Botswana

Botswana Insurance Company Limited (BIC) was incorporated in Botswana in 1975. The organization is committed in providing exceptional quality products and services to its clientele. This is embedded in providing short-term insurance products and services aimed at specific markets, as well as optimizing its Broker & Agency network as the main delivery channel. BIC has constantly expanded its product range to cater for the dynamic and ever changing needs of the markets it serves. With 40 years in the industry, BIC has become the most reputable short term insurance company and continues to maintain the largest market share for short term solutions. The organisation is the first insurance company in Botswana to obtain a National scale rating of AA- claims paying rating from Global Credit Ratings with the rating outlook maintained as "Stable" and means the company has a very strong capacity to meet financial commitments.

BIC has contributed tremendously to community development, social support and employment creation and it is one company in the private sector that looks towards diversification and growth of Botswana's economy by encompassing insurance as the driving sector for attracting foreign direct investment and growth opportunities. Following these tremendous developments, BIC aspires to be the insurer of first choice in the market it operates in and to also provide services that surpass the expectations of its clientele.

GABORONE HEAD OFFICE

P.O. BOX 715,GABORONE, BOTSWANA

BIC HOUSE, PLOT 50372 GABORONE BUSINESS PARK

TEL:(+267) 3600 500

FAX:(+267) 3972 867

FRANCISTOWN BRANCH

P.O. BOX 451 ,FRANCISTOWN, BOTSWANA

TEL:(+267) 2413 623

FAX:(+267) 2412 291

MAUN BRANCH

P.O. BOX HA38 HAK MAUN

TEL:(+267) 6863 410

FAX:(+267) 6862 037

Economic Policy

The Bank maintains the capability to analyse all key economic policy issues that impact on the economy of Botswana, including both domestic and international developments.

Financial Stability

Financial stability refers to a well-functioning, liquid, solvent and sound financial system that efficiently facilitates payments, pools funds and allocates resources to the most productive sectors of the economy.

Regulation and Supervision

The Bank of Botswana (Bank) promotes financial stability in the country through the regulation and supervision of banks and other financial institutions.

Payment Systems

The Bank of Botswana has legislative oversight of the National Payments System (NPS) in Botswana which ensures the effective functioning of all processes relating to financial payments and settlements.

Currency

The Bank of Botswana has been issuing currency (notes and coin) since August 1976 when the national currency, the Pula, was first introduced. 

Financial Markets

The bank of Botswana engages in a variety of operations in domestic financial markets, covering money, bond markets, and foreign exchange markets.

GABORONE HEADQUARTERS

17938, KHAMA CRESCENT, GABORONE, BOTSWANA

PRIVATE BAG 154, GABORONE, BOTSWANA

TEL: 360 6000

FRANCISTOWN BRANCH

9597, THAPAMA CIRCLE, FRANCISTOWN, BOTSWANA

PRIVATE BAG F212, FRANCISTOWN, BOTSWANA

TEL: 241 0450, 240 0400