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Bona Life shuts down

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Bona Life shuts down
 Tim Marsland strikes again flexes muscle as CMB Director, majority shareholder Vaka blames closure on Marsland Embattled local insurance company, Bona Life, finally succumbed to boardroom brawls and closed shop on Thursday as shareholders failed to agree on the proposed names that were to compose the company board of directors. Founder and Bona Life CEO Regina Sikalesele-Vaka said on Thursday in an interview that the company closed shop following disagreements over the composition of the board of directors which are expected to correct the situation at the company where they will be a board of directors that the executive management of Bona Life will report to. Vaka hold percent in Bona Life says Bona Life has been caught in a fight which is between Botswana Public Officers Pension Fund (BPOPF) and CMB, both of which are also investors in Bona Life through company called Botswana Opportunities Partnership (BOP). “It is CMB versus BPOPF, CMB versus NBFIRA, CMB versus the CEO,” Vaka said. By the CEO she was referring to herself. Vaka has recently herself survived a coup sponsored by CMB directors. This she said, meant that with the Bona Life Company, peace no longer existed among the shareholders, saying she…

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