Nictus Holdings plans to expand its operations into Botswana by registering a new firm, Corporate Guarantee & Insurance Company of Botswana. 

This move highlights its goal to grow its financial services beyond Namibia. 

The company’s expansion is part of its strategy to strengthen regional presence and create new growth opportunities while providing additional financial services to clients. 

Managing director Philippus Tromp stated that the company aims to offer practical financial solutions to customers in Botswana. 

“Our intention is not only to extend the reach of our business, but also to provide value-driven and transparent financial solutions that support customers navigating Botswana’s current economic pressures,” Tromp said. 

He said the company will focus on alternative risk transfer (ART) insurance products through its Corporate Guarantee business. 

These products are designed to help individuals, businesses and institutions manage risks in ways that differ from traditional insurance. 

Alternative risk transfer allows clients to structure their own risk management solutions, giving them greater control and transparency while helping to reduce costs. According to Tromp, demand for these types of solutions has been growing in recent years as businesses face new risks linked to digitalisation, cyber threats and global economic uncertainty. 

“With traditional insurance not always addressing the complexities businesses face, our alternative risk transfer model offers a structured and cost-effective way to manage uncertainty and strengthen resilience,” he said. 

Despite economic challenges in Botswana, Tromp said the company remains confident about the country’s long-term prospects. 

He added that the new company will help Nictus Holdings build stronger partnerships in Botswana while contributing to the country’s financial sector. 

-newsroom@nepc.com.na