BP deal leaves govt in the cold

Friday, November 19, 2010

This week's announcement by BP that a Swiss-based company has scooped its multi-billion Pula assets in Southern Africa has sent ripples into the local fuel industry, amid revelations that government had put in a bid for the petroleum giant's Botswana assets.

On Monday, it was announced that Puma Energy, a Swiss petroleum powerhouse with more than 30 subsidiaries across the globe, had snapped up full ownership of BP's assets in Botswana, Namibia and Zambia and 50 percent equity in BP Malawi and BP Tanzania.

The announcement came after months of speculation as to the winning bidder in the scramble to acquire BP's assets, following the UK giant's March decision to disinvest.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Metropolitan Chess Championship got underway at the President Hotel on Thursday. PIC: MORERI SEJAKGOMO

Stage set for Metropolitan chess championship

Calistus Kolantsho | 2 h ago

Coal output drops

Mbongeni Mguni | 3 h ago

Soldier faces charge for cop's murder

Larona Makhaiza | 5 h ago

Batswana join global search for HIV cure

Mbongeni Mguni | 12 Apr 2024

Win propels Galaxy five points clear

Larona Makhaiza | 1d ago

Mobile money reaches P26bn

Mbongeni Mguni | 1d ago

BAC forges path in Data Intelligence

Phatsimo Kapeng | 1d ago

ODC gives BNOC P500,000 for Olympics

Calistus Kolantsho | 1d ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More