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Africa Lighthouse acquires minority stake in Bayport Botswana

Financial services: The Bayport team in Gaborone PIC FACEBOOK
Financial services: The Bayport team in Gaborone PIC FACEBOOK

Local private equity firm, Africa Lighthouse Capital (ALC) has acquired a minority stake in financial lender Bayport Botswana.

The deal marks the full deployment of ALC’s Fund 1.

The value of the investment and specifics on the size of the Bayport remain undisclosed as the equity holders seek to keep the value of their stock private.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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