Daily Finance News Highlights are a www.hotwireprc.com service to our top clients, with daily alerts on what is making Botswana's finance news.
Daily Finance News Highlights are a www.hotwireprc.com service to our top clients, with daily alerts on what is making Botswana's finance news. |Source: Hotwire
Finance News (Print)

Finance News 13 May 2020

Summaries of today's leading financial news

By Kefetse Denise Molopo

|

Over 70 percent of Batswana are uninsured – Only 30 percent of Batswana have insurance while 70 percent are without the critical cover, the Non-Bank Financial Institutions Regulatory Authority and Fitch Solutions have disclosed. (The Botswana Gazette)

Gov’t opens door to more foreign insurers – While Botswana's money-spinning insurance sector is already dominated by foreign investors, the Government has made commitment to the Southern African Development Community (SADC) and the African Union (AU) to liberalise the insurance industry and open doors for more foreign insurance companies. (The Botswana Gazette)

Blacklisted! Botswana’s offshore billion pula investments face termination – This week, European Union (EU) Executive Vice President Valdis Dombrovskis said due to anti-money laundering and terrorism financing shortfalls, four countries have been blacklisted. (The Botswana Gazette)

Borrowing to go up - Botswana companies expect the lending rates and the volume of borrowing from the domestic market to increase in the twelve-month period to March 2021. This is according to Bank of Botswana’s business expectation survey. Two weeks ago the bank rate was cut by 50 basis point to the current 4.25 percent. (The Midweek Sun)

NBFIRA predicts life insurance sector growth - The latest figures from the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) have indicated that the country’s life insurance is on an upward course. (The Midweek Sun)

The Hotwire XChange
www.xchange.co.bw