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NDB launches insurance agency

NDB launches insurance agency
NDB CEO: Lorato Morapedi

National Development Bank (NDB) has on Tuesday this week launched a new subsidiary called the NDB Insurance Agency.

The Insurance Agency products will be offered through the bank’s partnership with Botswana Insurance Holdings Limited (BIHL), subsidiary companies being Botswana Life and Botswana Insurance Company (BIC).

According to NDB Chief Executive Officer, Lorato Morapedi, the move to form an Insurance Agency was influenced by the amount of investment within the different sectors of the economy by way of financial loans.

“We invest in risky spaces, from start-up businesses where r...

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