Amicus June 2017

Launch of Old Mutual Botswana Life Insurance Company
The Old Mutual Botswana Life Insurance Company was officially launched in March this
year, at the Phakalane Golf Estate in Gaborone.
Attending the event was the Botswana Minister for Sports & Culture, Minister Bulelwa Kiva,
from the South African High Commission ion Gaborone, CEO Old Mutual Africa (OMA),
Jonas Mushosho, senior execs from OMA, corporate CEOs from Botswana and local media.
Thebe Modikwa, Managing Director of Old Mutual Botswana Life, said he believed there is
a gap in the current life insurance market in Botswana which should be catered for.
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REST OF AFRICA
‘Life insurance should be more than just funeral expenses and the elaborate sending off of
a loved one. It should also be a tool for preserving wealth and ensuring that the needs of
dependents left behind are provided for.’
Thebe Modikwa, Old Mutual Life
Company Botswana Managing
Director, addresses guests
While there are currently eight life insurance companies in Botswana serving a population
of approximately two million people, the regulators' report shows that the top two dominate
87.5% of the market.
The priority for Old Mutual Botswana Life will be to shift public perception of life insurance
from a simple funeral policy and short-term-goal, to a holistic tool that can be used to
preserve wealth and give the next generation a better start in life.
LEADERSHIP UPDATE
Edith Jiya has been
appointed the CEO of
Old Mutual Malawi. Edith
assumed the role in an acting
capacity in March 2015,
and has steered the ship
with enthusiasm, wisdom
and a great sense of focus,
delivering incredible results
in a continuously tough
economic environment.
Vinay Padayachee
was appointed CEO of the
Old Mutual Life Insurance
Company, Namibia. Vinay
has over 20 years of corporate
experience and was CEO of
Virgin Money South Africa
for eight years until 2015. He
paved the way for innovation in
the SA Insurance and Banking
Industry and introduced many
industry game changers.
From left: Jane Rose Kapanga, Chris Kapanga, Morounke
Olufemi (CFO, Old Mutual West Africa) and Linda
Mariwande (Chief Operating Officer, Old Mutual Ghana)
Old Mutual Ghana recently bid farewell to CEO Chris
Kapanga at a dinner held in Accra to celebrate his leadership
and wish him well on his retirement. The event was attended
by the Board of Directors of Old Mutual Ghana, Old Mutual
Ghana Exco, industry regulators, friends and Chris’s wife,
Jane Kapanga.
Old Mutual Zimbabwe
secures microfinance licence
Old Mutual Zimbabwe has secured an operating licence for
its microfinance business from the Reserve Bank of Zimbabwe.
Old Mutual Rest of Africa CEO Jonas Mushosho told analysts
that the decision was part of the group's efforts to advance
financial inclusion. Old Mutual Finance in Zimbabwe will
provide various products and services to the public, including
micro-loans, savings, insurance and financial education.
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2017/05/30 12:15 PM