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.

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BP deal leaves govt in the cold

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.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!