Bramer gets new lease of life

Bramer Life Insurance director Rginah Vaka and Statutory manager Nigel Dixon during a press conference
Bramer Life Insurance director Rginah Vaka and Statutory manager Nigel Dixon during a press conference

Bramer Life Insurance has cut ties with its Mauritian majority shareholder and replaced them with a local private equity fund, the Botswana Opportunity Partnership (BOP).

BOP is a partnership between the Botswana Public Officers Pensions Fund (BPOPF) and Capital Management Botswana (CMB) with the mandate to invest in businesses in Botswana.

Currently, Bramer Life is under statutory management following a financial scandal at its Mauritian shareholder.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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