Botswana Insurance Holdings Limited (BIHL) Group Chief Executive Officer, Gaffar Hassam, says the African Investor awards nomination has put BIHL on the international business map. He said the nomination also confirmed Botswana’s status as a competitive and friendly destination to do business in.
Hassam this week told Sunday Standard that Africa Investor’s Ai 100 and Ai 40 Investors’ indices capture the top 40 and 100 of the largest and most liquid publicly-traded stocks across Africa. He added that it is ranking them by market capitalisation and by liquidity, as measured by the average daily value traded in US dollars.
“This nomination effectively confirms that there is strength in numbers posted by BIHL’s performance,” said Hassam.
He pointed out that BIHL has been listed on the Botswana Stock Exchange since 1993 thereby providing ownership opportunities for Batswana and International investors and added that, currently, it has over 2,500 Batswana shareholders. He said that BIHL already enjoys recognition as a company that grows with its community, adding that “being recognised by our peers is, however, also a welcome feather in our cap”.
Launched in 2007 and linked to the Africa Investor Index Series, the Africa investor Index Series Awards are the only international and pan-African awards that recognise and reward Africa’s institutional investors, stock exchanges, best-performing listed companies, stockbrokers and capital market regulators.
“BIHL is thrilled to be nominated for this prestigious award as global recognition for the Group is also recognition for Botswana,” said Hassam.
Previously, Hassam revealed that his Group has scooped prestigious awards, such as BIHL Annual Report, which won awards as the ‘Best Overall Annual Report 2005′ and ‘Best Annual Report Financial Sector 2005, 2006, 2008′ awarded by Price Waterhouse Coopers. The list also in 2006 saw the BIHL 2006 Annual Report as ‘Best Report by a Regionally Listed Company’.
“We also appreciate being named in the same breath as companies that we expect are also affecting their communities positively, not just returning great value to their stakeholders,” he said.
┬á Recently, the Africa investor (Ai), a leading international investment and communications group, announced the shortlist for its prestigious Africa investor Index Series Awards, to be held just before September 2012 at the New York Stock Exchange during the UN General Assembly.
This year’s shortlisted category of Best Performing Ai 100 Company include Royal Swaziland Sugar Group, Illovo Sugar, ┬áDelta Corporation, ┬áBotswana Insurance Holdings Limited, ┬áVodacom Group, ┬áStandard Chartered Ghana, Ciment Maroc , and also Kumba Iron Ore.
“We are very thrilled and humbled with the nomination, we accredit this to the support we have from our customers and various stakeholders,” said Hassam.