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.

New tax rate targets top earners

Mbongeni Mguni |
06 February 2026

Making plans: The Finance Ministry has made proposals for new tax rates

Production kicks off at Maatla Resources’ Mmamabula Coal Project

Pauline Dikuelo |
06 February 2026

Coming up: Production has finally started at Maatla’s coal project PIC: MAATLARESOURCES.COM

Pula weakens against rand as market pressures persist

Lewanika Timothy |
06 February 2026

Watching the numbers: The central bank is tasked with defending the value of the Pula

Big Brother Mzansi S6 BAZOZWA: Mshefane, Kokii and Buhle B Evicted from Biggies House

correspondent | 4 h ago

Title Fight or Turf War? Abuja and Jozi Collide as Liverpool and Man City Face Off

correspondent | 02 Feb 2026

Super Bowl LX: Gridiron Glory Meets Global Spectacle at NFL’s Diamond Anniversary

correspondent | 02 Feb 2026

BDP retreat could heal divisions

Tsaone Basimanebotlhe | 06 Feb 2026

Court picks flaws in DCEC’s teeth

Spira Tlhankane | 06 Feb 2026

Judiciary at crossroads over ConCourt proposal

Larona Makhaiza | 06 Feb 2026

A universal condition

Dr Fahim Chand | 06 Feb 2026

Psychological side of teaching, learning

Tshwarelo Hosia | 06 Feb 2026

Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

Mmegi Editor | 06 February 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