American firm seeks stake in Bolux

Bolux has 30 percent market share in local maize meal industry
Bolux has 30 percent market share in local maize meal industry

The Competition Authority (CA) has received a proposal from Seaboard Botswana Holdings to acquire a 49 percent stake in Ramotswa based milling company, Bolux Group.

Seaboard Botswana Holdings is a company registered in the Bahamas, which was established for the purpose of acquiring the minority interest in Bolux Group. It is a wholly owned subsidiary of Seaboard Corporation, a US listed entity with investments globally, in the food processing grain-trading sector.

Nkosi Mwaba, Bolux Group head of corporate affairs, indicated that the purpose of this transaction was to secure an investment and inject capital into the company.  He said Bolux Group operated a plant, which was 30 years old and in need of refurbishment and technological upgrades.

Editor's Comment
Molepolole unrest: Urgent attention on missing person cases

From Jakoba's mysterious disappearance on November 9 to the grim discovery of his remains at Mosinki Lands, a gap in the response mechanisms of the police and village leadership has been laid bare. The community's anger is evident, seen in the attack on Bakang Masole, the man found driving Jakoba's taxi and the main suspect, and the subsequent riot. Residents express discontent, citing a troubling trend of missing persons cases often...

Have a Story? Send Us a tip
arrow up