Afinitas to invest P28.6m in Ethiopia

Friday, March 18, 2016

In a bid to extend its footprint across Africa, Afinitas Limited announced that it will invest $2.5 million (P28.6 million) to establish an Ethiopia-focused holding company. The Botswana-grown investment company stated on Wednesday that its board of directors has approved the establishment of the new entity in Ethiopia and funding its investments.

Afinitas executive director, Leutlwetse Tumelo told BusinessWeek that his company is an Africa-focused investment company, noting that creating an Ethiopia-focused holding company falls within their objective of investing in various sectors and countries across the continent.

“The motivation for going into Ethiopia is in part underpinned by the rapidly changing investment climate in that country,” he said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Disc, license renewal requirements waived amid system failures

staff writer | 10 h ago

This is not reversal born of weakness- Salakae

Larona Makhaiza | 1d ago

Batlokwa reject Tlokweng expansion plan

Tsaone Basimanebotlhe | 2d ago

Enough is enough – Kgosi Gaborone

Tsaone Basimanebotlhe | 2d ago

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

Pini Bothoko | 2d ago

‘Insurance killer’ case leaves family in ruins

Innocent Selatlhwa | 2d ago

Serowe police probe Mogorosi tragedy

Pini Bothoko | 2d ago

Man found seriously injured by Letlhakane roadside

Pini Bothoko | 2d ago

BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

Mmegi Editor | 27 March 2026

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

Afinitas to invest P28.6m in Ethiopia

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order