Africa Lighthouse aims P500m kitty at renewables
Friday, November 17, 2023 | 1020 Views |
Seeing green: Pule is assessing opportunities in renewable energy
The 11-year-old firm secured a P500 million private equity mandate from the Botswana Public Officers Pension Fund (BPOPF) in 2018 and has thus far invested half the capital in local entities such as the Funeral Services Group and the Minet Group.
Private equity or capital investment made into companies that are not listed, is a key financier in the economy, particularly in the pursuit of economic diversification, as the Botswana Stock Exchange firms represent a narrow piece of the spectrum of private enterprise.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...