendo appealed to Botswana Bureau of Standards (BOBS) to include the Small, Medium and Micro Enterprises (SMMEs) when developing the standards to improve the sector.

She said the Ministry of Investment, Trade and Industry has identified three areas of focus going forward which are modeled on SMME development, investment promotion and export development apexes. “I would like to implore you to include this sector in standards development processes and assist in improving SMMEs conformity to standards and compliance to technical regulations,” said Kenewendo.

Speaking during the BOBS Technical Committee Members appreciation ceremony on Thursday, Kenewendo explained that the important roles of standards are underpinned by the aspirations and intentions espoused in both diversified export led economic growth and job creation as priority areas. “It goes without saying that the diversification of the economy requires a National Quality Infrastructure and Technical Regulatory Framework that promote competitiveness of Botswana goods and services.”

She also emphasized that an effective National Quality Infrastructure and Technical Regulatory Framework are essential as they provide crucial links to global trade, market access and export competitiveness through their contribution to consumer confidence in product safety, quality and the environment.Since inception in 1997 BOBS has published more than 1700 standards through 48 technical committees across several sectors of the economy; 109 certification licences have been issued against some of these standards. Currently 46 Botswana Standards are being implemented through the standards regulations with a view to protecting the health and safety of consumers as well as protection of the environment.

On her note, BOBS Vice Chairperson of the Standards Council, Professor Edward Dintwa said standards are powerful tools for helping organisations that implement them to realize their potential, have access and compete in the global marketplace. “In this highly competitive and complex world, issues of sustainability and productivity, viewed from economic, environmental and societal perspectives require that businesses must be more efficient in their operations, which can be achieved through the implementation of standards”.

Continue Reading

Trending