A new Aon-CEDA venture to enhance citizen empowerment
Thursday, April 26, 2007
The P200 million CEDA Venture Capital Fund was set up in 2003 and Venture Partners Botswana (VPB) was appointed as its fund managers. Aon Botswana's move now puts 30 percent of the company shareholding into the hands of citizens as employees of Aon already hold five percent in the company, which they acquired in 2004.
The remaining 70 percent is held by the Netherlands-based Aon Holdings.
Announcing the deal this week, the chief executive officer of Aon Botswana, Dora Moremi, said that the decision to partner with CEDA Venture Capital Fund was influenced by the fact that the two shared a lot of synergies, especially with regard to citizen empowerment and commitment to the economy. An upbeat Moremi said CEDA Venture Capital Fund was preferred over other forms of empowerment - such as floating shares on the stock exchange - since the decision to give 25 percent shareholding to the fund was not a cash-raising move.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...